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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority, Series XI</title>
        <cusip>92818JBV8</cusip>
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          <isin value="US92818JBV89"/>
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        <balance>2745000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2858197.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
        <title>Austin Independent School District, Series 2022B</title>
        <cusip>052430UR4</cusip>
        <identifiers>
          <isin value="US052430UR48"/>
          <other otherDesc="Inhouse Asset ID" value="052430UR4"/>
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        <balance>6900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7329366.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <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 2019S-3A</title>
        <cusip>64972HW99</cusip>
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          <isin value="US64972HW994"/>
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        <balance>1285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1287966.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Kansas City</name>
        <lei>549300EGAE3I3XU7XE19</lei>
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          <isin value="US485106RX81"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150624.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2022A</title>
        <cusip>373385KA0</cusip>
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          <isin value="US373385KA02"/>
          <other otherDesc="Inhouse Asset ID" value="373385KA0"/>
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        <balance>21185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22159126.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US677522XM19"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>228797.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series 2018A</title>
        <cusip>677522YQ1</cusip>
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          <isin value="US677522YQ14"/>
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        <balance>8020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8130769.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Public Facilities Authority State Revolving Fund</name>
        <lei>N/A</lei>
        <title>Minnesota Public Facilities Authority State Revolving Fund, Series 2016A</title>
        <cusip>604115CH6</cusip>
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          <isin value="US604115CH67"/>
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        <balance>1910000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1942046.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc., Series 2023A</title>
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          <isin value="US02765URN62"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>310047.45000000</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>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Atlanta Department of Aviation</name>
        <lei>N/A</lei>
        <title>City of Atlanta Department of Aviation, Series 2020A</title>
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          <isin value="US04780MWY10"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1022414.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
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        <cusip>89602RCC7</cusip>
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          <isin value="US89602RCC79"/>
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        <balance>5530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5577845.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Hennepin</name>
        <lei>254900YDNULMQREFAU43</lei>
        <title>County of Hennepin, Series 2019B</title>
        <cusip>425507HG8</cusip>
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          <isin value="US425507HG85"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89619.01000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Connecticut</name>
        <lei>N/A</lei>
        <title>University of Connecticut, Series 2016A</title>
        <cusip>914233F48</cusip>
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          <isin value="US914233F487"/>
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        <balance>3010000.00000000</balance>
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        <valUSD>3048363.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Dallas</name>
        <lei>N/A</lei>
        <title>City of Dallas, Series 2024A</title>
        <cusip>235219WC2</cusip>
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          <isin value="US235219WC25"/>
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        <balance>1015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1085949.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Series C</title>
        <cusip>13063DDP0</cusip>
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          <isin value="US13063DDP06"/>
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        <balance>940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>943403.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2019A</title>
        <cusip>20772KFU8</cusip>
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          <isin value="US20772KFU88"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108940.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2019A</title>
        <cusip>57582RWH5</cusip>
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          <isin value="US57582RWH55"/>
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        <balance>1040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1052585.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System</name>
        <lei>N/A</lei>
        <title>Trinity River Authority Central Regional Wastewater System, Series 2022</title>
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        <curCd>USD</curCd>
        <valUSD>1364517.86000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Arizona Transportation Board</name>
        <lei>N/A</lei>
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          <isin value="US040649MT97"/>
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        <balance>885000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>886455.74000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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          <isin value="US71883RNP46"/>
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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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland</name>
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          <isin value="US574193RR19"/>
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        <balance>6695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7147382.49000000</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
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          <isin value="US92818HQW42"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133242.09000000</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
        <lei>549300GW8FVQJ3DU6O10</lei>
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          <isin value="US592112TC06"/>
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        <balance>645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>660089.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Minnesota Public Facilities Authority State Revolving Fund</name>
        <lei>N/A</lei>
        <title>Minnesota Public Facilities Authority State Revolving Fund, Series 2016A</title>
        <cusip>604115CL7</cusip>
        <identifiers>
          <isin value="US604115CL79"/>
          <other otherDesc="Inhouse Asset ID" value="604115CL7"/>
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        <balance>4750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4818575.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania, Series 2019</title>
        <cusip>70914PP97</cusip>
        <identifiers>
          <isin value="US70914PP979"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5118591.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Atlanta Water &amp; Wastewater</name>
        <lei>N/A</lei>
        <title>City of Atlanta Water &amp; Wastewater, Series 2018B</title>
        <cusip>047870QB9</cusip>
        <identifiers>
          <isin value="US047870QB98"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1033420.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Snohomish</name>
        <lei>254900GIDXGQFYCOA089</lei>
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          <isin value="US833086DX66"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1547653.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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          <isin value="US626207Q495"/>
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        <balance>9845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10055166.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority, Series 2025B</title>
        <cusip>92818HK42</cusip>
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          <isin value="US92818HK420"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10463132.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series Q</title>
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          <isin value="US6500092N29"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10741424.00000000</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>School District of Broward County</name>
        <lei>5493006KVNQDJ1D0OD92</lei>
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          <isin value="US115065YC22"/>
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        <balance>915000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>916202.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series FH</title>
        <cusip>419792MG8</cusip>
        <identifiers>
          <isin value="US419792MG85"/>
          <other otherDesc="Inhouse Asset ID" value="419792MG8"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281851.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2022B</title>
        <cusip>452153DG1</cusip>
        <identifiers>
          <isin value="US452153DG15"/>
          <other otherDesc="Inhouse Asset ID" value="452153DG1"/>
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        <balance>4245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4365718.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <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 2023E-1</title>
        <cusip>64971X4P0</cusip>
        <identifiers>
          <isin value="US64971X4P05"/>
          <other otherDesc="Inhouse Asset ID" value="64971X4P0"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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          <isin value="US20772KFW45"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California State University</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California Department of Water Resources</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Georgia State Road &amp; Tollway Authority</name>
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        <name>Empire State Development Corp.</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>District of Columbia</name>
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        <name>State of Maine</name>
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        <name>State of Connecticut</name>
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        <name>Delaware River Joint Toll Bridge Commission</name>
        <lei>549300N6IGAQMI0JLE23</lei>
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        <name>Dallas College</name>
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        <name>Ohio State University (The)</name>
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        <name>New Mexico Finance Authority</name>
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        <name>Wisconsin Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>City of Garland Electric Utility System</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Fort Bend Independent School District</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
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        <name>City of St Louis</name>
        <lei>N/A</lei>
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        <name>State of Illinois</name>
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        <name>Port of Seattle</name>
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        <name>Metropolitan St Louis Sewer District</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>University of Colorado</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>Clark County School District</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Alabama Public School and College Authority</name>
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        <name>City of Columbus</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Bay Transportation Authority Assessment</name>
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          <isin value="US575577ND95"/>
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        <name>Katy Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Virginia Resources Authority</name>
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        <name>Ohio Water Development Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County School District</name>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Harris</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Seattle</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Cook</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Alabama Corrections Institution Finance Authority</name>
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        <name>San Francisco Bay Area Rapid Transit District</name>
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        <invCountry>US</invCountry>
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        <name>Rhode Island Commerce Corp.</name>
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        <name>New York City Transitional Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Ohio</name>
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          <isin value="US677581JR28"/>
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        <balance>2500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Hawaii Airports System</name>
        <lei>N/A</lei>
        <title>State of Hawaii Airports System, Series 2018D</title>
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          <isin value="US419794B438"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1078227.30000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <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>Metropolitan Transportation Authority</name>
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        <valUSD>3570505.34000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Washington</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of Williamson</name>
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          <isin value="US9698876C72"/>
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        <curCd>USD</curCd>
        <valUSD>1526996.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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          <isin value="US64990FZE77"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Wisconsin</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>North Texas Tollway Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia Income Tax</name>
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          <isin value="US25477GSD87"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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          <isin value="US452252MG14"/>
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        <balance>1835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1920859.10000000</valUSD>
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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>Orlando Utilities Commission</name>
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          <isin value="US686507JQ88"/>
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        <balance>1275000.00000000</balance>
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        <valUSD>1139631.59000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
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          <annualizedRt>1.25000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <balance>680000.00000000</balance>
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          <maturityDt>2026-09-15</maturityDt>
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        <name>Texas Water Development Board</name>
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        <name>Commonwealth of Massachusetts</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2018A</title>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Arizona Department of Transportation State Highway Fund</name>
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        <name>Kentucky Turnpike Authority</name>
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        <name>Empire State Development Corp.</name>
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        <name>Indiana Finance Authority</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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      <invstOrSec>
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        <name>San Francisco Community College District</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia Income Tax</name>
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        <name>Gretna Public Schools</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Sales Tax Securitization Corp.</name>
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      <invstOrSec>
        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>State of Maine</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2029-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Omaha School District</name>
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          <isin value="US259291NE82"/>
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        <balance>1630000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Gwinnett County Water &amp; Sewerage Authority</name>
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          <isin value="US403760KC42"/>
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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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      <invstOrSec>
        <name>Regional Transportation District Sales Tax</name>
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        <title>Regional Transportation District Sales Tax, Series 2023A</title>
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          <isin value="US759136VQ45"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5258486.00000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974EJ981"/>
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        <balance>9575000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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          <isin value="US452252LN73"/>
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        <balance>2850000.00000000</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>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461362B62"/>
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        <curCd>USD</curCd>
        <valUSD>1486522.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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          <isin value="US64972GWV21"/>
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        <curCd>USD</curCd>
        <valUSD>705508.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Great Lakes Water Authority Sewage Disposal System</name>
        <lei>N/A</lei>
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        <cusip>39081HBZ4</cusip>
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          <isin value="US39081HBZ47"/>
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        <balance>8045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8657287.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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 2016A</title>
        <cusip>010268BA7</cusip>
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          <isin value="US010268BA78"/>
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        <balance>15040000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452152H202"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago Midway International Airport</name>
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        <balance>2770000.00000000</balance>
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          <maturityDt>2028-01-01</maturityDt>
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        <name>Sun Prairie Area School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Cabarrus</name>
        <lei>549300HVGPJDNBDPZV71</lei>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1354422.75000000</valUSD>
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        <name>West Virginia Parkways Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Round Rock Independent School District</name>
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        <balance>3255000.00000000</balance>
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        <name>State of Connecticut Special Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Hamilton</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Garland Independent School District</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>BlackRock Liquidity Funds</name>
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        <name>State of Oregon Department of Transportation</name>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <name>City of Raleigh</name>
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        <name>Delaware River Port Authority</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Las Vegas Valley Water District</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>Texas State University System</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Seattle</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>Virginia Public School Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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        <valUSD>1437309.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
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          <isin value="US6775222R42"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Virginia College Building Authority</name>
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        <name>State of Wisconsin</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <invCountry>US</invCountry>
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        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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        <name>Bay Area Toll Authority</name>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>State of Maryland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>State of New Jersey</name>
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        <name>City of Chicago Waterworks</name>
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        <name>California State Public Works Board</name>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <name>County of Montgomery</name>
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        <name>City of New York</name>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <name>County of Prince George's</name>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>Tarrant Regional Water District Water Supply System</name>
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        <name>County of Hamilton Sewer System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Intermountain Power Agency</name>
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          <isin value="US45884AA293"/>
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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>County of Howard</name>
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          <isin value="US44256PHB22"/>
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        <balance>5000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Nebraska Public Power District</name>
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        <balance>185000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Minnesota</name>
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        <balance>765000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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          <maturityDt>2040-08-01</maturityDt>
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        <name>New York City Transitional Finance Authority</name>
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        <name>California State Public Works Board</name>
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        <name>City of Cincinnati</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Lewisville Independent School District</name>
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        <name>Denver City &amp; County School District No. 1</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>University of Arizona (The)</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Gwinnett County School District</name>
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        <name>Illinois Finance Authority</name>
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        <name>Boulder Larimer &amp; Weld Counties St Vrain Valley School District Re1J</name>
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        <name>Purdue University</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>New York State Environmental Facilities Corp.</name>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Harris</name>
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      <invstOrSec>
        <name>City of Portland</name>
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        <name>City of Portland</name>
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        <name>County of Hennepin</name>
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        <name>Clark County School District</name>
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        <name>State of Georgia</name>
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        <name>State of New Mexico</name>
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        <name>City of Austin Electric Utility</name>
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        <name>Multnomah County School District No. 1J Portland</name>
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        <name>Multnomah County School District No. 7 Reynolds</name>
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      <invstOrSec>
        <name>Austin Independent School District</name>
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      <invstOrSec>
        <name>County of Richland</name>
        <lei>N/A</lei>
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        <name>City of New York</name>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>State of Minnesota</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lamar Consolidated Independent School District</name>
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        <name>City of Cleveland</name>
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        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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        <name>Washington Suburban Sanitary Commission</name>
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        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
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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>
      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
        <title>Lewisville Independent School District, Series 2024</title>
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          <isin value="US52882PFQ63"/>
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        <balance>2670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2887018.40000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of San Francisco</name>
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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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      <invstOrSec>
        <name>Massachusetts Clean Water Trust (The)</name>
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          <isin value="US57605AFK79"/>
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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>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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          <isin value="US20772KHM45"/>
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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>2026-01-15</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="US13063DHL55"/>
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        <balance>8455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8854445.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Council</name>
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          <isin value="US591852Z508"/>
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        <balance>2780000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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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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        <name>State of Texas</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Piedmont Municipal Power Agency</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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        <name>New York State Thruway Authority</name>
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        <name>County of Wake</name>
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          <isin value="US930876HY69"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <invCountry>US</invCountry>
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        <name>County of Charleston</name>
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        <balance>3000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2020A</title>
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        <balance>730000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>City of Garland Electric Utility System</name>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Florida Municipal Power Agency</name>
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      <invstOrSec>
        <name>Coppell Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <name>Virginia Public Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Cook</name>
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        <name>State of California</name>
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        <name>University of Minnesota</name>
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        <name>City of San Antonio</name>
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        <name>State of California</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>State of California</name>
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        <name>Michigan State Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charleston Educational Excellence Finance Corp.</name>
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          <isin value="US160131EL88"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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          <isin value="US207758UA90"/>
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      <invstOrSec>
        <name>Omaha Public Power District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Municipal Power Agency No. 1</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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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151FTE06"/>
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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>New York City Transitional Finance Authority Future Tax Secured</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-02-01</maturityDt>
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          <annualizedRt>3.00000070</annualizedRt>
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        <name>Ohio Water Development Authority</name>
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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 Future Tax Secured</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Long Island Power Authority</name>
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        <name>County of Forsyth</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Virginia Public Building Authority</name>
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        <name>County of Harris</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Austin Independent School District</name>
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        <name>City of New York</name>
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        <name>Energy Northwest</name>
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        <name>Texas Tech University System</name>
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        <name>State of Washington</name>
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        <name>Washington Suburban Sanitary Commission</name>
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        <name>Arlington Independent School District</name>
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        <name>State of Wisconsin</name>
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        <name>City of Charlotte</name>
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        <name>Dallas Independent School District</name>
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        <name>Palm Beach County School District</name>
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        <name>State of California Department of Water Resources</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Oklahoma</name>
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        <name>Conroe Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
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        <name>State of New Mexico</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Seattle WA Municipal Light &amp; Power Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Regional Transportation Authority</name>
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        <name>State of Connecticut</name>
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        <name>Alabama Public School and College Authority</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>King County School District No. 414 Lake Washington</name>
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        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Rhode Island Commerce Corp.</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District Water System, Series 2025B</title>
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          <isin value="US271014T851"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California Department of Water Resources</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Upper Arlington City School District</name>
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          <isin value="US915506MS51"/>
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        <balance>4125000.00000000</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>Washington Suburban Sanitary Commission</name>
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          <isin value="US9401574U17"/>
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        <balance>8980000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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          <isin value="US64711RMP81"/>
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        <balance>4870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5331787.04000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Germantown School District</name>
        <lei>N/A</lei>
        <title>Germantown School District, Series 2017A</title>
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          <isin value="US374100LA11"/>
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        <balance>6795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6951323.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2016F</title>
        <cusip>3733846G6</cusip>
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          <isin value="US3733846G68"/>
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        <balance>5000.00000000</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>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>Massachusetts Water Resources Authority, Series 2018C</title>
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          <isin value="US576051TG16"/>
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        <balance>1160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1163739.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WSH06"/>
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        <balance>1265000.00000000</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>2029-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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          <isin value="US452252PG86"/>
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        <balance>6295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6831291.82000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2024B</title>
        <cusip>57582R7G5</cusip>
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          <isin value="US57582R7G58"/>
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        <balance>3030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3275656.64000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax, Series 2020A</title>
        <cusip>207758ZM8</cusip>
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          <isin value="US207758ZM83"/>
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        <balance>2105000.00000000</balance>
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        <valUSD>2146042.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports, Series 2025D</title>
        <cusip>5444455Q8</cusip>
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          <isin value="US5444455Q86"/>
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        <balance>2195000.00000000</balance>
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        <valUSD>2370844.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
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        <balance>1415000.00000000</balance>
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          <maturityDt>2027-02-01</maturityDt>
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        <name>Arlington Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US041827AG15"/>
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        <name>State of Oregon Department of Transportation</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2019A</title>
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        <name>Energy Northwest</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand River Dam Authority</name>
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        <name>Auburn University</name>
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        <name>City of Austin Water &amp; Wastewater System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oregon State Lottery</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of Minnesota</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Lower Colorado River Authority</name>
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        <name>Denton Independent School District</name>
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        <name>Los Angeles Unified School District</name>
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        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
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        <name>University of Michigan</name>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Iowa Finance Authority</name>
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        <name>Denver City &amp; County School District No. 1</name>
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        <name>Energy Northwest</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>Austin Independent School District</name>
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        <name>Texas A&amp;M University</name>
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        <name>Massachusetts Transportation Trust Fund Metropolitan Highway System</name>
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        <name>Indiana Finance Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
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          <isin value="US842477TY73"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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        <cusip>54811BQN4</cusip>
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          <isin value="US54811BQN46"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Municipal Power Agency No. 1</name>
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          <isin value="US6582034L53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2021D</title>
        <cusip>20772KNP0</cusip>
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          <isin value="US20772KNP02"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334398.02000000</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>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Chester</name>
        <lei>N/A</lei>
        <title>County of Chester, Series 2016A</title>
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          <isin value="US165573G753"/>
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        <balance>1075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1086705.25000000</valUSD>
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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>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Austin Electric Utility</name>
        <lei>N/A</lei>
        <title>City of Austin Electric Utility, Series 2015A</title>
        <cusip>052414PG8</cusip>
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          <isin value="US052414PG89"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201777.46000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Series B</title>
        <cusip>13063CYE4</cusip>
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          <isin value="US13063CYE47"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>241325.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County Honolulu Wastewater System</name>
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        <title>City &amp; County Honolulu Wastewater System, Series 2019A</title>
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          <isin value="US438701S210"/>
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        <balance>1100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990AFY64"/>
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        <balance>775000.00000000</balance>
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        <valUSD>788506.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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          <isin value="US207758VN03"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority, Series 2015</title>
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          <isin value="US46246K2P61"/>
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        <balance>3170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3180324.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Illinois Sales Tax</name>
        <lei>N/A</lei>
        <title>State of Illinois Sales Tax, Series 2021C</title>
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          <isin value="US452227SA08"/>
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        <balance>435000.00000000</balance>
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        <valUSD>442519.89000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Baltimore</name>
        <lei>N/A</lei>
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        <balance>180000.00000000</balance>
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        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
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          <isin value="US882724FE21"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2016A</title>
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      <invstOrSec>
        <name>City of Garland</name>
        <lei>549300O5KXJ5HAWVEN53</lei>
        <title>City of Garland Electric Utility System, Series 2019A</title>
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        <balance>3890000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series 2022A</title>
        <cusip>677523EY4</cusip>
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        <balance>3375000.00000000</balance>
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        <valUSD>3376158.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>City of New York</name>
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        <name>State of Delaware</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Virginia College Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kentucky Turnpike Authority</name>
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        <name>State of Mississippi</name>
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        <name>Florida Department of Environmental Protection</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>University of Colorado</name>
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        <name>District of Columbia</name>
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        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia Income Tax</name>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Energy Northwest</name>
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        <name>Arlington Independent School District</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Grand River Dam Authority</name>
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        <name>County of Clark</name>
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        <name>State of West Virginia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>Round Rock Independent School District</name>
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        <name>Southern California Public Power Authority</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
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        <name>University of Washington</name>
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        <name>Alamo Community College District</name>
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        <name>County of Wake</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Michigan State University</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Texas Public Finance Authority</name>
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        <name>Georgia Ports Authority</name>
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        <name>State of Utah</name>
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        <name>Austin Independent School District</name>
        <lei>N/A</lei>
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        <name>Maryland State Transportation Authority</name>
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        <name>Santa Clara Valley Water District Safe Clean Water</name>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of California</name>
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        <name>Omaha Public Power District</name>
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        <name>University of Utah (The)</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Permanent University Fund - Texas A&amp;M University System</name>
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        <name>District of Columbia</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>State of Washington</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Utah</name>
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          <maturityDt>2027-07-01</maturityDt>
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      <invstOrSec>
        <name>Indiana University</name>
        <lei>B4CW783SY7V2XEFJSQ64</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Ohio</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of San Francisco</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>State of Minnesota</name>
        <lei>N/A</lei>
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        <name>County of Prince George's</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063CYJ34"/>
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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>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US6775223M46"/>
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        <balance>3370000.00000000</balance>
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        <valUSD>3389344.47000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
        <title>Las Vegas Valley Water District, Series 2022A</title>
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          <isin value="US517845MN01"/>
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        <valUSD>5550000.00000000</valUSD>
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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>City of Memphis</name>
        <lei>254900N4APYJWTAF5J46</lei>
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          <isin value="US586145R899"/>
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        <balance>6260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6260000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WK621"/>
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        <balance>2860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3006266.98000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco Community College District</name>
        <lei>N/A</lei>
        <title>San Francisco Community College District, Series 2025</title>
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          <isin value="US797683KP38"/>
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        <balance>7160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7583062.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina, Series 2020A</title>
        <cusip>6582565C2</cusip>
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          <isin value="US6582565C28"/>
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        <balance>10335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11008697.31000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FNZ35"/>
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        <balance>1935000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1965560.23000000</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>2026-02-15</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</title>
        <cusip>13063DN79</cusip>
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          <isin value="US13063DN794"/>
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        <balance>4950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5251268.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4794719.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>Maine Turnpike Authority</name>
        <lei>N/A</lei>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1022879.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Boulder Larimer &amp; Weld Counties St Vrain Valley School District Re1J</name>
        <lei>N/A</lei>
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        <cusip>101565K99</cusip>
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        <balance>5170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5450073.89000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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        <curCd>USD</curCd>
        <valUSD>2216207.32000000</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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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority, Series 2018</title>
        <cusip>67765QFY7</cusip>
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          <isin value="US67765QFY70"/>
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        <balance>21555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22781953.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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        <balance>2315000.00000000</balance>
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        <valUSD>2386020.03000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Mateo County Community College District</name>
        <lei>N/A</lei>
        <title>San Mateo County Community College District, Series 2006B</title>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <balance>5120000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>University of Utah (The)</name>
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        <name>Borough of Matanuska-Susitna</name>
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        <name>University of Washington</name>
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        <name>South Carolina Transportation Infrastructure Bank</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>City of New York</name>
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        <name>City of New York</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Michigan State University</name>
        <lei>N/A</lei>
        <title>Michigan State University, Series 2025A</title>
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        <name>Karegnondi Water Authority</name>
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        <name>City of Memphis</name>
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        <name>City of Seattle</name>
        <lei>N/A</lei>
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        <name>Empire State Development Corp.</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>Energy Northwest</name>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <name>University of Pittsburgh-of the Commonwealth System of Higher Education</name>
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        <name>Texas Department of Transportation State Highway Fund</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Florida Insurance Assistance Interlocal Agency, Inc.</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Illinois Finance Authority</name>
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        <name>City of Raleigh NC Combined Enterprise System Revenue</name>
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        <name>City of Seattle</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
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          <isin value="US54438CB506"/>
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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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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Louisiana</name>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Wastewater Revenue</name>
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          <isin value="US79768HGV42"/>
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        <balance>6625000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Hawaii</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
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          <isin value="US271014T935"/>
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        <balance>4500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of Hennepin</name>
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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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        <name>State of Illinois Sales Tax</name>
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        <balance>9900000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Water Infrastructure Finance Authority</name>
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          <isin value="US040688PD94"/>
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        <balance>2000000.00000000</balance>
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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>Round Rock Independent School District</name>
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        <balance>145000.00000000</balance>
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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 Income Tax</name>
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        <balance>2460000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
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        <name>State of Georgia</name>
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        <balance>2000000.00000000</balance>
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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>Commonwealth of Pennsylvania</name>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <name>State of Minnesota</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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          <isin value="US167486G293"/>
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        <balance>8500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8745513.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest, Series 2025A</title>
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          <isin value="US29270C6J97"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1976327.82000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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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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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US544532AV64"/>
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        <balance>4750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4959525.83000000</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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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County TN</name>
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          <isin value="US592112XD33"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10124942.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series Q</title>
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          <isin value="US6500092P76"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10907498.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Boston</name>
        <lei>N/A</lei>
        <title>City of Boston, Series 2020D</title>
        <cusip>100853B90</cusip>
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          <isin value="US100853B907"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203307.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</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 Department of Transportation</name>
        <lei>N/A</lei>
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          <isin value="US574204L503"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>629277.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Arlington</name>
        <lei>N/A</lei>
        <title>County of Arlington, Series 2019</title>
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          <isin value="US041431TL15"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>596649.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2022</title>
        <cusip>246381RJ8</cusip>
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          <isin value="US246381RJ81"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40632.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2022D</title>
        <cusip>20772KRT8</cusip>
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          <isin value="US20772KRT87"/>
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        <balance>1195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1274846.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582PAF71"/>
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        <balance>5110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5139566.97000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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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>
        <cusip>64986DAK1</cusip>
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          <isin value="US64986DAK19"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25320.41000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District Water System, Series 2014B</title>
        <cusip>271014XZ0</cusip>
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          <isin value="US271014XZ03"/>
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        <balance>510000.00000000</balance>
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        <valUSD>510000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966QBS84"/>
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        <balance>2035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2153723.73000000</valUSD>
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        <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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        <name>Alamo Community College District</name>
        <lei>N/A</lei>
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        <balance>3110000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey Educational Facilities Authority, Series 2024A</title>
        <cusip>646067JR0</cusip>
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          <isin value="US646067JR00"/>
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        <balance>3435000.00000000</balance>
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        <valUSD>3560480.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Mississippi Gaming Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Mississippi Gaming Tax, Series 2015E</title>
        <cusip>605638AM7</cusip>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005599.90000000</valUSD>
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        <name>University of Massachusetts Building Authority</name>
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        <name>Regional Transportation Authority</name>
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        <name>Minnesota Public Facilities Authority State Revolving Fund</name>
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        <name>Lower Colorado River Authority</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
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          <isin value="US882762FC67"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
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          <isin value="US594615FG63"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602HAD98"/>
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        <balance>1950000.00000000</balance>
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        <valUSD>1916491.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Florida</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>El Camino Healthcare District</name>
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          <isin value="US282731EA20"/>
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        <balance>3000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>New Mexico Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Wisconsin</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>City &amp; County of Honolulu</name>
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        <name>Texas A&amp;M University</name>
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        <balance>1460000.00000000</balance>
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          <maturityDt>2027-05-15</maturityDt>
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        <name>City of Los Angeles</name>
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        <balance>690000.00000000</balance>
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        <name>University of Minnesota</name>
        <lei>N/A</lei>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
        <title>Texas State University System, Series 2017A</title>
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          <isin value="US88278PYF51"/>
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        <valUSD>574017.57000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Michigan</name>
        <lei>N/A</lei>
        <title>University of Michigan, Series 2017A</title>
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          <isin value="US914455QZ60"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US5288287Y65"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115436.47000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
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        <curCd>USD</curCd>
        <valUSD>1825560.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2016A</title>
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          <isin value="US5446464L36"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of King</name>
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        <balance>425000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Washington Metropolitan Area Transit Authority</name>
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        <balance>6850000.00000000</balance>
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        <valUSD>6863148.58000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-15</maturityDt>
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        <name>Katy Independent School District</name>
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        <name>Lower Colorado River Authority</name>
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        <name>State of Oregon</name>
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        <name>Michigan State Building Authority</name>
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        <name>City of New York</name>
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        <name>City of Cleveland</name>
        <lei>N/A</lei>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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        <name>Intermountain Power Agency</name>
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        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of San Antonio</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Mateo County Community College District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Colorado</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
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        <name>Los Rios Community College District</name>
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        <name>Port of Tacoma</name>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>State of Delaware</name>
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        <name>Tarrant Regional Water District Water Supply System</name>
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        <name>State of Hawaii</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>City of Boston</name>
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        <name>State of Mississippi</name>
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        <name>Monroe County Industrial Development Corp.</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>State of Tennessee</name>
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        <name>State of Kansas Department of Transportation</name>
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        <name>State of Alaska</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>State of Tennessee</name>
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        <name>Marin Community College District</name>
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        <name>Illinois Finance Authority</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>City of Boston</name>
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      <invstOrSec>
        <name>Park Hill School District of Platte County</name>
        <lei>N/A</lei>
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        <name>University of Arizona (The)</name>
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        <name>Texas Water Development Board</name>
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        <name>State of Connecticut</name>
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        <name>City of Columbus</name>
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        <name>Virginia College Building Authority</name>
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        <name>Lewisville Independent School District</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>State of Connecticut</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Massachusetts Water Resources Authority</name>
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        <balance>825000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Maine</name>
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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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        <name>County of Prince George's</name>
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          <isin value="US7417015J17"/>
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        <balance>11715000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Florida</name>
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          <isin value="US34153QDS21"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>535337.09000000</valUSD>
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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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        <name>State of Florida</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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          <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="US20772KPH67"/>
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        <balance>4595000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>North Dakota Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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        <name>State of Oregon</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina Capital Facilities Finance Agency</name>
        <lei>549300PWNPSB7G58A235</lei>
        <title>North Carolina Capital Facilities Finance Agency, Series 2015B</title>
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        <balance>1580000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Clark County Public Utility District No. 1 Electric Revenue</name>
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          <isin value="US181108E647"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
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        <name>State of Alaska</name>
        <lei>N/A</lei>
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        <cusip>0117705T7</cusip>
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          <isin value="US0117705T70"/>
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        <balance>1725000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax, Series 2024B</title>
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          <isin value="US207758T605"/>
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        <balance>4905000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990APG49"/>
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        <balance>670000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maine</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <name>Indiana Finance Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>City of New York</name>
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        <name>County of Prince George's</name>
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      <invstOrSec>
        <name>City of Houston</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Denton Independent School District</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Leander Independent School District</name>
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        <name>County of New Castle</name>
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      <invstOrSec>
        <name>Texas Tech University System</name>
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        <name>California State Public Works Board</name>
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      <invstOrSec>
        <name>City of Dallas Waterworks &amp; Sewer System</name>
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        <name>Missouri Highway &amp; Transportation Commission</name>
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        <name>Indiana Finance Authority</name>
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        <name>State of Illinois</name>
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        <name>Scottsdale Municipal Property Corp.</name>
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        <name>City of Portland OR Sewer System Revenue</name>
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        <name>School District of Broward County/FL</name>
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        <name>County of Prince George's</name>
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        <name>Southwest Higher Education Authority, Inc.</name>
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        <name>Long Island Power Authority</name>
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        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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        <name>State of California</name>
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        <name>City of Jacksonville</name>
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        <name>Idaho State Building Authority</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US92778VCT35"/>
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        <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>State of Hawaii</name>
        <lei>N/A</lei>
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          <isin value="US4197916H69"/>
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        <curCd>USD</curCd>
        <valUSD>2553278.79000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
        <lei>N/A</lei>
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          <isin value="US5946953W63"/>
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        <curCd>USD</curCd>
        <valUSD>1609634.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Karegnondi Water Authority</name>
        <lei>N/A</lei>
        <title>Karegnondi Water Authority, Series 2024</title>
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          <isin value="US48563UCE91"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1439089.07000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582RKZ81"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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          <isin value="US882854M583"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <balance>2940000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
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        <balance>1300000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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      <invstOrSec>
        <name>Johnson County Unified School District No. 512 Shawnee Mission</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida</name>
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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>City of Columbus OH</name>
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        <balance>5830000.00000000</balance>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Borough of North Slope</name>
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        <balance>155000.00000000</balance>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Nevada</name>
        <lei>N/A</lei>
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        <valUSD>5045879.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>City &amp; County Honolulu Wastewater System</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Hamilton</name>
        <lei>N/A</lei>
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          <isin value="US407325BC26"/>
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        <balance>2585000.00000000</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>Virginia Public Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US928172Q652"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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          <isin value="US4386702D29"/>
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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>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Clean Water Trust (The)</name>
        <lei>549300SYPEROLSQU0261</lei>
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          <isin value="US575829JE70"/>
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        <balance>1125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1191141.34000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
        <lei>N/A</lei>
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          <isin value="US207758ZN66"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150990.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
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          <isin value="US812643UK86"/>
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        <balance>1015000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FZ803"/>
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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>2026-02-15</maturityDt>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US60412AL688"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16264704.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
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          <isin value="US249164RC02"/>
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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>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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          <isin value="US64577BD929"/>
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        <balance>5700000.00000000</balance>
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        <valUSD>5742636.57000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
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        <balance>10570000.00000000</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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        <name>DuPage County Forest Preserve District</name>
        <lei>N/A</lei>
        <title>DuPage County Forest Preserve District, Series 2025</title>
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          <isin value="US262651VK58"/>
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        <balance>950000.00000000</balance>
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        <valUSD>1026155.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Series 2018B</title>
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          <isin value="US59261AWW34"/>
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        <balance>1715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1727741.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Hamilton</name>
        <lei>N/A</lei>
        <title>County of Hamilton, Series 2024A</title>
        <cusip>407325BB4</cusip>
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          <isin value="US407325BB43"/>
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        <balance>3000000.00000000</balance>
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        <name>University of California</name>
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        <name>State of Connecticut</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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      <invstOrSec>
        <name>El Camino Community College District Fountation (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Minneapolis</name>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dallas Fort Worth International Airport</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Loudoun VA</name>
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        <name>Florida Department of Management Services</name>
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        <name>Long Island Power Authority</name>
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        <name>State of Maine</name>
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        <name>Trinity River Authority Central Regional Wastewater System</name>
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        <name>Frisco Independent School District</name>
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        <name>Indiana Finance Authority</name>
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        <name>Texas Water Development Board</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Empire State Development Corp.</name>
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        <name>Austin Independent School District</name>
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        <name>California State Public Works Board</name>
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      <invstOrSec>
        <name>City of Atlanta</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Colorado Springs</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Ohio</name>
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          <isin value="US677522F258"/>
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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>Triborough Bridge &amp; Tunnel Authority</name>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3719731.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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          <isin value="US13068XHY85"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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 2016A</title>
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          <isin value="US54466HCY09"/>
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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>Contra Costa Transportation Authority Sales Tax</name>
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        <title>Contra Costa Transportation Authority Sales Tax, Series 2018B</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582P7C80"/>
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        <balance>9405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9435786.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Austin Community College District Public Facility Corp.</name>
        <lei>N/A</lei>
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          <isin value="US052405CT23"/>
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        <balance>1750000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <name>City of Cleveland</name>
        <lei>N/A</lei>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <invCountry>US</invCountry>
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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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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>Utility Debt Securitization Authority, Series 2022TE-1</title>
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          <isin value="US91802RET23"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>City of Los Angeles</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Arapahoe County School District No. 5 Cherry Creek</name>
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        <name>Oklahoma Industries Authority</name>
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        <name>County of Hays</name>
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        <name>University of California</name>
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        <name>Massachusetts Transportation Trust Fund Metropolitan Highway System</name>
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        <name>Virginia College Building Authority</name>
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        <name>Foothill-De Anza Community College District</name>
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        <name>Virginia Public Building Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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      <invstOrSec>
        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>King County School District No. 401 Highline</name>
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        <name>Texas Department of Transportation State Highway Fund</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Racine Unified School District</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>City of New York</name>
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        <name>State of Illinois Sales Tax</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Great Lakes Water Authority Water Supply System</name>
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        <name>State of Wisconsin</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
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          <isin value="US917567BV02"/>
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        <valUSD>5003387.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California, Series 2017</title>
        <cusip>13063DBT4</cusip>
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          <isin value="US13063DBT46"/>
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        <curCd>USD</curCd>
        <valUSD>4643354.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974EHD13"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99324.86000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clackamas &amp; Washington Counties School District No. 3</name>
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          <isin value="US178882MC74"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1551050.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, Series 2025</title>
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          <isin value="US54811BP472"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4220346.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Series 2020A</title>
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          <isin value="US60412ATC70"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>456466.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Maryland Department of Transportation, Series 2018</title>
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          <isin value="US574204L925"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2051282.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mount Diablo Unified School District</name>
        <lei>N/A</lei>
        <title>Mount Diablo Unified School District, Series 2022B</title>
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        <balance>3100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3104741.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AJN81"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2048607.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FKM58"/>
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        <balance>6070000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Series 2018FFF</title>
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          <isin value="US64577B5N07"/>
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        <balance>6180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6519850.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of Baltimore</name>
        <lei>N/A</lei>
        <title>County of Baltimore, Series 2018</title>
        <cusip>05914FP95</cusip>
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          <isin value="US05914FP954"/>
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        <balance>2025000.00000000</balance>
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        <valUSD>2102024.52000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2022D</title>
        <cusip>20772KRS0</cusip>
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          <isin value="US20772KRS05"/>
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        <balance>1365000.00000000</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>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Georgia</name>
        <lei>N/A</lei>
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        <cusip>3733846K7</cusip>
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          <isin value="US3733846K70"/>
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        <balance>3805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3938150.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2024A</title>
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          <isin value="US20772KVC07"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5361015.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Conroe Independent School District</name>
        <lei>N/A</lei>
        <title>Conroe Independent School District, Series 2024</title>
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          <isin value="US2084184H33"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5373507.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
        <title>Long Island Power Authority, Series 2019A</title>
        <cusip>542691CE8</cusip>
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          <isin value="US542691CE80"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1889343.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>El Camino Community College District Fountation (The)</name>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>California State Public Works Board</name>
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        <name>District of Columbia</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of Utah</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>Empire State Development Corp.</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>City &amp; County of Honolulu</name>
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        <name>City of Seattle</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kentucky Turnpike Authority</name>
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        <name>State of Wisconsin</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>Humble Independent School District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Spring Independent School District</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>University of Colorado</name>
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      <invstOrSec>
        <name>State of Nevada Highway Improvement</name>
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        <name>County of Montgomery</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Maine Turnpike Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Missouri Highway &amp; Transportation Commission</name>
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          <isin value="US60636WSU08"/>
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        <balance>4775000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Houston Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <balance>9000000.00000000</balance>
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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>District of Columbia</name>
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        <name>State of California</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Austin Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US052430SG11"/>
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        <balance>1510000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New Orleans LA</name>
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        <name>County of Guilford</name>
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        <name>County of Montgomery</name>
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        <balance>305000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Clark</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <valUSD>993304.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2024B</title>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Indiana Finance Authority</name>
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        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063CYH77"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Long Beach Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45506DJ222"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201574.62000000</valUSD>
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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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      <invstOrSec>
        <name>State of California</name>
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          <isin value="US13063DDR61"/>
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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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
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          <isin value="US64966QH295"/>
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        <balance>6600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6600000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.00000070</annualizedRt>
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      <invstOrSec>
        <name>Imperial Irrigation District Electric System Revenue</name>
        <lei>N/A</lei>
        <title>Imperial Irrigation District Electric System, Series 2016B-2</title>
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          <isin value="US452650HN77"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
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          <isin value="US249164QS62"/>
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        <balance>14055000.00000000</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>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Delaware Transportation Authority</name>
        <lei>N/A</lei>
        <title>Delaware Transportation Authority, Series 2020</title>
        <cusip>246428J64</cusip>
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          <isin value="US246428J641"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10015.79000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <cusip>64972GZJ6</cusip>
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        <balance>1750000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Tennessee</name>
        <lei>N/A</lei>
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        <valUSD>3019914.64000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>Oklahoma Turnpike Authority</name>
        <lei>549300J83EP2PBDYH615</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
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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>San Antonio Water System</name>
        <lei>549300S7VENCVRZAA322</lei>
        <title>San Antonio Water System, Series 2021A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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        <balance>300000.00000000</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>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
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        <name>Oakland Unified School District</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</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 Delaware</name>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dallas Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>New Hampshire Municipal Bond Bank</name>
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        <name>City of Kansas City</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Houston</name>
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        <name>Battery Park City Authority</name>
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        <name>Coast Community College District</name>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>Austin Independent School District</name>
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        <name>City of Fort Worth</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>University of California</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>State of Tennessee</name>
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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>4.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Colorado Springs</name>
        <lei>N/A</lei>
        <title>City of Colorado Springs Utilities System, Series 2020B</title>
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          <isin value="US196632U926"/>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1019432.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Florida Insurance Assistance Interlocal Agency, Inc.</name>
        <lei>N/A</lei>
        <title>Florida Insurance Assistance Interlocal Agency, Inc., Series 2023A-1</title>
        <cusip>34074EAB5</cusip>
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          <isin value="US34074EAB56"/>
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        <balance>5025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5043960.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <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>010268BU3</cusip>
        <identifiers>
          <isin value="US010268BU33"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1304593.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Houston Independent School District</name>
        <lei>N/A</lei>
        <title>Houston Independent School District, Series 2025A</title>
        <cusip>442403QK0</cusip>
        <identifiers>
          <isin value="US442403QK05"/>
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        <balance>3380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3632490.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series F</title>
        <cusip>20772JQ47</cusip>
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          <isin value="US20772JQ478"/>
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        <balance>565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>570143.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Colorado Springs</name>
        <lei>N/A</lei>
        <title>City of Colorado Springs Utilities System, Series 2020A</title>
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        <identifiers>
          <isin value="US196632S201"/>
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        <balance>905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>913451.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Memphis</name>
        <lei>N/A</lei>
        <title>City of Memphis Electric System, Series 2024</title>
        <cusip>586158RZ2</cusip>
        <identifiers>
          <isin value="US586158RZ24"/>
          <other otherDesc="Inhouse Asset ID" value="586158RZ2"/>
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        <balance>1330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1399600.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>County of Loudoun</name>
        <lei>N/A</lei>
        <title>County of Loudoun, Series 2019A</title>
        <cusip>54589THJ4</cusip>
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          <isin value="US54589THJ43"/>
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        <balance>9000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9090053.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 194</title>
        <cusip>73358WYW8</cusip>
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          <isin value="US73358WYW80"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1057873.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582RNL68"/>
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        <balance>1820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1832334.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Auburn University</name>
        <lei>N/A</lei>
        <title>Auburn University, Series 2025-B</title>
        <cusip>050589SS0</cusip>
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          <isin value="US050589SS02"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2992945.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Series 2025A</title>
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          <isin value="US45204FA392"/>
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        <balance>990000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1073899.83000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
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        <cusip>882854X23</cusip>
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          <isin value="US882854X234"/>
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        <balance>805000.00000000</balance>
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        <valUSD>828714.01000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Idaho State Building Authority</name>
        <lei>549300XZ1VJYPPKQZU06</lei>
        <title>Idaho State Building Authority, Series 2025A</title>
        <cusip>451446AQ1</cusip>
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          <isin value="US451446AQ15"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4864107.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Series D</title>
        <cusip>25476FSQ2</cusip>
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          <isin value="US25476FSQ27"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20421.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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 2018A</title>
        <cusip>343137DD4</cusip>
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          <isin value="US343137DD44"/>
          <other otherDesc="Inhouse Asset ID" value="343137DD4"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>826255.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series R-2022C</title>
        <cusip>93974EVU7</cusip>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>North Carolina Municipal Power Agency No. 1</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>State of North Carolina</name>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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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>State of Mississippi</name>
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          <isin value="US605581HY63"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of North Carolina</name>
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        <balance>435000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Wake</name>
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        <name>Texas A&amp;M University</name>
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        <name>Poway Unified School District</name>
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        <name>City of Memphis</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue</name>
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        <name>Arizona Transportation Board</name>
        <lei>N/A</lei>
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        <name>State of Michigan</name>
        <lei>N/A</lei>
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        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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      <invstOrSec>
        <name>Virginia Public Building Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Board of Governors of Colorado State University System</name>
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        <invCountry>US</invCountry>
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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 2025A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>North Carolina Municipal Power Agency No. 1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of San Antonio</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fort Bend Independent School District</name>
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        <title>Fort Bend Independent School District, Series 2020</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Dallas Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2020E</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <name>State of Tennessee</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>State of California</name>
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      <invstOrSec>
        <name>Dallas Independent School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
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          <isin value="US15504RGG83"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Intermountain Power Agency</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>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
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        <curCd>USD</curCd>
        <valUSD>2885277.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maryland Stadium Authority</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Miami-Dade County Educational Facilities Authority</name>
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          <isin value="US59333ANH04"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dallas Independent School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clackamas Community College District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Georgia Ports Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>City of New York</name>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Michigan State University</name>
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        <name>San Francisco Community College District</name>
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        <name>Long Island Power Authority</name>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>County of Anne Arundel</name>
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        <name>Louisville</name>
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        <name>Michigan State Building Authority</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Florida Insurance Assistance Interlocal Agency, Inc.</name>
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        <name>City of Columbus</name>
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        <name>City of New York</name>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Pasco County School Board</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Florida Insurance Assistance Interlocal Agency, Inc.</name>
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        <name>Southern California Public Power Authority</name>
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        <name>State of Illinois Sales Tax</name>
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        <name>City of New York</name>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
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      <invstOrSec>
        <name>California State Public Works Board</name>
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      <invstOrSec>
        <name>San Antonio Water System</name>
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        <name>State of Florida</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Clark</name>
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      <invstOrSec>
        <name>City of Seattle</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma County Independent School District No. 89 Oklahoma City</name>
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        <name>County of Wake</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Conroe Independent School District</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of Connecticut Special Tax Revenue</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>
      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
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          <isin value="US917567AN94"/>
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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>2026-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Carrollton-Farmers Branch Independent School District</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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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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          <isin value="US45506DH994"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>466254.99000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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        <curCd>USD</curCd>
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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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        <name>City of San Francisco</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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        <name>State of Maryland</name>
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        <balance>2820000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Tennessee</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Minnesota</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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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>State of Michigan Trunk Line</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>San Antonio Water System</name>
        <lei>549300S7VENCVRZAA322</lei>
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        <invCountry>US</invCountry>
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        <name>County of Johnston</name>
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          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Johnson County Unified School District No. 512 Shawnee Mission</name>
        <lei>N/A</lei>
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          <isin value="US478740SE49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JEA Water &amp; Sewer System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County School District No. 37 Vancouver</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>University of California</name>
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        <name>Sacramento Municipal Utility District</name>
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        <name>Delaware Transportation Authority</name>
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        <name>Grant County Public Utility District No. 2 Priest Rapids Hydroelectric Project</name>
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        <name>California State Public Works Board</name>
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        <name>Energy Northwest</name>
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        <name>Massachusetts School Building Authority</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>City of Atlanta Water &amp; Wastewater</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>San Diego County Regional Transportation Commission</name>
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        <name>City of Charlotte</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>State of California</name>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>State of Wisconsin</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <name>State of California</name>
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        <name>District of Columbia</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-01-01</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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City &amp; County of Denver</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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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>
        <name>Garland Independent School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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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>235000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Metro Wastewater Reclamation District</name>
        <lei>N/A</lei>
        <title>Metro Water Recovery, Series 2025A</title>
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          <isin value="US59164GFS66"/>
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        <balance>2120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2247244.73000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma Municipal Power Authority</name>
        <lei>54930074Q1M8747DCS20</lei>
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          <isin value="US67910HQT04"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6066362.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Port of Seattle</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Oregon Department of Transportation</name>
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          <isin value="US68607DSV81"/>
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        <balance>690000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US544647FM70"/>
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        <valUSD>2513547.51000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series R-2018C</title>
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        <balance>700000.00000000</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>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2020A</title>
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        <balance>250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series 2021B</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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          <isin value="US64971WR367"/>
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        <balance>1275000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Illinois</name>
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        <name>Louisville Water Co.</name>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>Johnson County Unified School District No. 512 Shawnee Mission</name>
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        <name>County of Baltimore</name>
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        <name>University of Washington</name>
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        <name>Los Angeles Unified School District</name>
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        <name>County of Arlington</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>Douglas County School District No. 17</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of Ohio</name>
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        <name>Virginia Public School Authority</name>
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        <name>City of Seattle</name>
        <lei>N/A</lei>
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        <name>University of North Texas System</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Minnesota Public Facilities Authority State Revolving Fund</name>
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        <name>Los Angeles Community College District</name>
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        <name>State of North Carolina</name>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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        <name>Texas State University System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Round Rock Independent School District</name>
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        <name>Orange County Sanitation District</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>Delaware Transportation Authority</name>
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        <name>University of California</name>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <name>Grand River Dam Authority</name>
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        <name>Michigan State University</name>
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        <name>State of Wisconsin</name>
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        <name>City of Seattle</name>
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        <name>Trinity River Authority Central Regional Wastewater System Revenue</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Seattle</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio State University (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>State of California</name>
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        <name>Metropolitan Atlanta Rapid Transit Authority</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Harris</name>
        <lei>549300G9BRP25M0W1S40</lei>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Iowa Finance Authority</name>
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      </invstOrSec>
      <invstOrSec>
        <name>University of Michigan</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of San Antonio</name>
        <lei>549300S7VENCVRZAA322</lei>
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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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        <balance>8075000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>1.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
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          <isin value="US54811BJ285"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Minnesota</name>
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          <isin value="US60412AQS59"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Henrico</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974A5A81"/>
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        <balance>3855000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3507120.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fayette County School District</name>
        <lei>N/A</lei>
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        <balance>7475000.00000000</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 Maryland</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California Department of Water Resources</name>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</name>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of North Carolina</name>
        <lei>N/A</lei>
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          <maturityDt>2026-03-01</maturityDt>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</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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        <name>New York City Transitional Finance Authority</name>
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        <name>University of Connecticut</name>
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        <name>San Diego Unified School District</name>
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        <name>Birdville Independent School District</name>
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        <name>State of Tennessee</name>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <name>State of Connecticut</name>
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        <name>Houston Independent School District</name>
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        <name>Utah Transit Authority</name>
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        <name>State of California</name>
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        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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        <name>University of North Texas System</name>
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        <name>Commonwealth of Pennsylvania</name>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
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        <name>Dallas College</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York</name>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Phoenix</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of North Carolina</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <name>County of Prince George's</name>
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        <name>City of Austin</name>
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        <name>Energy Northwest</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Washington Suburban Sanitary Commission</name>
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        <name>City of Houston</name>
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        <name>County of Prince George's</name>
        <lei>549300NSQ1W50I0VU811</lei>
        <title>County of Prince George's, Series 2020A</title>
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        <name>Gwinnett County School District</name>
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        <name>College Station Independent School District</name>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>Clark County School District</name>
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        <name>State of New Hampshire</name>
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        <name>Virginia College Building Authority</name>
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        <name>University of Minnesota</name>
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        <name>City of Portland OR Sewer System Revenue</name>
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        <name>State of Maine</name>
        <lei>N/A</lei>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2016</title>
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          <isin value="US662903QY23"/>
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        <curCd>USD</curCd>
        <valUSD>5225162.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Permanent University Fund - Texas A&amp;M University System</name>
        <lei>N/A</lei>
        <title>Permanent University Fund - Texas A&amp;M University System, Series 2023</title>
        <cusip>8821177J7</cusip>
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          <isin value="US8821177J70"/>
          <other otherDesc="Inhouse Asset ID" value="8821177J7"/>
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        <balance>3850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4092429.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JEA Water &amp; Sewer System</name>
        <lei>N/A</lei>
        <title>JEA Water &amp; Sewer System, Series 2008B-1</title>
        <cusip>46613PVY9</cusip>
        <identifiers>
          <isin value="US46613PVY95"/>
          <other otherDesc="Inhouse Asset ID" value="46613PVY9"/>
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        <balance>5385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5385000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.16000065</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>
        <identifiers>
          <isin value="US64972HX497"/>
          <other otherDesc="Inhouse Asset ID" value="64972HX49"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214328.96000000</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>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Leander Independent School District</name>
        <lei>N/A</lei>
        <title>Leander Independent School District, Series 2025A</title>
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          <isin value="US521841P341"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>768953.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Kansas Department of Transportation</name>
        <lei>5493001635XK841MIO47</lei>
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          <isin value="US485424SC07"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>286311.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
        <title>Massachusetts School Building Authority, Series D</title>
        <cusip>576000XY4</cusip>
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          <isin value="US576000XY44"/>
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        <balance>2285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2292999.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <cusip>677522KY9</cusip>
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          <isin value="US677522KY93"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101571.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of San Antonio</name>
        <lei>549300S7VENCVRZAA322</lei>
        <title>City of San Antonio, Series 2024</title>
        <cusip>79623PRR8</cusip>
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          <isin value="US79623PRR81"/>
          <other otherDesc="Inhouse Asset ID" value="79623PRR8"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1178610.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
        <lei>N/A</lei>
        <title>San Francisco City &amp; County Public Utilities Commission Wastewater, Series 2016A</title>
        <cusip>79768HCL0</cusip>
        <identifiers>
          <isin value="US79768HCL06"/>
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        <balance>4865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4901763.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582RNN25"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>157572.48000000</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>City of Houston</name>
        <lei>N/A</lei>
        <title>City of Houston Combined Utility System, Series 1998A</title>
        <cusip>4424366C0</cusip>
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          <isin value="US4424366C00"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>1843041.60000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Denton Independent School District</name>
        <lei>5493005I9W678SUI0Z07</lei>
        <title>Denton Independent School District, Series 2023</title>
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          <isin value="US249002LK04"/>
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        <balance>750000.00000000</balance>
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        <valUSD>798338.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Board of Regents of the University of Texas System</name>
        <lei>TEHUYFNKZR6XVWLGEU86</lei>
        <title>Board of Regents of the University of Texas System, Series 2016J</title>
        <cusip>91514AGP4</cusip>
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          <isin value="US91514AGP49"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>386511.09000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
        <title>Alabama Federal Aid Highway Finance Authority, Series A</title>
        <cusip>010268BW9</cusip>
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          <isin value="US010268BW98"/>
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        <balance>6840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7138737.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Kansas Department of Transportation</name>
        <lei>5493001635XK841MIO47</lei>
        <title>State of Kansas Department of Transportation, Series 2015B</title>
        <cusip>485424QH1</cusip>
        <identifiers>
          <isin value="US485424QH12"/>
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        <balance>6095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6122630.46000000</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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fort Bend Independent School District</name>
        <lei>N/A</lei>
        <title>Fort Bend Independent School District, Series 2019B</title>
        <cusip>346843PT6</cusip>
        <identifiers>
          <isin value="US346843PT65"/>
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        <balance>2130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2235928.31000000</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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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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>
      <invstOrSec>
        <name>County of Miami-Dade</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>District of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Tennessee</name>
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          <isin value="US880541VQ71"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Garland Electric Utility System</name>
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          <isin value="US366133TL09"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <valUSD>2539657.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US646136WF46"/>
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        <balance>6870000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
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          <isin value="US45130ACW36"/>
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        <balance>1250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
        <lei>N/A</lei>
        <title>Ohio Turnpike &amp; Infrastructure Commission, Series 2022A</title>
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          <isin value="US67760HNR83"/>
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        <balance>5120000.00000000</balance>
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        <valUSD>5494818.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US60412AXD08"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3209021.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
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        <balance>185000.00000000</balance>
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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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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System</name>
        <lei>N/A</lei>
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          <isin value="US39081JGV44"/>
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        <balance>4000000.00000000</balance>
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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>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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          <isin value="US709225LV62"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Louisiana</name>
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        <balance>4235000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <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>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Water District of Southern California</name>
        <lei>5493003GD0S0P56RLT45</lei>
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        <valUSD>594397.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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        <balance>4660000.00000000</balance>
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        <name>Los Angeles Unified School District</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Gwinnett County School District</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>New York State Dormitory Authority</name>
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      <invstOrSec>
        <name>Charleston Educational Excellence Finance Corp.</name>
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      <invstOrSec>
        <name>Oregon State Lottery</name>
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      <invstOrSec>
        <name>Public Power Generation Agency</name>
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        <name>State of Kansas Department of Transportation</name>
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        <name>State of Louisiana</name>
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        <name>County of Harris</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>City of Los Angeles</name>
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        <name>Alabama Public School and College Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Tennessee State School Bond Authority</name>
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        <name>Del Valle Independent School District</name>
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        <name>State of North Carolina</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>State of Ohio</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <valUSD>477623.90000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <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="US650009Y803"/>
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        <balance>3710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3985068.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>Utility Debt Securitization Authority, Series 2023TE-1</title>
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          <isin value="US91802RGF01"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3096032.40000000</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>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
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          <isin value="US46246K4B57"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>367255.70000000</valUSD>
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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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      <invstOrSec>
        <name>State of Texas</name>
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          <isin value="US882723VP11"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4026709.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AJ405"/>
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        <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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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
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        <balance>1970000.00000000</balance>
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        <valUSD>2012537.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Santa Monica Community College District</name>
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          <isin value="US802385JP06"/>
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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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          <couponKind>None</couponKind>
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        <name>State of Oregon</name>
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        <balance>3000000.00000000</balance>
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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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        <name>Commonwealth of Massachusetts</name>
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        <valUSD>2000700.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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          <maturityDt>2029-11-15</maturityDt>
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        <name>City of Los Angeles</name>
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        <name>City of Greeley</name>
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      <invstOrSec>
        <name>Alpine School District</name>
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        <name>Massachusetts School Building Authority</name>
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        <name>State of West Virginia</name>
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        <name>Indiana Finance Authority</name>
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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>Municipal Improvement Corp. of Los Angeles</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Alexandria</name>
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        <name>State of Hawaii</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Oregon State Lottery</name>
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        <name>Douglas County School District No. 17</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>City of Alexandria</name>
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        <name>City of Columbia</name>
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        <name>State of Ohio</name>
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      <invstOrSec>
        <name>Green Bay Area Public School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US052430RN70"/>
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        <balance>815000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Georgia Ports Authority</name>
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          <isin value="US373586GY64"/>
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        <balance>2050000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Mecklenburg</name>
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        <balance>55000.00000000</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>2027-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <cusip>13063DEC8</cusip>
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          <isin value="US13063DEC83"/>
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        <balance>4700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4910126.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Contra Costa Unified School District</name>
        <lei>N/A</lei>
        <title>West Contra Costa Unified School District, Series 2025B</title>
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        <balance>5050000.00000000</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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>City of New York</name>
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          <isin value="US64966MSU44"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina Capital Facilities Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California State University</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Dallas Fort Worth International Airport</name>
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        <balance>630000.00000000</balance>
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        <valUSD>647210.84000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
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        <name>County of Harris</name>
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        <invCountry>US</invCountry>
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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>4975000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>School District of Broward County</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>Indiana Finance Authority</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>West Contra Costa Unified School District</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
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        <name>San Francisco Unified School District</name>
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        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
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        <name>City of New York</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>State of Washington</name>
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        <name>District of Columbia</name>
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        <name>Michigan State University</name>
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        <name>Energy Northwest</name>
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        <name>State of California</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Tennessee State School Bond Authority</name>
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        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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        <name>Leander Independent School District</name>
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        <name>State of Maine</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>University of Connecticut</name>
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        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
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        <name>Public Power Generation Agency</name>
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      <invstOrSec>
        <name>City &amp; County of Denver Airport System</name>
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        <name>Virginia Public School Authority</name>
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        <name>City of Houston</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>San Antonio Water System</name>
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        <name>State of Connecticut</name>
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        <name>Port of Seattle</name>
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        <name>State of Florida</name>
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        <name>State of California</name>
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        <name>State of Washington</name>
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        <name>JEA Electric System Revenue</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>County of Monmouth</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <cusip>544532AT1</cusip>
        <identifiers>
          <isin value="US544532AT19"/>
          <other otherDesc="Inhouse Asset ID" value="544532AT1"/>
        </identifiers>
        <balance>205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>208225.45000000</valUSD>
        <pctVal>0.002171503688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <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 Philadelphia PA Water &amp; Wastewater Revenue</name>
        <lei>N/A</lei>
        <title>City of Philadelphia Water &amp; Wastewater, Series 2024C</title>
        <cusip>7178933E9</cusip>
        <identifiers>
          <isin value="US7178933E92"/>
          <other otherDesc="Inhouse Asset ID" value="7178933E9"/>
        </identifiers>
        <balance>10355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11164736.15000000</valUSD>
        <pctVal>0.116432769037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>College Station Independent School District</name>
        <lei>N/A</lei>
        <title>College Station Independent School District, Series 2025</title>
        <cusip>194475YA1</cusip>
        <identifiers>
          <isin value="US194475YA15"/>
          <other otherDesc="Inhouse Asset ID" value="194475YA1"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2150396.80000000</valUSD>
        <pctVal>0.022425666902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Frederick</name>
        <lei>N/A</lei>
        <title>County of Frederick, Series 2021A</title>
        <cusip>35569PFV0</cusip>
        <identifiers>
          <isin value="US35569PFV04"/>
          <other otherDesc="Inhouse Asset ID" value="35569PFV0"/>
        </identifiers>
        <balance>5395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5430447.31000000</valUSD>
        <pctVal>0.056632060885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2025CB</title>
        <cusip>91412HUV3</cusip>
        <identifiers>
          <isin value="US91412HUV31"/>
          <other otherDesc="Inhouse Asset ID" value="91412HUV3"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2162720.20000000</valUSD>
        <pctVal>0.022554182934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina, Series 2013B</title>
        <cusip>658256M25</cusip>
        <identifiers>
          <isin value="US658256M252"/>
          <other otherDesc="Inhouse Asset ID" value="658256M25"/>
        </identifiers>
        <balance>1350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1350000.00000000</valUSD>
        <pctVal>0.014078634379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2022B-1</title>
        <cusip>64966QYJ3</cusip>
        <identifiers>
          <isin value="US64966QYJ39"/>
          <other otherDesc="Inhouse Asset ID" value="64966QYJ3"/>
        </identifiers>
        <balance>145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>148576.48000000</valUSD>
        <pctVal>0.001549447362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grant County Public Utility District No. 2 Priest Rapids Hydroelectric Project</name>
        <lei>N/A</lei>
        <title>Grant County Public Utility District No. 2 Priest Rapids Hydroelectric Project, Series 2024B</title>
        <cusip>387883B59</cusip>
        <identifiers>
          <isin value="US387883B593"/>
          <other otherDesc="Inhouse Asset ID" value="387883B59"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2066215.20000000</valUSD>
        <pctVal>0.021547769148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>2025-06-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
