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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Philadelphia</name>
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          <isin value="US717813VL06"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
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          <isin value="US88213ASJ50"/>
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        <valUSD>239315.67000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Portland</name>
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          <isin value="US736742A807"/>
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        <valUSD>274582.32000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax</name>
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          <isin value="US41422EFR99"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>344318.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tampa Bay Water</name>
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          <isin value="US875124DV89"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
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          <isin value="US02765URN62"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>423478.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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          <isin value="US57421CHC10"/>
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        <balance>500000.00000000</balance>
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        <valUSD>518719.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US207758T456"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452153CN74"/>
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        <balance>375000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452153DG15"/>
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        <balance>635000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Austin Community College District</name>
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          <isin value="US052404MX59"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission Oil Franchise Tax</name>
        <lei>N/A</lei>
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          <isin value="US709221VS10"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Comal Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US1998204N82"/>
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        <valUSD>237830.37000000</valUSD>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Howard</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WZJ88"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Florida</name>
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          <isin value="US3411505W63"/>
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        <curCd>USD</curCd>
        <valUSD>500726.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charlotte-Mecklenburg Hospital Authority (The)</name>
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          <isin value="US160853VF16"/>
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        <balance>185000.00000000</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>2050-01-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>West Virginia Commissioner of Highways</name>
        <lei>N/A</lei>
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        <balance>305000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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          <isin value="US452252NC90"/>
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        <valUSD>1168447.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Snohomish County School District No. 201 Snohomish</name>
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          <isin value="US833221WH36"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Colorado River Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Water District of Southern California</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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        <name>Highland Park Independent School District/Dallas County</name>
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        <name>City of Columbus</name>
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        <balance>380000.00000000</balance>
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        <name>City of San Antonio</name>
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        <name>Washoe County School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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        <name>Wisconsin Department of Transportation</name>
        <lei>N/A</lei>
        <title>Wisconsin Department of Transportation, Series 2017-1</title>
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        <invCountry>US</invCountry>
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        <name>County of Henrico</name>
        <lei>N/A</lei>
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        <name>Energy Northwest</name>
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        <name>Virginia College Building Authority</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>State of Illinois</name>
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        <name>Kitsap County School District No. 401 Central Kitsap</name>
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        <name>Metropolitan Atlanta Rapid Transit Authority</name>
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        <name>Columbia County School District</name>
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        <name>Maine State Housing Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>San Antonio Water System</name>
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        <name>Texas A&amp;M University</name>
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        <name>State of Louisiana Gasoline &amp; Fuels Tax</name>
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        <name>County of Anne Arundel</name>
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      <invstOrSec>
        <name>Vermont Municipal Bond Bank</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ohio State University (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Omaha</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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          <maturityDt>2028-11-01</maturityDt>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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          <isin value="US153476GL43"/>
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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>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772KKP39"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55905.59000000</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>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Water District of Southern California</name>
        <lei>5493003GD0S0P56RLT45</lei>
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          <isin value="US59266TQY00"/>
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        <balance>485000.00000000</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>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Huntsville</name>
        <lei>549300FQXH802SS93031</lei>
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          <isin value="US447025Q340"/>
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        <balance>150000.00000000</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>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Diego Community College District</name>
        <lei>N/A</lei>
        <title>San Diego Community College District, Series 2016</title>
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        <balance>110000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US60412ALD36"/>
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        <balance>460000.00000000</balance>
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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>Illinois Finance Authority</name>
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          <isin value="US45204EXS26"/>
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        <balance>565000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
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        <balance>825000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Missouri State Board of Public Buildings</name>
        <lei>N/A</lei>
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        <balance>345000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-04-01</maturityDt>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
        <lei>N/A</lei>
        <title>Alabama Public School &amp; College Authority, Series 2020A</title>
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        <balance>1020000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pflugerville Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Nevada</name>
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          <isin value="US641461S826"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
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          <isin value="US64465QEZ54"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56955.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>El Paso Independent School District</name>
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        <title>El Paso Independent School District, Series 2020</title>
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          <isin value="US283770NK76"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>437390.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2017A</title>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>437750.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Shelby</name>
        <lei>5493000UVZ1EF2SIPO10</lei>
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          <isin value="US821686Z213"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>357643.35000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sacramento Municipal Utility District</name>
        <lei>E3GSVR6ZOU1MX2V7HF33</lei>
        <title>Sacramento Municipal Utility District, Series 2015</title>
        <cusip>786009CB4</cusip>
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          <isin value="US786009CB42"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85264.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2020RYQ</title>
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          <isin value="US544647BJ87"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193151.23000000</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>State of Ohio</name>
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          <isin value="US677522RM82"/>
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        <balance>495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>515106.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Georgia State Road &amp; Tollway 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>City of Columbus</name>
        <lei>N/A</lei>
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        <balance>120000.00000000</balance>
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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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      <invstOrSec>
        <name>Spring Independent School District</name>
        <lei>N/A</lei>
        <title>Spring Independent School District, Series 2017A</title>
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          <isin value="US8500006B18"/>
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        <balance>185000.00000000</balance>
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        <valUSD>188651.01000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Via Metropolitan Transit</name>
        <lei>549300JAPHDC9HLZQY91</lei>
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          <isin value="US92555RAL06"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US576000RT23"/>
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        <balance>245000.00000000</balance>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <balance>445000.00000000</balance>
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        <valUSD>407564.15000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-11-15</maturityDt>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
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        <balance>260000.00000000</balance>
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        <valUSD>271308.57000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>State of Georgia</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
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          <isin value="US92817TJR86"/>
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        <curCd>USD</curCd>
        <valUSD>193983.17000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Philadelphia Gas Works Co.</name>
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          <isin value="US7178238E11"/>
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        <valUSD>204185.02000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of Alabama</name>
        <lei>549300TKZX0YNENZC895</lei>
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          <isin value="US010411BY19"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267620.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>State of Rhode Island</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Northside Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
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        <title>Texas Water Development Board, Series 2018A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Diego County Regional Transportation Commission</name>
        <lei>W4FR340A6EQ2SSI17B56</lei>
        <title>San Diego County Regional Transportation Commission, Series 2021B</title>
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        <balance>110000.00000000</balance>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Utah (The)</name>
        <lei>N/A</lei>
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          <isin value="US915183YL54"/>
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        <balance>225000.00000000</balance>
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        <valUSD>235022.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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          <isin value="US19648FJM77"/>
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        <balance>175000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Conroe Independent School District</name>
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        <name>City of New York</name>
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        <balance>440000.00000000</balance>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <valUSD>325807.49000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>Illinois State Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Portland</name>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
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        <name>State of Georgia</name>
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          <isin value="US3733846J08"/>
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      <invstOrSec>
        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Montgomery</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Municipal Improvement Corp. of Los Angeles</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Lincoln</name>
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        <balance>345000.00000000</balance>
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        <name>City of New York</name>
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        <name>State of Maryland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Shelby</name>
        <lei>5493000UVZ1EF2SIPO10</lei>
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        <name>State of New Hampshire</name>
        <lei>N/A</lei>
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        <name>State of Connecticut</name>
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        <name>Austin Independent School District</name>
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        <name>City of Chicago IL Waterworks Revenue</name>
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        <name>County of Clark</name>
        <lei>549300LDD8NZB2EOVG83</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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      <invstOrSec>
        <name>County of Hamilton</name>
        <lei>N/A</lei>
        <title>County of Hamilton, Series 2020A</title>
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        <balance>180000.00000000</balance>
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      <invstOrSec>
        <name>Minnesota Public Facilities Authority State Revolving Fund</name>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Washington Metropolitan Area Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Minneapolis MN/St Paul Housing &amp; Redevelopment Authority</name>
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          <isin value="US603695JA67"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Des Moines</name>
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          <isin value="US25009XUC72"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Austin Independent School District</name>
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          <isin value="US052430SJ59"/>
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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>2027-03-15</maturityDt>
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        <name>City of San Francisco</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>State of California</name>
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          <isin value="US13063C8S26"/>
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        <balance>450000.00000000</balance>
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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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        <name>County of Essex</name>
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        <balance>120000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Portland</name>
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        <name>County of Baltimore</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>County of Charles</name>
        <lei>N/A</lei>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>Gwinnett County Water &amp; Sewerage Authority</name>
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        <name>University of California</name>
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        <name>Indiana University</name>
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        <name>BlackRock Liquidity Funds</name>
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        <name>City &amp; County Honolulu</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>State of Louisiana</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of San Francisco</name>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Howard</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fort Bend Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washoe County School District</name>
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        <balance>50000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Louisiana</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System Revenue</name>
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        <title>Great Lakes Water Authority Water Supply System, Series 2018A</title>
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        <curCd>USD</curCd>
        <valUSD>254688.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Mexico Finance Authority</name>
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        <balance>305000.00000000</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>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Delaware</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Arlington</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Atlanta</name>
        <lei>N/A</lei>
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        <name>State of Maryland Department of Transportation</name>
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        <name>Sacramento Municipal Utility District</name>
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        <name>County of Montgomery</name>
        <lei>549300GNX5SDUEBKPK13</lei>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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        <name>Empire State Development Corp.</name>
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        <name>Kentucky Asset Liability Commission</name>
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        <name>Virginia College Building Authority</name>
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        <name>University of Arizona (The)</name>
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        <name>Missouri State Environmental Improvement &amp; Energy Resources Authority</name>
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        <name>City of Chicago IL Waterworks Revenue</name>
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          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Austin Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2027-12-01</maturityDt>
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          <maturityDt>2029-05-01</maturityDt>
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        <name>Arizona Transportation Board</name>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Metropolitan St Louis Sewer District</name>
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        <name>County of Anne Arundel</name>
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          <maturityDt>2027-10-01</maturityDt>
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      <invstOrSec>
        <name>Aldine Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US014393XC13"/>
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        <balance>675000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Alamo Community College District</name>
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          <isin value="US011415RF59"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Mississippi</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
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        <name>Maine Municipal Bond Bank</name>
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        <name>North Texas Tollway Authority</name>
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        <name>East Bay Municipal Utility District Water System</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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        <name>State of Connecticut Special Tax</name>
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          <isin value="US207758WL38"/>
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        <balance>635000.00000000</balance>
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          <maturityDt>2027-09-01</maturityDt>
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        <name>Port of Seattle</name>
        <lei>549300T9UCDUJ3GZL429</lei>
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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>Round Rock Independent School District</name>
        <lei>N/A</lei>
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        <cusip>779240MH0</cusip>
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          <isin value="US779240MH06"/>
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        <balance>185000.00000000</balance>
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        <name>County of Henrico</name>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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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>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Regional Transportation Authority</name>
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        <name>County of Union</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>City of Indianapolis Department of Public Utilities Water System Revenue</name>
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        <name>College Station Independent School District</name>
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        <name>City of San Antonio</name>
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        <name>City &amp; County of Denver</name>
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      </invstOrSec>
      <invstOrSec>
        <name>JEA Water &amp; Sewer System</name>
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          <isin value="US46615SEX27"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania State University (The)</name>
        <lei>549300QDK4O4XCJ47X56</lei>
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          <isin value="US709235RD90"/>
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        <curCd>USD</curCd>
        <valUSD>267655.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
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          <isin value="US882724JD02"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>424386.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2020B</title>
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          <isin value="US605581MV69"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172572.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Norfolk</name>
        <lei>N/A</lei>
        <title>City of Norfolk, Series B</title>
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          <isin value="US655867UX59"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142070.74000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Prosper Independent School District</name>
        <lei>N/A</lei>
        <title>Prosper Independent School District, Series 2022</title>
        <cusip>743600X45</cusip>
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          <isin value="US743600X453"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237998.55000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System</name>
        <lei>N/A</lei>
        <title>State of Florida Department of Transportation Turnpike System, Series 2019A</title>
        <cusip>343137EL5</cusip>
        <identifiers>
          <isin value="US343137EL50"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>354244.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Pierce County School District No. 401 Peninsula</name>
        <lei>N/A</lei>
        <title>Pierce County School District No. 401 Peninsula, Series 2019</title>
        <cusip>720577XB6</cusip>
        <identifiers>
          <isin value="US720577XB63"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>246680.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mecklenburg County Public Facilities Corp.</name>
        <lei>N/A</lei>
        <title>Mecklenburg County Public Facilities Corp., Series 2017</title>
        <cusip>58401ABR0</cusip>
        <identifiers>
          <isin value="US58401ABR05"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144942.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Municipal Power Agency No. 1</name>
        <lei>549300N3Q65G1ODRFX75</lei>
        <title>North Carolina Municipal Power Agency No. 1, Series A</title>
        <cusip>658203X25</cusip>
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          <isin value="US658203X251"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>262841.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>San Diego Public Facilities Financing Authority, Series 2023A</title>
        <cusip>79730CKU7</cusip>
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          <isin value="US79730CKU70"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>262473.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2015A</title>
        <cusip>13077CY81</cusip>
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          <isin value="US13077CY819"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100798.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Minneapolis MN/St Paul Housing &amp; Redevelopment Authority</name>
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        <title>City of Minneapolis, Series 2017A</title>
        <cusip>603695JB4</cusip>
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          <isin value="US603695JB41"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>154360.02000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District, Series 2024</title>
        <cusip>54438CC42</cusip>
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          <isin value="US54438CC421"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>523718.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
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        <cusip>68609BR33</cusip>
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          <isin value="US68609BR330"/>
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        <balance>245000.00000000</balance>
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        <valUSD>254616.64000000</valUSD>
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        <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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Miami Beach</name>
        <lei>N/A</lei>
        <title>City of Miami Beach, Series 2017</title>
        <cusip>59324PDQ9</cusip>
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          <isin value="US59324PDQ90"/>
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        <balance>170000.00000000</balance>
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        <valUSD>176622.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Multnomah County School District No. 40</name>
        <lei>N/A</lei>
        <title>Multnomah County School District No. 40, Series B</title>
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          <isin value="US625693GZ33"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>185486.70000000</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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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Omaha Public Power District</name>
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        <name>City of Seattle</name>
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        <name>New York Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <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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      <invstOrSec>
        <name>State of Nevada</name>
        <lei>N/A</lei>
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          <isin value="US641462GV25"/>
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        <valUSD>219447.14000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arlington Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US0418264R69"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326010.32000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
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          <isin value="US88278PB789"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145092.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>State of Maryland, Series 2017</title>
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          <isin value="US574193NK02"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>589939.11000000</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>Virginia Public Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public Building Authority, Series 2017A</title>
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          <isin value="US928172Y417"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>137911.65000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Antonio Water System</name>
        <lei>549300S7VENCVRZAA322</lei>
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        <cusip>79642GHB1</cusip>
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          <isin value="US79642GHB14"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>675046.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>College Station Independent School District</name>
        <lei>N/A</lei>
        <title>College Station Independent School District, Series 2017</title>
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          <isin value="US194475UP20"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107762.83000000</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>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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="US956553ZA29"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>246786.64000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maine Turnpike Authority</name>
        <lei>N/A</lei>
        <title>Maine Turnpike Authority, Series 2015</title>
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          <isin value="US560551PL12"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125303.11000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Newport Mesa Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US652113UL37"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199678.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FWA82"/>
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        <balance>535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>549673.87000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2016D</title>
        <cusip>20772J2R2</cusip>
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          <isin value="US20772J2R25"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439634.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Series E</title>
        <cusip>25476FTM0</cusip>
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          <isin value="US25476FTM04"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298498.94000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
        <title>Kentucky State Property &amp; Building Commission, Series 2024B</title>
        <cusip>49151F3A6</cusip>
        <identifiers>
          <isin value="US49151F3A66"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>433079.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
        <lei>54930055TIDYHNDP4F84</lei>
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          <isin value="US79766DGT00"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Omaha Public Power District</name>
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        <name>City of Austin</name>
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        <name>Virginia College Building Authority</name>
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        <name>West Valley-Mission Community College District</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>County of Wake</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kentucky Turnpike Authority</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</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="US13063CW979"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Austin</name>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>114198.63000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Houston Combined Utility System</name>
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          <isin value="US44244CGK71"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128307.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Norfolk</name>
        <lei>N/A</lei>
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          <isin value="US655867WZ89"/>
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        <balance>270000.00000000</balance>
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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>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <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>
        <cusip>88283LKL9</cusip>
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          <isin value="US88283LKL98"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153736.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2018B-1</title>
        <cusip>5446466J6</cusip>
        <identifiers>
          <isin value="US5446466J61"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>433285.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Atlanta Rapid Transit Authority</name>
        <lei>5493006NVWO3NVLK0F49</lei>
        <title>Metropolitan Atlanta Rapid Transit Authority, Series 2017D</title>
        <cusip>5917453W2</cusip>
        <identifiers>
          <isin value="US5917453W28"/>
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        <balance>755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>771690.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Iowa</name>
        <lei>N/A</lei>
        <title>State of Iowa, Series 2016A</title>
        <cusip>46257TEE5</cusip>
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          <isin value="US46257TEE55"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132485.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Memphis</name>
        <lei>254900N4APYJWTAF5J46</lei>
        <title>City of Memphis, Series 2020</title>
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          <isin value="US586145V685"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>717178.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Florida Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Florida Department of Transportation, Series 2019A</title>
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          <isin value="US34160DAH98"/>
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        <balance>201000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209292.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
        <title>Salt River Project Agricultural Improvement &amp; Power District, Series 2016A</title>
        <cusip>79574CBU6</cusip>
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          <isin value="US79574CBU62"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>385979.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
        <title>Alabama Federal Aid Highway Finance Authority, Series A</title>
        <cusip>010268BX7</cusip>
        <identifiers>
          <isin value="US010268BX71"/>
          <other otherDesc="Inhouse Asset ID" value="010268BX7"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135507.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Colorado Springs CO Utilities System Revenue</name>
        <lei>N/A</lei>
        <title>City of Colorado Springs Utilities System, Series 2022B</title>
        <cusip>1966323P6</cusip>
        <identifiers>
          <isin value="US1966323P67"/>
          <other otherDesc="Inhouse Asset ID" value="1966323P6"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73476.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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        <cusip>64971WU65</cusip>
        <identifiers>
          <isin value="US64971WU650"/>
          <other otherDesc="Inhouse Asset ID" value="64971WU65"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>406438.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Orange County Community College District</name>
        <lei>N/A</lei>
        <title>North Orange County Community College District, Series 2003B</title>
        <cusip>661334CK6</cusip>
        <identifiers>
          <isin value="US661334CK67"/>
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        <balance>880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>820188.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series A</title>
        <cusip>882854WL2</cusip>
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        <name>Empire State Development Corp.</name>
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        <name>Ohio State University (The)</name>
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        <name>Texas A&amp;M University</name>
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        <name>City of Seattle</name>
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        <name>Indiana Finance Authority</name>
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        <name>State of Wisconsin</name>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
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      <invstOrSec>
        <name>North Texas Municipal Water District</name>
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      <invstOrSec>
        <name>Utah Associated Municipal Power Systems</name>
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          <isin value="US917328RR91"/>
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      <invstOrSec>
        <name>City of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Massachusetts Bay Transportation Authority Sales Tax, Series 2005A</title>
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        <balance>555000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego County Water Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Nevada Highway Improvement</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange County Sanitation District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Greensboro</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>City of Jacksonville FL</name>
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        <name>State of Illinois</name>
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        <name>City of San Antonio</name>
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        <name>Ohio State University (The)</name>
        <lei>JFC10ZULKO4X2E3HBY86</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Regional Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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        <name>County of Nassau</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clark County School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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          <isin value="US592030S430"/>
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        <name>County of Wilson TN</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Huntsville</name>
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          <isin value="US447025H422"/>
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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>2030-05-01</maturityDt>
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      <invstOrSec>
        <name>City of Springfield IL Electric Revenue</name>
        <lei>N/A</lei>
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        <balance>500000.00000000</balance>
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        <valUSD>515739.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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      <invstOrSec>
        <name>State of Delaware</name>
        <lei>N/A</lei>
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        <balance>595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616531.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia Water &amp; Sewer Authority</name>
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        <balance>245000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Richmond County Hospital Authority</name>
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        <name>University of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US914460PV68"/>
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          <maturityDt>2027-09-01</maturityDt>
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        <name>State of Rhode Island</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>State of West Virginia</name>
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        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
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          <isin value="US64972HZN50"/>
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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>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650028ZU05"/>
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        <curCd>USD</curCd>
        <valUSD>415233.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Gilbert Water Resource Municipal Property Corp.</name>
        <lei>N/A</lei>
        <title>Gilbert Water Resource Municipal Property Corp., Series 2022</title>
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          <isin value="US37530ABQ04"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas State University System</name>
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          <isin value="US88278PZV92"/>
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        <balance>485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502641.34000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</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 2008</title>
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          <isin value="US88283LGZ31"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281512.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <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 2024B</title>
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          <isin value="US232769PC74"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>517742.30000000</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>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Connecticut</name>
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          <isin value="US20772KLR85"/>
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        <balance>545000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Philadelphia</name>
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          <isin value="US717813RK78"/>
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        <balance>605000.00000000</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>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Minnesota Municipal Gas Agency</name>
        <lei>549300SISI6N1C6S3136</lei>
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          <isin value="US60406UAM99"/>
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        <balance>350000.00000000</balance>
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        <valUSD>349756.89000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Coast Community College District</name>
        <lei>N/A</lei>
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        <balance>810000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Texas Municipal Water District Upper East Fork Wastewater Interceptor System</name>
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        <name>State of Rhode Island</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Missouri State Board of Public Buildings</name>
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        <name>Clark County School District</name>
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        <name>Los Angeles Department of Water &amp; Power Water System Revenue</name>
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        <name>North Carolina Medical Care Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</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>Metropolitan Council</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>County of Loudoun</name>
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        <name>Grand River Dam Authority</name>
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        <name>State of New Mexico</name>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>City of Atlanta</name>
        <lei>N/A</lei>
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        <name>Town of Hempstead</name>
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        <name>City of Seattle</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Virginia Public School Authority</name>
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        <name>University of Washington</name>
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        <name>Texas Public Finance Authority</name>
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        <name>Austin Independent School District</name>
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        <name>State of New York</name>
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        <name>County of Santa Clara</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Hillsborough County Aviation Authority</name>
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        <name>State of Kansas Department of Transportation</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>State of Minnesota</name>
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        <name>Karegnondi Water Authority</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <maturityDt>2028-05-01</maturityDt>
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        <name>Pennsylvania Housing Finance Agency</name>
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        <name>State of Hawaii</name>
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      <invstOrSec>
        <name>Hudson Yards Infrastructure Corp.</name>
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          <isin value="US44420RAQ39"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
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          <isin value="US84247PKX86"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Council</name>
        <lei>N/A</lei>
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          <isin value="US591852V887"/>
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        <valUSD>215241.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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          <isin value="US45204FFE07"/>
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        <balance>645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>670919.84000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</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>
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          <isin value="US92778VED64"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210883.32000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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        <name>Virginia Public Building Authority</name>
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        <title>Virginia Public Building Authority, Series 2017A</title>
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          <isin value="US928173BS18"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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          <isin value="US646139A961"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>752594.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>Texas A&amp;M University, Series 2017E</title>
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          <isin value="US88213AKY00"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108406.29000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <title>Cypress-Fairbanks Independent School District, Series 2016</title>
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        <balance>685000.00000000</balance>
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        <valUSD>695428.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
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        <name>California State Public Works Board</name>
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          <isin value="US13068LVN27"/>
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        <balance>310000.00000000</balance>
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        <valUSD>310329.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <title>New York City Transitional Finance Authority Future Tax Secured, Series 2018-1</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Portland</name>
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        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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          <isin value="US64711RMW33"/>
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        <name>Illinois State Toll Highway Authority</name>
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          <isin value="US452252LK35"/>
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        <invCountry>US</invCountry>
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        <name>State of Rhode Island</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Minnesota</name>
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        <balance>645000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Las Vegas Valley Water District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut Clean Water Fund - State Revolving Fund</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Municipal Power Agency</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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        <name>State of Oregon</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Spokane County School District No. 81 Spokane</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Metropolitan Area Transit Authority Dedicated</name>
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          <isin value="US93878YBZ16"/>
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        <balance>460000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Wisconsin Department of Transportation</name>
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        <name>State of Florida</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>City of Atlanta</name>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Series XX</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Riverside County Transportation Commission Sales Tax</name>
        <lei>N/A</lei>
        <title>Riverside County Transportation Commission Sales Tax, Series 2017B</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>City of Seattle</name>
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      <invstOrSec>
        <name>State of Oregon Department of Transportation</name>
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        <name>Oklahoma Turnpike Authority</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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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Des Moines</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
        <title>New York State Environmental Facilities Corp., Series 2016A</title>
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          <isin value="US64986DAL91"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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        <name>County of Williamson</name>
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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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          <maturityDt>2027-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
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          <isin value="US29270CU521"/>
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        <balance>410000.00000000</balance>
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        <valUSD>424599.03000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>Fairfax County Industrial Development Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series D</title>
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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>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
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        <balance>700000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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      <invstOrSec>
        <name>Rhode Island Health and Educational Building Corp.</name>
        <lei>N/A</lei>
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          <isin value="US762244EQ07"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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        <name>Energy Northwest</name>
        <lei>N/A</lei>
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        <name>County of Rutherford</name>
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        <invCountry>US</invCountry>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <name>University of Michigan</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>University of North Texas System</name>
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        <name>City of Franklin</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Nebraska Public Power District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>State of Georgia</name>
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        <name>Empire State Development Corp.</name>
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        <name>New York State Dormitory Authority</name>
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      <invstOrSec>
        <name>Washoe County School District</name>
        <lei>N/A</lei>
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        <valUSD>125154.26000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>Texas A&amp;M University, Series 2021A</title>
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          <isin value="US88213AQS77"/>
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        <curCd>USD</curCd>
        <valUSD>260125.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US5444954F85"/>
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        <balance>695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>715721.70000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Unified School District No. 48 Scottsdale</name>
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          <isin value="US567288UJ22"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237799.51000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <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>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DLC01"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>575561.03000000</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>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
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          <isin value="US574204N335"/>
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        <balance>475000.00000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Michigan</name>
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          <isin value="US594612DR16"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>425357.94000000</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>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark</name>
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          <isin value="US181000PT16"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>473975.73000000</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>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>West Virginia Commissioner of Highways</name>
        <lei>N/A</lei>
        <title>West Virginia Commissioner of Highways, Series 2018A</title>
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          <isin value="US95649ADA97"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>305867.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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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>County of Multnomah</name>
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          <isin value="US625506QG80"/>
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        <balance>615000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rhode Island Commerce Corp.</name>
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          <isin value="US762232AM82"/>
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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>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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="US594615HE97"/>
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        <balance>670000.00000000</balance>
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        <valUSD>701101.94000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
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          <isin value="US45884AZY27"/>
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        <balance>325000.00000000</balance>
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        <valUSD>335788.34000000</valUSD>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Indianapolis Department of Public Utilities Gas Utility Revenue</name>
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          <isin value="US455398NP85"/>
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        <balance>190000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</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="US49474FYD67"/>
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        <balance>120000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Series 2021QQQ</title>
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          <isin value="US64577XCC83"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>714326.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Series 2017</title>
        <cusip>13063DBR8</cusip>
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          <isin value="US13063DBR89"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>387774.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>San Mateo County Community College District</name>
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        <name>East Side Union High School District</name>
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        <name>Coast Community College District</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>Allegheny County Higher Education Building Authority</name>
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        <name>State of Wisconsin</name>
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        <name>City of Salt Lake City</name>
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        <securityLending>
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      </invstOrSec>
      <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 2023-A</title>
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          <isin value="US54466HMD51"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series C</title>
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          <isin value="US13068LL295"/>
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        <curCd>USD</curCd>
        <valUSD>335842.10000000</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority, Series 2016</title>
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          <isin value="US70869PLH81"/>
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        <curCd>USD</curCd>
        <valUSD>127661.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US52882PED69"/>
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        <balance>715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>746378.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Illinois Sales Tax</name>
        <lei>N/A</lei>
        <title>State of Illinois Sales Tax, Series 2018A</title>
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          <isin value="US452227MZ13"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>310769.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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 2016A</title>
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          <isin value="US54466HCE45"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clear Creek Independent School District</name>
        <lei>N/A</lei>
        <title>Clear Creek Independent School District, Series 2021</title>
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          <isin value="US184541DQ05"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118999.27000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts Federal Highway Grant Anticipation Note</name>
        <lei>N/A</lei>
        <title>Commonwealth of Massachusetts Federal Highway Grant Anticipation Note, Series 2019A</title>
        <cusip>57583PHG7</cusip>
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          <isin value="US57583PHG72"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>550636.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772JN657"/>
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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>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Washoe County School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Hillsboro School District No. 1J</name>
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        <name>State of Maine</name>
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        <name>Denver City &amp; County School District No. 1</name>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
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        <name>State of Montana</name>
        <lei>N/A</lei>
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          <isin value="US612103WA59"/>
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        <invCountry>US</invCountry>
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        <name>State of Texas</name>
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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>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>San Antonio Independent School District</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>University of Oklahoma (The)</name>
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      <invstOrSec>
        <name>University of Colorado</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Kentucky Turnpike Authority</name>
        <lei>N/A</lei>
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        <name>Permanent University Fund - University of Texas System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Louisiana</name>
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          <isin value="US546417AK21"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Utah</name>
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          <isin value="US917542VV16"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of California</name>
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          <isin value="US91412G3J27"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California State Public Works Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Harris TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Public School Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Bexar</name>
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        <name>New Mexico Finance Authority</name>
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        <name>State of Mississippi</name>
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        <name>Dallas Independent School District</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>Idaho State Building Authority</name>
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        <name>State of Alabama</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
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        <name>State of California</name>
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        <name>North Texas Tollway Authority</name>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2020A</title>
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          <isin value="US54466HJJ68"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark</name>
        <lei>N/A</lei>
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          <isin value="US181012BY03"/>
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        <valUSD>385430.81000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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          <isin value="US592112RL23"/>
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        <balance>445000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
        <title>Central Puget Sound Regional Transit Authority, Series 2016S-1</title>
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          <isin value="US155048CZ29"/>
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        <balance>585000.00000000</balance>
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        <valUSD>598248.26000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>State of North Carolina</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Resources Authority</name>
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        <name>State of Utah</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut Special Tax</name>
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          <isin value="US207758ZN66"/>
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        <name>City &amp; County of Denver</name>
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        <name>Arizona Board of Regents</name>
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        <name>County of Guilford</name>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
        <lei>N/A</lei>
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          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
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        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series C</title>
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          <isin value="US167593C345"/>
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        <curCd>USD</curCd>
        <valUSD>108015.11000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Long Beach Unified School District</name>
        <lei>N/A</lei>
        <title>Long Beach Unified School District, Series D-1</title>
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          <isin value="US542433QB64"/>
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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>2027-08-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
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          <isin value="US68609BZV25"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Austin</name>
        <lei>IW10PQVTU7HKS3JMW253</lei>
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          <isin value="US052397DL79"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>509381.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Columbus</name>
        <lei>N/A</lei>
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          <isin value="US199492VX43"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Austin</name>
        <lei>N/A</lei>
        <title>City of Austin Water &amp; Wastewater System, Series 2021</title>
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          <isin value="US052477MG86"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120507.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Hennepin</name>
        <lei>254900YDNULMQREFAU43</lei>
        <title>County of Hennepin, Series 2018A</title>
        <cusip>425507GK0</cusip>
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          <isin value="US425507GK07"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>493719.26000000</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>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Broward Water &amp; Sewer Utility</name>
        <lei>N/A</lei>
        <title>County of Broward Water &amp; Sewer Utility, Series B</title>
        <cusip>115117LN1</cusip>
        <identifiers>
          <isin value="US115117LN14"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>181296.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority, Series 2023B-2</title>
        <cusip>89602RKZ7</cusip>
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          <isin value="US89602RKZ72"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110267.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Series 2016A</title>
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        <identifiers>
          <isin value="US8827234K26"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208554.91000000</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>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of New Jersey</name>
        <lei>N/A</lei>
        <title>State of New Jersey</title>
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          <isin value="US646039VF11"/>
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        <balance>145000.00000000</balance>
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        <valUSD>145169.69000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Series 2017E</title>
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          <isin value="US60412AKP74"/>
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        <balance>100000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority, Series 2016B</title>
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          <isin value="US67765QCN43"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Health Educational and Housing Facility Board of the City of Memphis (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Portland Community College District</name>
        <lei>N/A</lei>
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          <isin value="US736688KS04"/>
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        <balance>405000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Plano Independent School District</name>
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          <isin value="US727199XJ50"/>
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        <balance>175000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-02-15</maturityDt>
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      <invstOrSec>
        <name>City of Atlanta</name>
        <lei>549300GHLQ0J51NUBM84</lei>
        <title>City of Atlanta, Series 2022A-1</title>
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          <isin value="US047772H688"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225838.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Northeast Ohio Regional Sewer District</name>
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        <name>State of Georgia</name>
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        <name>Wisconsin Department of Transportation</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>City of New York</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Delaware Transportation Authority</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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>
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          <isin value="US5446467K26"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Foothill-De Anza Community College District</name>
        <lei>N/A</lei>
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          <isin value="US345102DR51"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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      <invstOrSec>
        <name>Oklahoma Turnpike Authority</name>
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          <isin value="US679111YY41"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>795562.38000000</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>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of King</name>
        <lei>N/A</lei>
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          <isin value="US4952894F40"/>
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        <balance>880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>895831.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Building Aid, Series S-1</title>
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          <isin value="US64972HZP09"/>
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        <balance>380000.00000000</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>2029-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13062PBK75"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170595.73000000</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>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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          <isin value="US3411502F67"/>
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        <curCd>USD</curCd>
        <valUSD>297070.72000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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      <invstOrSec>
        <name>County of Miami-Dade</name>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104146.76000000</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>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Klein Independent School District</name>
        <lei>N/A</lei>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413618.04000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2023QRR</title>
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        <balance>550000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Health Care Facilities Authority</name>
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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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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US60412AGR86"/>
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        <balance>265000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Foothill-De Anza Community College District</name>
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          <isin value="US345102BE66"/>
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        <balance>750000.00000000</balance>
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        <valUSD>700109.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US677523AX04"/>
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        <balance>585000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Building Aid, Series 2018S-4A</title>
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          <isin value="US64972HF569"/>
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        <balance>150000.00000000</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>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest, Series 2018C</title>
        <cusip>29270C2F1</cusip>
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          <isin value="US29270C2F12"/>
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        <balance>505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>526601.32000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Keller Independent School District</name>
        <lei>549300BS0JDJPR8KUN68</lei>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>377693.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
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          <isin value="US49151FNL03"/>
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        <curCd>USD</curCd>
        <valUSD>409435.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chattanooga</name>
        <lei>N/A</lei>
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          <isin value="US162393EK47"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296170.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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="US13063DBT46"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616307.33000000</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>Oklahoma Turnpike Authority</name>
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          <isin value="US679111YG35"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>129149.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Minnesota</name>
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          <isin value="US60412AKC61"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>219978.21000000</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>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series R-2020C</title>
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        <identifiers>
          <isin value="US93974EHD13"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266180.81000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax, Series 2021C</title>
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          <isin value="US207758E417"/>
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        <balance>135000.00000000</balance>
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        <valUSD>139147.81000000</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>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Nevada</name>
        <lei>N/A</lei>
        <title>State of Nevada, Series 2019A</title>
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          <isin value="US641462FM35"/>
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        <balance>285000.00000000</balance>
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        <valUSD>296520.07000000</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>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2020B</title>
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          <isin value="US67766WZT25"/>
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        <balance>210000.00000000</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>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772KRS05"/>
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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>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772JD252"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240907.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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          <isin value="US71883MJT27"/>
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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>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
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          <isin value="US68609B7M37"/>
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        <balance>105000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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          <isin value="US542691CE80"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority, Series 2019A</title>
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          <isin value="US677660UV21"/>
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        <balance>225000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Series 2020DD-2</title>
        <cusip>64972GWH3</cusip>
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          <isin value="US64972GWH37"/>
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        <balance>840000.00000000</balance>
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        <name>San Marcos Unified School District</name>
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        <name>State of Georgia</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>State of Hawaii</name>
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        <name>County of Henrico</name>
        <lei>N/A</lei>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>City of Austin</name>
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          <maturityDt>2028-11-15</maturityDt>
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        <name>County of Hamilton</name>
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        <name>County of Clark Department of Aviation</name>
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        <name>State of Nevada Highway Improvement</name>
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        <name>Port of Seattle</name>
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        <name>State of Florida</name>
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        <name>Energy Northwest</name>
        <lei>N/A</lei>
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        <name>City &amp; County of Denver</name>
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        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2027-06-15</maturityDt>
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        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <name>City of Virginia Beach</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Empire State Development Corp.</name>
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        <name>Indiana Finance Authority</name>
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        <name>New York State Environmental Facilities Corp.</name>
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      <invstOrSec>
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        <name>State of Florida Department of Transportation</name>
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        <name>State of Wisconsin</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Massachusetts</name>
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        <name>City of Philadelphia Water &amp; Wastewater</name>
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          <maturityDt>2027-11-01</maturityDt>
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        <name>San Antonio Water System</name>
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        <name>Northside Independent School District</name>
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        <name>District of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</name>
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        <name>State of Illinois</name>
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        <name>Alaska Housing Finance Corp.</name>
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          <maturityDt>2027-12-01</maturityDt>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>Ohio Water Development Authority</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Temple University-of The Commonwealth System of Higher Education</name>
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        <name>Southern California Public Power Authority</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>City of Danbury</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Energy Northwest</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>State of Georgia</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>County of Johnson</name>
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      <invstOrSec>
        <name>Minnesota Public Facilities Authority State Revolving Fund</name>
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        <name>Indiana Finance Authority</name>
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        <name>State of North Carolina</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>City of Durham</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
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        <name>San Jose Unified School District</name>
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        <name>Denver City &amp; County School District No. 1</name>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582RB969"/>
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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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        <fairValLevel>2</fairValLevel>
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        <name>State of Georgia</name>
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          <isin value="US373385BH55"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Health Facilities Financing Authority</name>
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          <isin value="US13032UMR67"/>
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        <balance>780000.00000000</balance>
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        <name>Conroe Independent School District</name>
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          <maturityDt>2027-02-15</maturityDt>
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        <name>County of Wake</name>
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        <balance>215000.00000000</balance>
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          <maturityDt>2027-03-01</maturityDt>
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        <name>Los Angeles Unified School District</name>
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        <balance>690000.00000000</balance>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
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          <isin value="US605581JL25"/>
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        <balance>655000.00000000</balance>
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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>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Gwinnett County Water &amp; Sewerage Authority</name>
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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>New Jersey Infrastructure Bank</name>
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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Wastewater System</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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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
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          <isin value="US271014YU07"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Wake</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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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clark County School District</name>
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        <balance>140000.00000000</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>2027-06-15</maturityDt>
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        <name>San Antonio Independent School District</name>
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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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        <name>University of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <name>Fremont Unified School District</name>
        <lei>N/A</lei>
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        <balance>275000.00000000</balance>
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        <name>Pasadena Area Community College District</name>
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        <balance>400000.00000000</balance>
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        <name>Carlsbad Unified School District</name>
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        <name>County of Clark</name>
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        <name>Virginia College Building Authority</name>
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        <name>New York State Housing Finance Agency</name>
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        <invCountry>US</invCountry>
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        <name>Michigan State University</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
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        <name>New York City Transitional Finance Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
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          <isin value="US812643NL43"/>
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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>2027-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602HEX17"/>
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        <balance>195000.00000000</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>2027-11-15</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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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        <balance>495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>517704.02000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Dallas Area Rapid Transit</name>
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        <name>State of Iowa</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Long Island Power Authority</name>
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        <name>County of Anne Arundel</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>State of Minnesota</name>
        <lei>N/A</lei>
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        <name>City of Houston</name>
        <lei>N/A</lei>
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        <name>Regents of the University of California Medical Center Pooled</name>
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        <name>University of California</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Maine Municipal Bond Bank</name>
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        <name>Los Angeles Community College District</name>
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      <invstOrSec>
        <name>City of Tacoma</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of King</name>
        <lei>N/A</lei>
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          <isin value="US495290BK30"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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          <isin value="US646140BW28"/>
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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 Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452152G881"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Contra Costa Sanitary District</name>
        <lei>N/A</lei>
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          <isin value="US15324XBH61"/>
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        <balance>50000.00000000</balance>
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        <valUSD>52604.24000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maine Turnpike Authority</name>
        <lei>N/A</lei>
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          <isin value="US560551RF26"/>
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        <valUSD>161593.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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          <isin value="US13063C4P23"/>
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        <balance>750000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California Department of Water Resources</name>
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          <isin value="US13067WNT52"/>
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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>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series D</title>
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          <isin value="US13068LN507"/>
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        <balance>290000.00000000</balance>
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        <valUSD>301161.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fremont Union High School District</name>
        <lei>N/A</lei>
        <title>Fremont Union High School District, Series 2019A</title>
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          <isin value="US357172ZJ71"/>
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        <balance>75000.00000000</balance>
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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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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <title>Metropolitan Government of Nashville &amp; Davidson County, Series 2024A</title>
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          <isin value="US592030P790"/>
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        <balance>180000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County School District</name>
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        <balance>600000.00000000</balance>
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        <name>Las Vegas Valley Water District</name>
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          <isin value="US517845EU36"/>
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      <invstOrSec>
        <name>West Virginia Lottery Excess Lottery</name>
        <lei>N/A</lei>
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        <cusip>95639DLQ1</cusip>
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          <isin value="US95639DLQ15"/>
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        <balance>335000.00000000</balance>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151FVM93"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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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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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Massachusetts Bay Transportation Authority Sales Tax, Series 2017A-2</title>
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          <isin value="US575579C548"/>
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        <balance>155000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <name>Georgia Ports Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Santa Fe NM</name>
        <lei>N/A</lei>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Auburn University</name>
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          <isin value="US050589RM41"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
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          <isin value="US452252PD55"/>
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        <valUSD>563543.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Baltimore</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Springdale Public Facilities Board</name>
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          <isin value="US85025WAK71"/>
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        <valUSD>460675.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York</name>
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        <balance>330000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Columbia</name>
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          <isin value="US197460FJ27"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>State of Florida Lottery</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Commonwealth of Massachusetts Federal Highway Grant Anticipation Note</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>County of Miami-Dade</name>
        <lei>549300QG0NBD9HULR263</lei>
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        <invCountry>US</invCountry>
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        <name>State of South Carolina</name>
        <lei>N/A</lei>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Miami Beach</name>
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        <name>County of Clark</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisville</name>
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          <isin value="US546585VE79"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Louisiana</name>
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          <isin value="US546417BG00"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of West Virginia</name>
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          <isin value="US956553ZZ79"/>
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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>Florida Insurance Assistance Interlocal Agency, Inc.</name>
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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>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US64990C4P33"/>
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        <balance>465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484470.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
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        <balance>800000.00000000</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>County of Fairfax</name>
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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>2027-07-15</maturityDt>
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        <name>State of Florida Lottery</name>
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        <title>State of Florida Lottery, Series 2016A</title>
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        <balance>473000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California Department of Water Resources</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Unified School District</name>
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        <name>University of Nebraska Facilities Corp. (The)</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Arizona Board of Regents</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <name>San Mateo County Community College District</name>
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        <name>California State Public Works Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204EXX11"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>Milwaukee Metropolitan Sewerage District</name>
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          <maturityDt>2027-10-01</maturityDt>
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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>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Arlington Independent School District</name>
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        <name>City of Houston</name>
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          <maturityDt>2027-03-01</maturityDt>
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        <name>State of Georgia</name>
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        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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          <maturityDt>2027-06-01</maturityDt>
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        <name>State of Delaware</name>
        <lei>N/A</lei>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>Canyons School District Local Building Authority</name>
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        <name>New Jersey Turnpike Authority</name>
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      <invstOrSec>
        <name>Chicago Transit Authority Capital Grant Receipts</name>
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          <isin value="US167723HC28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York</name>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <name>District of Columbia</name>
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      <invstOrSec>
        <name>City of Columbus</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
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          <isin value="US54438CXC18"/>
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        <balance>190000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Atlanta Rapid Transit Authority</name>
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          <isin value="US591746AS13"/>
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        <fairValLevel>2</fairValLevel>
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        <name>California State Public Works Board</name>
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        <balance>520000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lake County School District No. 112 North Shore</name>
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          <isin value="US509076BT13"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
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        <lei>549300X3TODFMUKLQ364</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
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          <isin value="US8828544A70"/>
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        <name>Mountain View Los Altos Union High School District</name>
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        <name>City of Charlotte</name>
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        <name>Southern California Public Power Authority</name>
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        <name>Temple Independent School District</name>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>University of Washington</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>Fort Bend Independent School District</name>
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        <name>San Francisco Bay Area Rapid Transit District Sales Tax</name>
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        <name>Denton Independent School District</name>
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        <name>Chicago Midway International Airport</name>
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        <name>Hays Consolidated Independent School District</name>
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        <name>University of California</name>
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        <name>State of Louisiana</name>
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        <name>Pierce County School District No. 402 Franklin Pierce</name>
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        <name>Alabama Highway Finance Corp.</name>
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        <name>University of Connecticut</name>
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        <name>State of Kansas Department of Transportation</name>
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        <name>City of Lincoln NE Electric System Revenue</name>
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        <name>City &amp; County of Honolulu</name>
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        <name>State of Louisiana</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Metropolitan Council</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <name>University of North Texas System</name>
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        <name>County of Miami-Dade</name>
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        <name>San Jose Unified School District</name>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
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      <invstOrSec>
        <name>Alvin Independent School District</name>
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      <invstOrSec>
        <name>Modesto Irrigation District</name>
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      <invstOrSec>
        <name>San Diego County Regional Airport Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Michigan</name>
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          <isin value="US914455QQ61"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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          <isin value="US1675937P13"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Utah</name>
        <lei>254900RWV9NSVUZONC07</lei>
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          <isin value="US917542VH22"/>
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        <balance>170000.00000000</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>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver</name>
        <lei>N/A</lei>
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        <balance>350000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
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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>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261ADL89"/>
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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</name>
        <lei>5493003476LG35QAKM08</lei>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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          <isin value="US544525D968"/>
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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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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2015R-4</title>
        <cusip>797355Z72</cusip>
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        <name>Allegheny County Higher Education Building Authority</name>
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        <name>Northside Independent School District</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>University of California</name>
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        <name>Indiana University</name>
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      <invstOrSec>
        <name>City of Green Bay WI Water System Revenue</name>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Blount</name>
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        <name>Washington Suburban Sanitary Commission</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</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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        <name>County of Montgomery</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Charlotte</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Montgomery</name>
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        <name>State of Hawaii</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>School Board of Miami-Dade County (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
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        <name>Iowa Finance Authority</name>
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        <name>City of Huntsville</name>
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        <name>East Bay Municipal Utility District Water System</name>
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        <name>Clark County School District</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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      <invstOrSec>
        <name>Regional Transportation District</name>
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          <isin value="US75913TJK16"/>
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        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas A&amp;M University</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772J3W01"/>
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        <valUSD>174246.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <title>City of Phoenix Civic Improvement Corp., Series 2020A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of North Carolina</name>
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          <isin value="US6582562N10"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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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>Oregon City School District No. 62</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Pennsylvania</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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        <name>Nebraska Public Power District</name>
        <lei>5493001J0BLQRMOJKP23</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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        <name>State of Georgia</name>
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          <isin value="US373385AK93"/>
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          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Water Development Board</name>
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          <maturityDt>2027-04-15</maturityDt>
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        <name>King County School District No. 210 Federal Way</name>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <title>City of Phoenix Civic Improvement Corp., Series 2018A</title>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>Metropolitan Council</name>
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          <maturityDt>2027-03-01</maturityDt>
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      <invstOrSec>
        <name>County of Horry</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>University of Minnesota</name>
        <lei>N/A</lei>
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        <name>Mesquite Independent School District</name>
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        <name>Las Vegas Valley Water District</name>
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        <name>University of Washington</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Indiana Finance Authority</name>
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        <name>Harris County Flood Control District</name>
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        <balance>395000.00000000</balance>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>San Francisco Bay Area Rapid Transit District Sales Tax</name>
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        <name>Maine State Housing Authority</name>
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        <name>91 Express Lanes Toll Road</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Louisiana</name>
        <lei>N/A</lei>
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          <isin value="US546417CU84"/>
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        <curCd>USD</curCd>
        <valUSD>636051.14000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pasco County School Board</name>
        <lei>549300NYEDMC7IDJPE68</lei>
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          <isin value="US70253QAY52"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522505.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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 2015</title>
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          <isin value="US662903PS63"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135738.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City &amp; County Honolulu</name>
        <lei>N/A</lei>
        <title>City &amp; County Honolulu Wastewater System, Series B</title>
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        <identifiers>
          <isin value="US438701K373"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>488524.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>State of Maryland, Series 2018-2B</title>
        <cusip>574193QQ4</cusip>
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          <isin value="US574193QQ45"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172573.70000000</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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2016B</title>
        <cusip>605581HQ3</cusip>
        <identifiers>
          <isin value="US605581HQ30"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159452.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DB72</cusip>
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          <isin value="US13063DB724"/>
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        <balance>585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>613960.13000000</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>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
        <title>Austin Independent School District, Series 2022B</title>
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          <isin value="US052430UQ64"/>
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        <balance>660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>689381.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Greenville County School District</name>
        <lei>N/A</lei>
        <title>Greenville County School District, Series 2023</title>
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          <isin value="US396066JF07"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>535190.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990AMC6</cusip>
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          <isin value="US64990AMC61"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>534626.70000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water &amp; Power Water System, Series 2020B</title>
        <cusip>544525ZM3</cusip>
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          <isin value="US544525ZM32"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>301499.34000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Building Aid, Series 2019S-3A</title>
        <cusip>64972HX49</cusip>
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          <isin value="US64972HX497"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>417397.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Bexar</name>
        <lei>N/A</lei>
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          <isin value="US088281VT49"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1002288.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, Series 2017A</title>
        <cusip>546417AL0</cusip>
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          <isin value="US546417AL04"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>227129.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>City of Houston</name>
        <lei>N/A</lei>
        <title>City of Houston Combined Utility System, Series 1998A</title>
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          <isin value="US4424366C00"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196655.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
        <lei>54930034DVH6W22T1E86</lei>
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        <cusip>725304TV1</cusip>
        <identifiers>
          <isin value="US725304TV15"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161851.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2023A</title>
        <cusip>66285WM78</cusip>
        <identifiers>
          <isin value="US66285WM783"/>
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        <balance>500000.00000000</balance>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>Oklahoma Industries Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Kansas Department of Transportation</name>
        <lei>5493001635XK841MIO47</lei>
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          <isin value="US485424QH12"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Vermont</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Miami-Dade</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Boston</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Baltimore</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County Public Utility District No. 1 Electric Revenue</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>County of Harris</name>
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        <name>Texas Water Development Board</name>
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        <name>City of Seattle</name>
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        <name>State of Colorado</name>
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        <name>District of Columbia Income Tax</name>
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        <name>Riverside Unified School District</name>
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        <name>Trinity River Authority Denton Creek Wastewater Treatment System</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>County of Johnston</name>
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        <name>Iowa Finance Authority</name>
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        <name>San Mateo County Community College District</name>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Thruway Authority</name>
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        <name>State of Minnesota</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
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          <isin value="US452153FR51"/>
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        <fairValLevel>2</fairValLevel>
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        <name>University of Alabama (The)</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Alpine School District</name>
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        <name>City of Charleston</name>
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        <name>Texas Tech University System</name>
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        <name>City of New York</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Francisco County Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>San Francisco County Transportation Authority Sales Tax, Series 2017</title>
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          <isin value="US79773TAK16"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Aviation</name>
        <lei>N/A</lei>
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          <isin value="US592647GX34"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
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          <isin value="US594654SQ92"/>
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        <balance>120000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</annualizedRt>
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      <invstOrSec>
        <name>County of Mecklenburg</name>
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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>Commonwealth of Massachusetts</name>
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          <isin value="US57582RWJ12"/>
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        <balance>440000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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      <invstOrSec>
        <name>Municipal Improvement Corp. of Los Angeles</name>
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          <isin value="US544587G516"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Pennsylvania</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Transportation Trust Fund Metropolitan Highway System</name>
        <lei>N/A</lei>
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        <balance>400000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>City of Omaha</name>
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        <name>Orange County School Board</name>
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        <name>State of California</name>
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        <name>State of Oregon Department of Transportation</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>State of Hawaii</name>
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        <name>County of Shelby</name>
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        <name>County of Anne Arundel</name>
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        <name>City of Colorado Springs CO Utilities System Revenue</name>
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        <name>State of Georgia</name>
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        <name>State of Washington</name>
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        <name>Water Works Board of the City of Birmingham (The)</name>
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        <name>City of Colorado Springs</name>
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      <invstOrSec>
        <name>Virginia Public Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
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        <name>State of Wisconsin</name>
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        <name>King County School District No. 403 Renton</name>
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        <name>Texas Water Development Board</name>
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          <maturityDt>2027-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oregon State Lottery</name>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Portland Community College District</name>
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        <name>County of Mecklenburg</name>
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        <name>Delaware Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>City of Gainesville FL Utilities System Revenue</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>City of Charleston</name>
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        <name>Permanent University Fund - Texas A&amp;M University System</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>Massachusetts Water Resources Authority, Series B</title>
        <cusip>576051RC2</cusip>
        <identifiers>
          <isin value="US576051RC20"/>
          <other otherDesc="Inhouse Asset ID" value="576051RC2"/>
        </identifiers>
        <balance>135000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140799.21000000</valUSD>
        <pctVal>0.026977387034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Series 2017</title>
        <cusip>13063C5X4</cusip>
        <identifiers>
          <isin value="US13063C5X48"/>
          <other otherDesc="Inhouse Asset ID" value="13063C5X4"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50345.15000000</valUSD>
        <pctVal>0.009646223134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2025B</title>
        <cusip>20772KB81</cusip>
        <identifiers>
          <isin value="US20772KB817"/>
          <other otherDesc="Inhouse Asset ID" value="20772KB81"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>261893.83000000</valUSD>
        <pctVal>0.050179338463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured, Series 2018B-1</title>
        <cusip>64971XCH9</cusip>
        <identifiers>
          <isin value="US64971XCH98"/>
          <other otherDesc="Inhouse Asset ID" value="64971XCH9"/>
        </identifiers>
        <balance>270000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>281966.21000000</valUSD>
        <pctVal>0.054025243308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Richmond</name>
        <lei>N/A</lei>
        <title>City of Richmond, Series 2017B</title>
        <cusip>76541VRW9</cusip>
        <identifiers>
          <isin value="US76541VRW99"/>
          <other otherDesc="Inhouse Asset ID" value="76541VRW9"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>208072.14000000</valUSD>
        <pctVal>0.039867003884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
        <title>Texas State University System, Series 2017A</title>
        <cusip>88278PYK4</cusip>
        <identifiers>
          <isin value="US88278PYK47"/>
          <other otherDesc="Inhouse Asset ID" value="88278PYK4"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>359422.91000000</valUSD>
        <pctVal>0.068866089179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2021A</title>
        <cusip>452153BR9</cusip>
        <identifiers>
          <isin value="US452153BR97"/>
          <other otherDesc="Inhouse Asset ID" value="452153BR9"/>
        </identifiers>
        <balance>405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>419284.96000000</valUSD>
        <pctVal>0.080335767820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Series B</title>
        <cusip>8827236X2</cusip>
        <identifiers>
          <isin value="US8827236X29"/>
          <other otherDesc="Inhouse Asset ID" value="8827236X2"/>
        </identifiers>
        <balance>290000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>301999.27000000</valUSD>
        <pctVal>0.057863614369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water &amp; Power Water System, Series 2023A</title>
        <cusip>544525Q92</cusip>
        <identifiers>
          <isin value="US544525Q929"/>
          <other otherDesc="Inhouse Asset ID" value="544525Q92"/>
        </identifiers>
        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>314093.70000000</valUSD>
        <pctVal>0.060180929353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>State of Oregon, Series F</title>
        <cusip>68609BSL2</cusip>
        <identifiers>
          <isin value="US68609BSL26"/>
          <other otherDesc="Inhouse Asset ID" value="68609BSL2"/>
        </identifiers>
        <balance>205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>208512.02000000</valUSD>
        <pctVal>0.039951285699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Series 2017MI</title>
        <cusip>59447TPK3</cusip>
        <identifiers>
          <isin value="US59447TPK33"/>
          <other otherDesc="Inhouse Asset ID" value="59447TPK3"/>
        </identifiers>
        <balance>120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124058.44000000</valUSD>
        <pctVal>0.023769824779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>Missouri Joint Municipal Electric Utility Commission, Series 2025</title>
        <cusip>606092PZ1</cusip>
        <identifiers>
          <isin value="US606092PZ13"/>
          <other otherDesc="Inhouse Asset ID" value="606092PZ1"/>
        </identifiers>
        <balance>380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>397419.01000000</valUSD>
        <pctVal>0.076146211671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series 2018C</title>
        <cusip>13068L2P9</cusip>
        <identifiers>
          <isin value="US13068L2P90"/>
          <other otherDesc="Inhouse Asset ID" value="13068L2P9"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>157242.90000000</valUSD>
        <pctVal>0.030128028216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>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>
