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      <invstOrSec>
        <name>Beverly Hills Unified 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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      <invstOrSec>
        <name>City of Des Moines</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>School District of Broward County/FL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Dakota Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US658905ER14"/>
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        <valUSD>33466.35000000</valUSD>
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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>County of King</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45698.68000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wylie Independent School District</name>
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        <balance>60000.00000000</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>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>6461368C8</cusip>
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          <isin value="US6461368C81"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95840.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
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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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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50749.59000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Charlotte</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>University of Alabama (The)</name>
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        <invCountry>US</invCountry>
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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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          <maturityDt>2032-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bay Area Toll Authority</name>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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      <invstOrSec>
        <name>Central Valley Water Reclamation Facility</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</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>2033-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2023AA</title>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
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          <isin value="US49151FR858"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Comal Independent School District</name>
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          <isin value="US1998205E74"/>
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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>Lansing School District</name>
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          <isin value="US516444SD95"/>
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        <balance>45000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>City of Memphis</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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        <name>District of Columbia</name>
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        <balance>50000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Virginia Beach</name>
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        <balance>15000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Washoe County School District</name>
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        <balance>50000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Oklahoma</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>City of Houston</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>City of Philadelphia</name>
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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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      <invstOrSec>
        <name>Indiana University</name>
        <lei>B4CW783SY7V2XEFJSQ64</lei>
        <title>Indiana University, Series 2020A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 2021-1</title>
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          <isin value="US97705MSP13"/>
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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>University of North Carolina at Charlotte (The)</name>
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        <name>Oklahoma Municipal Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Weld County School District No. 6 Greeley</name>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>Virginia Public Building Authority</name>
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        <name>University of Utah (The)</name>
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        <name>Loudoun County Sanitation Authority</name>
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        <name>Clark County School District</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>Virginia Public School Authority</name>
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        <name>Newport Mesa Unified School District</name>
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        <name>University System of Maryland</name>
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        <name>Lake County School District No. 112 North Shore</name>
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        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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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>Multnomah County School District No. 1J Portland</name>
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        <name>Erie City Water Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Public Building Authority</name>
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        <name>City of Memphis</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>County of Cook</name>
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        <name>Provo School District</name>
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        <name>Texas State University System</name>
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        <name>County of K</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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          <isin value="US544532DQ43"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Baltimore</name>
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        <name>Wisconsin Department of Transportation</name>
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        <name>County of Fairfax</name>
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        <name>City of Jacksonville</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>City of Austin Water &amp; Wastewater System</name>
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        <name>New Hampshire Municipal Bond Bank</name>
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        <name>Indiana Finance Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>University of Minnesota</name>
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        <name>Oklahoma State University</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <name>University of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <name>County of Miami-Dade Water &amp; Sewer System</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Maryland State Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Illinois State Toll Highway Authority</name>
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          <isin value="US452252PH69"/>
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        <balance>190000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
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          <annualizedRt>5.00000000</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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          <maturityDt>2033-08-01</maturityDt>
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      <invstOrSec>
        <name>San Marcos Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>City of Chicago Waterworks</name>
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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>Clark County School District</name>
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          <maturityDt>2032-06-15</maturityDt>
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        <name>New Hope Higher Education Finance Corp.</name>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>San Diego Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US797356ED02"/>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>University of Arkansas</name>
        <lei>549300FFADBQ3NEI2D96</lei>
        <title>University of Arkansas, Series 2025</title>
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          <isin value="US914073MK48"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System</name>
        <lei>N/A</lei>
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          <isin value="US343137QY44"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lansing Board of Water &amp; Light</name>
        <lei>N/A</lei>
        <title>Lansing Board of Water &amp; Light, Series 2026B</title>
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        <name>Pennsylvania Turnpike Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dallas Independent School District</name>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>North Texas Tollway Authority</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Miami-Dade</name>
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        <invCountry>US</invCountry>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <name>University of Colorado</name>
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        <name>State of California</name>
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        <name>Tarrant County College District</name>
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      <invstOrSec>
        <name>State of Illinois Sales Tax</name>
        <lei>N/A</lei>
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          <maturityDt>2034-06-15</maturityDt>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Canyons School District</name>
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        <name>University of Minnesota</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Municipality of Anchorage</name>
        <lei>N/A</lei>
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          <isin value="US033162GN28"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45369.79000000</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>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Virginia Beach Storm Water Utility Revenue</name>
        <lei>N/A</lei>
        <title>City of Virginia Beach, Series 2020A</title>
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          <isin value="US927747EK79"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112571.35000000</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>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>School District of Broward County</name>
        <lei>5493006KVNQDJ1D0OD92</lei>
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          <isin value="US115065C362"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60594.54000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lamar Consolidated Independent School District</name>
        <lei>N/A</lei>
        <title>Lamar Consolidated Independent School District, Series 2021A</title>
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          <isin value="US513174A851"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67191.91000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Virginia Parkways Authority</name>
        <lei>N/A</lei>
        <title>West Virginia Parkways Authority, Series 2021</title>
        <cusip>956510BM2</cusip>
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          <isin value="US956510BM25"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61767.61000000</valUSD>
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        <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>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
        <title>Alabama Federal Aid Highway Finance Authority, Series 2025B</title>
        <cusip>010268DZ0</cusip>
        <identifiers>
          <isin value="US010268DZ02"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45504.13000000</valUSD>
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        <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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        <securityLending>
          <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>
        <cusip>194741HL1</cusip>
        <identifiers>
          <isin value="US194741HL11"/>
          <other otherDesc="Inhouse Asset ID" value="194741HL1"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21737.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Yonkers</name>
        <lei>N/A</lei>
        <title>City of Yonkers, Series 2026A</title>
        <cusip>9860824S1</cusip>
        <identifiers>
          <isin value="US9860824S16"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281534.90000000</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Council</name>
        <lei>N/A</lei>
        <title>Metropolitan Council, Series 2025C</title>
        <cusip>5918526C7</cusip>
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          <isin value="US5918526C72"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28252.61000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, Series 2021A</title>
        <cusip>546417EV4</cusip>
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          <isin value="US546417EV40"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94112.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</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 2019D</title>
        <cusip>64990KDM2</cusip>
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          <isin value="US64990KDM27"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55139.38000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Miami University</name>
        <lei>N/A</lei>
        <title>Miami University, Series 2021A</title>
        <cusip>593791KJ4</cusip>
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          <isin value="US593791KJ46"/>
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        <balance>170000.00000000</balance>
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        <valUSD>189820.08000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2022A</title>
        <cusip>650028YH0</cusip>
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          <isin value="US650028YH03"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22603.59000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2020A</title>
        <cusip>67766WYR7</cusip>
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          <isin value="US67766WYR77"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55522.05000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Georgia Ports Authority</name>
        <lei>N/A</lei>
        <title>Georgia Ports Authority, Series 2021</title>
        <cusip>373586GD2</cusip>
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          <isin value="US373586GD28"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39682.66000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water &amp; Power, Series 2023E</title>
        <cusip>544532JB1</cusip>
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          <isin value="US544532JB10"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101669.84000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Central Valley Water Reclamation Facility</name>
        <lei>N/A</lei>
        <title>Central Valley Water Reclamation Facility, Series 2021C</title>
        <cusip>155796BG9</cusip>
        <identifiers>
          <isin value="US155796BG92"/>
          <other otherDesc="Inhouse Asset ID" value="155796BG9"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26640.72000000</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>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Vermont Municipal Bond Bank</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of California</name>
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        <curCd>USD</curCd>
        <valUSD>224205.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Orlando Utilities Commission</name>
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          <isin value="US686507JV73"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
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          <isin value="US155498PM40"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Barbers Hill Independent School District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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        <name>State of Maryland</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Baltimore</name>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39101.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73873.42000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <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 2023C</title>
        <cusip>79467BGD1</cusip>
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          <isin value="US79467BGD10"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37912.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2021A</title>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78923.02000000</valUSD>
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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>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Texas</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
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        <name>West Virginia Parkways Authority</name>
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        <name>County of Miami-Dade</name>
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        <invCountry>US</invCountry>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fort Worth Independent School District</name>
        <lei>N/A</lei>
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        <balance>55000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>University of Washington</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US92778VMP03"/>
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        <curCd>USD</curCd>
        <valUSD>157846.04000000</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kentucky Turnpike Authority</name>
        <lei>N/A</lei>
        <title>Kentucky Turnpike Authority, Series 2022A</title>
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          <isin value="US491552R981"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90233.02000000</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>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maine</name>
        <lei>N/A</lei>
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          <isin value="US56052AG266"/>
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        <curCd>USD</curCd>
        <valUSD>56654.93000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois Sales Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US452227SG77"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33400.43000000</valUSD>
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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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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delaware River Joint Toll Bridge Commission</name>
        <lei>549300N6IGAQMI0JLE23</lei>
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          <isin value="US246343MY01"/>
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        <balance>25000.00000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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          <isin value="US25477GUH63"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17005.22000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Water Resources Board</name>
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        <title>Oklahoma Water Resources Board, Series 2024B</title>
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          <isin value="US67920Q4K16"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123777.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Forsyth</name>
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          <isin value="US34664PBR01"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16947.69000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Baltimore</name>
        <lei>N/A</lei>
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          <isin value="US05914F3T50"/>
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        <balance>60000.00000000</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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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Series 2022D</title>
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          <isin value="US60412AA525"/>
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        <balance>15000.00000000</balance>
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        <valUSD>17096.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lamar Consolidated Independent School District</name>
        <lei>N/A</lei>
        <title>Lamar Consolidated Independent School District, Series 2024</title>
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          <isin value="US513174N243"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190770.57000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Klein Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US498531PG17"/>
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        <balance>75000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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          <isin value="US567505RY09"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221089.11000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Omaha</name>
        <lei>N/A</lei>
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          <isin value="US6817127W90"/>
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        <balance>55000.00000000</balance>
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        <valUSD>58881.58000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>Missouri Joint Municipal Electric Utility Commission, Series 2023</title>
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          <isin value="US606092LY83"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145221.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2021</title>
        <cusip>8828546Y3</cusip>
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          <isin value="US8828546Y39"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163094.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida, Series 2021A</title>
        <cusip>34153QUP9</cusip>
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          <isin value="US34153QUP98"/>
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        <balance>75000.00000000</balance>
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      <invstOrSec>
        <name>City of Chicago</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Portland</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Municipality of Anchorage</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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        <valUSD>34143.76000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <title>Missouri Joint Municipal Electric Utility Commission, Series 2024</title>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Forsyth</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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          <couponKind>Fixed</couponKind>
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        <name>Del Valle Independent School District</name>
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        <name>State of Michigan Trunk Line</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>New York Power Authority</name>
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        <name>Florida Municipal Power Agency</name>
        <lei>549300M3I10QJUPNU131</lei>
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      <invstOrSec>
        <name>City of Omaha</name>
        <lei>N/A</lei>
        <title>City of Omaha, Series 2021</title>
        <cusip>6817127Z2</cusip>
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        <lei>N/A</lei>
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          <isin value="US678519K402"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Guilford</name>
        <lei>549300OUKUGQGH8RCL96</lei>
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          <isin value="US401784R880"/>
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        <valUSD>73596.89000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of Fairfax</name>
        <lei>N/A</lei>
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          <isin value="US30382ALB60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System</name>
        <lei>N/A</lei>
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          <isin value="US343137NA94"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96603.70000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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          <isin value="US646140JN47"/>
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        <curCd>USD</curCd>
        <valUSD>185058.18000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <cusip>677523BB7</cusip>
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          <isin value="US677523BB74"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90426.75000000</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>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>College Station Independent School District</name>
        <lei>N/A</lei>
        <title>College Station Independent School District, Series 2022</title>
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        <identifiers>
          <isin value="US194475WF20"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73171.64000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County Honolulu Wastewater System</name>
        <lei>N/A</lei>
        <title>City &amp; County Honolulu Wastewater System, Series 2019A</title>
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          <isin value="US438701S707"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26252.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut Special Tax, Series 2021D</title>
        <cusip>207758G49</cusip>
        <identifiers>
          <isin value="US207758G495"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>171259.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured, Series 2021F-1</title>
        <cusip>64971XZE1</cusip>
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          <isin value="US64971XZE11"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174358.69000000</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>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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          <isin value="US25483VWT78"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98498.67000000</valUSD>
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        <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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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>New Hampshire Municipal Bond Bank, Series 2024C</title>
        <cusip>64465QRB4</cusip>
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          <isin value="US64465QRB40"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125274.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
        <lei>N/A</lei>
        <title>Cypress-Fairbanks Independent School District, Series 2020</title>
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          <isin value="US232769GD58"/>
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        <balance>20000.00000000</balance>
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        <valUSD>22020.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <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>
        <lei>TEHUYFNKZR6XVWLGEU86</lei>
        <title>Board of Regents of the University of Texas System, Series 2021A</title>
        <cusip>91514AKG9</cusip>
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          <isin value="US91514AKG93"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113674.17000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Fort Worth Independent School District</name>
        <lei>N/A</lei>
        <title>Fort Worth Independent School District, Series 2023</title>
        <cusip>349461DQ3</cusip>
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          <isin value="US349461DQ34"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56285.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2020D</title>
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          <isin value="US57582RC538"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>83588.25000000</valUSD>
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        <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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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water &amp; Power, Series 2021C</title>
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          <isin value="US544532CY85"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28111.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>Fort Bend Independent School District</name>
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        <name>University of Arkansas</name>
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        <name>Regional Transportation Authority</name>
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        <name>Trinity River Authority Mountain Creek Regional Wastewater System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Charlotte</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Water District of Southern California</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Arizona Board of Regents</name>
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        <name>State of Oregon</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>City of Tacoma</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County TN Water &amp; Sewer Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Minnesota</name>
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          <isin value="US60412AUE18"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maine Municipal Bond Bank</name>
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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>Pittsburgh Water &amp; Sewer Authority</name>
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        <balance>35000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Wake</name>
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        <name>Tyler Independent School District</name>
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        <name>City of Corpus Christi Utility System Revenue</name>
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        <name>Kansas Development Finance Authority</name>
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        <name>State of Connecticut</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>Texas State University System</name>
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        <name>Las Vegas Valley Water District</name>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <name>County of Wake</name>
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      <invstOrSec>
        <name>County of Harris Toll Road</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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        <fairValLevel>2</fairValLevel>
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        <name>Denton Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
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        <name>San Antonio Independent School District/TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Alabama Highway Finance Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Alvord Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Denver City &amp; County School District No. 1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port of Seattle</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Austin Independent School District</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Louisiana</name>
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        <name>Long Island Power Authority</name>
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        <name>State of Illinois Sales Tax Revenue</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <name>Purdue University</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>King &amp; Snohomish Counties School District No. 417 Northshore</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</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>Metropolitan Transportation Authority</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
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      <invstOrSec>
        <name>University of Oklahoma (The)</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>State of Delaware</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Omaha Public Power District Nebraska City Station Unit 2</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>Dallas Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Wake</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>County of Charleston</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Clark County School District</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Philadelphia Water &amp; Wastewater</name>
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        <invCountry>US</invCountry>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Tennessee</name>
        <lei>549300TVFIIUZ7573M16</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <valUSD>42880.74000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clear Creek Independent School District</name>
        <lei>N/A</lei>
        <title>Clear Creek Independent School District, Series 2021</title>
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          <isin value="US184541DU17"/>
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        <balance>35000.00000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Power</name>
        <lei>N/A</lei>
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          <isin value="US79771KBL98"/>
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        <curCd>USD</curCd>
        <valUSD>42815.26000000</valUSD>
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        <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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      <invstOrSec>
        <name>County of Fairfax</name>
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          <isin value="US303867LW33"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67173.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Delaware</name>
        <lei>N/A</lei>
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        <cusip>246381QU4</cusip>
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          <isin value="US246381QU46"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96126.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</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>County of Bexar</name>
        <lei>N/A</lei>
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          <isin value="US0882814E74"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56299.98000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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          <isin value="US54811BF713"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112331.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Valley Water Reclamation Facility</name>
        <lei>N/A</lei>
        <title>Central Valley Water Reclamation Facility, Series 2021C</title>
        <cusip>155796BJ3</cusip>
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          <isin value="US155796BJ32"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26341.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Davis School District</name>
        <lei>N/A</lei>
        <title>Davis School District, Series 2020</title>
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          <isin value="US2390193M28"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20921.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency, Series 2022A</title>
        <cusip>45884AA86</cusip>
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          <isin value="US45884AA863"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77943.12000000</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>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US65000BDD73"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188693.98000000</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>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cleveland Department of Public Utilities Division of Public Power</name>
        <lei>N/A</lei>
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        <cusip>186398LW1</cusip>
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          <isin value="US186398LW14"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174418.11000000</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>2031-11-15</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="US181059N510"/>
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        <balance>50000.00000000</balance>
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        <valUSD>55557.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
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        <name>Municipal Improvement Corp. of Los Angeles</name>
        <lei>549300ZJ0YLTZNSR8F57</lei>
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          <isin value="US5445873W63"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Unified School District No. 80 Chandler</name>
        <lei>N/A</lei>
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          <isin value="US567389YB16"/>
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        <balance>125000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>Yosemite Community College District</name>
        <lei>N/A</lei>
        <title>Yosemite Community College District, Series 2010D</title>
        <cusip>987388DH5</cusip>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>378549.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Weld County School District No. 6 Greeley</name>
        <lei>N/A</lei>
        <title>Weld County School District No. 6 Greeley, Series 2021</title>
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          <isin value="US949289QK16"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21356.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <name>University of Utah (The)</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Virginia College Building Authority</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Pierce County School District No. 401 Peninsula</name>
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        <name>Maryland State Transportation Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>North Dakota Public Finance Authority</name>
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        <name>Oklahoma Water Resources Board</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>County of Utah</name>
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        <name>Snohomish County Public Utility District No. 1 Electric System</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>DeSoto Independent School District</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>State of Louisiana Gasoline &amp; Fuels Tax</name>
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        <name>Commonwealth of Massachusetts</name>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Pasadena Independent School District</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Metropolitan Water Reclamation District of Greater Chicago</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>King County School District No. 405 Bellevue</name>
        <lei>N/A</lei>
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          <isin value="US495098D692"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62645.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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      <invstOrSec>
        <name>Municipality of Anchorage</name>
        <lei>N/A</lei>
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          <isin value="US033162HN19"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57734.29000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma Capitol Improvement Authority</name>
        <lei>549300LYHYBINTZ5AY71</lei>
        <title>Oklahoma Capitol Improvement Authority, Series 2024B</title>
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          <isin value="US679088NC49"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22597.63000000</valUSD>
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        <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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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US544532BD57"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22139.38000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>549300WICSGUHKHF1T85</lei>
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          <isin value="US70914P3A84"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193173.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Series 2021A</title>
        <cusip>71883RQW6</cusip>
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          <isin value="US71883RQW69"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>130887.48000000</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>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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          <isin value="US650036CV68"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71922.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>Trinity River Authority Central Regional Wastewater System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-08-15</maturityDt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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          <isin value="US13068XBK46"/>
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        <balance>375000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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          <isin value="US34115PAK12"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159417.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-12-01</maturityDt>
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        <name>City of Tacoma</name>
        <lei>549300R2ZDWKQB6DIV86</lei>
        <title>City of Tacoma, Series 2023</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-12-01</maturityDt>
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      <invstOrSec>
        <name>State of West Virginia</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Series 2019A</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Greenville</name>
        <lei>N/A</lei>
        <title>City of Greenville</title>
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          <isin value="US3966942B62"/>
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        <curCd>USD</curCd>
        <valUSD>36804.88000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series R-2023A</title>
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          <isin value="US93974EC382"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68325.65000000</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>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>549300WICSGUHKHF1T85</lei>
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          <isin value="US70914PU599"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96096.98000000</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>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>University of Alabama at Birmingham</name>
        <lei>5493002DHWB7OKWT0415</lei>
        <title>University of Alabama at Birmingham, Series 2019B</title>
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          <isin value="US914745ED29"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71172.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</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>County of Rutherford</name>
        <lei>N/A</lei>
        <title>County of Rutherford, Series 2024</title>
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          <isin value="US783244NJ19"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28324.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Kansas City</name>
        <lei>549300EGAE3I3XU7XE19</lei>
        <title>City of Kansas City, Series 2021A</title>
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          <isin value="US484873QN70"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44952.05000000</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California</title>
        <cusip>13063DH50</cusip>
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          <isin value="US13063DH507"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40363.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</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>Port of Seattle</name>
        <lei>549300T9UCDUJ3GZL429</lei>
        <title>Port of Seattle, Series 2021B</title>
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          <isin value="US735389M548"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90252.30000000</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>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 Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>State of Oregon, Series 2021A</title>
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          <isin value="US68609TD969"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56708.64000000</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>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark</name>
        <lei>549300LDD8NZB2EOVG83</lei>
        <title>County of Clark, Series 2021</title>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25187.75000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2021-1</title>
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          <isin value="US64966QWE69"/>
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        <balance>160000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Seattle</name>
        <lei>N/A</lei>
        <title>City of Seattle, Series 2021</title>
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          <isin value="US812631PT05"/>
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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>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>Texas A&amp;M University, Series 2021A</title>
        <cusip>88213ARA5</cusip>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52552.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Poway Unified School District</name>
        <lei>N/A</lei>
        <title>Poway Unified School District, Series A</title>
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          <isin value="US738850QP41"/>
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        <balance>160000.00000000</balance>
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        <valUSD>138566.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Crowley Independent School District</name>
        <lei>N/A</lei>
        <title>Crowley Independent School District, Series 2023</title>
        <cusip>228130JT8</cusip>
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          <isin value="US228130JT81"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67196.69000000</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>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series 2022B</title>
        <cusip>677523EG3</cusip>
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          <isin value="US677523EG35"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>124249.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Michigan Trunk Line</name>
        <lei>N/A</lei>
        <title>State of Michigan Trunk Line, Series 2021A</title>
        <cusip>5946952S6</cusip>
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          <isin value="US5946952S60"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>279831.68000000</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>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 2021B</title>
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          <isin value="US97705MWE10"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54218.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Miami Beach Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Miami Beach Redevelopment Agency, Series 2025</title>
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          <isin value="US593237FX39"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33326.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</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>County of Johnston</name>
        <lei>5493003J6KNUY7E7SF98</lei>
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          <isin value="US479354DR04"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22059.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Maine</name>
        <lei>N/A</lei>
        <title>State of Maine, Series 2022B</title>
        <cusip>56052AH66</cusip>
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          <isin value="US56052AH660"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>175630.28000000</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>2031-06-01</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>Municipality of Anchorage</name>
        <lei>N/A</lei>
        <title>Municipality of Anchorage, Series 2021C</title>
        <cusip>033162HK7</cusip>
        <identifiers>
          <isin value="US033162HK79"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56581.53000000</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>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax, Series 2022B</title>
        <cusip>207758M83</cusip>
        <identifiers>
          <isin value="US207758M832"/>
          <other otherDesc="Inhouse Asset ID" value="207758M83"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62436.31000000</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>
          <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>Intermountain Power Agency</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency, Series 2022A</title>
        <cusip>45884AA52</cusip>
        <identifiers>
          <isin value="US45884AA525"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73271.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</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>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority, Series 2021C</title>
        <cusip>92818HVC2</cusip>
        <identifiers>
          <isin value="US92818HVC23"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22740.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 2022A</title>
        <cusip>97705MXL4</cusip>
        <identifiers>
          <isin value="US97705MXL44"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172799.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</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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      <invstOrSec>
        <name>City of Charlotte</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>City of Charlotte, Series 2023B</title>
        <cusip>161035MX5</cusip>
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          <isin value="US161035MX55"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74015.41000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
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        <cusip>65829QEQ3</cusip>
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          <isin value="US65829QEQ38"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85102.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Alaska</name>
        <lei>N/A</lei>
        <title>State of Alaska, Series 2025A</title>
        <cusip>0117706G4</cusip>
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          <isin value="US0117706G41"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22708.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California</title>
        <cusip>13063D2D9</cusip>
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          <isin value="US13063D2D92"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>340738.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
        <lei>N/A</lei>
        <title>Cypress-Fairbanks Independent School District, Series 2020A</title>
        <cusip>232769HE2</cusip>
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          <isin value="US232769HE23"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94467.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dallas Area Rapid Transit</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
        <title>Dallas Area Rapid Transit, Series 2020A</title>
        <cusip>235241UM6</cusip>
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          <isin value="US235241UM68"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38803.50000000</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>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Conroe Independent School District</name>
        <lei>N/A</lei>
        <title>Conroe Independent School District, Series 2022</title>
        <cusip>208418W82</cusip>
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          <isin value="US208418W823"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56311.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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          <isin value="US153476GS95"/>
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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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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
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          <isin value="US574193RU48"/>
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        <curCd>USD</curCd>
        <valUSD>250296.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FKN32"/>
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        <curCd>USD</curCd>
        <valUSD>129146.10000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Atlanta Department of Aviation</name>
        <lei>N/A</lei>
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          <isin value="US04780MYU79"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56355.11000000</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>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Dakota Public Finance Authority</name>
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          <isin value="US65887PXF79"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26941.78000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grand River Dam Authority</name>
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        <title>Grand River Dam Authority, Series 2024A</title>
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          <isin value="US386442ZN03"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28100.59000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US544532CD49"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60973.28000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>City of Dallas</name>
        <lei>N/A</lei>
        <title>City of Dallas, Series 2024C</title>
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          <isin value="US235219YP10"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>146049.42000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Cleveland</name>
        <lei>549300IQSLQPCVVMKJ96</lei>
        <title>City of Cleveland, Series 2021A</title>
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          <isin value="US1863432N82"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101243.69000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Volusia County School Board</name>
        <lei>N/A</lei>
        <title>Volusia County School Board, Series 2021A</title>
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        <balance>80000.00000000</balance>
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        <valUSD>90000.71000000</valUSD>
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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="US606092QD91"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <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>2033-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Union</name>
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        <valUSD>17148.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
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          <isin value="US45130ACB98"/>
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        <balance>50000.00000000</balance>
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        <invCountry>US</invCountry>
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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>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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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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        <name>Massachusetts Clean Water Trust (The)</name>
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        <name>University of California</name>
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        <name>BlackRock Liquidity Funds</name>
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        <name>Board of Trustees of the University of Illinois (The)</name>
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        <name>California State Public Works Board</name>
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        <name>New Mexico Finance Authority</name>
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        <name>Maryland State Transportation Authority</name>
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        <name>State of Maryland</name>
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        <name>Virginia Public School Authority</name>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road</name>
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        <name>State of Maryland</name>
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        <name>County of Guilford</name>
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        <name>County of Baltimore</name>
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        <name>State of Wisconsin Environmental Improvement Fund</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>District of Columbia</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Ohio State University (The)</name>
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        <name>State of Wisconsin</name>
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        <name>Southern California Public Power Authority</name>
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        <name>County of Frederick</name>
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      <invstOrSec>
        <name>Kentucky Turnpike Authority</name>
        <lei>N/A</lei>
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          <isin value="US491552R569"/>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
        <title>Palm Beach County School District, Series 2025A</title>
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          <isin value="US696550M419"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
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          <isin value="US373385HQ90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Miami-Dade Water &amp; Sewer System</name>
        <lei>N/A</lei>
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          <isin value="US59334DMC55"/>
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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>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kansas Development Finance Authority</name>
        <lei>549300WTL7BL8KBDPR87</lei>
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          <isin value="US48542RWY60"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56703.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
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          <isin value="US454898WN35"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>School District of Broward County/FL</name>
        <lei>5493006KVNQDJ1D0OD92</lei>
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          <isin value="US115067KF64"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161995.22000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of Oklahoma (The)</name>
        <lei>N/A</lei>
        <title>University of Oklahoma (The), Series 2021A</title>
        <cusip>91476PXJ2</cusip>
        <identifiers>
          <isin value="US91476PXJ29"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22438.02000000</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>2033-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Memphis</name>
        <lei>254900N4APYJWTAF5J46</lei>
        <title>City of Memphis, Series 2022A</title>
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          <isin value="US5861454C54"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178070.56000000</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>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2020A</title>
        <cusip>54466HJU1</cusip>
        <identifiers>
          <isin value="US54466HJU14"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33821.62000000</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>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series 2022C</title>
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          <isin value="US93974EUY03"/>
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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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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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        <balance>85000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Omaha</name>
        <lei>N/A</lei>
        <title>City of Omaha, Series 2024</title>
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        <balance>130000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-04-15</maturityDt>
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        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Wake</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>County of Wake, Series 2021</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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      <invstOrSec>
        <name>Clear Creek Independent School District</name>
        <lei>N/A</lei>
        <title>Clear Creek Independent School District, Series 2024A</title>
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        <balance>50000.00000000</balance>
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        <valUSD>56285.88000000</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>2031-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>North Dakota Public Finance Authority</name>
        <lei>N/A</lei>
        <title>North Dakota Public Finance Authority, Series 2024A</title>
        <cusip>65887PYS8</cusip>
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          <isin value="US65887PYS81"/>
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        <curCd>USD</curCd>
        <valUSD>257090.74000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Spring Branch Independent School District</name>
        <lei>N/A</lei>
        <title>Spring Branch Independent School District, Series 2020</title>
        <cusip>849476UE4</cusip>
        <identifiers>
          <isin value="US849476UE47"/>
          <other otherDesc="Inhouse Asset ID" value="849476UE4"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39285.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</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>
      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank, Series 2021A</title>
        <cusip>45528US51</cusip>
        <identifiers>
          <isin value="US45528US510"/>
          <other otherDesc="Inhouse Asset ID" value="45528US51"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231319.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Port Authority of Houston of Harris County Texas</name>
        <lei>N/A</lei>
        <title>Port Authority of Houston of Harris County Texas, Series 2023</title>
        <cusip>734262GG7</cusip>
        <identifiers>
          <isin value="US734262GG78"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56714.12000000</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>2031-10-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Fort Bend Grand Parkway Toll Road Authority</name>
        <lei>N/A</lei>
        <title>Fort Bend Grand Parkway Toll Road Authority, Series 2021A</title>
        <cusip>346832CA4</cusip>
        <identifiers>
          <isin value="US346832CA49"/>
          <other otherDesc="Inhouse Asset ID" value="346832CA4"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149146.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</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>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2021A-1</title>
        <cusip>650028WS8</cusip>
        <identifiers>
          <isin value="US650028WS85"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140567.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</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>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series 2021D</title>
        <cusip>13068XDV8</cusip>
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          <isin value="US13068XDV82"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101955.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>New Hampshire Municipal Bond Bank, Series 2021C</title>
        <cusip>64465QFY7</cusip>
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          <isin value="US64465QFY70"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55782.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Fairfax</name>
        <lei>N/A</lei>
        <title>County of Fairfax, Series 2020A</title>
        <cusip>30382AJP8</cusip>
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          <isin value="US30382AJP84"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16615.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Municipal Improvement Corp. of Los Angeles</name>
        <lei>549300ZJ0YLTZNSR8F57</lei>
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        <cusip>5445873T3</cusip>
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          <isin value="US5445873T35"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80409.34000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority, Series 2021A</title>
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          <isin value="US67765QKH82"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174517.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JEA Electric System</name>
        <lei>N/A</lei>
        <title>JEA Electric System, Series 2021A</title>
        <cusip>46613SRQ5</cusip>
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          <isin value="US46613SRQ56"/>
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        <curCd>USD</curCd>
        <valUSD>22619.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arlington Independent School District</name>
        <lei>N/A</lei>
        <title>Arlington Independent School District, Series 2021</title>
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          <isin value="US0418266N38"/>
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        <balance>25000.00000000</balance>
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        <valUSD>26419.31000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>Regional Transportation District Sales Tax</name>
        <lei>N/A</lei>
        <title>Regional Transportation District Sales Tax, Series 2023A</title>
        <cusip>759136VS0</cusip>
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          <isin value="US759136VS01"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>137104.38000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
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        <cusip>89602RJG1</cusip>
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          <isin value="US89602RJG11"/>
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        <balance>65000.00000000</balance>
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        <valUSD>74555.88000000</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>Board of Regents of the University of Texas System</name>
        <lei>TEHUYFNKZR6XVWLGEU86</lei>
        <title>Board of Regents of the University of Texas System, Series 2021A</title>
        <cusip>91514AKH7</cusip>
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        <valUSD>94567.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan State University</name>
        <lei>N/A</lei>
        <title>Michigan State University, Series 2019B</title>
        <cusip>594712US8</cusip>
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          <isin value="US594712US88"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21549.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>Clear Creek Independent School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California</title>
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          <isin value="US13063DLJ53"/>
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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>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series 2020B</title>
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          <isin value="US167593R202"/>
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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>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
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          <isin value="US49151F2H29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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          <isin value="US544445TJ81"/>
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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>2034-05-15</maturityDt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US60412AWM16"/>
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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>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Mobile</name>
        <lei>N/A</lei>
        <title>City of Mobile, Series 2025A</title>
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          <isin value="US6071143T08"/>
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        <balance>205000.00000000</balance>
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        <valUSD>230326.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
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          <isin value="US812627KH91"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68043.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Prince George's</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Montgomery</name>
        <lei>N/A</lei>
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          <isin value="US61366AJA60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
        <lei>254900GOGQEZEWCZ4D37</lei>
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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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        <name>Santa Fe Public School District</name>
        <lei>54930082JUO16DJWGD91</lei>
        <title>Santa Fe Public School District, Series 2024</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Antonio Water System</name>
        <lei>549300S7VENCVRZAA322</lei>
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        <balance>65000.00000000</balance>
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        <valUSD>73428.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
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      <invstOrSec>
        <name>Louisville Water Co.</name>
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        <title>Louisville Water Co., Series 2025</title>
        <cusip>54659RFT3</cusip>
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        <balance>100000.00000000</balance>
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        <valUSD>114316.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2021C</title>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>143600.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Auburn University</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Cuyahoga</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Lone Star College System</name>
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          <isin value="US542264JS68"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
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        <name>New Hampshire Municipal Bond Bank</name>
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          <isin value="US64465QTH91"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
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        <name>Frisco Independent School District</name>
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          <isin value="US35880CG817"/>
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        <balance>175000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of Miami-Dade</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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        <name>San Bernardino Community College District</name>
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          <isin value="US796720QP88"/>
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        <balance>45000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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        <name>Texas State Technical College</name>
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          <isin value="US88276RFB33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Transportation Infrastructure Bank</name>
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        <name>District of Columbia Income Tax</name>
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        <name>City of Dallas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Austin</name>
        <lei>IW10PQVTU7HKS3JMW253</lei>
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        <name>City of Seattle</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Prosper Independent School District</name>
        <lei>N/A</lei>
        <title>Prosper Independent School District, Series 2024</title>
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          <isin value="US7436003X47"/>
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        <balance>50000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US60412AWN98"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26712.44000000</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>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602NF900"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97172.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Memphis Sanitary Sewerage System</name>
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          <isin value="US586200SL27"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55540.42000000</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>2031-10-01</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>
        <title>Ohio Water Development Authority, Series 2021</title>
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          <isin value="US67765QKZ80"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39941.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <cusip>93974ELM6</cusip>
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          <isin value="US93974ELM65"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116922.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
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          <isin value="US20772KLW70"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70835.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Charlotte Water &amp; Sewer System Revenue</name>
        <lei>N/A</lei>
        <title>City of Charlotte Water &amp; Sewer System, Series 2022A</title>
        <cusip>161045RL5</cusip>
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          <isin value="US161045RL52"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96789.38000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Denver</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
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          <isin value="US249164TT19"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199671.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Delaware Transportation Authority</name>
        <lei>N/A</lei>
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          <isin value="US246428K474"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105764.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maine Governmental Facilities Authority</name>
        <lei>N/A</lei>
        <title>Maine Governmental Facilities Authority, Series 2020A</title>
        <cusip>56041MTS3</cusip>
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          <isin value="US56041MTS34"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16340.47000000</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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of West Virginia</name>
        <lei>N/A</lei>
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        <cusip>956553M81</cusip>
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          <isin value="US956553M814"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67058.13000000</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>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Jose Evergreen Community College District</name>
        <lei>5493006H31JIFYW6Z091</lei>
        <title>San Jose Evergreen Community College District, Series B</title>
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          <isin value="US798189FS05"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43736.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>School District of Broward County</name>
        <lei>5493006KVNQDJ1D0OD92</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</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 2020C</title>
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          <isin value="US544647DB34"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32168.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <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 R-1</title>
        <cusip>797355Q31</cusip>
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          <isin value="US797355Q313"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91843.70000000</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>None</couponKind>
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      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
        <title>State of Georgia, Series 2020A</title>
        <cusip>373385GS6</cusip>
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          <isin value="US373385GS65"/>
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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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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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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>Northwest Independent School District</name>
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        <name>State of North Carolina</name>
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        <name>Ohio Water Development Authority</name>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>San Francisco City &amp; County Public Utilities Commission Wastewater</name>
        <lei>N/A</lei>
        <title>San Francisco City &amp; County Public Utilities Commission Wastewater, Series 2022B</title>
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          <isin value="US79768HGR30"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11662.02000000</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>2031-10-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>King County School District No. 403 Renton</name>
        <lei>N/A</lei>
        <title>King County School District No. 403 Renton, Series 2023</title>
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        <identifiers>
          <isin value="US495080WD12"/>
          <other otherDesc="Inhouse Asset ID" value="495080WD1"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22836.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>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 2021F-1</title>
        <cusip>64971XZG6</cusip>
        <identifiers>
          <isin value="US64971XZG68"/>
          <other otherDesc="Inhouse Asset ID" value="64971XZG6"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100245.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JEA Electric System</name>
        <lei>N/A</lei>
        <title>JEA Electric System, Series 2024A</title>
        <cusip>46613SRY8</cusip>
        <identifiers>
          <isin value="US46613SRY80"/>
          <other otherDesc="Inhouse Asset ID" value="46613SRY8"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>147432.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Alaska</name>
        <lei>N/A</lei>
        <title>State of Alaska, Series 2024A</title>
        <cusip>0117705N0</cusip>
        <identifiers>
          <isin value="US0117705N01"/>
          <other otherDesc="Inhouse Asset ID" value="0117705N0"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34063.28000000</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>2031-08-01</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>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
        <title>Las Vegas Valley Water District, Series 2020A</title>
        <cusip>517845HC0</cusip>
        <identifiers>
          <isin value="US517845HC01"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95665.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</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>
      <invstOrSec>
        <name>Fort Worth Independent School District</name>
        <lei>N/A</lei>
        <title>Fort Worth Independent School District, Series 2024</title>
        <cusip>349461EQ2</cusip>
        <identifiers>
          <isin value="US349461EQ25"/>
          <other otherDesc="Inhouse Asset ID" value="349461EQ2"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>157600.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</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>
      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2022BB</title>
        <cusip>64613CAZ1</cusip>
        <identifiers>
          <isin value="US64613CAZ14"/>
          <other otherDesc="Inhouse Asset ID" value="64613CAZ1"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112753.01000000</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>2031-06-15</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>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, Series 2023</title>
        <cusip>54641CBH7</cusip>
        <identifiers>
          <isin value="US54641CBH79"/>
          <other otherDesc="Inhouse Asset ID" value="54641CBH7"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>265761.01000000</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>
          <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>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority, Series 2023A</title>
        <cusip>67765QMS2</cusip>
        <identifiers>
          <isin value="US67765QMS20"/>
          <other otherDesc="Inhouse Asset ID" value="67765QMS2"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40121.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>Commonwealth of Pennsylvania</name>
        <lei>549300WICSGUHKHF1T85</lei>
        <title>Commonwealth of Pennsylvania, Series 2021-1</title>
        <cusip>70914PU67</cusip>
        <identifiers>
          <isin value="US70914PU672"/>
          <other otherDesc="Inhouse Asset ID" value="70914PU67"/>
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        <balance>130000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>138828.24000000</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>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Leander Independent School District</name>
        <lei>N/A</lei>
        <title>Leander Independent School District, Series 2022</title>
        <cusip>521841F92</cusip>
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          <isin value="US521841F920"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28252.51000000</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>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia Water &amp; Sewer Authority</name>
        <lei>549300OT2FIJQJ5PSH71</lei>
        <title>District of Columbia Water &amp; Sewer Authority, Series 2022C1</title>
        <cusip>254845SF8</cusip>
        <identifiers>
          <isin value="US254845SF88"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57011.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</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>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2019A</title>
        <cusip>92778VGJ1</cusip>
        <identifiers>
          <isin value="US92778VGJ17"/>
          <other otherDesc="Inhouse Asset ID" value="92778VGJ1"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>21575.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</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 2023</title>
        <cusip>1675933T7</cusip>
        <identifiers>
          <isin value="US1675933T70"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111345.81000000</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>2031-01-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California, Series 2024</title>
        <cusip>13063EAF3</cusip>
        <identifiers>
          <isin value="US13063EAF34"/>
          <other otherDesc="Inhouse Asset ID" value="13063EAF3"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23028.77000000</valUSD>
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        <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>
          <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>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2008D</title>
        <cusip>66285WBW5</cusip>
        <identifiers>
          <isin value="US66285WBW55"/>
          <other otherDesc="Inhouse Asset ID" value="66285WBW5"/>
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        <balance>405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>354175.98000000</valUSD>
        <pctVal>0.466889420057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Georgia</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Harris</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</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 Texas</name>
        <lei>N/A</lei>
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          <isin value="US8827242F31"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28556.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
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          <isin value="US56045R5R64"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73609.80000000</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>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Harrisonburg</name>
        <lei>N/A</lei>
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          <isin value="US415666RS79"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85293.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Des Moines</name>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112768.78000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clark County School District No. 37 Vancouver</name>
        <lei>N/A</lei>
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          <isin value="US181144UA25"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54199.39000000</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>
          <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="US64990KHK25"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16999.22000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma Municipal Power Authority</name>
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        <balance>25000.00000000</balance>
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        <valUSD>27842.57000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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        <name>Norwalk-La Mirada Unified School District</name>
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        <balance>135000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>School Board of Miami-Dade County (The)</name>
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        <balance>45000.00000000</balance>
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        <valUSD>50563.71000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <balance>55000.00000000</balance>
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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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        <name>State of Connecticut Special Tax</name>
        <lei>5493007GRO6CU0IKP741</lei>
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        <balance>105000.00000000</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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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut, Series 2022G</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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      <invstOrSec>
        <name>Coppell Independent School District</name>
        <lei>N/A</lei>
        <title>Coppell Independent School District, Series 2023</title>
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        <balance>55000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <name>King &amp; Snohomish Counties School District No. 417 Northshore</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>Orange County School Board</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Kansas Development Finance Authority</name>
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        <name>Indiana Finance Authority</name>
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      <invstOrSec>
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        <name>Indiana Finance Authority</name>
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        <name>State of Illinois Sales Tax</name>
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        <name>Georgia Ports Authority</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>State of Washington</name>
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        <name>City of Fort Worth</name>
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        <name>State of Minnesota</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>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>County of Williamson</name>
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      <invstOrSec>
        <name>City of Portland</name>
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        <name>Clark County School District No. 114 Evergreen</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Waco Educational Finance Corp.</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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greenville Independent School District</name>
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          <isin value="US396730PC16"/>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>Philadelphia Gas Works Co.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
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          <isin value="US603827M454"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AY503"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-15</maturityDt>
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        <name>Michigan State University</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
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        <name>City of Charlotte</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Delaware Transportation Authority</name>
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        <balance>80000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Temple Independent School District</name>
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        <name>Oklahoma Water Resources Board</name>
        <lei>5493007CUNXW5UX11C71</lei>
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        <name>Washoe County School District</name>
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        <name>Energy Northwest</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of New Orleans</name>
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        <name>City &amp; County of San Francisco</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Chicago Wastewater Transmission</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Virginia Resources Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut Special Tax</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of Houston of Harris County Texas</name>
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          <isin value="US734262FL72"/>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Ohio</name>
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        <name>Oklahoma Water Resources Board</name>
        <lei>5493007CUNXW5UX11C71</lei>
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        <name>Anaheim Public Financing Authority</name>
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        <name>Tyler Independent School District</name>
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        <name>Omaha Public Power District</name>
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        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Klein Independent School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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      <invstOrSec>
        <name>Prosper Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Louisiana</name>
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          <isin value="US546417HM14"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Montgomery</name>
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          <isin value="US61334PFN87"/>
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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 &amp; County Honolulu Wastewater System</name>
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          <isin value="US4387012J26"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22719.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chattanooga</name>
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        <balance>170000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Nebraska Public Power District</name>
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          <isin value="US63968A4Y82"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>DeSoto Independent School District</name>
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          <isin value="US241722GN12"/>
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        <balance>85000.00000000</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>2031-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured, Series 2021F-1</title>
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          <isin value="US64971XZJ08"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>114504.13000000</valUSD>
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        <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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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
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          <isin value="US49151FX542"/>
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        <balance>50000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
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          <isin value="US67766WM252"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136352.20000000</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 York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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          <isin value="US64971XF378"/>
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        <balance>200000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago O'Hare International Airport</name>
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          <isin value="US167591BS41"/>
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        <balance>90000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US5444957H15"/>
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        <invCountry>US</invCountry>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974EBK10"/>
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        <invCountry>US</invCountry>
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        <name>City of Cleveland</name>
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        <name>City of Portland</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-10-01</maturityDt>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
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        <balance>120000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of New York</name>
        <lei>N/A</lei>
        <title>State of New York, Series 2021A</title>
        <cusip>649791QU7</cusip>
        <identifiers>
          <isin value="US649791QU78"/>
          <other otherDesc="Inhouse Asset ID" value="649791QU7"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20311.38000000</valUSD>
        <pctVal>0.026775300879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey, Series 224</title>
        <cusip>73358XBE1</cusip>
        <identifiers>
          <isin value="US73358XBE13"/>
          <other otherDesc="Inhouse Asset ID" value="73358XBE1"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>112984.77000000</valUSD>
        <pctVal>0.148941195110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Haven Unified School District</name>
        <lei>N/A</lei>
        <title>New Haven Unified School District, Series 2009</title>
        <cusip>645002XJ0</cusip>
        <identifiers>
          <isin value="US645002XJ02"/>
          <other otherDesc="Inhouse Asset ID" value="645002XJ0"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>82582.08000000</valUSD>
        <pctVal>0.108863112169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series 2021D</title>
        <cusip>13068XDS5</cusip>
        <identifiers>
          <isin value="US13068XDS53"/>
          <other otherDesc="Inhouse Asset ID" value="13068XDS5"/>
        </identifiers>
        <balance>120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>131057.72000000</valUSD>
        <pctVal>0.172765705017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Milwaukee Metropolitan Sewerage District</name>
        <lei>N/A</lei>
        <title>Milwaukee Metropolitan Sewerage District, Series 2022A</title>
        <cusip>602409NG5</cusip>
        <identifiers>
          <isin value="US602409NG56"/>
          <other otherDesc="Inhouse Asset ID" value="602409NG5"/>
        </identifiers>
        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67126.59000000</valUSD>
        <pctVal>0.088489046251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Pasadena</name>
        <lei>N/A</lei>
        <title>City of Pasadena</title>
        <cusip>702317CM8</cusip>
        <identifiers>
          <isin value="US702317CM84"/>
          <other otherDesc="Inhouse Asset ID" value="702317CM8"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44958.49000000</valUSD>
        <pctVal>0.059266140303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Florida Municipal Power Agency</name>
        <lei>549300M3I10QJUPNU131</lei>
        <title>Florida Municipal Power Agency, Series 2021A</title>
        <cusip>342816S89</cusip>
        <identifiers>
          <isin value="US342816S898"/>
          <other otherDesc="Inhouse Asset ID" value="342816S89"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>113070.85000000</valUSD>
        <pctVal>0.149054669325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2019A</title>
        <cusip>64990GJG8</cusip>
        <identifiers>
          <isin value="US64990GJG82"/>
          <other otherDesc="Inhouse Asset ID" value="64990GJG8"/>
        </identifiers>
        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>87078.67000000</valUSD>
        <pctVal>0.114790703016</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Charlotte</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>City of Charlotte, Series 2021B</title>
        <cusip>1610374D5</cusip>
        <identifiers>
          <isin value="US1610374D55"/>
          <other otherDesc="Inhouse Asset ID" value="1610374D5"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>28387.99000000</valUSD>
        <pctVal>0.037422222104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2026-01-31</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>
