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        <name>Los Angeles Unified School District</name>
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        <name>El Camino Community College District Fountation (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois State Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Transportation Authority</name>
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        <name>New York City Municipal Water Finance Authority</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>Los Angeles Department of Water &amp; Power</name>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <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>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
        <title>Tennessee State School Bond Authority, Series 2022A</title>
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        <name>City &amp; County Honolulu Wastewater System</name>
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        <name>East Montgomery County Improvement District Sales Tax Revenue</name>
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        <name>Indiana Finance Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Regional Transportation District Sales Tax</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Denver City &amp; County School District No. 1</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>District of Columbia Income Tax</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County TN</name>
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        <name>Southwest Independent School District</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>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>State of Maryland</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>New York State Thruway Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <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>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City &amp; County Honolulu Wastewater System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Regional Transportation District Sales Tax</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>JEA Electric System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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          <isin value="US574193WS37"/>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <name>City of Los Angeles</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 California</name>
        <lei>N/A</lei>
        <title>State of California, Series 2017</title>
        <cusip>13063DCG1</cusip>
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        <balance>7440000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Miami-Dade</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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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>Pasco County School Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Georgia Ports Authority</name>
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        <name>Virginia College Building Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>San Francisco Bay Area Rapid Transit District</name>
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        <name>Empire State Development Corp.</name>
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        <name>Michigan State Building Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Alameda Corridor Transportation Authority</name>
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        <name>San Diego Community College District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Miami-Dade</name>
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        <balance>2000000.00000000</balance>
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        <valUSD>2166562.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland Department of Transportation</name>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Iowa Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
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        <balance>4000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Illinois</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>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>North Texas Tollway Authority</name>
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        <name>County of Miami-Dade</name>
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        <name>State of Maryland</name>
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      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
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        <name>University of California</name>
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        <name>Clark County School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iowa Finance Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia Water &amp; Sewer Authority</name>
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        <name>Southern California Public Power Authority</name>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of King</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
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          <isin value="US45884AB366"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of DeKalb</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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      <invstOrSec>
        <name>City of Corpus Christi</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
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          <isin value="US544525A329"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>District of Columbia</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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          <isin value="US25477GWN14"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452153EC91"/>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Mecklenburg</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Washington Suburban Sanitary Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Empire State Development Corp.</name>
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        <name>Los Angeles Unified School District</name>
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        <name>City &amp; County of Denver Airport System</name>
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        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax</name>
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        <cusip>896035CA8</cusip>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Grand River Dam Authority</name>
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        <name>San Diego Public Facilities Financing Authority</name>
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        <name>State of Illinois</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US837151ZR36"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>954217.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Houston</name>
        <lei>N/A</lei>
        <title>City of Houston Combined Utility System, Series 2024A</title>
        <cusip>44244CU62</cusip>
        <identifiers>
          <isin value="US44244CU626"/>
          <other otherDesc="Inhouse Asset ID" value="44244CU62"/>
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        <balance>7210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7478363.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063EMF0</cusip>
        <identifiers>
          <isin value="US13063EMF06"/>
          <other otherDesc="Inhouse Asset ID" value="13063EMF0"/>
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        <balance>5300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5590320.22000000</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>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority, Series 2018A</title>
        <cusip>89602RDZ5</cusip>
        <identifiers>
          <isin value="US89602RDZ55"/>
          <other otherDesc="Inhouse Asset ID" value="89602RDZ5"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2592135.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>New York City Transitional Finance Authority, Series 2025E</title>
        <cusip>64972JPK8</cusip>
        <identifiers>
          <isin value="US64972JPK87"/>
          <other otherDesc="Inhouse Asset ID" value="64972JPK8"/>
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        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7842037.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MTA Hudson Rail Yards Trust Obligations</name>
        <lei>N/A</lei>
        <title>MTA Hudson Rail Yards Trust Obligations, Series 2016A</title>
        <cusip>62476RAB1</cusip>
        <identifiers>
          <isin value="US62476RAB15"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3932383.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <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 2020A</title>
        <cusip>54466HJP2</cusip>
        <identifiers>
          <isin value="US54466HJP29"/>
          <other otherDesc="Inhouse Asset ID" value="54466HJP2"/>
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        <balance>3800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3838044.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hillsborough County Aviation Authority</name>
        <lei>N/A</lei>
        <title>Hillsborough County Aviation Authority, Series 2018F</title>
        <cusip>432308K60</cusip>
        <identifiers>
          <isin value="US432308K605"/>
          <other otherDesc="Inhouse Asset ID" value="432308K60"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6959531.60000000</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>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority, Series 2013A</title>
        <cusip>89602NG24</cusip>
        <identifiers>
          <isin value="US89602NG247"/>
          <other otherDesc="Inhouse Asset ID" value="89602NG24"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1351158.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>County of Union</name>
        <lei>5493007ESG9QHLUW6165</lei>
        <title>County of Union, Series 2023</title>
        <cusip>9063954R6</cusip>
        <identifiers>
          <isin value="US9063954R69"/>
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        <balance>6060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6772439.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2011B</title>
        <cusip>66285WHD1</cusip>
        <identifiers>
          <isin value="US66285WHD11"/>
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        <balance>1620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>832312.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DQZ4</cusip>
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          <isin value="US13063DQZ41"/>
          <other otherDesc="Inhouse Asset ID" value="13063DQZ4"/>
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        <balance>5230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5453066.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2021E</title>
        <cusip>64990FM50</cusip>
        <identifiers>
          <isin value="US64990FM504"/>
          <other otherDesc="Inhouse Asset ID" value="64990FM50"/>
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        <balance>27350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18655300.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Series 2023B</title>
        <cusip>25476FB49</cusip>
        <identifiers>
          <isin value="US25476FB497"/>
          <other otherDesc="Inhouse Asset ID" value="25476FB49"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4364748.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2023B</title>
        <cusip>67766WK84</cusip>
        <identifiers>
          <isin value="US67766WK843"/>
          <other otherDesc="Inhouse Asset ID" value="67766WK84"/>
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        <balance>5870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6224808.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Utah</name>
        <lei>254900RWV9NSVUZONC07</lei>
        <title>State of Utah, Series 2020B</title>
        <cusip>917542WZ1</cusip>
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          <isin value="US917542WZ11"/>
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        <balance>6010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6020132.86000000</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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        <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 2022A</title>
        <cusip>20772KPR4</cusip>
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          <isin value="US20772KPR40"/>
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        <balance>5205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5316899.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <fairValLevel>2</fairValLevel>
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        <name>Texas A&amp;M University</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>Empire State Development Corp.</name>
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        <name>New Mexico Finance Authority</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of California</name>
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        <name>Chaffey Joint Union High School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California State Public Works Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California State Public Works Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Florida Expressway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Thruway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Georgetown Independent School District</name>
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        <name>City of New Orleans</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>Energy Northwest</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Miami-Dade County Educational Facilities Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>County of Williamson</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <name>County of Harris</name>
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        <name>Forsyth County Water &amp; Sewerage Authority</name>
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        <name>Empire State Development Corp.</name>
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        <name>Energy Northwest</name>
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        <name>State of Connecticut</name>
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        <name>State of Illinois</name>
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        <name>State of California</name>
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        <name>County of Montgomery</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Energy Northwest</name>
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      <invstOrSec>
        <name>Allan Hancock Joint Community College District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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        <name>Fort Bend Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-01</maturityDt>
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        <name>Orlando Utilities Commission</name>
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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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          <maturityDt>2033-07-01</maturityDt>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Houston</name>
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        <balance>9835000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
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        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2017A</title>
        <cusip>13077DAQ5</cusip>
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          <isin value="US13077DAQ51"/>
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        <balance>1545000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-15</maturityDt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
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        <balance>15000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Philadelphia</name>
        <lei>549300IVFOPB4AG7UL47</lei>
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          <isin value="US717813XJ32"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <balance>1460000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <valUSD>5271906.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2016A</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <name>City of New York</name>
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        <name>Regional Transportation District Sales Tax</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of Washington</name>
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        <name>City of New York</name>
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        <name>New York State Thruway Authority</name>
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        <name>Empire State Development Corp.</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois State Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Los Angeles Department of Airports</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <name>Alamo Community College District</name>
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        <name>City of Memphis</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <name>Mount Diablo Unified School District</name>
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        <invCountry>US</invCountry>
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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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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>Empire State Development Corp., Series 2020C</title>
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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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        <name>Energy Northwest</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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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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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arlington Independent School District</name>
        <lei>N/A</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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        <name>South Carolina Public Service Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.21999935</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Jose Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Hennepin</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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      <invstOrSec>
        <name>Lamar Consolidated Independent School District</name>
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        <balance>15000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-15</maturityDt>
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        <name>Ohio Water Development Authority</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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      <invstOrSec>
        <name>Clackamas County School District No. 12 North Clackamas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alabama Public School and College Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Indiana Finance Authority</name>
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        <name>State of Illinois</name>
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        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
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        <name>Ohio Water Development Authority</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>Georgia State Road &amp; Tollway Authority</name>
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        <name>State of Washington</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Bay Area Toll Authority</name>
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        <name>Chicago Transit Authority Capital Grant Receipts</name>
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        <name>Orlando Utilities Commission</name>
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        <name>Riverside County Transportation Commission</name>
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        <name>Virginia College Building Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax</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>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
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        <name>El Camino Community College District Fountation (The)</name>
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        <name>Iowa Finance Authority</name>
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        <name>University of California</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Power</name>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>Missouri State Board of Public Buildings</name>
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        <name>San Diego Unified School District</name>
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        <name>University of Arizona (The)</name>
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        <name>City of Chicago</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>District of Columbia Income Tax</name>
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        <name>Alvord Unified School District</name>
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        <name>Empire State Development Corp.</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>San Francisco Bay Area Rapid Transit District Sales Tax</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>City of New York</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>University of California</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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      <invstOrSec>
        <name>University of California</name>
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        <name>Intermountain Power Agency</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of San Antonio</name>
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          <isin value="US79625GCS03"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rhode Island Commerce Corp.</name>
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        <name>County of Hamilton</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greenville County School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Joaquin Hills Transportation Corridor Agency</name>
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        <name>Newport Mesa Unified School District</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Augusta Water &amp; Sewer</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Illinois Finance Authority</name>
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        <name>Sales Tax Securitization Corp.</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-15</maturityDt>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
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        <valUSD>764954.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
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          <isin value="US91412GJ229"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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          <isin value="US650028WP47"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5379281.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974EJ494"/>
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        <valUSD>5125023.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Public School Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>Commonwealth of Massachusetts</name>
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        <invCountry>US</invCountry>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>Alameda Corridor Transportation Authority</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.00001080</annualizedRt>
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        <name>Desert Community College District</name>
        <lei>N/A</lei>
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          <isin value="US250375HB16"/>
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        <balance>8000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
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          <annualizedRt>4.00000000</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>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Texas A&amp;M University</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Empire State Development Corp.</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>Morgan Hill Unified School District</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Empire State Development Corp.</name>
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        <name>Maine Turnpike Authority</name>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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          <isin value="US64985TAE10"/>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Indiana Finance Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Massachusetts Development Finance Agency</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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        <invCountry>US</invCountry>
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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>California State University</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Houston Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange County School Board</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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          <annualizedRt>3.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Colorado River Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>Conroe Independent School District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>City of New York</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
        <lei>N/A</lei>
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          <isin value="US38611TCC99"/>
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        <valUSD>22316257.79000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York</name>
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          <isin value="US64966Q2P43"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2727816.25000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
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          <isin value="US15504RGF01"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4537054.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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        <cusip>20772KSY6</cusip>
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          <isin value="US20772KSY63"/>
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        <balance>7820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7891190.93000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank, Series 2021A</title>
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          <isin value="US45528UR942"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1038028.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority, Series V-4</title>
        <cusip>130179XB5</cusip>
        <identifiers>
          <isin value="US130179XB59"/>
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        <balance>9900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11093102.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Simi Valley Unified School District</name>
        <lei>N/A</lei>
        <title>Simi Valley Unified School District, Series 2007C</title>
        <cusip>828641UH1</cusip>
        <identifiers>
          <isin value="US828641UH14"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7914728.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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 2019B</title>
        <cusip>650010CC3</cusip>
        <identifiers>
          <isin value="US650010CC38"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1889910.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2018A</title>
        <cusip>246381MS3</cusip>
        <identifiers>
          <isin value="US246381MS36"/>
          <other otherDesc="Inhouse Asset ID" value="246381MS3"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5203602.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2018A</title>
        <cusip>64990AHM0</cusip>
        <identifiers>
          <isin value="US64990AHM09"/>
          <other otherDesc="Inhouse Asset ID" value="64990AHM0"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2603954.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Gainesville FL Utilities System Revenue</name>
        <lei>N/A</lei>
        <title>City of Gainesville Utilities System, Series 2019A</title>
        <cusip>362848VK6</cusip>
        <identifiers>
          <isin value="US362848VK68"/>
          <other otherDesc="Inhouse Asset ID" value="362848VK6"/>
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        <balance>1495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1511799.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WWJ1</cusip>
        <identifiers>
          <isin value="US66285WWJ16"/>
          <other otherDesc="Inhouse Asset ID" value="66285WWJ1"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1113801.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BlackRock Liquidity Funds</name>
        <lei>549300RWBJ885673DL84</lei>
        <title>BlackRock Liquidity MuniCash Funds: Institutional Shares</title>
        <cusip>09248U841</cusip>
        <identifiers>
          <isin value="US09248U8412"/>
          <other otherDesc="Inhouse Asset ID" value="09248U841"/>
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        <balance>34451.20000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34454.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark</name>
        <lei>549300LDD8NZB2EOVG83</lei>
        <title>County of Clark, Series 2018</title>
        <cusip>180848WH2</cusip>
        <identifiers>
          <isin value="US180848WH27"/>
          <other otherDesc="Inhouse Asset ID" value="180848WH2"/>
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        <balance>7135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6516221.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Municipal Improvement Corp. of Los Angeles</name>
        <lei>549300ZJ0YLTZNSR8F57</lei>
        <title>Municipal Improvement Corp. of Los Angeles, Series 2016B</title>
        <cusip>544587G85</cusip>
        <identifiers>
          <isin value="US544587G854"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2046691.60000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2016B</title>
        <cusip>5446464Y5</cusip>
        <identifiers>
          <isin value="US5446464Y56"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10210787.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DPG7</cusip>
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          <isin value="US13063DPG78"/>
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        <balance>4450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4720837.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>New York City Transitional Finance Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Regional Transportation District Sales Tax</name>
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        <name>Omaha Public Power District</name>
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        <name>State of California</name>
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        <name>City of Atlanta Water &amp; Wastewater</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of Mississippi</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Wyandotte County-Kansas City Unified Government Utility System</name>
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        <name>Texas Water Development Board</name>
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        <name>State of California</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Delaware River Port Authority</name>
        <lei>549300OBM31KJO8JR048</lei>
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          <isin value="US246352HL50"/>
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        <curCd>USD</curCd>
        <valUSD>1892497.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
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          <isin value="US67765QHN97"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5121348.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority, Series 2018A</title>
        <cusip>89602REA9</cusip>
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          <isin value="US89602REA95"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5139603.60000000</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>2048-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority, Series 2022D-2</title>
        <cusip>89602HEM5</cusip>
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          <isin value="US89602HEM51"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6776494.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority, Series 2024C</title>
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          <isin value="US89602HHV24"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16404552.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series B</title>
        <cusip>167593A36</cusip>
        <identifiers>
          <isin value="US167593A364"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3057701.40000000</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>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Miami-Dade County Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Miami-Dade County Educational Facilities Authority, Series 2024A</title>
        <cusip>59333ANV9</cusip>
        <identifiers>
          <isin value="US59333ANV97"/>
          <other otherDesc="Inhouse Asset ID" value="59333ANV9"/>
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        <balance>13665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14020523.67000000</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>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Miami-Dade</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>County of Miami-Dade, Series 2014A</title>
        <cusip>59333FRZ5</cusip>
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          <isin value="US59333FRZ52"/>
          <other otherDesc="Inhouse Asset ID" value="59333FRZ5"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1861445.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clackamas &amp; Washington Counties School District No. 3</name>
        <lei>N/A</lei>
        <title>Clackamas &amp; Washington Counties School District No. 3, Series 2015</title>
        <cusip>178882MF0</cusip>
        <identifiers>
          <isin value="US178882MF06"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000677.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Georgia State Road &amp; Tollway Authority</name>
        <lei>N/A</lei>
        <title>Georgia State Road &amp; Tollway Authority, Series 2020</title>
        <cusip>37358MEP2</cusip>
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          <isin value="US37358MEP23"/>
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        <balance>6105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6633039.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DLW6</cusip>
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          <isin value="US13063DLW64"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1042028.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
        <title>City of Seattle, Series 2014</title>
        <cusip>812643LE2</cusip>
        <identifiers>
          <isin value="US812643LE28"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4029587.10000000</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>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eastern Municipal Water District Financing Authority</name>
        <lei>N/A</lei>
        <title>Eastern Municipal Water District Financing Authority, Series 2017D</title>
        <cusip>27677SAW3</cusip>
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          <isin value="US27677SAW35"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1514430.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <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 2017B</title>
        <cusip>271014F31</cusip>
        <identifiers>
          <isin value="US271014F314"/>
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        <balance>3085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3196910.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina, Series 2020A</title>
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          <isin value="US6582565B45"/>
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        <balance>5530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5775543.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series 2024-1</title>
        <cusip>709225MQ6</cusip>
        <identifiers>
          <isin value="US709225MQ68"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1061831.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Series 2024A</title>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>Cincinnati City School District</name>
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        <name>Bay Area Toll Authority</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Private Colleges &amp; Universities Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Massachusetts School Building Authority</name>
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        <name>Virginia College Building Authority</name>
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        <name>State of Minnesota</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Hudson Yards Infrastructure Corp.</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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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Massachusetts</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>City of New York</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Austin Independent School District</name>
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        <name>City of San Jose</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Minnesota</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Unified School District</name>
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        <name>City of New York</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>State of New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <name>City of Gainesville FL Utilities System Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of California</name>
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        <name>Empire State Development Corp.</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Virginia Public Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of San Antonio Electric &amp; Gas Systems</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Fairfax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Thruway Authority</name>
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        <name>California State University</name>
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        <name>City of New York</name>
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        <name>City of Seattle</name>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>State of Connecticut Special Tax</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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        <name>Round Rock Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Timpanogos Special Service District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Virginia Commonwealth Transportation Board</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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        <fairValLevel>2</fairValLevel>
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        <name>New York State Environmental Facilities Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Texas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City &amp; County Honolulu Wastewater System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Sacramento Municipal Utility District</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Ohio State University (The)</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Montgomery</name>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Pasco County School Board</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
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        <name>Long Beach Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
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        <name>University of California</name>
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        <name>State of California</name>
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        <name>University of Delaware</name>
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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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          <maturityDt>2029-09-01</maturityDt>
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        <name>State of Georgia</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</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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        <name>Port Authority of New York &amp; New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>San Diego Unified School District</name>
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        <name>State of North Carolina</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Piedmont Municipal Power Agency</name>
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        <name>State of Hawaii</name>
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        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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        <name>Empire State Development Corp.</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Long Island Power Authority</name>
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        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Great Lakes Water Authority Sewage Disposal System</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Washoe County School District</name>
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        <name>Los Angeles Department of Water &amp; Power Water System Revenue</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Central Florida Expressway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Atlanta Water &amp; Wastewater</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>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Orlando Utilities Commission</name>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Empire State Development Corp.</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of Michigan Trunk Line</name>
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        <name>North Carolina Municipal Power Agency No. 1</name>
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        <name>Los Angeles Unified School District</name>
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        <name>New York State Thruway Authority</name>
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        <name>University of Colorado</name>
        <lei>549300HU7D08HY4MKX37</lei>
        <title>University of Colorado, Series 2025A</title>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Hillsborough County Aviation Authority</name>
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        <name>San Joaquin County Transportation Authority Measure K Sales Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <name>City &amp; County of San Francisco</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>California State University</name>
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        <name>Grand River Dam Authority</name>
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        <name>City of Philadelphia PA Water &amp; Wastewater Revenue</name>
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        <name>North Texas Tollway Authority</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>District of Columbia Income Tax</name>
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          <isin value="US25477GUK92"/>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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          <isin value="US544525ZE16"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
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          <isin value="US605581JP39"/>
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        <fairValLevel>2</fairValLevel>
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        <name>American Municipal Power, Inc.</name>
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      <invstOrSec>
        <name>City &amp; County Honolulu Wastewater System</name>
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        <name>Private Colleges &amp; Universities Authority</name>
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        <name>City of New York</name>
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        <name>District of Columbia Income Tax</name>
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        <name>Energy Northwest</name>
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        <name>California State University</name>
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        <name>Oklahoma Turnpike Authority</name>
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        <invCountry>US</invCountry>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>New York State Dormitory Authority</name>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</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>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of Mississippi</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Long Island Power Authority</name>
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        <name>City of San Antonio</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>City of New York</name>
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        <name>Empire State Development Corp.</name>
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        <name>Round Rock Independent School District</name>
        <lei>N/A</lei>
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        <name>Aldine Independent School District</name>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
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      <invstOrSec>
        <name>City of Los Angeles</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-01</maturityDt>
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        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-15</maturityDt>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
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        <name>Pennsylvania Turnpike Commission</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>State of Michigan Trunk Line</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-15</maturityDt>
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        <name>State of New Mexico</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>New York City Municipal Water Finance Authority</name>
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        <name>City of Columbus</name>
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        <fairValLevel>2</fairValLevel>
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        <name>West Virginia Parkways Authority</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Riverside County Transportation Commission</name>
        <lei>5493003G0IESJS57M350</lei>
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        <name>Palm Beach County School District</name>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Northwest</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>King County School District No. 414 Lake Washington</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Columbus Regional Airport Authority</name>
        <lei>N/A</lei>
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          <isin value="US199546DX74"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-01-01</maturityDt>
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      <invstOrSec>
        <name>Missouri Highway &amp; Transportation Commission</name>
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          <isin value="US60636WRK35"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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          <isin value="US153476GM26"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
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          <isin value="US64966Q2M12"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7765970.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois State Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>City of Philadelphia</name>
        <lei>549300IVFOPB4AG7UL47</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2023A-1</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>Long Island Power Authority</name>
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        <name>Virginia College Building Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>San Francisco Bay Area Rapid Transit District</name>
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        <name>Michigan State Building Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>District of Columbia Income Tax</name>
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        <name>Chabot-Las Positas Community College District</name>
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        <name>County of Miami-Dade</name>
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        <name>State of Nevada</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>State of Oregon Department of Transportation</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>Richardson Independent School District</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>New York State Thruway Authority</name>
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        <name>Monroe County Industrial Development Corp.</name>
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        <name>City of Houston</name>
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        <name>Long Island Power Authority</name>
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        <name>Austin Independent School District</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Upper Arlington City School District</name>
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        <name>City of New York</name>
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        <name>San Francisco Bay Area Rapid Transit District Sales Tax</name>
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        <name>New York Power Authority</name>
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        <name>New Mexico Finance Authority</name>
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        <name>Sacramento Area Flood Control Agency</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>City of San Francisco</name>
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        <name>New York Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of San Jose</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>City of Durham</name>
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        <name>Anaheim Public Financing Authority</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>Los Angeles Unified School District</name>
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        <name>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax</name>
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        <name>Metropolitan Transportation Authority</name>
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      <invstOrSec>
        <name>Delaware River Port Authority</name>
        <lei>549300OBM31KJO8JR048</lei>
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        <curCd>USD</curCd>
        <valUSD>904279.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Series 2020A</title>
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          <isin value="US71883RQC06"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Bexar</name>
        <lei>N/A</lei>
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          <isin value="US0882815N64"/>
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        <curCd>USD</curCd>
        <valUSD>4605829.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FW917"/>
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        <balance>6155000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772KCL17"/>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orlando Utilities Commission</name>
        <lei>549300EJR7JVMRXL5D66</lei>
        <title>Orlando Utilities Commission, Series 2024B</title>
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          <isin value="US686507MH43"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3226401.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</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 Connecticut Special Tax</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax, Series 2020A</title>
        <cusip>207758A37</cusip>
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          <isin value="US207758A373"/>
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        <balance>4960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5182931.66000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series 2018A-2</title>
        <cusip>709224K57</cusip>
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          <isin value="US709224K576"/>
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        <balance>8340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8371593.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772KNA33"/>
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        <balance>8865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7657003.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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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 2020C</title>
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          <isin value="US57582RB217"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2313566.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US6461365E74"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4160975.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series 2016A-1</title>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2507403.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</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 2024B</title>
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          <isin value="US235219YE62"/>
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        <balance>13020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14410095.92000000</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>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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 2018B</title>
        <cusip>64986DHU2</cusip>
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          <isin value="US64986DHU28"/>
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        <balance>11310000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District, Series D</title>
        <cusip>54438CB84</cusip>
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        <balance>9285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10310284.98000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2022A</title>
        <cusip>20772KPP8</cusip>
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          <isin value="US20772KPP83"/>
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        <valUSD>16740592.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Midway International Airport</name>
        <lei>N/A</lei>
        <title>Chicago Midway International Airport, Series 2023B</title>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2099793.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Virginia</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>City of Los Angeles</name>
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        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <name>District of Columbia</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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      <invstOrSec>
        <name>City of Springfield IL Electric Revenue</name>
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        <name>City of New York</name>
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          <isin value="US64966MHH51"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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          <isin value="US544647DD99"/>
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      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>Houston Independent School District</name>
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        <name>Georgia State Road &amp; Tollway Authority</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>State of North Carolina</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of California</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Georgia</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>State of Illinois</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>State of Connecticut Clean Water Fund - State Revolving Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia College Building Authority</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Massachusetts School Building Authority</name>
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        <name>State of Maryland</name>
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        <name>Boulder Larimer &amp; Weld Counties St Vrain Valley School District Re1J</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>City of Springfield MO Public Utility Revenue</name>
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        <name>San Antonio Water System</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>Energy Northwest</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Lansing Board of Water &amp; Light</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
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        <valUSD>2007204.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark Department of Aviation</name>
        <lei>549300LDD8NZB2EOVG83</lei>
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        <balance>11080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11323589.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
        <lei>N/A</lei>
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          <isin value="US38611TDQ76"/>
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        <balance>9900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8633276.19000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Massachusetts Bay Transportation Authority Sales Tax, Series 2024A</title>
        <cusip>575579W29</cusip>
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          <isin value="US575579W298"/>
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        <balance>30395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31779167.02000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
        <title>Michigan State Building Authority, Series 2019I</title>
        <cusip>594615HA7</cusip>
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          <isin value="US594615HA75"/>
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        <balance>10880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9262678.21000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
        <title>Dallas Fort Worth International Airport, Series 2023B</title>
        <cusip>23503CDD6</cusip>
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          <isin value="US23503CDD65"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1780322.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Miami Beach Redevelopment Agency</name>
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          <isin value="US593237FQ87"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004601.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966QFJ40"/>
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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>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Foothill-Eastern Transportation Corridor Agency</name>
        <lei>N/A</lei>
        <title>Foothill-Eastern Transportation Corridor Agency, Series 2021A</title>
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          <isin value="US345105JL58"/>
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        <balance>9340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8776284.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <cusip>91412HRS4</cusip>
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          <isin value="US91412HRS49"/>
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        <balance>7500000.00000000</balance>
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        <valUSD>8245657.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</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="US65000BDJ44"/>
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        <balance>13530000.00000000</balance>
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        <valUSD>13076160.50000000</valUSD>
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        <invCountry>US</invCountry>
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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>State of Oregon</name>
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        <balance>1500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <valUSD>2033227.60000000</valUSD>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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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 2021A</title>
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          <isin value="US54466HLN43"/>
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        <valUSD>2228571.20000000</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>2033-06-01</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>
        <title>New York City Transitional Finance Authority Future Tax Secured, Series 2022B-1</title>
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        <name>San Mateo County Community College District</name>
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        <name>JEA Water &amp; Sewer System</name>
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        <name>San Diego County Regional Airport Authority</name>
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        <name>Gilbert Water Resource Municipal Property Corp.</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>San Diego Unified School District</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Alabama Public School and College Authority</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Newport Mesa Unified School District</name>
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        <name>Coast Community College District</name>
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        <name>Denver City &amp; County School District No. 1</name>
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        <name>New York State Thruway Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Katy Independent School District</name>
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        <title>Katy Independent School District, Series 2024</title>
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        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2020A</title>
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          <isin value="US54466HJS67"/>
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        <balance>4800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5133393.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Salt Lake City</name>
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          <isin value="US795604CQ86"/>
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        <balance>30000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30737214.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261AK551"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4225065.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
        <lei>N/A</lei>
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        <valUSD>3376593.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2016A</title>
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          <isin value="US650010BD20"/>
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        <balance>2480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2461694.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Coast Community College District</name>
        <lei>N/A</lei>
        <title>Coast Community College District, Series 2006B</title>
        <cusip>190335DF3</cusip>
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          <isin value="US190335DF39"/>
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        <balance>6475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6070620.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>City of Chicago</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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        <balance>2850000.00000000</balance>
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        <valUSD>2933894.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <balance>5000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-01</maturityDt>
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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>2042-02-01</maturityDt>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
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        <name>Austin Community College District</name>
        <lei>N/A</lei>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2023BB</title>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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        <name>Great Lakes Water Authority Water Supply System Revenue</name>
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        <name>City of Colorado Springs Utilities System</name>
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        <name>Empire State Development Corp.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</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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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>State of Illinois</name>
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        <name>New York State Thruway Authority</name>
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        <name>City of New York</name>
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        <name>New Orleans Aviation Board</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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        <name>Newport Mesa Unified School District</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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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204FXD22"/>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Louisiana</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <name>City of San Antonio Electric &amp; Gas Systems</name>
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        <name>Fremont Union High School District</name>
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        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority, Series 2017</title>
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        <name>Douglas County School District No. Re-1 Douglas &amp; Elbert Counties</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>University of California</name>
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      </invstOrSec>
      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DXC7</cusip>
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          <isin value="US13063DXC72"/>
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        <balance>21060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20810396.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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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 2023F</title>
        <cusip>04780MR68</cusip>
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          <isin value="US04780MR689"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2521480.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Nassau County Interim Finance Authority</name>
        <lei>549300DP7LB76W78BR41</lei>
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          <isin value="US631663RB99"/>
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        <balance>945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>982351.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Long Beach Unified School District</name>
        <lei>N/A</lei>
        <title>Long Beach Unified School District, Series A</title>
        <cusip>542433UT2</cusip>
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          <isin value="US542433UT27"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3062674.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2024H-2</title>
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          <isin value="US797356NS79"/>
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        <balance>1220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1273623.76000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Miami University</name>
        <lei>N/A</lei>
        <title>Miami University, Series 2020A</title>
        <cusip>593791JV9</cusip>
        <identifiers>
          <isin value="US593791JV92"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1347393.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2011B</title>
        <cusip>66285WHE9</cusip>
        <identifiers>
          <isin value="US66285WHE93"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>818630.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series B</title>
        <cusip>66285WXB7</cusip>
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          <isin value="US66285WXB70"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>906780.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series 2018B</title>
        <cusip>167593M41</cusip>
        <identifiers>
          <isin value="US167593M419"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6259447.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series F</title>
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          <isin value="US797356RW46"/>
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        <balance>6145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5678164.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Austin Water &amp; Wastewater System</name>
        <lei>N/A</lei>
        <title>City of Austin Water &amp; Wastewater System, Series 2023</title>
        <cusip>052477QC3</cusip>
        <identifiers>
          <isin value="US052477QC37"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6414248.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port of Seattle</name>
        <lei>549300T9UCDUJ3GZL429</lei>
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        <cusip>735389S90</cusip>
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          <isin value="US735389S909"/>
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        <balance>3075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3356681.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261AZW07"/>
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        <balance>3500000.00000000</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>2046-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2021N-2</title>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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        <cusip>544532KQ6</cusip>
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        <curCd>USD</curCd>
        <valUSD>5083454.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Water &amp; Sewer Authority</name>
        <lei>549300OT2FIJQJ5PSH71</lei>
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        <cusip>254845QA1</cusip>
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          <isin value="US254845QA10"/>
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        <balance>14425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14487153.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2021RYRR</title>
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          <isin value="US544647ET33"/>
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        <balance>5050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5048139.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rhode Island Commerce Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DPW29"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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          <isin value="US452252PU70"/>
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        <balance>9765000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chaffey Joint Union High School District</name>
        <lei>N/A</lei>
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          <isin value="US157411RH45"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Commonwealth of Pennsylvania</name>
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        <balance>5000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of New York</name>
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          <isin value="US64966QCS75"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles County Public Works Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Fulton</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Great Lakes Water Authority Water Supply System</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2052-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <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 C</title>
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        <invCountry>US</invCountry>
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        <name>Michigan State Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series FH</title>
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        <name>State of Hawaii</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>County of King</name>
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        <name>North East Independent School District</name>
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        <name>New York Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chaffey Community College District</name>
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        <name>Massachusetts School Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas A&amp;M University</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>District of Columbia</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Pennsylvania Turnpike Commission</name>
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      <invstOrSec>
        <name>City of New York</name>
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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>Port Authority of New York &amp; New Jersey</name>
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        <name>County of Clark</name>
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        <name>State of Mississippi</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
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        <name>Los Angeles Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>School District of Broward County</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Hillsborough Utility</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Utah Transit Authority</name>
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          <maturityDt>2038-06-15</maturityDt>
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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>Metropolitan Pier &amp; Exposition Authority</name>
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          <maturityDt>2029-06-15</maturityDt>
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        <name>Chicago O'Hare International Airport</name>
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          <maturityDt>2033-01-01</maturityDt>
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        <name>State of West Virginia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <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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        <name>County of Montgomery</name>
        <lei>549300GNX5SDUEBKPK13</lei>
        <title>County of Montgomery, Series 2024B</title>
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      <invstOrSec>
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        <name>Nassau County Interim Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <valUSD>7440000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Clark Department of Aviation</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Auburn University</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>Metropolitan Transportation Authority</name>
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        <name>Massachusetts Health &amp; Educational Facilities Authority</name>
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        <name>University of California</name>
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        <name>State of Wisconsin</name>
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        <name>San Antonio Public Facilities Corp.</name>
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        <name>Maine Turnpike Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>University of Arizona (The)</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US646136XH92"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan State Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2025A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
        <title>Dallas Fort Worth International Airport, Series 2020A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
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        <name>State of Illinois</name>
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        <invCountry>US</invCountry>
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        <name>State of California</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Palomar Community College District</name>
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        <name>Georgia Ports Authority</name>
        <lei>N/A</lei>
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          <isin value="US373586HQ22"/>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road</name>
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        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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        <name>University of Washington</name>
        <lei>T8YS5W0N70BYCTHPA429</lei>
        <title>University of Washington, Series 2024A</title>
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        <name>County of Shelby</name>
        <lei>5493000UVZ1EF2SIPO10</lei>
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        <name>Commonwealth of Massachusetts</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Austin Water &amp; Wastewater System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Energy Northwest</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lamar Consolidated Independent School District</name>
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        <name>State of Georgia</name>
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        <invCountry>US</invCountry>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>Chicago O'Hare International Airport</name>
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        <name>State of Illinois</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
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      <invstOrSec>
        <name>Mid-Bay Bridge Authority</name>
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        <name>County of Miami-Dade</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
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        <name>San Jose Unified School District</name>
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      <invstOrSec>
        <name>City of Dallas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Antonio Independent School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>City &amp; County Honolulu Wastewater System</name>
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        <name>State of California</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Port of Seattle</name>
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        <name>Lower Colorado River Authority</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>State of North Carolina</name>
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        <name>Empire State Development Corp.</name>
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        <name>Ohio State University (The)</name>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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          <isin value="US13068XBT54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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          <isin value="US67766WT448"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma Turnpike Authority</name>
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          <isin value="US679111WQ35"/>
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        <balance>5105000.00000000</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>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582R4B98"/>
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        <balance>8025000.00000000</balance>
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        <valUSD>8180423.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts Transportation Fund</name>
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          <isin value="US57604TKE54"/>
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        <balance>16205000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Austin Independent School District</name>
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          <isin value="US052430VG73"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Empire State Development Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Atlanta Department of Aviation</name>
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        <balance>1735000.00000000</balance>
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        <name>State of Hawaii</name>
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        <name>State of California</name>
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        <name>State of Georgia</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>San Diego County Regional Airport Authority</name>
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        <name>New York State Thruway Authority</name>
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        <name>Los Angeles Unified School District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>South Dakota Conservancy District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Environmental Facilities Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wisconsin Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Harris</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Irvine Ranch Water District Water Service Corp.</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan St Louis Sewer District</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Salem-Keizer School District No. 24J</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nebraska Public Power District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Rhode Island Commerce Corp.</name>
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        <name>County of Hennepin</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Northside Independent School District</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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        <name>State of Illinois Sales Tax</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>New York State Thruway Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>City of New York</name>
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        <name>Arizona Board of Regents</name>
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        <name>District of Columbia Income Tax</name>
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        <name>Commonwealth of Massachusetts</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>University of California</name>
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        <name>Private Colleges &amp; Universities Authority</name>
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        <name>Florida Insurance Assistance Interlocal Agency, Inc.</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Multnomah County School District No. 40</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of Connecticut Clean Water Fund - State Revolving Fund</name>
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        <name>New York State Thruway Authority</name>
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        <name>County of King</name>
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        <name>Energy Northwest</name>
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        <name>Bay Area Toll Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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        <name>Carrollton-Farmers Branch Independent School District</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Energy Northwest</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>University of California</name>
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        <name>Delaware Valley Regional Finance Authority</name>
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        <name>State of Utah</name>
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        <name>Empire State Development Corp.</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Tampa Bay Water</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Energy Northwest</name>
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        <name>Virginia College Building Authority</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Commonwealth of Massachusetts Transportation Fund</name>
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        <name>Nassau County Interim Finance Authority</name>
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        <name>New York State Thruway Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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          <isin value="US65829QEB68"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Boulder Larimer &amp; Weld Counties St Vrain Valley School District Re1J</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
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        <name>University of California</name>
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          <isin value="US91412HTP81"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Miami-Dade County Educational Facilities Authority</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Power</name>
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        <name>City of Chicago</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series B</title>
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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>
      <invstOrSec>
        <name>Tampa Bay Water</name>
        <lei>N/A</lei>
        <title>Tampa Bay Water, Series 2024A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Permanent University Fund - Texas A&amp;M University System</name>
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          <isin value="US8821177X64"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
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        <title>New York City Transitional Finance Authority Building Aid, Series 2019S-2A</title>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>380877.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Conroe Independent School District</name>
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          <isin value="US208418T522"/>
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        <balance>7685000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Multnomah County School District No. 1 Portland</name>
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          <isin value="US625517KV84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
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          <isin value="US574204S953"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2065559.60000000</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>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
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          <isin value="US544532AV64"/>
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        <balance>12815000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13380278.62000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2020RYQ</title>
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          <isin value="US544647BU33"/>
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        <balance>100000.00000000</balance>
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        <valUSD>98282.07000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2022</title>
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          <isin value="US246381RJ81"/>
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        <assetCat>DBT</assetCat>
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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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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2019B</title>
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          <isin value="US650010CB54"/>
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        <balance>3685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3574972.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Mesa</name>
        <lei>N/A</lei>
        <title>City of Mesa Utility System, Series 2016</title>
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          <isin value="US590545WD76"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1502656.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>1080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1086248.99000000</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>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Building Aid, Series 2015S-1</title>
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          <isin value="US64972HVS83"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-15</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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        <balance>10000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2019B</title>
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          <isin value="US650010CL37"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority, Series 2017G</title>
        <cusip>646140CQ4</cusip>
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          <isin value="US646140CQ41"/>
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        <balance>2380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2456127.87000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
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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>County of Fairfax</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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        <curCd>USD</curCd>
        <valUSD>9000000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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          <annualizedRt>2.94999935</annualizedRt>
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        <name>State of California</name>
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          <isin value="US13063CYN46"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-15</maturityDt>
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          <annualizedRt>4.45000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <balance>4160000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>State of California</name>
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          <isin value="US13063DAU28"/>
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        <valUSD>7303745.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lower Colorado River Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Judson Independent School District</name>
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        <name>Central Texas Regional Mobility Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Utah Transit Authority</name>
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        <name>City of New York</name>
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          <maturityDt>2038-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Charleston</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</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 2024A-2</title>
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          <isin value="US207758U926"/>
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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>2040-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dublin Unified School District</name>
        <lei>N/A</lei>
        <title>Dublin Unified School District, Series B</title>
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          <isin value="US26362VTG31"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
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          <isin value="US882723ZE28"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Delaware</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Charlotte Water &amp; Sewer System</name>
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        <title>City of Charlotte Water &amp; Sewer System, Series 2024</title>
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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 Illinois</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
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        <name>Westminster School District</name>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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          <maturityDt>2032-01-01</maturityDt>
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        <name>Central Florida Expressway Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</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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          <maturityDt>2031-08-01</maturityDt>
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        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Series 2019A</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Water District of Southern California</name>
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        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>City of New York</name>
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        <name>Southern California Public Power Authority</name>
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        <name>Regional Transportation District Sales Tax</name>
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        <name>Maryland State Transportation Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Bay Area Toll Authority</name>
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        <name>City of New York</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>City of Seattle</name>
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        <name>Texas Department of Transportation State Highway Fund</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>City of Indianapolis Department of Public Utilities Water System</name>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Texas Turnpike System</name>
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        <name>Central Texas Turnpike System</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>University of Alabama (The)</name>
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        <name>Empire State Development Corp.</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Northeast Ohio Regional Sewer District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Conroe Independent School District</name>
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        <name>California State Public Works Board</name>
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        <name>City of Atlanta Water &amp; Wastewater</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <name>University of Michigan</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Utility Debt Securitization Authority</name>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Los Angeles Unified School District</name>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Oklahoma Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971XDQ88"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Washington</name>
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        <valUSD>2555236.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan State Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Denton Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of Houston</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Great Lakes Water Authority Water Supply System</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <maturityDt>2032-08-01</maturityDt>
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        <name>Newport Mesa Unified School District</name>
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        <name>State of California</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
        <lei>549300EE2HJ67TPURL87</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Metropolitan Area Transit Authority</name>
        <lei>N/A</lei>
        <title>Washington Metropolitan Area Transit Authority, Series 2021A</title>
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        <name>Energy Northwest</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>State of Texas</name>
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        <name>JEA Water &amp; Sewer System</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>University of California</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>City of San Antonio</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Rhode Island Commerce Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
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        <name>New York State Thruway Authority</name>
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        <name>Sacramento Municipal Utility District</name>
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        <name>Prosper Independent School District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <name>Empire State Development Corp.</name>
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      <invstOrSec>
        <name>Georgia Ports Authority</name>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Plano Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Los Rios Community College District</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Sacramento Municipal Utility District</name>
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        <name>Curators of the University of Missouri (The)</name>
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        <name>University of Arizona (The)</name>
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        <name>Ohio State University (The)</name>
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        <name>District of Columbia Income Tax</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>University of California</name>
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        <name>San Francisco Bay Area Rapid Transit District</name>
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        <name>University of California</name>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Thruway Authority</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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        <invCountry>US</invCountry>
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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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        <name>Los Angeles Unified School District</name>
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        <name>Monroe County Industrial Development Corp.</name>
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        <name>City of Indianapolis Department of Public Utilities Water System</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>City of Houston</name>
        <lei>N/A</lei>
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          <maturityDt>2049-11-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Antelope Valley Community College District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>State of California</name>
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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>Dallas Fort Worth International Airport</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Jose Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York Power Authority</name>
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          <isin value="US65000XAT72"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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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>Los Angeles Community College District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Maryland Department of Transportation</name>
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          <maturityDt>2029-10-01</maturityDt>
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        <name>State of Georgia</name>
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        <name>State of Connecticut</name>
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        <name>San Antonio Water System</name>
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        <name>State of Georgia</name>
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      <invstOrSec>
        <name>Georgia Ports Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of Washington</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Palm Beach County School District</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>University of California</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>University of California</name>
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        <name>State of Texas</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System Revenue</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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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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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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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>State of North Carolina</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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        <name>William S Hart Union High School District</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Unified School District</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>City of New York</name>
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        <name>Commonwealth of Massachusetts</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>New Jersey Transportation Trust Fund 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>New Jersey Transportation Trust Fund Authority</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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        <name>Alvord Unified School District</name>
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        <name>Grand Parkway Transportation Corp.</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Scott County School District Finance Corp.</name>
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        <name>Rio Hondo Community College District</name>
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        <name>San Diego Unified School District</name>
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      <invstOrSec>
        <name>City of Winston-Salem</name>
        <lei>N/A</lei>
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          <isin value="US975700RC11"/>
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        <curCd>USD</curCd>
        <valUSD>1688871.11000000</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>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Permanent University Fund - University of Texas System</name>
        <lei>549300GZUEUTLKVGLF98</lei>
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          <isin value="US9151158K89"/>
          <other otherDesc="Inhouse Asset ID" value="9151158K8"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1043829.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
        <title>Central Florida Expressway Authority, Series 2021</title>
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          <isin value="US153476GU42"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508631.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2021A</title>
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          <isin value="US64990FZQ08"/>
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        <balance>10210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10978181.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
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          <isin value="US646067EK02"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5572183.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</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 New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966MAY57"/>
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        <balance>5050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5145488.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series D</title>
        <cusip>167593WL2</cusip>
        <identifiers>
          <isin value="US167593WL25"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5115174.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2020A</title>
        <cusip>54466HJY3</cusip>
        <identifiers>
          <isin value="US54466HJY36"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2580494.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2017E</title>
        <cusip>92778VFH6</cusip>
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          <isin value="US92778VFH69"/>
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        <balance>5015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5288324.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2016A</title>
        <cusip>64990CEK3</cusip>
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          <isin value="US64990CEK36"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>922603.80000000</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>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <cusip>574193RH3</cusip>
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          <isin value="US574193RH37"/>
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        <balance>5005000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5340377.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2019A</title>
        <cusip>373385DZ3</cusip>
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          <isin value="US373385DZ36"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001439.50000000</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>City of Austin Electric Utility</name>
        <lei>N/A</lei>
        <title>City of Austin Electric Utility, Series 2020A</title>
        <cusip>052414UE7</cusip>
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          <isin value="US052414UE76"/>
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        <balance>3905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3959166.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <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 2013A-4</title>
        <cusip>67760HKR1</cusip>
        <identifiers>
          <isin value="US67760HKR11"/>
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        <balance>2145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2421846.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.69999880</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2022D-1</title>
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          <isin value="US64966QC734"/>
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        <balance>3625000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <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="US662903RR62"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5273507.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
        <lei>N/A</lei>
        <title>Metropolitan Transportation Authority Dedicated Tax Fund, Series 2024B-1</title>
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          <isin value="US59260XCL01"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10440084.00000000</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>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Austin Independent School District</name>
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      <invstOrSec>
        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Chicago</name>
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        <name>North Texas Tollway Authority</name>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>Utility Debt Securitization Authority, Series 2015</title>
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          <isin value="US91802RBN89"/>
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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 Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974EUW47"/>
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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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Massachusetts Building Authority</name>
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        <invCountry>US</invCountry>
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        <name>State of Illinois</name>
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        <balance>7075000.00000000</balance>
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        <name>Empire State Development Corp.</name>
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        <name>District of Columbia Water &amp; Sewer Authority</name>
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        <name>County of Hamilton</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>State of Illinois</name>
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        <name>Medina Valley Independent School District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Ohio Water Development Authority</name>
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      <invstOrSec>
        <name>Campbell Union High School District</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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          <maturityDt>2030-08-01</maturityDt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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          <maturityDt>2037-01-01</maturityDt>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>Onondaga County Trust for Cultural Resources</name>
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      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
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        <name>New York State Thruway Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
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        <cusip>605581FR3</cusip>
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        <name>University of California</name>
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        <name>Intermountain Power Agency</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>City of Atlanta Water &amp; Wastewater</name>
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        <name>San Diego Public Facilities Financing Authority</name>
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        <name>Michigan State Building Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New York State Thruway Authority</name>
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        <name>City of New York</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Los Angeles Community College District</name>
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        <name>Boulder Larimer &amp; Weld Counties St Vrain Valley School District Re1J</name>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
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        <name>State of Minnesota</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <valUSD>5570024.47000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lower Colorado River Authority</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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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Georgia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Iowa Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dallas Fort Worth International Airport</name>
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          <maturityDt>2048-11-01</maturityDt>
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        <name>State of Kansas Department of Transportation</name>
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        <name>City of New York</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Salem-Keizer School District No. 24J</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-15</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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        <name>City of San Antonio</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>State of Connecticut</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax</name>
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        <invCountry>US</invCountry>
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        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151FYX22"/>
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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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          <isin value="US64990AHX63"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-03-15</maturityDt>
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      <invstOrSec>
        <name>Virginia Public Building Authority</name>
        <lei>N/A</lei>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Texas Water Development Board</name>
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        <name>State of West Virginia</name>
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        <name>State of Louisiana Gasoline &amp; Fuels Tax Revenue</name>
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        <name>East Bay Municipal Utility District Water System</name>
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        <name>State of Hawaii Airports System Revenue</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Metropolitan Atlanta Rapid Transit Authority</name>
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        <name>Chabot-Las Positas Community College District</name>
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        <name>Chabot-Las Positas Community College District</name>
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        <name>University of Arizona (The)</name>
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        <name>San Mateo County Community College District</name>
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        <name>Empire State Development Corp.</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>California State Public Works Board</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Salem-Keizer School District No. 24J</name>
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        <name>Empire State Development Corp.</name>
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        <name>Idaho State Building Authority</name>
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        <name>State of California</name>
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        <name>Empire State Development Corp.</name>
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        <name>Massachusetts School Building Authority</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York</name>
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        <curCd>USD</curCd>
        <valUSD>3269898.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Allegheny</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>2241820.49000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
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          <isin value="US67765QPM23"/>
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        <curCd>USD</curCd>
        <valUSD>1315969.63000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of New Mexico</name>
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          <isin value="US647293ST76"/>
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        <balance>20090000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20844453.83000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US837151K402"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4003605.60000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dallas Area Rapid Transit</name>
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          <isin value="US235241TE61"/>
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        <balance>7510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8097040.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
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          <isin value="US65830RDA41"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2964951.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Foothill-Eastern Transportation Corridor Agency</name>
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          <isin value="US345105BC32"/>
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        <balance>4450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4124894.57000000</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>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority, Series 2025B</title>
        <cusip>8371516P9</cusip>
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          <isin value="US8371516P94"/>
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        <balance>6385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6379514.65000000</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>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151F5J57"/>
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        <balance>3125000.00000000</balance>
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        <valUSD>2820386.88000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>County of Miami-Dade</name>
        <lei>N/A</lei>
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          <isin value="US59334DJM74"/>
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        <balance>18605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17974446.78000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Houston</name>
        <lei>N/A</lei>
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          <isin value="US44244CA982"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>725527.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>City of New York</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
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          <isin value="US917567AR09"/>
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          <maturityDt>2029-06-15</maturityDt>
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      <invstOrSec>
        <name>Las Vegas Valley Water District</name>
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          <isin value="US517845PN73"/>
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        <balance>5085000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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          <isin value="US07133AJJ25"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4195350.40000000</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>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2018A</title>
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        <name>Lower Colorado River Authority</name>
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        <name>Virginia College Building Authority</name>
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          <maturityDt>2030-03-01</maturityDt>
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        <name>City of Austin Water &amp; Wastewater System</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Energy Northwest</name>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of California</name>
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          <isin value="US13063DLG15"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of North Carolina</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Omaha Public Power District</name>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5158696.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-01</maturityDt>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Antonio Water System</name>
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          <isin value="US79642GSA12"/>
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        <balance>3500000.00000000</balance>
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        <valUSD>3905554.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City &amp; County of San Francisco</name>
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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>Oklahoma Turnpike Authority</name>
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          <isin value="US679111D279"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>County of Sacramento</name>
        <lei>N/A</lei>
        <title>County of Sacramento Airport System, Series A</title>
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        <balance>3500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
        <title>Massachusetts Water Resources Authority, Series 2016C</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Central Florida Expressway Authority</name>
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        <name>Palm Beach County School District</name>
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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>City of Tacoma</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>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>University of California</name>
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        <name>Foothill-De Anza Community College District</name>
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        <name>Texas Transportation Commission</name>
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      <invstOrSec>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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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>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Colorado Bridge &amp; Tunnel Enterprise</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Colorado Bridge &amp; Tunnel Enterprise</name>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <name>California State University</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>Texas Water Development Board</name>
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        <name>Empire State Development Corp.</name>
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      <invstOrSec>
        <name>City of Los Angeles</name>
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        <name>State of Illinois</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
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          <isin value="US93974EF435"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>Empire State Development Corp., Series 2020E</title>
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          <isin value="US650036CY08"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5051335.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority, Series 2019</title>
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          <isin value="US45204EY288"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2023A-3</title>
        <cusip>797356JP8</cusip>
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          <isin value="US797356JP86"/>
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        <balance>15500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13834906.30000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series G-1</title>
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          <isin value="US797356EW82"/>
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        <balance>845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>909043.65000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US6459165G86"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1030209.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>City of Philadelphia</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>Empire State Development Corp., Series 2021A</title>
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          <isin value="US64985TCJ88"/>
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        <balance>7500000.00000000</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>2037-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Washington Metropolitan Area Transit Authority</name>
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          <isin value="US93878YBU29"/>
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        <balance>2250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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          <isin value="US64972GZH00"/>
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        <balance>8250000.00000000</balance>
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        <valUSD>7026346.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>North Orange County Community College District</name>
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        <balance>9325000.00000000</balance>
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        <valUSD>8664401.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Orlando Utilities Commission</name>
        <lei>549300EJR7JVMRXL5D66</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
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          <isin value="US88285AFS24"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>Texas Water Development Board</name>
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        <name>City of New York</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Virginia College Building Authority</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Waco Educational Finance Corp.</name>
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        <name>Illinois Finance Authority</name>
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        <name>City of New York</name>
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        <name>Empire State Development Corp.</name>
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        <name>Alabama Corrections Institution Finance Authority</name>
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        <name>Lewisville Independent School District</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>City of Atlanta</name>
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        <name>University of California</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Board</name>
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        <name>New York State Dormitory Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>University of Utah (The)</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971WYE47"/>
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        <curCd>USD</curCd>
        <valUSD>1005950.50000000</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>
      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest, Series 2018C</title>
        <cusip>29270CZ24</cusip>
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          <isin value="US29270CZ249"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1099909.86000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Georgia Ports Authority</name>
        <lei>N/A</lei>
        <title>Georgia Ports Authority, Series 2022</title>
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          <isin value="US373586HV17"/>
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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>2052-07-01</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>
        <name>West Rankin Utility Authority</name>
        <lei>N/A</lei>
        <title>West Rankin Utility Authority, Series 2018</title>
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          <isin value="US955525BY59"/>
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        <balance>13500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14223323.25000000</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>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WF688"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2004951.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
        <title>Kentucky State Property &amp; Building Commission, Series A</title>
        <cusip>49151F4K3</cusip>
        <identifiers>
          <isin value="US49151F4K30"/>
          <other otherDesc="Inhouse Asset ID" value="49151F4K3"/>
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        <balance>2140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2197099.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2019A</title>
        <cusip>373385EF6</cusip>
        <identifiers>
          <isin value="US373385EF62"/>
          <other otherDesc="Inhouse Asset ID" value="373385EF6"/>
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        <balance>5180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5572682.33000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>University of North Texas System</name>
        <lei>N/A</lei>
        <title>University of North Texas System, Series 2025A</title>
        <cusip>914729XH6</cusip>
        <identifiers>
          <isin value="US914729XH63"/>
          <other otherDesc="Inhouse Asset ID" value="914729XH6"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>554897.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DH27</cusip>
        <identifiers>
          <isin value="US13063DH275"/>
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        <balance>3935000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4211776.10000000</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>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest, Series 2018C</title>
        <cusip>29270C2F1</cusip>
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          <isin value="US29270C2F12"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1044904.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority, Series B</title>
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          <isin value="US837151RT83"/>
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        <balance>5690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5589522.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association, Series 2025A</title>
        <cusip>45130ADQ5</cusip>
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          <isin value="US45130ADQ58"/>
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        <balance>17000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15162815.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Series 2015C</title>
        <cusip>59447TFF5</cusip>
        <identifiers>
          <isin value="US59447TFF57"/>
          <other otherDesc="Inhouse Asset ID" value="59447TFF5"/>
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        <balance>5600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5599536.32000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Series 2019</title>
        <cusip>65830RCR8</cusip>
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          <isin value="US65830RCR84"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1638598.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
        <title>Texas Department of Transportation State Highway Fund, Series 2015</title>
        <cusip>88283LJY3</cusip>
        <identifiers>
          <isin value="US88283LJY39"/>
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        <balance>4810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4949424.58000000</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ventura County Community College District</name>
        <lei>N/A</lei>
        <title>Ventura County Community College District, Series 2008C</title>
        <cusip>923040DG1</cusip>
        <identifiers>
          <isin value="US923040DG12"/>
          <other otherDesc="Inhouse Asset ID" value="923040DG1"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13632024.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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 2024</title>
        <cusip>70914P3U4</cusip>
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          <isin value="US70914P3U49"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2741554.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>State of Ohio</name>
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        <name>University of California</name>
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        <name>State of Illinois</name>
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        <name>Orlando Utilities Commission</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 Maryland</name>
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        <name>State of Illinois Sales Tax</name>
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        <name>Via Metropolitan Transit Advanced Transportation District Sales Tax</name>
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      <invstOrSec>
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        <name>State of Maryland</name>
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        <name>State of Kansas Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Philadelphia</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Empire State Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Long Beach Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Northern California Sanitation Agencies Financing Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772KRS05"/>
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        <balance>660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>691898.99000000</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>2027-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US837151ZZ51"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8358982.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772JD252"/>
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        <curCd>USD</curCd>
        <valUSD>2307193.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
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          <isin value="US650036CB05"/>
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        <balance>32665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26519593.09000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
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          <isin value="US65830VAM28"/>
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        <balance>2340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>926301.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2016F</title>
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          <isin value="US3733846K70"/>
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        <balance>2805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2903156.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Denver Airport System</name>
        <lei>N/A</lei>
        <title>City &amp; County of Denver Airport System, Series 2023A</title>
        <cusip>249182UE4</cusip>
        <identifiers>
          <isin value="US249182UE45"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1063561.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2021A</title>
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          <isin value="US373385HU03"/>
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        <balance>27000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27298528.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
        <lei>54930055TIDYHNDP4F84</lei>
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        <cusip>79766DTU3</cusip>
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          <isin value="US79766DTU36"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3253685.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Series 2021A</title>
        <cusip>60412AWJ8</cusip>
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          <isin value="US60412AWJ86"/>
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        <balance>8540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9271692.68000000</valUSD>
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        <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>
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        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <cusip>73358XKV3</cusip>
        <identifiers>
          <isin value="US73358XKV37"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3272478.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clackamas County School District No. 12 North Clackamas</name>
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        <cusip>179093JM2</cusip>
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          <isin value="US179093JM21"/>
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        <balance>1480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1513298.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
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        <cusip>92818HXA4</cusip>
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          <isin value="US92818HXA49"/>
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        <balance>2685000.00000000</balance>
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        <valUSD>2908086.98000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Series 2020DD-2</title>
        <cusip>64972GWH3</cusip>
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          <isin value="US64972GWH37"/>
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        <balance>5375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5428180.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</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>
        <title>New York City Transitional Finance Authority Future Tax Secured, Series 2020A-2</title>
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          <isin value="US64971XLG15"/>
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        <curCd>USD</curCd>
        <valUSD>3475110.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Westminster Water &amp; Wastewater Utility Revenue</name>
        <lei>N/A</lei>
        <title>City of Westminster Water &amp; Wastewater Utility, Series 2024</title>
        <cusip>960686EQ2</cusip>
        <identifiers>
          <isin value="US960686EQ28"/>
          <other otherDesc="Inhouse Asset ID" value="960686EQ2"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4092696.00000000</valUSD>
        <pctVal>0.010555659537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <name>Empire State Development Corp.</name>
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        <name>City of New York</name>
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        <name>Oklahoma City Water Utilities Trust</name>
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        <name>City of Columbus</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>City of San Antonio</name>
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        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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        <name>County of Miami-Dade</name>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>City &amp; County of Denver</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
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        <valUSD>2423348.71000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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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          <maturityDt>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>State of Connecticut</name>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4246286.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Nevada</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>E-470 Public Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <balance>6050000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971XQG69"/>
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        <balance>4750000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Montgomery</name>
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          <isin value="US6133408B71"/>
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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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts School Building Authority</name>
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        <balance>5500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <balance>5725000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Long Island Power Authority</name>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.90000020</annualizedRt>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>New York City Transitional Finance Authority, Series 2024B</title>
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          <isin value="US64972JAY47"/>
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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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        <name>Empire State Development Corp.</name>
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        <name>Los Angeles Community College District</name>
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        <name>Alamo Community College District</name>
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        <name>Long Island Power Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of California</name>
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        <name>University of California</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>County of Jefferson</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Massachusetts Transportation Trust Fund Metropolitan Highway System</name>
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      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2021</title>
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          <isin value="US8828546U17"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Shelby</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Dallas</name>
        <lei>N/A</lei>
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          <isin value="US23542JFW09"/>
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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>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <curCd>USD</curCd>
        <valUSD>5782337.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Dallas Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US235308ZA42"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5273462.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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        <title>Texas Water Development Board, Series 2020</title>
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          <isin value="US8828544V18"/>
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        <balance>6000000.00000000</balance>
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        <valUSD>5038153.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Fairfax</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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        <valUSD>5169470.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Texas Water Development Board</name>
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        <title>Texas Water Development Board, Series 2020</title>
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          <isin value="US8828543L45"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>State of Mississippi</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>San Antonio Water System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority</name>
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          <maturityDt>2037-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
        <title>Missouri Highway &amp; Transportation Commission, Series 2019B</title>
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          <isin value="US60636WSP13"/>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Intermountain Power Agency</name>
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          <isin value="US45884AA608"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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          <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>
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          <isin value="US207758ZY22"/>
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        <balance>5565000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>California State Public Works Board</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>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
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          <isin value="US1675936M90"/>
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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>Pennsylvania Turnpike Commission</name>
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          <isin value="US709225GL46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>School Board of Miami-Dade County (The)</name>
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          <isin value="US59333MW764"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Atlanta Water &amp; Wastewater</name>
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          <isin value="US047870RK88"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County Honolulu Wastewater System</name>
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          <isin value="US4387014E11"/>
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        <balance>5175000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Miami-Dade FL Aviation Revenue</name>
        <lei>N/A</lei>
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          <isin value="US593340AD40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Macon Water Authority</name>
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          <isin value="US555758KB69"/>
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        <name>State of New Jersey</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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        <name>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
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        <invCountry>US</invCountry>
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        <name>State of Illinois</name>
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          <isin value="US452153CR88"/>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>District of Columbia</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>E-470 Public Highway Authority</name>
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        <name>New York State Thruway Authority</name>
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          <maturityDt>2040-05-01</maturityDt>
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        <name>Northwest Independent School District</name>
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        <name>Virginia Public School Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-15</maturityDt>
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        <name>Northern California Sanitation Agencies Financing Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>State of Georgia</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2021A</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-02-01</maturityDt>
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        <name>West Valley-Mission Community College District</name>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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          <isin value="US646140EU35"/>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia</name>
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          <isin value="US25476FUX40"/>
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        <balance>4060000.00000000</balance>
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        <curCd>USD</curCd>
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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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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WR402"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
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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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          <isin value="US73358XKW10"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lodi Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US540261LY89"/>
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        <balance>11490000.00000000</balance>
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        <valUSD>8898961.34000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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        <cusip>13063DEF1</cusip>
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          <isin value="US13063DEF15"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5188634.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2019A</title>
        <cusip>64990GNM0</cusip>
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          <isin value="US64990GNM05"/>
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        <curCd>USD</curCd>
        <valUSD>1038946.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <valUSD>5400130.55000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-03-15</maturityDt>
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        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
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        <valUSD>2840806.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>Utility Debt Securitization Authority, Series 2023TE-1</title>
        <cusip>91802RGJ2</cusip>
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          <isin value="US91802RGJ23"/>
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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>Permanent University Fund - University of Texas System</name>
        <lei>549300GZUEUTLKVGLF98</lei>
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          <isin value="US9151154E65"/>
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        <balance>2700000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>Utility Debt Securitization Authority, Series 2016A</title>
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          <isin value="US91802RCH03"/>
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        <balance>9460000.00000000</balance>
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        <valUSD>9622991.07000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-15</maturityDt>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2024A</title>
        <cusip>544647HR4</cusip>
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          <isin value="US544647HR40"/>
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        <balance>3610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4100435.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Dulles Toll Road</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
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        <name>State of Mississippi</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</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>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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          <isin value="US45506DYX73"/>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Fairfax</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-15</maturityDt>
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        <name>San Diego Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Georgia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Palm Beach County School District</name>
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        <balance>1250000.00000000</balance>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New Haven Unified School District</name>
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        <name>Metropolitan Water District of Southern California</name>
        <lei>5493003GD0S0P56RLT45</lei>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <balance>3100000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Sacramento Transportation Authority Sales Tax</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>Los Angeles County Public Works Financing Authority</name>
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        <name>Conroe Independent School District</name>
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        <name>City of New York</name>
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        <name>Los Angeles Unified School District</name>
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        <name>California Educational Facilities Authority</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2019D</title>
        <cusip>64990FPR9</cusip>
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          <isin value="US64990FPR90"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1945590.40000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2019B</title>
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          <isin value="US66285WZL35"/>
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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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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452153KB45"/>
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        <balance>2385000.00000000</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>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of San Antonio</name>
        <lei>5493002G2FEH20Q4GQ04</lei>
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          <isin value="US79625GLM32"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3191262.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
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          <isin value="US181059TC03"/>
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        <balance>4715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4762610.66000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2024B</title>
        <cusip>20772KVR7</cusip>
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          <isin value="US20772KVR75"/>
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        <balance>7750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7370983.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
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          <isin value="US65830RCZ01"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3506599.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series 2021A</title>
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          <isin value="US709225BB19"/>
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        <balance>14595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13206201.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Miracosta Community College District</name>
        <lei>N/A</lei>
        <title>Miracosta Community College District, Series B</title>
        <cusip>604617CA6</cusip>
        <identifiers>
          <isin value="US604617CA67"/>
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        <balance>17405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16602098.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Virginia Parkways Authority</name>
        <lei>N/A</lei>
        <title>West Virginia Parkways Authority, Series 2021</title>
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          <isin value="US956510BY62"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3554494.30000000</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>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
        <title>Palm Beach County School District, Series 2025A</title>
        <cusip>696550L91</cusip>
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          <isin value="US696550L916"/>
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        <balance>3740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3968919.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority, Series 2018A</title>
        <cusip>70917S4A8</cusip>
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          <isin value="US70917S4A80"/>
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        <balance>14040000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2022C</title>
        <cusip>650028ZP1</cusip>
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          <isin value="US650028ZP10"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5036143.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
        <lei>N/A</lei>
        <title>District of Columbia Income Tax, Series 2023A</title>
        <cusip>25477GVV4</cusip>
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          <isin value="US25477GVV49"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3219650.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063CR85</cusip>
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          <isin value="US13063CR854"/>
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        <balance>6210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6362548.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Series 2021B</title>
        <cusip>60412AXA6</cusip>
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          <isin value="US60412AXA68"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3014781.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Series 2018FF</title>
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          <isin value="US64972GRW68"/>
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        <balance>5750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5865332.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-15</maturityDt>
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      <invstOrSec>
        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</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>2030-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Pierce County School District No. 403 Bethel</name>
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        <invCountry>US</invCountry>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>New York Power Authority</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>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>Mid-Bay Bridge Authority</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City of Chicago Waterworks</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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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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      <invstOrSec>
        <name>Gilbert Water Resource Municipal Property Corp.</name>
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          <isin value="US37530ABW71"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
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          <isin value="US574193UP16"/>
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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>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Palm Beach County School District</name>
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        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Public Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of St. Louis</name>
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        <invCountry>US</invCountry>
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        <name>Grayson County Junior College District/TX</name>
        <lei>N/A</lei>
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        <name>University of California</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>San Marcos Consolidated Independent School District</name>
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        <name>San Jose Unified School District</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Board of Regents of the University of Texas System</name>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US544647AV25"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966QBK58"/>
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        <balance>1075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1101515.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US8371514T35"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4065402.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <isin value="US20775DUY65"/>
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        <balance>7600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7541752.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2025A</title>
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          <isin value="US544647JW17"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5581164.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 205</title>
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          <isin value="US73358WP246"/>
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        <balance>2655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2682048.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2021BH</title>
        <cusip>91412HJF1</cusip>
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          <isin value="US91412HJF10"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5079296.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Anne Arundel</name>
        <lei>549300L8Q6EFVTZGWW41</lei>
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          <isin value="US03588HN850"/>
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        <balance>2225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2240950.58000000</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>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series R-2022C</title>
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          <isin value="US93974EVY93"/>
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        <balance>53230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55364139.74000000</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>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southwestern Community College District</name>
        <lei>N/A</lei>
        <title>Southwestern Community College District, Series C</title>
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          <isin value="US845389EX97"/>
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        <balance>1920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>701775.74000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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          <isin value="US07133AHJ43"/>
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        <balance>5915000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5417408.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Long Beach</name>
        <lei>N/A</lei>
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          <isin value="US542424VE32"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Omaha Public Power District Nebraska City Station Unit 2</name>
        <lei>N/A</lei>
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          <isin value="US682004FJ05"/>
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        <balance>9815000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-01</maturityDt>
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      <invstOrSec>
        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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        <balance>2520000.00000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan State University</name>
        <lei>N/A</lei>
        <title>Michigan State University, Series 2019B</title>
        <cusip>594712VE8</cusip>
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          <isin value="US594712VE83"/>
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        <balance>6005000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles County Facilities, Inc.</name>
        <lei>N/A</lei>
        <title>Los Angeles County Facilities, Inc., Series 2018A</title>
        <cusip>54531FAT8</cusip>
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          <isin value="US54531FAT84"/>
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        <balance>2305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2108040.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority, Series 2025A</title>
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        <balance>11615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12023579.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>California State University</name>
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      <invstOrSec>
        <name>California School Facilities Financing Authority</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>State of Maryland</name>
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        <name>Energy Northwest</name>
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        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Illinois Sales Tax</name>
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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>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US64990GJR48"/>
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        <balance>18785000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Mississippi</name>
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        <balance>1650000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland</name>
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          <isin value="US574193UY23"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5153639.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
        <title>Clark County School District, Series 2015C</title>
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          <isin value="US181059TB20"/>
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        <balance>3050000.00000000</balance>
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        <valUSD>3051863.86000000</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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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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        <balance>2930000.00000000</balance>
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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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        <name>Miami-Dade County Expressway Authority</name>
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          <isin value="US59334KFV52"/>
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        <balance>975000.00000000</balance>
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        <valUSD>975640.19000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Texas</name>
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        <balance>1500000.00000000</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>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Fremont Union High School District</name>
        <lei>N/A</lei>
        <title>Fremont Union High School District, Series 2023</title>
        <cusip>357172L94</cusip>
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          <isin value="US357172L943"/>
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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>2048-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204FXA82"/>
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        <balance>7640000.00000000</balance>
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        <valUSD>8394924.44000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <balance>5265000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2023A</title>
        <cusip>92778VMW5</cusip>
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          <isin value="US92778VMW53"/>
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        <balance>3375000.00000000</balance>
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        <valUSD>3654062.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2024C</title>
        <cusip>20772KWB1</cusip>
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          <isin value="US20772KWB15"/>
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        <balance>6965000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7588165.52000000</valUSD>
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        <name>University of Colorado</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>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-03-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>City of Seattle</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northeast Ohio Regional Sewer District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Georgia Ports Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Metropolitan St Louis Sewer District</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <invCountry>US</invCountry>
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        <name>Pennsylvania Turnpike Commission Oil Franchise Tax</name>
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          <maturityDt>2048-12-01</maturityDt>
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        <name>Clear Creek Independent School District</name>
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        <name>Philadelphia Gas Works Co.</name>
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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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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio State University (The)</name>
        <lei>JFC10ZULKO4X2E3HBY86</lei>
        <title>Ohio State University (The), Series 2021A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JEA Electric System Revenue</name>
        <lei>N/A</lei>
        <title>JEA Electric System, Series 2024A-3</title>
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          <isin value="US46613SSB78"/>
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        <balance>2975000.00000000</balance>
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        <valUSD>3335174.03000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</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>
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          <isin value="US44244CGY75"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>1992160.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Bridge &amp; Tunnel Enterprise</name>
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        <title>Colorado Bridge &amp; Tunnel Enterprise, Series 2024B</title>
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          <isin value="US19633WAH79"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Ysidro School District</name>
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        <balance>3540000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Board of Regents of the University of Texas System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of Alabama (The)</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>Houston Independent School District</name>
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        <name>Adams &amp; Arapahoe Joint School District 28J Aurora</name>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-15</maturityDt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <name>Auburn University</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>City of Phoenix</name>
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        <name>State of Ohio</name>
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        <name>State of Michigan Trunk Line</name>
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          <maturityDt>2027-11-15</maturityDt>
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        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Battery Park City Authority</name>
        <lei>549300RF3SFDOWRHVM56</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-11-01</maturityDt>
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      <invstOrSec>
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        <name>University of Oklahoma (The)</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>University of Utah (The)</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Energy Northwest</name>
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        <name>Empire State Development Corp.</name>
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        <name>California State Public Works Board</name>
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      </invstOrSec>
      <invstOrSec>
        <name>JEA Electric System</name>
        <lei>FTZJK89L6NCYPIPKZN93</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>Missouri Joint Municipal Electric Utility Commission, Series 2025</title>
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          <isin value="US606092QC19"/>
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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>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="US271014T513"/>
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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>City of Chicago</name>
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          <isin value="US167486T825"/>
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        <balance>25000000.00000000</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>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US64613CDV72"/>
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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>2033-06-15</maturityDt>
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      <invstOrSec>
        <name>State of Illinois</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver Airport System</name>
        <lei>N/A</lei>
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          <isin value="US249182UD61"/>
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        <balance>750000.00000000</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>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2021RYRR</title>
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          <isin value="US544647EW61"/>
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        <balance>3250000.00000000</balance>
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        <valUSD>3164997.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Georgia</name>
        <lei>N/A</lei>
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          <isin value="US373385KB84"/>
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        <balance>8500000.00000000</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>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US73358XLD20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alameda Corridor Transportation Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2048-10-01</maturityDt>
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        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DLJ53"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-04-01</maturityDt>
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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>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Series 2024B</title>
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          <isin value="US45204FWZ43"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp., Series 2024A</title>
        <cusip>79467BJB2</cusip>
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          <isin value="US79467BJB27"/>
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        <balance>6000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Series 2019FF-2</title>
        <cusip>64972GTD6</cusip>
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          <isin value="US64972GTD69"/>
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        <balance>9245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9116907.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
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        <name>Virginia College Building Authority</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>California State Public Works Board</name>
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        <name>Central Florida Expressway Authority</name>
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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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        <name>Georgia Ports Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Private Colleges &amp; Universities Authority</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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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>City of Seattle</name>
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        <name>Washington Metropolitan Area Transit Authority Dedicated</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
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        <name>Comal Independent School District</name>
        <lei>N/A</lei>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Escondido Union High School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of California</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Miami-Dade</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
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          <isin value="US64972GYG36"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Hawaii Airports System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Texas Water Development Board</name>
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          <isin value="US88285ABJ60"/>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia Income Tax</name>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Commonwealth of Massachusetts</name>
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        <name>San Diego Unified School District</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>University of California</name>
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      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
        <lei>N/A</lei>
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        <name>New York City Transitional Finance Authority</name>
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        <name>District of Columbia Income Tax</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>Alabama Federal Aid Highway Finance Authority</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>State of California</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>City of San Antonio</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Austin Independent School District</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>University of Colorado</name>
        <lei>549300HU7D08HY4MKX37</lei>
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        <name>New York State Dormitory Authority</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Board</name>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand Parkway Transportation Corp.</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>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chesapeake Bay Bridge &amp; Tunnel District</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>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <name>City of New York</name>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>Maryland Stadium Authority</name>
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        <name>City of Houston Combined Utility System</name>
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        <name>City &amp; County of Honolulu</name>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
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        <name>Allegheny County Sanitary Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-01</maturityDt>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Delaware</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>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>None</couponKind>
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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>
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        <fairValLevel>2</fairValLevel>
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        <name>San Diego County Water Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lewisville Independent School District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Series 2023A</title>
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        <name>Georgia State Road &amp; Tollway Authority</name>
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        <name>Illinois Municipal Electric Agency</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>State of California</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>San Diego Unified School District</name>
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        <name>Georgia State Road &amp; Tollway Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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          <maturityDt>2037-11-01</maturityDt>
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        <name>Michigan State University</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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          <isin value="US709224DX46"/>
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        <invCountry>US</invCountry>
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        <name>New York State Dormitory Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Florida Insurance Assistance Interlocal Agency, Inc.</name>
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        <name>City of Columbus</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas State University System</name>
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        <name>State of Colorado</name>
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        <name>California State University</name>
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          <isin value="US13077DAV47"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>State Public School Building Authority</name>
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        <name>Gwinnett County School District</name>
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        <name>Virginia Port Authority Commonwealth Port Fund</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>City of Austin</name>
        <lei>IW10PQVTU7HKS3JMW253</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>New York State Thruway Authority</name>
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        <name>City of Philadelphia PA Water &amp; Wastewater Revenue</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AQA87"/>
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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>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
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          <isin value="US88278PYL20"/>
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        <valUSD>1952722.91000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Illinois</name>
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          <isin value="US452152U254"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2020599.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US65000BLP12"/>
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        <balance>940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>794079.29000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
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          <isin value="US20772KVP10"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3232835.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-15</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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        <balance>1625000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Gwinnett County School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Fulton</name>
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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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      <invstOrSec>
        <name>Florida Insurance Assistance Interlocal Agency, Inc.</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Prince George's</name>
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        <invCountry>US</invCountry>
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        <name>State of Louisiana Gasoline &amp; Fuels Tax Revenue</name>
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        <invCountry>US</invCountry>
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        <name>Commonwealth of Massachusetts</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <name>Central Texas Turnpike System</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>California State University</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>California State University</name>
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        <name>State of Connecticut</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>Sacramento Municipal Utility District</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Utah Transit Authority</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>City of New York</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Houston Higher Education Finance Corp.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Massachusetts Development Finance Agency</name>
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      <invstOrSec>
        <name>City &amp; County Honolulu Wastewater System</name>
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      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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      <invstOrSec>
        <name>Alabama Public School and College Authority</name>
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        <name>State of Georgia</name>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Augusta Water &amp; Sewer</name>
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          <isin value="US051249LL22"/>
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        <balance>2200000.00000000</balance>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago</name>
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        <balance>7000000.00000000</balance>
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        <valUSD>7336167.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Energy Northwest</name>
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          <isin value="US29270C4M45"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Tyler Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Maryland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Jacksonville</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <title>New York City Transitional Finance Authority Future Tax Secured, Series 2021D-1</title>
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        <name>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US73358XJJ28"/>
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        <name>State of Illinois</name>
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        <name>Coast Community College District</name>
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        <name>Virginia Public Building Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2043-08-01</maturityDt>
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        <name>Chicago O'Hare International Airport</name>
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        <name>JEA Electric System Revenue</name>
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        <name>District of Columbia</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Central Valley Water Reclamation Facility</name>
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        <name>State of Georgia</name>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Upper Merion Area School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Tacoma Electric System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <name>County of Jefferson</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Los Angeles Community College District</name>
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        <name>State of California</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Kansas Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northeast Ohio Regional Sewer District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063D7R34"/>
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        <balance>9865000.00000000</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>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261ATK33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Collin County Community College District</name>
        <lei>N/A</lei>
        <title>Collin County Community College District, Series 2020A</title>
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        <identifiers>
          <isin value="US194741HT47"/>
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        <balance>2015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1982643.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Connecticut Special Tax</name>
        <lei>N/A</lei>
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          <isin value="US207758XZ15"/>
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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>Denver City &amp; County School District No. 1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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          <isin value="US64972HC590"/>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>San Marcos Unified School District</name>
        <lei>N/A</lei>
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        <balance>1500000.00000000</balance>
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        <name>East Bay Municipal Utility District Water System</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
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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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia</name>
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        <name>Texas Water Development Board</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Energy Northwest</name>
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        <name>Adams &amp; Arapahoe Joint School District 28J Aurora</name>
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        <name>State of Washington</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>Energy Northwest</name>
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        <name>JEA Water &amp; Sewer System</name>
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        <name>Illinois Finance Authority</name>
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        <name>Comal Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dallas Independent School District</name>
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        <name>Northern California Sanitation Agencies Financing Authority</name>
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        <name>Iowa Finance Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>New York State Thruway Authority</name>
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        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-15</maturityDt>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System</name>
        <lei>N/A</lei>
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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>Virginia College Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US92778VCX47"/>
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        <curCd>USD</curCd>
        <valUSD>4312095.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
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        <valUSD>3734017.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Miami-Dade County Educational Facilities Authority</name>
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        <title>Miami-Dade County Educational Facilities Authority, Series 2024B</title>
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          <isin value="US59333APM70"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Georgia Ports Authority</name>
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          <isin value="US373586HR05"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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        <balance>25475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22930251.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Utah</name>
        <lei>254900RWV9NSVUZONC07</lei>
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          <isin value="US917542XC17"/>
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        <balance>1470000.00000000</balance>
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        <valUSD>1567570.81000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
        <title>Missouri Highway &amp; Transportation Commission, Series 2022A</title>
        <cusip>60636WTB1</cusip>
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          <isin value="US60636WTB18"/>
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        <balance>15000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Minnesota</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</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>San Francisco Bay Area Rapid Transit District</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-11-01</maturityDt>
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        <name>Chabot-Las Positas Community College District</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series 2020A</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Carolina Transportation Infrastructure Bank</name>
        <lei>549300YI1NMCP4VLJN43</lei>
        <title>South Carolina Transportation Infrastructure Bank, Series 2017A</title>
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        <name>Virginia Public Building Authority</name>
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        <name>New York State Environmental Facilities Corp.</name>
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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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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971WM640"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
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          <maturityDt>2030-03-15</maturityDt>
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        <name>State of Connecticut</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>State of Florida</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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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>Coast Community College District</name>
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        <name>Indiana Finance Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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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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          <maturityDt>2031-01-15</maturityDt>
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        <name>Bay Area Toll Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-04-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FLD41"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45505MJK36"/>
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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>Metropolitan Transportation Authority</name>
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          <isin value="US59261AJQ13"/>
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        <balance>6500000.00000000</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>2030-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45204ED704"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2001784.00000000</valUSD>
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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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
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          <isin value="US88213ALD53"/>
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        <balance>5640000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5785512.56000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Elk Grove Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US287281XQ71"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WUY01"/>
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        <balance>5490000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DQW10"/>
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        <balance>5795000.00000000</balance>
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        <valUSD>5276688.83000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>City of New York</name>
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          <isin value="US64966MRB71"/>
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        <balance>5680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5773343.98000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Dallas</name>
        <lei>N/A</lei>
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          <isin value="US235219XM97"/>
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        <valUSD>22739348.14000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Orlando Utilities Commission</name>
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        <balance>1500000.00000000</balance>
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        <valUSD>1671939.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois State Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-01</maturityDt>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>State of Illinois</name>
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          <isin value="US452153FJ36"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <balance>4800000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <name>State of Maryland Department of Transportation</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Temple University-of The Commonwealth System of Higher Education</name>
        <lei>549300SCHVPNNFRR3L71</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Riverside Community College District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
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          <isin value="US91802RFF10"/>
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        <curCd>USD</curCd>
        <valUSD>6115943.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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          <isin value="US59447TSN45"/>
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        <curCd>USD</curCd>
        <valUSD>1717203.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063DLS52"/>
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        <balance>2880000.00000000</balance>
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        <valUSD>3024259.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Poway Unified School District</name>
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        <balance>1500000.00000000</balance>
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        <valUSD>726988.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063ECB02"/>
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        <balance>6440000.00000000</balance>
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        <valUSD>6850354.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2023B</title>
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          <isin value="US92778VNF12"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6692970.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland</name>
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          <isin value="US574193WD67"/>
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        <balance>35000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38043421.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Kansas Department of Transportation</name>
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          <isin value="US485424ST32"/>
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        <balance>13315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13933340.61000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clackamas County School District No. 12 North Clackamas</name>
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        <balance>8200000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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        <name>City of New York</name>
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          <isin value="US64966Q3H18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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          <isin value="US25476FXL74"/>
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        <balance>5000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <balance>13000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Hawaii</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northern California Sanitation Agencies Financing Authority</name>
        <lei>549300MSDPX3EYMUYV38</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Philadelphia</name>
        <lei>N/A</lei>
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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>Mendocino-Lake Community College District</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>Commonwealth of Pennsylvania</name>
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      <invstOrSec>
        <name>University of California</name>
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        <name>State of Mississippi</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Boulder Larimer &amp; Weld Counties St Vrain Valley School District Re1J</name>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Prosper 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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          <isin value="US8371515S43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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          <isin value="US592112UU84"/>
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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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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District Water System, Series 2025A</title>
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          <isin value="US271014T448"/>
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        <balance>3335000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US576000RY18"/>
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        <balance>26555000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-15</maturityDt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <balance>3000000.00000000</balance>
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        <valUSD>3146779.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Jose Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>Southwestern Community College District</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Oklahoma City Water Utilities Trust</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2024BS</title>
        <cusip>91412HQQ9</cusip>
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        <name>Commonwealth of Massachusetts</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>East Bay Municipal Utility District Water System</name>
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        <name>State of California</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <name>Energy Northwest</name>
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        <name>Indiana Finance Authority</name>
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        <name>Empire State Development Corp.</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Grand Parkway Transportation Corp.</name>
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        <name>State of Colorado</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2018E</title>
        <cusip>64990APJ8</cusip>
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          <isin value="US64990APJ87"/>
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        <balance>5200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5582660.72000000</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>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Rhode Island Commerce Corp.</name>
        <lei>N/A</lei>
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        <cusip>762232CE4</cusip>
        <identifiers>
          <isin value="US762232CE49"/>
          <other otherDesc="Inhouse Asset ID" value="762232CE4"/>
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        <balance>13260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14154402.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Battery Park City Authority</name>
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        <cusip>07133AJC7</cusip>
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          <isin value="US07133AJC71"/>
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        <balance>4050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4050000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.00000070</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WR73</cusip>
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          <isin value="US66285WR733"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2825595.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dallas Independent School District</name>
        <lei>N/A</lei>
        <title>Dallas Independent School District, Series 2025A, Sub-Series 2025A-2</title>
        <cusip>235308Q48</cusip>
        <identifiers>
          <isin value="US235308Q486"/>
          <other otherDesc="Inhouse Asset ID" value="235308Q48"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6156069.60000000</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>2055-02-15</maturityDt>
          <couponKind>Variable</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 2024</title>
        <cusip>13063EAF3</cusip>
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          <isin value="US13063EAF34"/>
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        <balance>4250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4736976.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</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>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 B</title>
        <cusip>64971WR69</cusip>
        <identifiers>
          <isin value="US64971WR698"/>
          <other otherDesc="Inhouse Asset ID" value="64971WR69"/>
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        <balance>1760000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1786622.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>20772JN73</cusip>
        <identifiers>
          <isin value="US20772JN731"/>
          <other otherDesc="Inhouse Asset ID" value="20772JN73"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5036228.00000000</valUSD>
        <pctVal>0.012989166094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District, Series 2017I</title>
        <cusip>7973555X8</cusip>
        <identifiers>
          <isin value="US7973555X82"/>
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        <balance>19400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17484754.40000000</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>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Mesa County Valley School District No. 51 Grand Junction/CO</name>
        <lei>N/A</lei>
        <title>Mesa County Valley School District No. 51 Grand Junction, Series 2025</title>
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        <identifiers>
          <isin value="US590621LW65"/>
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        <balance>2005000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2146285.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series A</title>
        <cusip>882854WX6</cusip>
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          <isin value="US882854WX60"/>
          <other otherDesc="Inhouse Asset ID" value="882854WX6"/>
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        <balance>890000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>891603.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority, Series 2018</title>
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        <identifiers>
          <isin value="US65830RCL15"/>
          <other otherDesc="Inhouse Asset ID" value="65830RCL1"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1887753.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Series A-2</title>
        <cusip>59261ADL8</cusip>
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          <isin value="US59261ADL89"/>
          <other otherDesc="Inhouse Asset ID" value="59261ADL8"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3076781.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2015B</title>
        <cusip>20772JD82</cusip>
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          <isin value="US20772JD823"/>
          <other otherDesc="Inhouse Asset ID" value="20772JD82"/>
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        <balance>27000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27040859.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2024A</title>
        <cusip>64613CEL8</cusip>
        <identifiers>
          <isin value="US64613CEL81"/>
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        <balance>10400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11424928.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System</name>
        <lei>N/A</lei>
        <title>Great Lakes Water Authority Water Supply System, Series D</title>
        <cusip>39081JBE7</cusip>
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          <isin value="US39081JBE73"/>
          <other otherDesc="Inhouse Asset ID" value="39081JBE7"/>
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        <balance>9500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9592049.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2017B</title>
        <cusip>64990KBA0</cusip>
        <identifiers>
          <isin value="US64990KBA07"/>
          <other otherDesc="Inhouse Asset ID" value="64990KBA0"/>
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        <balance>2995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3053399.21000000</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>2039-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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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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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JEA Electric System Revenue</name>
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        <valUSD>8594836.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Georgia</name>
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          <isin value="US3733844A17"/>
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        <valUSD>10833830.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063CYL89"/>
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        <balance>1455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1461386.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>North Texas Tollway Authority</name>
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          <isin value="US66285WBW55"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <valUSD>15878250.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990F6A7</cusip>
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          <isin value="US64990F6A72"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Douglas County School District No. Re-1 Douglas &amp; Elbert Counties</name>
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        <balance>1405000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Denver City &amp; County School District No. 1</name>
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          <isin value="US249174XV09"/>
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        <balance>4520000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <balance>5000000.00000000</balance>
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        <valUSD>4615108.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Omaha Public Power District</name>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Atlanta Department of Aviation</name>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York</name>
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        <curCd>USD</curCd>
        <valUSD>1855090.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Foothill-Eastern Transportation Corridor Agency</name>
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          <isin value="US345105JA93"/>
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        <balance>12500000.00000000</balance>
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        <valUSD>9184440.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>New York State Thruway Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-03-15</maturityDt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2021A</title>
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          <isin value="US373385HS56"/>
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        <name>Grand Parkway Transportation Corp.</name>
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        <name>State of Washington</name>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>New York City Transitional Finance Authority</name>
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        <name>State of Delaware</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>North Texas Tollway Authority</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>State of Connecticut Special Tax</name>
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        <name>Hillsboro School District No. 1J</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Texas Water Development Board</name>
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        <name>Lewisville Independent School District</name>
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          <maturityDt>2047-02-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Michigan State Building Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>University of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>City of New York</name>
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        <name>State of Illinois</name>
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        <name>Alameda Corridor Transportation Authority</name>
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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Georgia Ports Authority</name>
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          <isin value="US373586GU43"/>
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        <curCd>USD</curCd>
        <valUSD>1553047.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Connecticut</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Series 2024G</title>
        <cusip>20772KYR4</cusip>
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          <isin value="US20772KYR49"/>
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        <balance>4400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3438076.40000000</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>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2025BZ</title>
        <cusip>91412HTN3</cusip>
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          <isin value="US91412HTN34"/>
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        <balance>2505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2660801.23000000</valUSD>
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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>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2015A</title>
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          <isin value="US13077CY991"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3017101.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of California</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DZJ0</cusip>
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          <isin value="US13063DZJ08"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3423853.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>Midland County Fresh Water Supply District No. 1</name>
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        <title>Midland County Fresh Water Supply District No. 1, Series 2012A</title>
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          <isin value="US597495AX81"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>829872.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
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        <cusip>6460665E6</cusip>
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          <isin value="US6460665E65"/>
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        <balance>3235000.00000000</balance>
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        <valUSD>3343623.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WWD4</cusip>
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          <isin value="US66285WWD46"/>
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        <balance>6100000.00000000</balance>
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        <valUSD>6149995.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina State University at Raleigh</name>
        <lei>N/A</lei>
        <title>North Carolina State University at Raleigh, Series 2020A</title>
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          <isin value="US658289H550"/>
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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>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>State of Oregon, Series 2023A</title>
        <cusip>68609UCK9</cusip>
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          <isin value="US68609UCK97"/>
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        <balance>5045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5315268.22000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2019A</title>
        <cusip>6461366C0</cusip>
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          <isin value="US6461366C00"/>
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        <balance>2885000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2971528.07000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, Series 2022A</title>
        <cusip>54811BZT1</cusip>
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          <isin value="US54811BZT15"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10695146.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series C</title>
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          <isin value="US64966L4L20"/>
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        <balance>895000.00000000</balance>
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        <valUSD>905660.35000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Texas Water Development Board</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JEA Electric System Revenue</name>
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        <name>Oklahoma Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County TN</name>
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        <name>State of Washington</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Private Colleges &amp; Universities Authority</name>
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        <name>County of Miami-Dade</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>City of New York</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>State of Connecticut</name>
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        <name>District of Columbia</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>Santa Barbara Unified School District</name>
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        <name>Pennsylvania Turnpike Commission</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Metropolitan Area Transit Authority Dedicated</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Marcos Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</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>North Texas Tollway Authority</name>
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          <isin value="US66285WWB89"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Hennepin</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Clear Creek Independent School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia Resources Authority Clean Water Revolving Fund</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Bay Area Toll Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Foothill-De Anza Community College District</name>
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        <name>Texas Tech University System</name>
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        <name>State of Colorado</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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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>Los Angeles Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Texas Water Development Board</name>
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        <name>District of Columbia</name>
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        <name>Klein Independent School District</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Regional Transportation District Sales Tax</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development 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>Board of Regents of the University of Texas System</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Water Development Board</name>
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          <isin value="US8828546R87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Texas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Minnesota</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Minnesota</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>Dallas Fort Worth International Airport</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>City of New York</name>
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        <name>Municipal Improvement Corp. of Los Angeles</name>
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        <name>County of Montgomery</name>
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        <name>City of New York</name>
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        <name>Empire State Development Corp.</name>
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        <name>Public Power Generation Agency</name>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <name>University of Utah (The)</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Kentucky Turnpike Authority</name>
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        <name>Private Colleges &amp; Universities Authority</name>
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        <name>University of California</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Riverside County Transportation Commission Sales Tax</name>
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        <name>Empire State Development Corp.</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Central Florida Expressway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Mateo County Community College District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Energy Northwest</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>City of Houston</name>
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        <name>County of Anne Arundel</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Water Development Board</name>
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          <isin value="US8828546K35"/>
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          <maturityDt>2056-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>State of Illinois</name>
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        <name>Long Beach Unified School District</name>
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        <name>Metropolitan Council</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Grand Parkway Transportation Corp.</name>
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        <name>Prince William County Service Authority</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>State of California</name>
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        <name>California State University</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>State of Connecticut</name>
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        <name>State of Washington</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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        <name>City of New York</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of California</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <invCountry>US</invCountry>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <name>Grant County Public Utility District No. 2 Priest Rapids Hydroelectric Project</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Comal Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US1998207Z85"/>
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        <balance>8385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7212714.11000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>District of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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          <isin value="US13034A4Z00"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4687284.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of San Antonio Electric &amp; Gas Systems</name>
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          <isin value="US79625GLB76"/>
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        <balance>5750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5781223.65000000</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>2054-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Virginia Public Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US928173EC39"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-01</maturityDt>
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        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia College Building Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Dallas Independent School District</name>
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          <isin value="US235308Q890"/>
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        <balance>3110000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>State of Maryland</name>
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          <maturityDt>2031-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Municipal Water District Water System</name>
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        <name>Illinois Finance Authority</name>
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        <name>State of California</name>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>County of Jefferson</name>
        <lei>N/A</lei>
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        <name>Massachusetts Bay Transportation Authority Assessment</name>
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        <name>City of Portland</name>
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        <name>University of California</name>
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        <name>North Texas Tollway Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>City of Dallas</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Texas Tech University System</name>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JEA Water &amp; Sewer System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>2.16000065</annualizedRt>
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      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2025A</title>
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          <isin value="US64966SFY72"/>
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        <balance>6135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6817567.22000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Metropolitan Area Transit Authority</name>
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          <isin value="US93878YBN85"/>
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        <balance>4000000.00000000</balance>
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        <valUSD>3796727.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
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          <isin value="US677522KY93"/>
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        <balance>2055000.00000000</balance>
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        <valUSD>2087304.39000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Santa Rosa</name>
        <lei>N/A</lei>
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        <balance>10880000.00000000</balance>
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        <valUSD>8449595.14000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Tennessee</name>
        <lei>549300TVFIIUZ7573M16</lei>
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          <isin value="US880541H265"/>
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        <balance>3755000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of San Francisco</name>
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        <balance>3820000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</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>2054-12-01</maturityDt>
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        <name>State of California</name>
        <lei>N/A</lei>
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        <balance>6195000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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        <name>City of New York</name>
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          <isin value="US64966MFH79"/>
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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>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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          <isin value="US92778VFK98"/>
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        <balance>1025000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
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        <cusip>882724Z91</cusip>
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          <isin value="US882724Z911"/>
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        <balance>10000000.00000000</balance>
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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>Public Power Generation Agency</name>
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          <isin value="US744434FC00"/>
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        <balance>2725000.00000000</balance>
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          <maturityDt>2031-01-01</maturityDt>
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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>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma City Water Utilities Trust</name>
        <lei>N/A</lei>
        <title>Oklahoma City Water Utilities Trust, Series 2024</title>
        <cusip>67865EBP6</cusip>
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          <isin value="US67865EBP60"/>
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        <balance>2045000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Santa Barbara Secondary High School District</name>
        <lei>N/A</lei>
        <title>Santa Barbara Secondary High School District, Series 2011A</title>
        <cusip>80131RAG9</cusip>
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        <name>Massachusetts School Building Authority</name>
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        <name>Empire State Development Corp.</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>Richardson Independent School District</name>
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        <name>Iowa Finance Authority</name>
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        <name>North Texas Municipal Water District Upper East Fork Wastewater Interceptor System</name>
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        <name>University of Delaware</name>
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        <name>City of Springfield MO Public Utility Revenue</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Pasadena Area Community College District</name>
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        <name>Denton Independent School District</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>Texas Water Development Board</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>University of California</name>
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        <name>East Baton Rouge Sewerage Commission</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Hampton Roads Sanitation District</name>
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        <name>State of California</name>
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        <name>San Antonio Water System</name>
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        <name>State of California</name>
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        <name>Empire State Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of West Virginia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westminster School District</name>
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        <name>New York Power Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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        <name>Aldine Independent School District</name>
        <lei>N/A</lei>
        <title>Aldine Independent School District, Series 2024A</title>
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        <invCountry>US</invCountry>
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        <name>County of Fairfax</name>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
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        <name>New York City Transitional Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
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          <isin value="US544445QL64"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
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        <balance>7000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772J3X83"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5135193.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Series 2023</title>
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          <isin value="US71883PMN41"/>
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        <balance>4830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5036013.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Energy Northwest</name>
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          <isin value="US29270C6T79"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Alabama Public School and College Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <balance>3000000.00000000</balance>
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        <valUSD>3003015.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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          <isin value="US646140GC19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>State of Minnesota</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>San Diego Unified School District</name>
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        <balance>3800000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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        <invCountry>US</invCountry>
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        <name>County of Guilford</name>
        <lei>549300OUKUGQGH8RCL96</lei>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>District of Columbia</name>
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        <name>University of California</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Empire State Development Corp.</name>
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        <name>Katy Independent School District</name>
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        <name>Upper Santa Clara Valley Joint Powers Authority</name>
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        <name>State of Wisconsin</name>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <name>Humble Independent School District</name>
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        <name>University of Michigan</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Great Lakes Water Authority Water Supply System</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Transportation Authority</name>
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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rhode Island Health &amp; Educational Building Corp.</name>
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          <isin value="US762243MY65"/>
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        <valUSD>12000000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
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          <annualizedRt>1.96999990</annualizedRt>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <balance>4035000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Community College District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Frederick</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>California State Public Works Board</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Connecticut</name>
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        <balance>4170000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Prince George's</name>
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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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Wisconsin</name>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
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        <name>San Diego Association of Governments South Bay Expressway</name>
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        <name>State of Connecticut</name>
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        <name>County of Hamilton</name>
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        <name>Metropolitan Knoxville Airport Authority</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County TN</name>
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        <name>San Diego Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Idaho State Building Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund 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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>San Mateo Foster City Public Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US79905VAX91"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2021A</title>
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          <isin value="US662903C437"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US207758A522"/>
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        <balance>7075000.00000000</balance>
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        <valUSD>5795180.61000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regional Transportation District Sales Tax</name>
        <lei>N/A</lei>
        <title>Regional Transportation District Sales Tax, Series 2013A</title>
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          <isin value="US759136RW68"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1577545.80000000</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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      <invstOrSec>
        <name>Long Beach Unified School District</name>
        <lei>N/A</lei>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
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          <isin value="US544525M548"/>
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        <balance>2345000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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          <isin value="US13063DBW74"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Hawaii</name>
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        <balance>2000000.00000000</balance>
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        <valUSD>2001846.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Georgia</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Atlanta Department of Aviation</name>
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          <isin value="US04780MC988"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of King</name>
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        <balance>3270000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Empire State Development Corp.</name>
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          <isin value="US650036BU94"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Highland Park Independent School District/Dallas County</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2019C</title>
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          <isin value="US92778VHW19"/>
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        <name>New York City Transitional Finance Authority</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts Federal Highway Grant Anticipation Note</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Florida Expressway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bay Area Toll Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>East Bay Municipal Utility District Water System</name>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <name>State of Connecticut</name>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Great Lakes Water Authority Sewage Disposal System</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>Long Island Power Authority</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Empire State Development Corp.</name>
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        <name>Dallas Independent School District</name>
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        <name>University of California</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>California State University</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Boston</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>Central Texas Turnpike System</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Empire State Development Corp.</name>
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        <name>State of Minnesota</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>State of Minnesota</name>
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        <name>Massachusetts Bay Transportation Authority Assessment</name>
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        <name>California State University</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Collin County Community College District</name>
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        <name>State of Illinois</name>
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        <name>North Carolina Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Austin Electric Utility</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Kansas Development Finance Authority</name>
        <lei>549300WTL7BL8KBDPR87</lei>
        <title>Kansas Development Finance Authority, Series 2019SRF</title>
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          <isin value="US48542RCQ56"/>
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        <balance>5465000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Great Lakes Water Authority Water Supply System</name>
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        <title>Great Lakes Water Authority Water Supply System, Series A</title>
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        <fairValLevel>2</fairValLevel>
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        <name>School District of Broward County</name>
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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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        <name>University of California</name>
        <lei>N/A</lei>
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          <maturityDt>2041-05-15</maturityDt>
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        <name>City of Charlotte</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>North Texas Tollway Authority</name>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>New York State Dormitory Authority</name>
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        <name>California State Public Works Board</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <curCd>USD</curCd>
        <valUSD>24648326.20000000</valUSD>
        <pctVal>0.063571626020</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>
    </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>
