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        <name>University of Washington</name>
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        <name>Indiana Finance Authority</name>
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        <name>State of Washington</name>
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        <name>Purdue University</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
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        <valUSD>45639.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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      <invstOrSec>
        <name>City of Austin</name>
        <lei>IW10PQVTU7HKS3JMW253</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Denton</name>
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        <balance>20000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Fort Worth</name>
        <lei>N/A</lei>
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          <isin value="US349507DD27"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System</name>
        <lei>N/A</lei>
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          <isin value="US89658HYF18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974D2G25"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>147593.85000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fort Worth Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US3494607G41"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205759.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37388.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
        <lei>N/A</lei>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100738.29000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Arlington</name>
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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>2029-08-15</maturityDt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <curCd>USD</curCd>
        <valUSD>47578.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of San Antonio</name>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
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          <isin value="US574193RR19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Nevada</name>
        <lei>N/A</lei>
        <title>State of Nevada, Series 2018A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Conroe Independent School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority, Series 2020B</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
        <title>Illinois State Toll Highway Authority, Series 2024A</title>
        <cusip>452252QG7</cusip>
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          <isin value="US452252QG77"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>Board of Governors of Colorado State University System</name>
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        <name>Austin Independent School District</name>
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        <name>Municipality of Anchorage</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Arizona State University</name>
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        <name>Omaha Public Power District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Carolina Turnpike Authority</name>
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        <name>County of King</name>
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        <name>Hays Consolidated Independent School District</name>
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        <name>City of Lubbock</name>
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        <name>State of Connecticut</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>State of Minnesota</name>
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        <name>State of Wisconsin</name>
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        <name>Frisco Independent School District</name>
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        <name>County of Clark</name>
        <lei>549300LDD8NZB2EOVG83</lei>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>Temple University-of The Commonwealth System of Higher Education</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>State of Maryland</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151FTC40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark</name>
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          <isin value="US181000PU88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. V</name>
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          <isin value="US88256RAC07"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State Public School Building Authority</name>
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          <isin value="US85732NDP78"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Collin County Community College District</name>
        <lei>N/A</lei>
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          <isin value="US194741HH09"/>
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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>King County School District No. 405 Bellevue</name>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582RUZ71"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155363.31000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>Alvin Independent School District</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Pierce County School District No. 403 Bethel</name>
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      <invstOrSec>
        <name>County of Wake</name>
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        <name>Orlando Utilities Commission</name>
        <lei>549300EJR7JVMRXL5D66</lei>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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          <isin value="US3411507Y02"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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          <isin value="US438687HX63"/>
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        <balance>475000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Alabama Gas District (The)</name>
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        <name>University of Utah (The)</name>
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        <name>North Orange County Community College District</name>
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        <name>Houston Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Iowa Board of Regents</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Long Island Power Authority</name>
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        <name>Texas Water Development Board</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>Alamo Community College District</name>
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        <name>State of Illinois</name>
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        <name>San Jacinto Community College District</name>
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        <name>Orlando Utilities Commission</name>
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        <name>California State Public Works Board</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Prince George's</name>
        <lei>549300NSQ1W50I0VU811</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Kansas City</name>
        <lei>N/A</lei>
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          <isin value="US485116YR21"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>86039.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida</name>
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          <isin value="US34153QWQ53"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
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          <isin value="US812643RH94"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41234.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire State Turnpike System</name>
        <lei>N/A</lei>
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          <isin value="US644693NL31"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</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 Water System</name>
        <lei>N/A</lei>
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        <cusip>544525XZ6</cusip>
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          <isin value="US544525XZ62"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127188.01000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Dallas</name>
        <lei>N/A</lei>
        <title>City of Dallas, Series 2024C</title>
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          <isin value="US235219YL06"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79015.38000000</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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of King</name>
        <lei>N/A</lei>
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          <isin value="US49474FJ760"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31939.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
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          <isin value="US882724KL09"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240076.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Miami-Dade</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>County of Miami-Dade, Series A</title>
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          <isin value="US59333PT243"/>
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        <balance>1675000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Plano Independent School District</name>
        <lei>N/A</lei>
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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>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
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        <cusip>88213AJF3</cusip>
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        <balance>70000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California State Public Works Board</name>
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        <valUSD>118123.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, Series 2024C</title>
        <cusip>546417JJ6</cusip>
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        <balance>500000.00000000</balance>
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        <valUSD>537788.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Municipality of Anchorage</name>
        <lei>N/A</lei>
        <title>Municipality of Anchorage, Series 2018A</title>
        <cusip>0331616S4</cusip>
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          <isin value="US0331616S43"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79985.57000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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        <name>Hillsborough County School Board</name>
        <lei>549300E7JND1K3JLOI29</lei>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>580841.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority, Series 2018B</title>
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        <balance>235000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>City of New York</name>
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      <invstOrSec>
        <name>Long Beach Unified School District</name>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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        <name>University of Colorado</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
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        <balance>135000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Delaware</name>
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        <invCountry>US</invCountry>
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        <name>County of Pima</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>University of Utah (The)</name>
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        <name>State of Wisconsin</name>
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        <name>City of New York</name>
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        <name>Fort Worth Independent School District</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Intermountain Power Agency</name>
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        <name>State of Florida</name>
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        <name>State of Iowa Board of Regents</name>
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        <name>Wisconsin Department of Transportation</name>
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        <name>Washoe County School District</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>City of New York</name>
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        <name>City of Denton</name>
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        <name>Texas A&amp;M University</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>Volusia County School Board</name>
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        <name>Virginia Resources Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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      <invstOrSec>
        <name>City of Seattle Water System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission Oil Franchise Tax</name>
        <lei>N/A</lei>
        <title>Pennsylvania Turnpike Commission Oil Franchise Tax, Series 2021A</title>
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          <isin value="US709221VT92"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania State University (The)</name>
        <lei>549300QDK4O4XCJ47X56</lei>
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          <isin value="US709235C868"/>
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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>Port of Seattle</name>
        <lei>549300T9UCDUJ3GZL429</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>University of Minnesota</name>
        <lei>N/A</lei>
        <title>University of Minnesota, Series 2017A</title>
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          <isin value="US914460PW42"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <balance>25000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
        <name>Kansas Development Finance Authority</name>
        <lei>549300WTL7BL8KBDPR87</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Bexar</name>
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        <name>Florida Department of Environmental Protection</name>
        <lei>N/A</lei>
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        <name>Denver City &amp; County School District No. 1</name>
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        <name>City of Houston Combined Utility System</name>
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        <name>City of Colorado Springs</name>
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        <name>Long Beach Unified School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>County of Wake</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>County of Wake, Series 2021</title>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>New Mexico Finance Authority</name>
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        <name>Energy Northwest</name>
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        <name>State of Washington</name>
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        <name>State of Maine</name>
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        <name>County of Harris Toll Road</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>University of North Texas System</name>
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        <name>State of Maine</name>
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        <name>Maricopa County Unified School District No. 48 Scottsdale</name>
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        <name>City of New York</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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      <invstOrSec>
        <name>Borough of Matanuska-Susitna AK</name>
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        <name>State of Connecticut</name>
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        <name>City of Fort Worth</name>
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        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>City of Austin</name>
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        <name>City of Virginia Beach</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>Maricopa County Unified School District No. 48 Scottsdale</name>
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        <name>Auburn University</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>New York State Thruway Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Chicago Transit Authority Capital Grant Receipts</name>
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        <name>State of Georgia</name>
        <lei>N/A</lei>
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        <name>City of Dallas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Hennepin</name>
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        <balance>115000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Collin</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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        <name>County of Harris</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
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          <isin value="US696550G551"/>
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        <balance>25000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>County of Cook</name>
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        <balance>1090000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Barbers Hill Independent School District</name>
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        <balance>100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Hamilton</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Round Rock Independent School District</name>
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        <balance>320000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>South Carolina Transportation Infrastructure Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Orlando Utilities Commission</name>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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        <balance>70000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Rhode Island Commerce Corp.</name>
        <lei>N/A</lei>
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          <isin value="US762232BP05"/>
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        <balance>955000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority, Series 2025A</title>
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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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        <name>City of Portland</name>
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        <name>County of Wilson</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>North Carolina Municipal Power Agency No. 1</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oregon State Lottery</name>
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        <name>San Antonio Independent School District</name>
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        <name>Michigan Finance Authority</name>
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        <name>Pierce County School District No. 3 Puyallup</name>
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        <name>Missouri State Board of Public Buildings</name>
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        <name>State of Georgia</name>
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        <name>Clark County School District No. 114 Evergreen</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Kansas Turnpike Authority</name>
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        <name>Nebraska Public Power District</name>
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        <name>University of California</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>City of Omaha</name>
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        <name>State of Washington</name>
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        <name>Maine Municipal Bond Bank</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>University of Minnesota</name>
        <lei>N/A</lei>
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        <name>County of Harris</name>
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      <invstOrSec>
        <name>City of Salt Lake City</name>
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        <name>Imperial Irrigation District Electric System Revenue</name>
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        <name>El Camino Community College District Fountation (The)</name>
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        <name>Kentucky Turnpike Authority</name>
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        <name>Pennsylvania Turnpike Commission Registration Fee</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>State of Maine</name>
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        <name>Parish of St. John the Baptist</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>City of Baltimore</name>
        <lei>N/A</lei>
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        <name>State of Hawaii</name>
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        <name>Michigan State Hospital Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania State University (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County School District No. 122 Ridgefield</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Port of Seattle</name>
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        <name>Kentucky Turnpike Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Dallas Waterworks &amp; Sewer System Revenue</name>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>William S Hart Union High School District</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Vermont Municipal Bond Bank</name>
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        <name>City of San Antonio</name>
        <lei>5493002G2FEH20Q4GQ04</lei>
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        <invCountry>US</invCountry>
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        <name>County of Howard</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Massachusetts</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>Virginia Public School Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wylie Independent School District</name>
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        <name>State of Maryland Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Resources Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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        <name>California State University</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maine</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City &amp; County of Honolulu</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Mexico Finance Authority</name>
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        <name>County of Snohomish</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Frisco Independent School District</name>
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        <name>Maine Governmental Facilities Authority</name>
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        <name>Maryland Stadium Authority</name>
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      <invstOrSec>
        <name>Chicago Midway International Airport</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Franklin</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Colorado</name>
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          <isin value="US91417NJP15"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charlotte-Mecklenburg Hospital Authority (The)</name>
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          <isin value="US160853VN40"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>477619.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wayne County Airport Authority</name>
        <lei>N/A</lei>
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          <isin value="US944514YB80"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Leander Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Montana</name>
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          <isin value="US612103WB33"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117201.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Round Rock Independent School District</name>
        <lei>N/A</lei>
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        <balance>140000.00000000</balance>
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        <valUSD>145244.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Houston Independent School District</name>
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        <balance>20000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US939720U301"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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          <isin value="US54811BWG21"/>
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        <balance>45000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>Escondido Union High School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>Washington Suburban Sanitary Commission</name>
        <lei>549300EZUWNTQF827C24</lei>
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          <isin value="US940158AG33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
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          <isin value="US56045RD303"/>
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        <balance>50000.00000000</balance>
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        <valUSD>53638.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
        <title>Virginia Commonwealth Transportation Board, Series 2018</title>
        <cusip>927793F87</cusip>
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          <isin value="US927793F873"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Clark County School District</name>
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          <maturityDt>2028-06-15</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Leander Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Lubbock Water &amp; Wastewater</name>
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        <name>County of Snohomish</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Howard</name>
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        <balance>55000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Maine Governmental Facilities Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
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        <balance>755000.00000000</balance>
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        <name>Board of Governors of Colorado State University System</name>
        <lei>549300MAE3RAIIEIQV71</lei>
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        <name>County of Miami-Dade</name>
        <lei>549300QG0NBD9HULR263</lei>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>Lewisville Independent School District</name>
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        <name>Prosper Independent School District</name>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>City of Charlotte</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys</name>
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        <name>New Mexico Finance Authority</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>State of Washington</name>
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        <name>Maine Turnpike Authority</name>
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        <name>State of Illinois Sales Tax Revenue</name>
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        <name>Nebraska Public Power District</name>
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        <name>Prosper Independent School District</name>
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      <invstOrSec>
        <name>State of Maryland</name>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clear Creek Independent School District</name>
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        <name>State of Ohio</name>
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      <invstOrSec>
        <name>North East Independent School District</name>
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          <isin value="US6591542Y39"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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      <invstOrSec>
        <name>Kentucky Infrastructure Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>Katy Independent School District</name>
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        <name>County of Shelby</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northside Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nebraska Public Power District</name>
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        <name>County of Henrico</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-15</maturityDt>
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        <name>California State Public Works Board</name>
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        <name>County of Baltimore</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Las Vegas Valley Water District</name>
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        <name>County of Fairfax</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Orange County School Board</name>
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        <name>State of Wisconsin</name>
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        <name>Louisville &amp; Jefferson County Metropolitan Government</name>
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        <name>Northside Independent School District</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>County of Montgomery</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oregon City School District No. 62</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>County of Chesterfield</name>
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        <fairValLevel>2</fairValLevel>
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        <name>San Marcos Consolidated Independent School District</name>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <name>Richardson Independent School District</name>
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        <name>Barbers Hill Independent School District</name>
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        <name>Metropolitan St. Louis Sewer District</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <invCountry>US</invCountry>
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        <name>Washington Suburban Sanitary Commission</name>
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        <name>Hays Consolidated Independent School District</name>
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        <name>Katy Independent School District</name>
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        <name>King County School District No. 410 Snoqualmie Valley</name>
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        <name>Virginia Public Building Authority</name>
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        <name>Clark County School District</name>
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        <name>Empire State Development Corp.</name>
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        <name>New York State Dormitory Authority</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Atlanta Urban Residential Finance Authority</name>
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        <name>City of Dallas</name>
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        <name>East Bay Municipal Utility District Water System</name>
        <lei>N/A</lei>
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        <name>Massachusetts Bay Transportation Authority Sales Tax</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Conroe Independent School District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tarrant County College District</name>
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        <name>State of Connecticut</name>
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        <name>Auburn School District No. 408 of King &amp; Pierce Counties</name>
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        <name>University of Massachusetts Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Virginia Public Building Authority</name>
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        <name>City of Carrollton</name>
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        <name>Garland Independent School District</name>
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        <name>State of Delaware</name>
        <lei>N/A</lei>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Michigan State University</name>
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        <name>County of Montgomery</name>
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      <invstOrSec>
        <name>Tippecanoe County School Building Corp.</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>West Fargo Public School District No. 6</name>
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        <name>County of Montgomery</name>
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        <name>Austin Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Department of Transportation State Highway Fund</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut Special Tax</name>
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        <name>County of Montgomery</name>
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        <name>State of California</name>
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        <name>Tyler Independent School District</name>
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        <name>Northside Independent School District</name>
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        <name>Multnomah County School District No. 1J Portland</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>County of Loudoun</name>
        <lei>N/A</lei>
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        <cusip>54589TJG8</cusip>
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          <isin value="US54589TJG85"/>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382326.52000000</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>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Series 2018B</title>
        <cusip>59447TSY0</cusip>
        <identifiers>
          <isin value="US59447TSY00"/>
          <other otherDesc="Inhouse Asset ID" value="59447TSY0"/>
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        <curCd>USD</curCd>
        <valUSD>176868.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Dakota Public Finance Authority</name>
        <lei>N/A</lei>
        <title>North Dakota Public Finance Authority, Series 2018A</title>
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          <isin value="US65887PUE32"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117857.91000000</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>2030-10-01</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>
        <name>West Virginia Parkways Authority</name>
        <lei>N/A</lei>
        <title>West Virginia Parkways Authority, Series 2021</title>
        <cusip>956510BG5</cusip>
        <identifiers>
          <isin value="US956510BG56"/>
          <other otherDesc="Inhouse Asset ID" value="956510BG5"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37102.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <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>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Series 2019A</title>
        <cusip>60412AQU0</cusip>
        <identifiers>
          <isin value="US60412AQU06"/>
          <other otherDesc="Inhouse Asset ID" value="60412AQU0"/>
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        <balance>415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>443139.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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>Harris County Flood Control District</name>
        <lei>N/A</lei>
        <title>Harris County Flood Control District, Series 2025A</title>
        <cusip>414019CW7</cusip>
        <identifiers>
          <isin value="US414019CW77"/>
          <other otherDesc="Inhouse Asset ID" value="414019CW7"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>58740.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <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>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority, Series 2018</title>
        <cusip>92817THX7</cusip>
        <identifiers>
          <isin value="US92817THX72"/>
          <other otherDesc="Inhouse Asset ID" value="92817THX7"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47549.13000000</valUSD>
        <pctVal>0.007733971423</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>New Hampshire Municipal Bond Bank, Series 2016E</title>
        <cusip>64465PX29</cusip>
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          <isin value="US64465PX297"/>
          <other otherDesc="Inhouse Asset ID" value="64465PX29"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126040.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>Texas A&amp;M University, Series 2017E</title>
        <cusip>88213AKX2</cusip>
        <identifiers>
          <isin value="US88213AKX27"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248203.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alpine School District</name>
        <lei>N/A</lei>
        <title>Alpine School District, Series 2017</title>
        <cusip>021087VM0</cusip>
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          <isin value="US021087VM01"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25745.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Hays</name>
        <lei>N/A</lei>
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          <isin value="US421020L300"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226203.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Baltimore</name>
        <lei>N/A</lei>
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          <isin value="US059134EW29"/>
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        <balance>30000.00000000</balance>
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        <valUSD>31642.91000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>Alpine School District</name>
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          <isin value="US021087WE75"/>
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        <name>Leander Independent School District</name>
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          <isin value="US521841WN21"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-08-15</maturityDt>
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        <name>Texas State Technical College</name>
        <lei>N/A</lei>
        <title>Texas State Technical College, Series 2022A</title>
        <cusip>88276REY4</cusip>
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          <isin value="US88276REY45"/>
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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>Oregon Health &amp; Science University</name>
        <lei>549300XTWOAGON8L2G98</lei>
        <title>Oregon Health &amp; Science University, Series 2019A</title>
        <cusip>685869GF0</cusip>
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          <isin value="US685869GF05"/>
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        <curCd>USD</curCd>
        <valUSD>195569.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Columbus</name>
        <lei>254900NS3ODS0FZ3AM48</lei>
        <title>City of Columbus, Series 2019A</title>
        <cusip>199492YL7</cusip>
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          <isin value="US199492YL77"/>
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        <balance>260000.00000000</balance>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>Wylie Independent School District</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
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        <name>United Independent School District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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      <invstOrSec>
        <name>Great Lakes Water Authority Sewage Disposal System</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Utah Water Finance Agency</name>
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        <name>State of Connecticut</name>
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        <name>North East Independent School District/TX</name>
        <lei>N/A</lei>
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          <isin value="US659155LG88"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26658.66000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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        <cusip>56035DCZ3</cusip>
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          <isin value="US56035DCZ33"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>891537.50000000</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>2052-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Huntsville</name>
        <lei>549300FQXH802SS93031</lei>
        <title>City of Huntsville, Series 2018B</title>
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          <isin value="US447025K632"/>
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        <curCd>USD</curCd>
        <valUSD>83667.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Austin Water &amp; Wastewater System</name>
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          <isin value="US052477D941"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413445.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Henry County School District</name>
        <lei>N/A</lei>
        <title>Henry County School District, Series 2021</title>
        <cusip>426362NG0</cusip>
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          <isin value="US426362NG06"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>239591.14000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2020A</title>
        <cusip>246381PL5</cusip>
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          <isin value="US246381PL55"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278948.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
        <title>Illinois State Toll Highway Authority, Series 2018A</title>
        <cusip>452252ND7</cusip>
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          <isin value="US452252ND73"/>
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        <balance>1610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1694122.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
        <title>Austin Independent School District, Series 2019</title>
        <cusip>052430QE8</cusip>
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          <isin value="US052430QE80"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21283.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc., Series 2017A</title>
        <cusip>02765UNP5</cusip>
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          <isin value="US02765UNP56"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>167760.26000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
        <title>Northwest Independent School District, Series 2021</title>
        <cusip>667826AZ4</cusip>
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          <isin value="US667826AZ49"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26379.41000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut, Series 2021A</title>
        <cusip>20772KLS6</cusip>
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          <isin value="US20772KLS68"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150028.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fort Mill School District No. 4</name>
        <lei>5493003IDG5PRDEDK149</lei>
        <title>Fort Mill School District No. 4, Series 2017B</title>
        <cusip>986525VT7</cusip>
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          <isin value="US986525VT73"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82266.67000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority, Series 2017B</title>
        <cusip>6461397F6</cusip>
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          <isin value="US6461397F67"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204532.50000000</valUSD>
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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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      <invstOrSec>
        <name>Wylie Independent School District</name>
        <lei>N/A</lei>
        <title>Wylie Independent School District, Series 2024</title>
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          <isin value="US983069BC83"/>
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        <balance>55000.00000000</balance>
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        <valUSD>58034.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver</name>
        <lei>N/A</lei>
        <title>City &amp; County of Denver, Series 2021A</title>
        <cusip>24917DBZ5</cusip>
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          <isin value="US24917DBZ50"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42573.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charleston Educational Excellence Finance Corp.</name>
        <lei>N/A</lei>
        <title>Charleston Educational Excellence Finance Corp., Series 2023</title>
        <cusip>160131EL8</cusip>
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          <isin value="US160131EL88"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>370395.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California</title>
        <cusip>13063DM47</cusip>
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          <isin value="US13063DM473"/>
          <other otherDesc="Inhouse Asset ID" value="13063DM47"/>
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        <balance>945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1017503.52000000</valUSD>
        <pctVal>0.165499203596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>California State University</name>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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          <isin value="US64971XJ743"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Killeen Independent School District</name>
        <lei>N/A</lei>
        <title>Killeen Independent School District, Series 2018</title>
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          <isin value="US494152UR06"/>
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        <balance>445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>468239.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2019A</title>
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          <isin value="US54466HGY62"/>
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        <curCd>USD</curCd>
        <valUSD>112942.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Kansas Sanitary Sewer System</name>
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          <isin value="US48507THA43"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226048.59000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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          <isin value="US567505RV69"/>
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        <valUSD>42585.39000000</valUSD>
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        <name>Campbell Kenton &amp; Boone Counties Sanitation District No. 1</name>
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          <maturityDt>2031-08-01</maturityDt>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
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          <isin value="US232769DM84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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        <name>County of Allegheny</name>
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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>2028-12-01</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="US343137HJ77"/>
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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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        <name>Barbers Hill Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US067167ZA72"/>
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        <balance>115000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Manchester</name>
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          <maturityDt>2028-05-01</maturityDt>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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          <isin value="US97705MMX01"/>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Minnesota</name>
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        <cusip>60412AWH2</cusip>
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          <isin value="US60412AWH21"/>
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        <balance>300000.00000000</balance>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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          <isin value="US167486Z517"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
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          <isin value="US64465P2N73"/>
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        <balance>55000.00000000</balance>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Municipal Water District</name>
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          <isin value="US662835VT18"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
        <lei>254900GOGQEZEWCZ4D37</lei>
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          <isin value="US167560SX00"/>
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        <curCd>USD</curCd>
        <valUSD>255079.83000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California State Public Works Board</name>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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        <name>State of Delaware</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Plano Independent School District</name>
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          <isin value="US727199D995"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
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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>2029-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Colorado</name>
        <lei>N/A</lei>
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          <isin value="US19668QJR74"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58033.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Houston</name>
        <lei>N/A</lei>
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          <isin value="US44244CJ405"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48263.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series 2017</title>
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          <isin value="US709224ZP73"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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      <invstOrSec>
        <name>Snohomish County School District No. 201 Snohomish</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Public School &amp; College Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Salt Lake City Corp.</name>
        <lei>549300CRGKV67DRSGT85</lei>
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          <isin value="US79560QCU04"/>
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        <balance>310000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series 2017-3</title>
        <cusip>709224B99</cusip>
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          <isin value="US709224B997"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209655.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Cook</name>
        <lei>N/A</lei>
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        <balance>185000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
        <title>City of Seattle, Series 2020A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority, Series 2018E</title>
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          <isin value="US64711N5U57"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Wilmington</name>
        <lei>N/A</lei>
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          <isin value="US971567SD51"/>
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        <name>King County School District No. 414 Lake Washington</name>
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        <name>King &amp; Snohomish Counties School District No. 417 Northshore</name>
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        <name>Indiana University</name>
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        <name>State of New Mexico</name>
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      <invstOrSec>
        <name>Contra Costa Transportation Authority Sales Tax</name>
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        <name>City of Memphis</name>
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        <name>South Carolina Public Service Authority</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>City of San Antonio</name>
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        <name>Oklahoma Water Resources Board</name>
        <lei>5493007CUNXW5UX11C71</lei>
        <title>Oklahoma Water Resources Board, Series 2023</title>
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          <isin value="US67919PTA11"/>
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        <name>State of Florida</name>
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          <isin value="US34153QPM23"/>
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        <invCountry>US</invCountry>
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        <name>City of Lubbock</name>
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        <name>Metropolitan Council</name>
        <lei>N/A</lei>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County School District</name>
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        <name>Texas State University System</name>
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        <name>Virginia Resources Authority</name>
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        <name>State of Ohio</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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        <name>Will Grundy Etc Counties Community College District No. 525</name>
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        <name>New Mexico Finance Authority</name>
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        <name>State of Connecticut</name>
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        <name>Garland Independent School District</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>Grand River Dam Authority</name>
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        <name>State of Illinois Sales Tax Revenue</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>State of Washington</name>
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        <name>South Dakota Conservancy District</name>
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        <name>San Antonio Independent School District</name>
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        <name>District of Columbia Income Tax</name>
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        <name>Metropolitan Council</name>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Baltimore</name>
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      <invstOrSec>
        <name>Board of Governors of Colorado State University System</name>
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      <invstOrSec>
        <name>Rhode Island Health &amp; Educational Building Corp.</name>
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      <invstOrSec>
        <name>State of Mississippi Gaming Tax</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Santa Clara Valley Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Colorado River Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Knoxville</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Oregon</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut Special Tax</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Maricopa County Unified School District No. 80 Chandler</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kansas Development Finance Authority</name>
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        <name>State of Kansas Department of Transportation</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>State of Washington</name>
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        <name>State of Ohio</name>
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        <name>State of Florida</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Deschutes &amp; Jefferson Counties School District No. 2J Redmond</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Dallas</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971XN463"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Greenville Independent School District</name>
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          <isin value="US396730NZ29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northside Independent School District</name>
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          <isin value="US66702RXK30"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2018O</title>
        <cusip>91412HCM3</cusip>
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          <isin value="US91412HCM34"/>
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        <balance>105000.00000000</balance>
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        <valUSD>112069.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45506DA395"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Dallas</name>
        <lei>N/A</lei>
        <title>City of Dallas, Series 2020A</title>
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          <isin value="US235219RU87"/>
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        <balance>510000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Washoe</name>
        <lei>N/A</lei>
        <title>County of Washoe, Series 2021</title>
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          <isin value="US940774NS79"/>
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        <balance>20000.00000000</balance>
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        <valUSD>21263.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
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          <isin value="US68609TKF48"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>478514.25000000</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>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Indianapolis Department of Public Utilities Water System</name>
        <lei>N/A</lei>
        <title>City of Indianapolis Department of Public Utilities Water System, Series 2018A</title>
        <cusip>455412BL9</cusip>
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          <isin value="US455412BL93"/>
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        <balance>670000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys</name>
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          <isin value="US662842PC16"/>
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        <balance>25000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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        <cusip>64711RMD5</cusip>
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          <isin value="US64711RMD51"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Kansas Sanitary Sewer System</name>
        <lei>N/A</lei>
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          <isin value="US48507THB26"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
        <lei>N/A</lei>
        <title>Cypress-Fairbanks Independent School District, Series 2024A</title>
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          <isin value="US232769NN57"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2018B</title>
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          <isin value="US57582RSB32"/>
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        <curCd>USD</curCd>
        <valUSD>26309.92000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
        <lei>254900GOGQEZEWCZ4D37</lei>
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          <isin value="US167560XS59"/>
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        <valUSD>166303.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Purdue University</name>
        <lei>254900FDUYUVV8EQOC75</lei>
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          <isin value="US746189ZB82"/>
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        <curCd>USD</curCd>
        <valUSD>595379.51000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Unified School District No. 80 Chandler</name>
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          <isin value="US567389XE63"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Fairfax</name>
        <lei>N/A</lei>
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          <isin value="US30382AHB17"/>
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        <valUSD>193053.49000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series Q</title>
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          <isin value="US6500092M46"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>526896.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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          <isin value="US34153QKP09"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274439.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2017A</title>
        <cusip>67766WXS6</cusip>
        <identifiers>
          <isin value="US67766WXS69"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>347049.18000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series FN</title>
        <cusip>419792SH0</cusip>
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          <isin value="US419792SH05"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151543.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Leander Independent School District</name>
        <lei>N/A</lei>
        <title>Leander Independent School District, Series 2025A</title>
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          <isin value="US521841P754"/>
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        <balance>20000.00000000</balance>
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        <valUSD>21347.08000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Water Works Board of the City of Birmingham (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Chester</name>
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          <isin value="US165573G753"/>
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        <balance>105000.00000000</balance>
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        <valUSD>105831.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Wayne County Airport Authority</name>
        <lei>N/A</lei>
        <title>Wayne County Airport Authority, Series 2025H</title>
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          <isin value="US9445143B27"/>
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        <balance>65000.00000000</balance>
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        <valUSD>69640.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of Howard</name>
        <lei>N/A</lei>
        <title>County of Howard, Series 2018A</title>
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          <isin value="US44256PRT20"/>
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        <balance>25000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2019</title>
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          <isin value="US662903VV29"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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          <isin value="US64972GUT92"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Del Valle Independent School District</name>
        <lei>N/A</lei>
        <title>Del Valle Independent School District, Series 2024</title>
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          <isin value="US245505XX54"/>
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        <balance>65000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orange County Sanitation District</name>
        <lei>N/A</lei>
        <title>Orange County Sanitation District, Series 2021A</title>
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          <isin value="US68428TDJ34"/>
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        <name>Virginia College Building Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Georgia State Road &amp; Tollway Authority</name>
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        <name>Regional Transportation Authority</name>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
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      <invstOrSec>
        <name>Milwaukee Metropolitan Sewerage District</name>
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      <invstOrSec>
        <name>State of Texas</name>
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          <isin value="US882724JE84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chesapeake</name>
        <lei>N/A</lei>
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          <isin value="US16532LKS42"/>
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          <maturityDt>2028-08-01</maturityDt>
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      <invstOrSec>
        <name>Snohomish County School District No. 4 Lake Stevens</name>
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          <isin value="US833124RD43"/>
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          <maturityDt>2028-12-01</maturityDt>
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      <invstOrSec>
        <name>State of Nevada</name>
        <lei>N/A</lei>
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          <isin value="US641462FN18"/>
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        <balance>495000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of San Antonio</name>
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        <balance>40000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Rutherford</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina, Series 2019B</title>
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          <isin value="US6582564H24"/>
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        <balance>205000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>State of Maryland, Series 2018</title>
        <cusip>574193QT8</cusip>
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          <isin value="US574193QT83"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>448390.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Building Aid, Series S-1</title>
        <cusip>64972HZN5</cusip>
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          <isin value="US64972HZN50"/>
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        <balance>75000.00000000</balance>
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        <valUSD>77873.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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          <isin value="US6461396L45"/>
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        <balance>95000.00000000</balance>
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        <valUSD>97186.11000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System</name>
        <lei>N/A</lei>
        <title>Trinity River Authority Central Regional Wastewater System, Series 2021</title>
        <cusip>89658HXV7</cusip>
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          <isin value="US89658HXV76"/>
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        <balance>65000.00000000</balance>
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        <valUSD>69359.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
        <title>Lewisville Independent School District, Series 2019</title>
        <cusip>52882PDL9</cusip>
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          <isin value="US52882PDL94"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26588.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Guilford</name>
        <lei>549300OUKUGQGH8RCL96</lei>
        <title>County of Guilford, Series 2016A</title>
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          <isin value="US401784B694"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5011.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Utah (The)</name>
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        <name>Abilene Independent School District</name>
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        <name>Arlington Independent School District</name>
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        <name>Leander Independent School District</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Klein Independent School District</name>
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        <name>County of Harris</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kansas Development Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>San Antonio Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Virginia College Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Miami-Dade</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Florida Municipal Power Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Dakota Conservancy District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Trinity River Authority Central Regional Wastewater System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of Allegheny County</name>
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        <name>State of Hawaii</name>
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        <name>City of Seattle</name>
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        <name>New York State Dormitory Authority</name>
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        <name>University of Utah (The)</name>
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        <name>City of Los Angeles</name>
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        <name>City of Bryan Electric System</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
        <name>Oklahoma Department of Transportation</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Town of Cary</name>
        <lei>N/A</lei>
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        <name>New Jersey Turnpike Authority</name>
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        <name>State of Illinois</name>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of California</name>
        <lei>N/A</lei>
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          <isin value="US91412HAQ65"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
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        <name>City &amp; County of Denver</name>
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          <isin value="US249164QU19"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
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          <isin value="US45471APZ92"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Nevada Highway Improvement</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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        <name>County of Montgomery</name>
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        <balance>90000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2025D</title>
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          <isin value="US45506EPG25"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42188.26000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>Energy Northwest</name>
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        <balance>155000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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          <isin value="US64711PEJ57"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Arlington</name>
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        <balance>60000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>County of Clark</name>
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        <invCountry>US</invCountry>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority, Series 2017</title>
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        <name>County of Miami-Dade</name>
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        <name>Water Works Board of the City of Birmingham (The)</name>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia College Building Authority</name>
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        <name>State of West Virginia</name>
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        <name>Los Angeles County Facilities, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Public Building Authority</name>
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        <name>North East Independent School District</name>
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        <name>City of Dallas</name>
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        <name>Spring Independent School District</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Florida</name>
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          <isin value="US3411504R87"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Louisville and Jefferson County Metropolitan Sewer District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Florida Department of Transportation</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
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          <isin value="US542691BL33"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
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        <name>Virginia Resources Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-01</maturityDt>
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        <name>State of Florida</name>
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          <isin value="US34153QHM15"/>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maryland Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fort Mill School District No. 4</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Wisconsin</name>
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        <name>Arizona Board of Regents</name>
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        <name>Oklahoma Capitol Improvement Authority</name>
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        <name>State of Mississippi</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Miami University</name>
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      <invstOrSec>
        <name>Contra Costa Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Contra Costa Transportation Authority Sales Tax, Series 2018B</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Mateo Union High School District</name>
        <lei>N/A</lei>
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        <name>California State Public Works Board</name>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
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        <name>California State Public Works Board</name>
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        <name>Michigan State University</name>
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        <name>Katy Independent School District</name>
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        <name>New Hampshire Municipal Bond Bank</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
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        <name>Michigan State Building Authority</name>
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        <name>Socorro Independent School District</name>
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        <name>University of Washington</name>
        <lei>T8YS5W0N70BYCTHPA429</lei>
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        <name>New York State Dormitory Authority</name>
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        <name>Texas Tech University System</name>
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        <name>University of Washington</name>
        <lei>T8YS5W0N70BYCTHPA429</lei>
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        <name>Oklahoma City Water Utilities Trust</name>
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        <name>Nebraska Public Power District</name>
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        <name>New Mexico Finance Authority</name>
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        <name>Board of Governors of Colorado State University System</name>
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        <name>State of Connecticut</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Florida Department of Environmental Protection</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Trinity River Authority Mountain Creek Regional Wastewater System</name>
        <lei>N/A</lei>
        <title>Trinity River Authority Mountain Creek Regional Wastewater System, Series 2022</title>
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          <isin value="US896572EQ39"/>
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        <curCd>USD</curCd>
        <valUSD>85365.67000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Hawaii</name>
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          <isin value="US419792LK07"/>
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        <curCd>USD</curCd>
        <valUSD>254490.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Marcos Consolidated Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US798781F700"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26683.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US594615FJ03"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142606.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
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          <isin value="US452152G964"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470799.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>City of Norfolk</name>
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          <isin value="US655867UY33"/>
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        <balance>300000.00000000</balance>
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        <valUSD>303462.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Maryland</name>
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          <isin value="US574193QD32"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502627.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974EHU38"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>224038.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maryland Stadium Authority</name>
        <lei>549300VA283TTQRDNF71</lei>
        <title>Maryland Stadium Authority, Series 2018A</title>
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          <isin value="US574296BJ70"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21158.79000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
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          <isin value="US517845MD29"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>440906.71000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <cusip>97705MRD9</cusip>
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          <isin value="US97705MRD91"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>339394.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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        <cusip>64971XCJ5</cusip>
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          <isin value="US64971XCJ54"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>103757.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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 2018A</title>
        <cusip>882854H62</cusip>
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          <isin value="US882854H625"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105685.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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        <identifiers>
          <isin value="US646140JK08"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>430554.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Series 2017B</title>
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          <isin value="US59261ANL79"/>
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        <balance>895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>960692.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2017A</title>
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          <isin value="US67766WXT43"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119151.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>South Carolina Transportation Infrastructure Bank</name>
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        <name>State of Wisconsin</name>
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        <name>City of Dallas</name>
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        <name>Metropolitan Council</name>
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        <name>State of Michigan Trunk Line</name>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
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          <isin value="US67757ABJ97"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GVT65"/>
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        <balance>20000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Putnam</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
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      <invstOrSec>
        <name>University of Nebraska Facilities Corp. (The)</name>
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          <isin value="US914639KH18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Clackamas County School District No. 12 North Clackamas</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Sumner</name>
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          <isin value="US866407M713"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Honolulu</name>
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          <isin value="US438687ND36"/>
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        <balance>35000.00000000</balance>
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        <valUSD>36343.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
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        <balance>640000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Chippewa Valley Schools</name>
        <lei>N/A</lei>
        <title>Chippewa Valley Schools, Series 2025</title>
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        <balance>95000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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        <name>City of Manchester</name>
        <lei>N/A</lei>
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          <isin value="US562358CL34"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
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        <balance>685000.00000000</balance>
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        <invCountry>US</invCountry>
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        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151F3J75"/>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>
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        <name>County of Prince George's</name>
        <lei>549300NSQ1W50I0VU811</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of North Carolina</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Arizona State University</name>
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        <name>State of California</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Katy Independent School District</name>
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          <maturityDt>2031-02-15</maturityDt>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
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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>California Statewide Communities Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County School District</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>County of Prince George's</name>
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        <name>Coast Community College District</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>State of Oregon</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Transportation Authority Dedicated Tax Fund</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Massachusetts</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <name>Ysleta Independent School District</name>
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        <name>State of Ohio</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Pflugerville Independent School District</name>
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        <name>San Juan Unified School District</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>City of Los Angeles</name>
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      <invstOrSec>
        <name>Texas Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
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          <isin value="US88283LHA70"/>
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        <balance>95000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
        <title>Alabama Federal Aid Highway Finance Authority, Series A</title>
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        <lei>N/A</lei>
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          <isin value="US047870QZ66"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Portland</name>
        <lei>N/A</lei>
        <title>City of Portland, Series 2021</title>
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          <isin value="US736560SX28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Port of Seattle</name>
        <lei>549300T9UCDUJ3GZL429</lei>
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          <isin value="US735371PS94"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dallas Area Rapid Transit</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
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          <isin value="US235241TB23"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225939.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana University</name>
        <lei>B4CW783SY7V2XEFJSQ64</lei>
        <title>Indiana University, Series 2020A</title>
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          <isin value="US455168FH26"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164603.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Seattle</name>
        <lei>N/A</lei>
        <title>City of Seattle Water System, Series 2025</title>
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        <identifiers>
          <isin value="US812728ZM87"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21204.44000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Columbus</name>
        <lei>254900NS3ODS0FZ3AM48</lei>
        <title>City of Columbus, Series 2018A</title>
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          <isin value="US199492WB14"/>
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        <balance>495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>529416.26000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Cleveland</name>
        <lei>N/A</lei>
        <title>City of Cleveland, Series 2018A</title>
        <cusip>186387UQ7</cusip>
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          <isin value="US186387UQ71"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47550.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida, Series 2019A</title>
        <cusip>3411506A3</cusip>
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          <isin value="US3411506A35"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79815.32000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2018C</title>
        <cusip>64966MSX8</cusip>
        <identifiers>
          <isin value="US64966MSX82"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>367807.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California</title>
        <cusip>13063D5L8</cusip>
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          <isin value="US13063D5L81"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161155.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water &amp; Power Water System, Series 2023A</title>
        <cusip>544525R26</cusip>
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          <isin value="US544525R265"/>
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        <balance>290000.00000000</balance>
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        <valUSD>308560.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>County of Hawaii</name>
        <lei>N/A</lei>
        <title>County of Hawaii, Series A</title>
        <cusip>419722L50</cusip>
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          <isin value="US419722L503"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>405909.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
        <title>New York State Environmental Facilities Corp., Series 2021A</title>
        <cusip>64986DKX2</cusip>
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          <isin value="US64986DKX20"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90706.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, Series 2019A</title>
        <cusip>54641CAJ4</cusip>
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          <isin value="US54641CAJ45"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>288075.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>Maine Municipal Bond Bank, Series 2019 A</title>
        <cusip>56045RH93</cusip>
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          <isin value="US56045RH932"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32183.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northside Independent School District</name>
        <lei>N/A</lei>
        <title>Northside Independent School District, Series 2025</title>
        <cusip>66702RP22</cusip>
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          <isin value="US66702RP228"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69378.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</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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        <name>Indiana Municipal Power Agency</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Frisco Independent School District</name>
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        <name>Sports &amp; Exhibition Authority of Pittsburgh &amp; Allegheny County</name>
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        <name>State of North Carolina</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles Unified School District</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Series 2020A</title>
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          <isin value="US544647CJ78"/>
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        <valUSD>96683.89000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Minneapolis</name>
        <lei>54930069TEI1INHRHS55</lei>
        <title>City of Minneapolis, Series 2019</title>
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          <isin value="US60375BGV27"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75254.96000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Richardson Independent School District</name>
        <lei>N/A</lei>
        <title>Richardson Independent School District, Series 2019</title>
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          <isin value="US7632613H50"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21103.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest, Series 2017A</title>
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          <isin value="US29270CU521"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>804899.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <isin value="US60412APE72"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128023.72000000</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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fort Mill School District No. 4</name>
        <lei>5493003IDG5PRDEDK149</lei>
        <title>Fort Mill School District No. 4, Series 2017E</title>
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          <isin value="US986525WP43"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31624.81000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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>734262GD4</cusip>
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          <isin value="US734262GD48"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21373.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California</title>
        <cusip>13063CV64</cusip>
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          <isin value="US13063CV641"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61014.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge &amp; Tunnel Authority, Series 2023B</title>
        <cusip>89602HFS1</cusip>
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          <isin value="US89602HFS13"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>701415.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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 D</title>
        <cusip>167593WE8</cusip>
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          <isin value="US167593WE81"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292530.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>State of Alaska</name>
        <lei>N/A</lei>
        <title>State of Alaska, Series 2025A</title>
        <cusip>0117706D1</cusip>
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          <isin value="US0117706D10"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26658.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Garland Water &amp; Sewer System</name>
        <lei>N/A</lei>
        <title>City of Garland, Series 2019A</title>
        <cusip>366168PJ5</cusip>
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          <isin value="US366168PJ54"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78855.28000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Mesa</name>
        <lei>N/A</lei>
        <title>City of Mesa Utility System, Series 2018</title>
        <cusip>590545C64</cusip>
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          <isin value="US590545C649"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218348.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series A-2</title>
        <cusip>709224MY2</cusip>
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          <isin value="US709224MY28"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1513001.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc., Series 2020A</title>
        <cusip>02765UQD9</cusip>
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          <isin value="US02765UQD99"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Denton</name>
        <lei>549300UWEY8IKYK09T27</lei>
        <title>City of Denton, Series 2023</title>
        <cusip>248867FQ1</cusip>
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          <isin value="US248867FQ10"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>King County School District No. 411 Issaquah</name>
        <lei>N/A</lei>
        <title>King County School District No. 411 Issaquah, Series 2018</title>
        <cusip>4952244G9</cusip>
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          <isin value="US4952244G95"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>73420.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>University of Massachusetts Building Authority</name>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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        <name>State of Washington</name>
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        <name>University of Arkansas</name>
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        <name>City &amp; County of Honolulu</name>
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        <name>Vermont Municipal Bond Bank</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>University of Utah (The)</name>
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        <name>Horry County School District</name>
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        <name>Austin Independent School District</name>
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        <name>New Mexico Finance Authority</name>
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        <name>City of Los Angeles</name>
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        <name>Clark County School District</name>
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        <name>El Camino Community College District Fountation (The)</name>
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        <name>County of Clark NV</name>
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        <name>Purdue University</name>
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        <name>Illinois Finance Authority</name>
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        <name>Regional Transportation District Sales Tax</name>
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        <name>North Dakota Building Authority</name>
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        <name>Birdville Independent School District</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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      <invstOrSec>
        <name>City of Springfield Electric</name>
        <lei>N/A</lei>
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        <balance>535000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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      <invstOrSec>
        <name>South Carolina Transportation Infrastructure Bank</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Kansas Department of Transportation</name>
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          <isin value="US485424SF38"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Austin Community College District</name>
        <lei>N/A</lei>
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          <isin value="US052403HR63"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
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          <isin value="US882762FC67"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>County of Collin</name>
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        <balance>30000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Wake</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>El Camino Healthcare District</name>
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        <balance>495000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
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        <balance>100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Denton</name>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Central Florida Expressway Authority</name>
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          <isin value="US153476BH85"/>
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        <balance>600000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Diego Public Facilities Financing Authority</name>
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          <isin value="US79730CGT53"/>
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        <balance>50000.00000000</balance>
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        <name>City of Baltimore</name>
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        <balance>90000.00000000</balance>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>City of Portland</name>
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        <name>City of Waco</name>
        <lei>N/A</lei>
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          <maturityDt>2028-02-01</maturityDt>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
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        <balance>345000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-10-15</maturityDt>
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        <name>State of Washington</name>
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      <invstOrSec>
        <name>Maricopa County Unified School District No. 48 Scottsdale</name>
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        <name>Lansing Board of Water &amp; Light</name>
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        <name>Frisco Independent School District</name>
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        <name>State of Delaware</name>
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        <name>State of Washington</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>State of Louisiana</name>
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        <name>Plano Independent School District</name>
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        <name>County of Prince George's</name>
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          <maturityDt>2028-07-15</maturityDt>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Tennessee Housing Development Agency</name>
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        <name>Los Angeles Unified School District</name>
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        <name>Scott County School District Finance Corp.</name>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>University of Michigan</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>Virginia Public School Authority</name>
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        <name>County of King</name>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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      <invstOrSec>
        <name>Canyons School District Local Building Authority</name>
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        <name>Spokane County School District No. 356 Central Valley</name>
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        <name>Metropolitan Atlanta Rapid Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>County of Wake</name>
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        <name>Municipality of Anchorage</name>
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        <name>City of Des Moines</name>
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        <name>State of Connecticut</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>King &amp; Snohomish Counties School District No. 417 Northshore</name>
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        <name>State of Florida Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oklahoma Capitol Improvement Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northside Independent School District</name>
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        <name>Clovis Unified School District</name>
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        <name>State of Ohio</name>
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        <name>State of Washington</name>
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        <name>University of Hawaii</name>
        <lei>N/A</lei>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Hillsboro School District No. 1J</name>
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        <name>Virginia Public School Authority</name>
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        <name>State of Ohio</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>California State Public Works Board</name>
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        <name>Las Vegas Valley Water District</name>
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        <name>Indiana Finance Authority</name>
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        <name>Comal Independent School District</name>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vermont Municipal Bond Bank</name>
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      <invstOrSec>
        <name>University of Connecticut</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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      <invstOrSec>
        <name>State of North Carolina</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas A&amp;M University</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Washington Suburban Sanitary Commission</name>
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        <name>City of San Antonio</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>Fort Bend Independent School District</name>
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        <name>County of Clark Department of Aviation</name>
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        <name>Leander Independent School District</name>
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        <name>County of Miami-Dade</name>
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        <name>Maine Municipal Bond Bank</name>
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        <name>Austin Community College District</name>
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        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</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>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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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 2019A</title>
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        <name>Virginia Commonwealth University</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>County of Harris Toll Road</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>City of Columbus</name>
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        <name>City of Houston</name>
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        <name>Maine Municipal Bond Bank</name>
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        <name>University of Utah (The)</name>
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        <name>State of Michigan Trunk Line</name>
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        <name>Erie City Water Authority</name>
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        <name>Karegnondi Water Authority</name>
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        <name>Texas State University System</name>
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        <name>Birdville Independent School District</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>City of Atlanta Department of Aviation</name>
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        <name>City of Garland</name>
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        <name>City of Salt Lake City</name>
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        <name>City of Garland</name>
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        <name>State of South Carolina</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Round Rock Independent School District</name>
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        <name>Lone Star College System</name>
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        <name>State of Utah</name>
        <lei>254900RWV9NSVUZONC07</lei>
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        <name>County of Polk</name>
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        <name>City of Austin Electric Utility Revenue</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Hawaii</name>
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        <name>State of Nevada Highway Improvement</name>
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        <name>State of Wisconsin</name>
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      <invstOrSec>
        <name>Florida Department of Management Services</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York</name>
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      <invstOrSec>
        <name>University of Michigan</name>
        <lei>N/A</lei>
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          <isin value="US914455RR36"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Connecticut</name>
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          <isin value="US20772KYY99"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Westminster Water &amp; Wastewater Utility</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Maine</name>
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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 Building Aid</name>
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          <isin value="US64972HT859"/>
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        <balance>2310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2458363.22000000</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>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Nevada Highway Improvement</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>County of Charleston</name>
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        <balance>290000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Baltimore</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>State of Oregon</name>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
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        <name>Maine Municipal Bond Bank</name>
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        <name>City of Tacoma</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>Dallas Independent School District</name>
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        <balance>275000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-02-15</maturityDt>
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      <invstOrSec>
        <name>State of Connecticut Clean Water Fund - State Revolving Fund</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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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>Austin Independent School District</name>
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        <name>Ohlone Community College District</name>
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        <name>Collin County Community College District</name>
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        <name>City of Greenville</name>
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        <name>California State Public Works Board</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Barbers Hill Independent School District</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>County of Howard</name>
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        <name>Clark County School District No. 37 Vancouver</name>
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        <name>University of Connecticut</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>City of Chicago Waterworks Revenue</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Texas Water Development Board</name>
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        <name>Alamo Community College District</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>County of Williamson</name>
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        <name>District of Columbia</name>
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        <name>New York State Environmental Facilities Corp.</name>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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        <name>State of Washington</name>
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        <name>Clark County School District</name>
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      <invstOrSec>
        <name>Grand Traverse County Hospital Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Boulder Valley School District No. Re-2 Boulder</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>Kentucky Infrastructure Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Cleveland</name>
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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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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Public School Authority</name>
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        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <invCountry>US</invCountry>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <invCountry>US</invCountry>
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        <name>Alvin Independent School District</name>
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      <invstOrSec>
        <name>City of Houston</name>
        <lei>N/A</lei>
        <title>City of Houston Airport System, Series 2020B</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>State of Washington</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Spring Independent School District</name>
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        <name>Metropolitan Council</name>
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        <name>County of Dallas</name>
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        <name>County of Howard</name>
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        <name>Fort Bend Independent School District</name>
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        <name>Grand Parkway Transportation Corp.</name>
        <lei>N/A</lei>
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          <isin value="US38611TDR59"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Georgia Ports Authority</name>
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      <invstOrSec>
        <name>King County School District No. 405 Bellevue</name>
        <lei>N/A</lei>
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          <isin value="US495098YV18"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Ohio</name>
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          <isin value="US67759HHY36"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
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          <isin value="US576051RB47"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26032.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tyler Independent School District</name>
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          <isin value="US902273YW50"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Illinois</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</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 2023QRR</title>
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          <isin value="US544647GK06"/>
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        <balance>285000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Colorado</name>
        <lei>N/A</lei>
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          <isin value="US19668QKD69"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26378.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tarrant Regional Water District Water Supply System</name>
        <lei>N/A</lei>
        <title>Tarrant Regional Water District Water Supply System, Series 2020C</title>
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          <isin value="US876443TW25"/>
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        <balance>50000.00000000</balance>
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        <valUSD>52768.49000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Housing Finance Agency</name>
        <lei>5493000LS7KCDB02O506</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Commonwealth of Pennsylvania</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Spring Branch Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US849476SC19"/>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>County of Dallas</name>
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        <name>County of Prince George's</name>
        <lei>549300NSQ1W50I0VU811</lei>
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          <maturityDt>2030-07-15</maturityDt>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
        <lei>N/A</lei>
        <title>District of Columbia Income Tax, Series 2019C</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>Kentucky Infrastructure Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>University of Connecticut</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>County of King</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax</name>
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          <isin value="US41422EFS72"/>
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        <valUSD>76442.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Utah</name>
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          <isin value="US91739RCS40"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
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          <isin value="US13063DBT46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990AJV89"/>
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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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          <annualizedRt>5.00000000</annualizedRt>
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        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US65000B5X23"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Omaha Public Power District</name>
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        <name>County of Collin</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FMM31"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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        <balance>125000.00000000</balance>
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        <name>King County School District No. 414 Lake Washington</name>
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        <name>Texas Water Development Board</name>
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          <isin value="US882854P487"/>
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          <maturityDt>2031-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64577B5N07"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Community College District</name>
        <lei>N/A</lei>
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          <isin value="US54438CVH23"/>
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        <balance>35000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Dakota Public Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US65887PUF07"/>
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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>City of Cleveland</name>
        <lei>549300IQSLQPCVVMKJ96</lei>
        <title>City of Cleveland, Series 2023A</title>
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          <isin value="US1863434B27"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53575.31000000</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>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Dallas Housing Finance Corp.</name>
        <lei>N/A</lei>
        <title>City of Dallas Housing Finance Corp., Series 2025B</title>
        <cusip>235298CB0</cusip>
        <identifiers>
          <isin value="US235298CB08"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203212.64000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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          <isin value="US73358WW598"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>197812.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority, Series 2019C</title>
        <cusip>92818HPE5</cusip>
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          <isin value="US92818HPE52"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42622.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Wisconsin</name>
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          <isin value="US97705MSL09"/>
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        <balance>145000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Prince George's</name>
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          <isin value="US74172RCB15"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>68947.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Housing Finance Agency</name>
        <lei>549300NLJBK1VP6K2K81</lei>
        <title>Massachusetts Housing Finance Agency, Series 2023C2</title>
        <cusip>57586VBF9</cusip>
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          <isin value="US57586VBF94"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>509993.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.05000000</annualizedRt>
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      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
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        <cusip>88278PZW7</cusip>
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          <isin value="US88278PZW75"/>
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        <balance>20000.00000000</balance>
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        <valUSD>21090.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of New Hanover</name>
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          <isin value="US6448007B45"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County Public Utility District No. 1 Generating System</name>
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        <invCountry>US</invCountry>
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        <name>City of Charleston</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>City of San Antonio</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Charlotte Water &amp; Sewer System</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</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>Utah Associated Municipal Power Systems</name>
        <lei>N/A</lei>
        <title>Utah Associated Municipal Power Systems, Series 2017A</title>
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          <isin value="US917328RS74"/>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>State of Illinois</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Frisco Independent School District</name>
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      <invstOrSec>
        <name>State of Louisiana Gasoline &amp; Fuels Tax</name>
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        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Florida Department of Management Services</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of San Antonio</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Regional Transportation Authority</name>
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        <name>City &amp; County Honolulu Wastewater System</name>
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        <name>Omaha Public Power District</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>State of New Mexico</name>
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        <name>University of Alabama at Birmingham</name>
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        <name>State of Ohio</name>
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        <name>State of Colorado</name>
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        <name>Lamar Consolidated Independent School District</name>
        <lei>N/A</lei>
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        <valUSD>42207.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>School District of Broward County</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052FDU66"/>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US64990AHL26"/>
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        <balance>550000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-15</maturityDt>
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        <name>State of Louisiana</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
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        <balance>60000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
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        <name>County of Hennepin</name>
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        <name>State of North Carolina</name>
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        <name>City of Houston Combined Utility System</name>
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          <maturityDt>2030-11-15</maturityDt>
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        <name>Metropolitan Transportation Authority</name>
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        <invCountry>US</invCountry>
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        <name>Virginia Resources Authority</name>
        <lei>N/A</lei>
        <title>Virginia Resources Authority, Series 2017C</title>
        <cusip>92818MRQ5</cusip>
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          <isin value="US92818MRQ59"/>
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        <valUSD>20953.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority, Series 2016A</title>
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          <isin value="US92778WNB80"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96348.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of Colorado</name>
        <lei>549300HU7D08HY4MKX37</lei>
        <title>University of Colorado, Series 2017A-2</title>
        <cusip>91417NJM8</cusip>
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          <isin value="US91417NJM83"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255094.87000000</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>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
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          <isin value="US153476HC35"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21249.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Laredo Independent School District</name>
        <lei>N/A</lei>
        <title>Laredo Independent School District, Series 2018</title>
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          <isin value="US516840YG45"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
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          <isin value="US842471AW49"/>
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        <curCd>USD</curCd>
        <valUSD>142297.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest, Series 2024B</title>
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          <isin value="US29270C6D28"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>383268.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia Water &amp; Sewer Authority</name>
        <lei>549300OT2FIJQJ5PSH71</lei>
        <title>District of Columbia Water &amp; Sewer Authority, Series B</title>
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          <isin value="US254845NK29"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41263.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Baltimore</name>
        <lei>N/A</lei>
        <title>City of Baltimore, Series 2019A</title>
        <cusip>059189WZ9</cusip>
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          <isin value="US059189WZ93"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117941.44000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Clark</name>
        <lei>549300LDD8NZB2EOVG83</lei>
        <title>County of Clark, Series 2019A</title>
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          <isin value="US180848H220"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>123658.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Aldine Independent School District</name>
        <lei>N/A</lei>
        <title>Aldine Independent School District, Series 2024B</title>
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          <isin value="US014393A851"/>
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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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      <invstOrSec>
        <name>Fort Bend Independent School District</name>
        <lei>N/A</lei>
        <title>Fort Bend Independent School District, Series 2019C</title>
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          <isin value="US346843QJ74"/>
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        <balance>295000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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        <name>Pittsburgh Water &amp; Sewer Authority</name>
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          <isin value="US725304QN26"/>
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        <balance>20000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Alpine School District</name>
        <lei>N/A</lei>
        <title>Alpine School District, Series 2019B</title>
        <cusip>021087XM8</cusip>
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          <isin value="US021087XM82"/>
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        <balance>60000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2018B</title>
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          <isin value="US57582RSA58"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>516043.79000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax</name>
        <lei>N/A</lei>
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        <cusip>41422EJB0</cusip>
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          <isin value="US41422EJB02"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450040.46000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</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 2018M-1</title>
        <cusip>5446467M8</cusip>
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          <isin value="US5446467M81"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>137689.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Alabama (The)</name>
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        <name>Oklahoma Municipal Power Authority</name>
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        <name>Delaware River Joint Toll Bridge Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Forsyth County School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Regional Transportation District</name>
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        <name>County of Loudoun</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>California State Public Works Board</name>
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        <name>State of West Virginia</name>
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        <name>New Mexico Finance Authority</name>
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      <invstOrSec>
        <name>City of Huntsville</name>
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      <invstOrSec>
        <name>County of Shelby</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Franklin</name>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Clark</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port of Seattle</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Denton</name>
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        <name>State of North Carolina</name>
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        <name>State of New Jersey</name>
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        <name>King County School District No. 411 Issaquah</name>
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        <name>Allegheny County Hospital Development Authority</name>
        <lei>54930046B973R604OG22</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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        <name>State of California Department of Water Resources</name>
        <lei>549300X618YEC5LGBQ98</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BlackRock Liquidity Funds</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>State of Tennessee</name>
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        <name>City of Garland Electric Utility System Revenue</name>
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        <name>County of Fort Bend</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>University of Cincinnati</name>
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          <isin value="US914119G973"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago</name>
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          <isin value="US167486Z442"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Mateo County Community College District</name>
        <lei>N/A</lei>
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        <balance>95000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oregon State Bond Bank</name>
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          <isin value="US68607KM559"/>
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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>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Killeen Independent School District</name>
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          <isin value="US494152UQ23"/>
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        <balance>25000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Greensboro</name>
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          <isin value="US3954604T26"/>
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        <balance>425000.00000000</balance>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <balance>525000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>County of Spokane</name>
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        <name>City of Austin</name>
        <lei>IW10PQVTU7HKS3JMW253</lei>
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        <name>City of Omaha</name>
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          <maturityDt>2028-04-01</maturityDt>
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        <name>State of Arizona Lottery</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
        <lei>N/A</lei>
        <title>Ohio Turnpike &amp; Infrastructure Commission, Series 2018A</title>
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          <isin value="US67760HLL32"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>Ohio State University (The)</name>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Series 2016A</title>
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          <isin value="US64990AUM51"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45741.77000000</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>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series R-2017A</title>
        <cusip>93974DXA1</cusip>
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          <isin value="US93974DXA17"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152039.81000000</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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          <isin value="US25476FSS82"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163454.88000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series B</title>
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          <isin value="US57582NXN01"/>
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        <balance>440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>473115.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trinity River Authority</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Series 2023</title>
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          <isin value="US89657PNS82"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21026.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Everett</name>
        <lei>N/A</lei>
        <title>City of Everett, Series 2016</title>
        <cusip>300060PG9</cusip>
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          <isin value="US300060PG97"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413478.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northside Independent School District</name>
        <lei>N/A</lei>
        <title>Northside Independent School District, Series 2020</title>
        <cusip>66702RYH9</cusip>
        <identifiers>
          <isin value="US66702RYH91"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165283.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Cuyahoga</name>
        <lei>549300GHDK9DGLUNJU89</lei>
        <title>County of Cuyahoga, Series 2019A</title>
        <cusip>23223PEW3</cusip>
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          <isin value="US23223PEW32"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119335.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Series 2023B</title>
        <cusip>882724P92</cusip>
        <identifiers>
          <isin value="US882724P920"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26025.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Dallas Area Rapid Transit</name>
        <lei>75YWM81F2R6UQGJIEW47</lei>
        <title>Dallas Area Rapid Transit, Series 2020A</title>
        <cusip>235241UJ3</cusip>
        <identifiers>
          <isin value="US235241UJ30"/>
          <other otherDesc="Inhouse Asset ID" value="235241UJ3"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236699.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Baltimore</name>
        <lei>N/A</lei>
        <title>City of Baltimore, Series 2017A</title>
        <cusip>059189UU2</cusip>
        <identifiers>
          <isin value="US059189UU25"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31286.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Howard</name>
        <lei>N/A</lei>
        <title>County of Howard, Series 2019A</title>
        <cusip>44256PTT0</cusip>
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          <isin value="US44256PTT02"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320681.43000000</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>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WE93</cusip>
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          <isin value="US66285WE939"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131151.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series F</title>
        <cusip>167593XJ6</cusip>
        <identifiers>
          <isin value="US167593XJ69"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25660.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>University of Utah (The)</name>
        <lei>N/A</lei>
        <title>University of Utah (The), Series 2019A</title>
        <cusip>915183K71</cusip>
        <identifiers>
          <isin value="US915183K715"/>
          <other otherDesc="Inhouse Asset ID" value="915183K71"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53254.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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 2018D</title>
        <cusip>5444955R1</cusip>
        <identifiers>
          <isin value="US5444955R15"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>249834.52000000</valUSD>
        <pctVal>0.040636138625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
        <title>State of Oregon, Series 2019N</title>
        <cusip>68609TQN1</cusip>
        <identifiers>
          <isin value="US68609TQN18"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164474.78000000</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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>West Chester Area School District</name>
        <lei>N/A</lei>
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          <isin value="US9520306F67"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
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          <isin value="US64972GZJ65"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
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          <isin value="US696550L916"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Harris</name>
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          <isin value="US4140054H87"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
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          <isin value="US89602RCK95"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21221.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Klein Independent School District</name>
        <lei>N/A</lei>
        <title>Klein Independent School District, Series 2025</title>
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          <isin value="US498531UT72"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106634.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Series 2018B</title>
        <cusip>60412APY3</cusip>
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          <isin value="US60412APY37"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85424.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Municipal Improvement Corp. of Los Angeles</name>
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        <cusip>544587G69</cusip>
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          <isin value="US544587G698"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96829.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
        <lei>N/A</lei>
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        <balance>375000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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      <invstOrSec>
        <name>Salem-Keizer School District No. 24J</name>
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        <balance>20000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>King County School District No. 415 Kent</name>
        <lei>N/A</lei>
        <title>King County School District No. 415 Kent, Series 2018</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2020B</title>
        <cusip>246381QG5</cusip>
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          <isin value="US246381QG51"/>
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        <balance>135000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Cook</name>
        <lei>N/A</lei>
        <title>County of Cook, Series 2021A</title>
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        <balance>60000.00000000</balance>
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        <valUSD>64106.87000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Dakota Conservancy District</name>
        <lei>N/A</lei>
        <title>South Dakota Conservancy District, Series 2018</title>
        <cusip>837545MV1</cusip>
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          <isin value="US837545MV14"/>
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        <balance>25000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tarrant Regional Water District Water Supply System</name>
        <lei>N/A</lei>
        <title>Tarrant Regional Water District Water Supply System, Series 2024</title>
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          <isin value="US876443VJ85"/>
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        <balance>40000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Series 2023A-1</title>
        <cusip>64966QE89</cusip>
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          <isin value="US64966QE896"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>Klein Independent School District</name>
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        <name>Dallas Independent School District</name>
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        <name>California State Public Works Board</name>
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        <name>Alabama Highway Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>School Board of Miami-Dade County (The)</name>
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      <invstOrSec>
        <name>District of Columbia Income Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Augusta Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>North Texas Municipal Water District</name>
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        <name>Pierce County School District No. 3 Puyallup</name>
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        <name>State of Florida Lottery</name>
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        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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        <name>Dallas Independent School District</name>
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        <name>Fort Bend County Municipal Utility District No. 58</name>
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        <name>Lower Colorado River Authority</name>
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        <name>Denver City &amp; County School District No. 1</name>
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        <name>New Jersey Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Harris Toll Road</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Wisconsin Environmental Improvement Fund</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>State of Delaware</name>
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        <name>Fort Bend Independent School District</name>
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        <name>North Texas Municipal Water District Water System Revenue</name>
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        <name>North Carolina State University at Raleigh</name>
        <lei>N/A</lei>
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          <maturityDt>2028-10-01</maturityDt>
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        <name>Washoe County School District</name>
        <lei>N/A</lei>
        <title>Washoe County School District, Series 2021</title>
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        <balance>135000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Oregon Department of Transportation</name>
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        <name>Auburn University</name>
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        <name>Port of Seattle WA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Clark</name>
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        <name>County of Miami-Dade</name>
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      <invstOrSec>
        <name>Oklahoma Municipal Power Authority</name>
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        <name>Fort Mill School District No. 4</name>
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        <name>State of Washington</name>
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        <name>Fort Worth Independent School District</name>
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        <name>Central Valley Water Reclamation Facility</name>
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        <name>City of Houston Combined Utility System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
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        <name>State of Hawaii</name>
        <lei>N/A</lei>
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        <name>City of New York</name>
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      <invstOrSec>
        <name>Pflugerville Independent School District</name>
        <lei>N/A</lei>
        <title>Pflugerville Independent School District, Series 2019A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of California Department of Water Resources</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Colorado River Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Houston</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Hillsborough County School Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>New Mexico Finance Authority</name>
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        <name>Oklahoma Water Resources Board</name>
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        <name>City &amp; County of Honolulu</name>
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        <name>District of Columbia</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>Virginia Public School Authority</name>
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        <name>Clark County Water Reclamation District</name>
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        <name>Northside Independent School District</name>
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        <name>Iowa Finance Authority</name>
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        <name>State of Washington</name>
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        <name>Metropolitan Atlanta Rapid Transit Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Pennsylvania</name>
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        <name>County of Montgomery</name>
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        <name>Washington Suburban Sanitary Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System</name>
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          <isin value="US544525XX15"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Idaho Housing &amp; Finance Association</name>
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          <isin value="US45130ABB08"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Suburban Sanitary Commission</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>East Side Union High School District</name>
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        <name>Pennsylvania Turnpike Commission Registration Fee</name>
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        <name>Fort Bend Independent School District</name>
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        <name>Portland Community College District</name>
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        <name>State of Washington</name>
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        <name>University of Oklahoma (The)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Leander Independent School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>State of West Virginia</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Hawaii</name>
        <lei>N/A</lei>
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          <isin value="US419722U272"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Municipal Power Agency</name>
        <lei>549300M3I10QJUPNU131</lei>
        <title>Florida Municipal Power Agency, Series 2019A</title>
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          <isin value="US342816Q819"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Franklin</name>
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          <isin value="US353187DE41"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Cleveland</name>
        <lei>N/A</lei>
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          <isin value="US186387UA20"/>
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        <balance>65000.00000000</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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      <invstOrSec>
        <name>Northside Independent School District</name>
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          <isin value="US66702RXL13"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36848.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Waco</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Board of Regents</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, Series 2021</title>
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          <isin value="US54641CAU99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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        <balance>565000.00000000</balance>
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        <name>Lake County School District No. 112 North Shore</name>
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          <isin value="US509076BU85"/>
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        <balance>90000.00000000</balance>
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          <maturityDt>2028-06-01</maturityDt>
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        <name>State of New Mexico</name>
        <lei>549300H4YLM23QKOGK29</lei>
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        <balance>515000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Santa Clarita Community College District</name>
        <lei>N/A</lei>
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          <isin value="US801686HF65"/>
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        <balance>40000.00000000</balance>
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        <valUSD>37687.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
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        <name>County of Howard</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>State of Nevada</name>
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        <name>Texas A&amp;M University</name>
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          <isin value="US88213ATG03"/>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>City of Memphis Electric System</name>
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        <name>Denton Independent School District</name>
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        <name>Oklahoma Capitol Improvement Authority</name>
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        <name>Metropolitan Council</name>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <invCountry>US</invCountry>
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        <name>Sales Tax Securitization Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Omaha Public Power District</name>
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        <name>King County School District No. 405 Bellevue</name>
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        <name>Michigan Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Florida Department of Environmental Protection</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>King County School District No. 414 Lake Washington</name>
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        <name>Massachusetts Water Resources Authority</name>
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        <name>Washington State University</name>
        <lei>N/A</lei>
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        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
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        <name>City of Austin Water &amp; Wastewater System Revenue</name>
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        <name>State of California Department of Water Resources</name>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida</name>
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          <isin value="US34153QXW13"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mecklenburg County Public Facilities Corp.</name>
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          <isin value="US58401ABS87"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
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          <isin value="US56045R5Z80"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42911.14000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
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          <isin value="US65829QDZ46"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413751.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire State Turnpike System</name>
        <lei>N/A</lei>
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          <isin value="US644693ND15"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160916.76000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
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          <isin value="US64711PNF35"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100997.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System</name>
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        <title>State of Florida Department of Transportation Turnpike System, Series 2022A</title>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223675.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida Lottery</name>
        <lei>N/A</lei>
        <title>State of Florida Lottery, Series 2019A</title>
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          <isin value="US341507T439"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>265612.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maryland State Transportation Authority</name>
        <lei>254900MKNK0MO0Z4X426</lei>
        <title>Maryland State Transportation Authority, Series 2017</title>
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          <isin value="US574300LA55"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41501.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Rhode Island</name>
        <lei>N/A</lei>
        <title>State of Rhode Island, Series 2017A</title>
        <cusip>76222RVD1</cusip>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30993.83000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Hamilton</name>
        <lei>N/A</lei>
        <title>County of Hamilton, Series 2018A</title>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>301900.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <title>Maryland Health &amp; Higher Educational Facilities Authority, Series 2025A</title>
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          <isin value="US57421CHD92"/>
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        <balance>250000.00000000</balance>
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        <valUSD>264343.45000000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Riverside</name>
        <lei>N/A</lei>
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          <isin value="US769047JK85"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
        <title>Long Island Power Authority, Series 1998A</title>
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          <isin value="US542690CN07"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>156241.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax, Series 2022A</title>
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        <balance>150000.00000000</balance>
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        <valUSD>159607.76000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Beverly Hills Unified School District</name>
        <lei>N/A</lei>
        <title>Beverly Hills Unified School District, Series 2009</title>
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        <name>State of Tennessee</name>
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        <name>University System of Maryland</name>
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        <name>Northside Independent School District</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>University of Alabama at Birmingham</name>
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        <name>Wisconsin Department of Transportation</name>
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        <name>San Francisco Bay Area Rapid Transit District Sales Tax</name>
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        <name>Nevada System of Higher Education</name>
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        <name>Texas Water Development Board</name>
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        <name>City of New York</name>
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        <name>Snohomish County Public Utility District No. 1 Electric System</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>Northampton County General Purpose Authority</name>
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        <name>Spokane County School District No. 81 Spokane</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>California State Public Works Board</name>
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        <name>County of Hawaii</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Houston Independent School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AQA87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
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          <isin value="US13034AJQ40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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          <isin value="US71883RQT31"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>447453.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Council</name>
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          <isin value="US591852E875"/>
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        <balance>320000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US93974DR838"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Insurance Assistance Interlocal Agency, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US34074EAE95"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US64990KCC53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys</name>
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        <name>County of Sumner</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Dallas Waterworks &amp; Sewer System</name>
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        <name>City of Des Moines</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity River Authority Denton Creek Wastewater Treatment System Revenue</name>
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        <name>County of Clark</name>
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        <name>State of Washington</name>
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        <name>E-470 Public Highway Authority</name>
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        <name>Hampton Roads Transportation Accountability Commission</name>
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        <name>Clark County School District No. 114 Evergreen</name>
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        <name>State of Washington</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Central Florida Expressway Authority</name>
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        <name>County of King</name>
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        <name>City of Lewisville</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <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>
      <invstOrSec>
        <name>Virginia Public School Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public School Authority, Series 2016</title>
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          <isin value="US92817TGH32"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>217954.79000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>San Antonio Water System</name>
        <lei>549300S7VENCVRZAA322</lei>
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        <cusip>79642GGF3</cusip>
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          <isin value="US79642GGF37"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>233492.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
        <title>California Infrastructure &amp; Economic Development Bank, Series 2017</title>
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          <isin value="US13034AUA68"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41998.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US343137FH30"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>218349.83000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Florida Expressway Authority</name>
        <lei>N/A</lei>
        <title>Central Florida Expressway Authority, Series 2019A</title>
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          <isin value="US153476ET96"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106245.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64985SCZ4</cusip>
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          <isin value="US64985SCZ48"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101953.21000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>549300WICSGUHKHF1T85</lei>
        <title>Commonwealth of Pennsylvania, Series 2022</title>
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          <isin value="US70914PX809"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>230118.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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        <cusip>64711PHT0</cusip>
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          <isin value="US64711PHT03"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31925.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tri-County Metropolitan Transportation District of Oregon</name>
        <lei>N/A</lei>
        <title>Tri-County Metropolitan Transportation District of Oregon, Series 2018A</title>
        <cusip>89546RPP3</cusip>
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          <isin value="US89546RPP37"/>
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        <balance>1390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1462624.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, Series 2020A</title>
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          <isin value="US54811BVK42"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21153.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Oregon</name>
        <lei>549300R5SUGZRD8KP359</lei>
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        <cusip>68609BSM0</cusip>
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          <isin value="US68609BSM09"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>181220.47000000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Coast Community College District</name>
        <lei>N/A</lei>
        <title>Coast Community College District, Series 2019F</title>
        <cusip>190335JM2</cusip>
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          <isin value="US190335JM26"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94667.59000000</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>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Delaware River Port Authority</name>
        <lei>549300OBM31KJO8JR048</lei>
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        <cusip>246352GR3</cusip>
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          <isin value="US246352GR30"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42093.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Katy Independent School District</name>
        <lei>254900H9QSKVP2HWVL72</lei>
        <title>Katy Independent School District, Series 2018</title>
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          <isin value="US486063XE51"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105360.40000000</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>2031-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Denton</name>
        <lei>549300UWEY8IKYK09T27</lei>
        <title>City of Denton, Series 2022</title>
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          <isin value="US248867DP54"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21054.41000000</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>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series 2016B</title>
        <cusip>57582RJV9</cusip>
        <identifiers>
          <isin value="US57582RJV96"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>485449.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Bexar TX</name>
        <lei>N/A</lei>
        <title>County of Bexar</title>
        <cusip>088281E71</cusip>
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          <isin value="US088281E711"/>
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        <name>City of Austin Water &amp; Wastewater System</name>
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      <invstOrSec>
        <name>Oklahoma Capitol Improvement Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Philadelphia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Montgomery</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Maryland</name>
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          <isin value="US574193UL02"/>
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        <name>North Carolina Municipal Power Agency No. 1</name>
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        <name>New Mexico Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45470RCW43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Allegheny County Hospital Development Authority</name>
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        <name>Boulder Valley School District No. Re-2 Boulder</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>King County School District No. 415 Kent</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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          <maturityDt>2031-07-15</maturityDt>
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        <name>State of Louisiana</name>
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          <isin value="US5464152D10"/>
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        <name>Los Angeles Unified School District</name>
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        <name>North Texas Municipal Water District Water System</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Napa Valley Community College District</name>
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        <name>Antelope Valley-East Kern Water Agency Financing Authority</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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      <invstOrSec>
        <name>Los Angeles Community College District</name>
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          <isin value="US54438CXC18"/>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Austin</name>
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        <name>North East Independent School District</name>
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        <name>Rockwall Independent School District</name>
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        <name>Fort Bend Independent School District</name>
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        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
        <title>Missouri Highway &amp; Transportation Commission, Series 2022A</title>
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          <isin value="US60636WTA35"/>
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        <name>City of Fort Worth</name>
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        <name>Temple Independent School District</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Maine Municipal Bond Bank</name>
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        <name>County of Frederick</name>
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        <name>State of Illinois</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>State of Minnesota</name>
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          <isin value="US60412APD99"/>
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        <name>Los Angeles Department of Water &amp; Power Water System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Clark County Public Utility District No. 1 Water</name>
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        <name>City of Austin</name>
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        <name>State of Wisconsin</name>
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        <name>Virginia College Building Authority</name>
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        <name>Birdville Independent School District</name>
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        <name>Commonwealth of Virginia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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      <invstOrSec>
        <name>County of Hennepin</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Rhode Island</name>
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        <name>State of Maryland Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
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          <isin value="US38611TBF30"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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          <isin value="US34115PBC86"/>
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        <valUSD>21312.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northside Independent School District</name>
        <lei>N/A</lei>
        <title>Northside Independent School District, Series 2019</title>
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          <isin value="US66702RVJ84"/>
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        <balance>250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Montgomery</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Provo</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Monmouth</name>
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          <isin value="US609561FQ38"/>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Energy Northwest</name>
        <lei>N/A</lei>
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          <isin value="US29270CQ735"/>
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        <balance>625000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>St Mary Hospital Authority</name>
        <lei>N/A</lei>
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          <isin value="US792222FL04"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US662903ZB29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Nebraska Public Power District</name>
        <lei>5493001J0BLQRMOJKP23</lei>
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          <isin value="US63968AY903"/>
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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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Plano</name>
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          <isin value="US727177C621"/>
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        <balance>40000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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          <isin value="US452252NU98"/>
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        <balance>265000.00000000</balance>
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        <valUSD>278846.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Delaware Transportation Authority</name>
        <lei>N/A</lei>
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          <isin value="US246419BN48"/>
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        <valUSD>533836.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>University of North Texas System</name>
        <lei>N/A</lei>
        <title>University of North Texas System, Series 2025A</title>
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          <isin value="US914729XD59"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System</name>
        <lei>N/A</lei>
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        <name>County of Harris</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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          <isin value="US64971XZ921"/>
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      <invstOrSec>
        <name>City of Houston Airport System Revenue</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
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          <isin value="US64972HF643"/>
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        <balance>80000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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        <name>City of Baltimore</name>
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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>2028-10-15</maturityDt>
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        <name>County of Pima</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sedgwick County Unified School District No. 266 Maize</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
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        <name>City of Houston</name>
        <lei>549300C64URYS0WQQY42</lei>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
        <lei>N/A</lei>
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        <name>University of Michigan</name>
        <lei>N/A</lei>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series 2024B</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Huntsville</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Clark</name>
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          <isin value="US180848ZL02"/>
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        <curCd>USD</curCd>
        <valUSD>238993.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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          <isin value="US71883MMM37"/>
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        <balance>585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>606582.46000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Dallas</name>
        <lei>N/A</lei>
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          <isin value="US23542JUW34"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439249.93000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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          <isin value="US64711RME35"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>63679.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
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          <isin value="US927793M630"/>
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        <curCd>USD</curCd>
        <valUSD>53049.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <isin value="US20775DYE65"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>531831.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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          <isin value="US97705MRF40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Clark</name>
        <lei>549300LDD8NZB2EOVG83</lei>
        <title>County of Clark, Series 2018B</title>
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          <isin value="US180848XU29"/>
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        <balance>55000.00000000</balance>
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        <valUSD>59141.04000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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          <isin value="US13068L2T13"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Water Development Authority</name>
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          <isin value="US67765QGQ38"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Colorado River Authority</name>
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          <isin value="US54811GG793"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-05-15</maturityDt>
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        <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>2029-09-01</maturityDt>
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        <name>Washoe County School District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-06-01</maturityDt>
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        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
        <title>Virginia Commonwealth Transportation Board</title>
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          <isin value="US927790HY43"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-03-15</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System</name>
        <lei>N/A</lei>
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          <isin value="US89658HVZ09"/>
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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>2029-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SCAGO Educational Facilities Corp. for Pickens School District</name>
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          <isin value="US80585TCR05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
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          <isin value="US677522VN10"/>
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        <curCd>USD</curCd>
        <valUSD>455070.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151FL406"/>
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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>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Scottsdale Municipal Property Corp.</name>
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          <isin value="US810489SM71"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25987.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
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        <balance>105000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
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      <invstOrSec>
        <name>City of Houston Combined Utility System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Atlanta Department of Aviation</name>
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        <name>Snohomish County School District No. 6 Mukilteo</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60637ANB43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New Orleans</name>
        <lei>54930084B6KHR5PR2651</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>State of Connecticut Special Tax</name>
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        <name>State of California</name>
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        <name>DeSoto Independent School District</name>
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        <name>Fairfax County Water Authority</name>
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        <name>Pasadena Independent School District</name>
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        <name>County of Miami-Dade</name>
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        <name>Arizona Board of Regents</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Miami Beach Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Miami Beach Redevelopment Agency, Series 2025</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Memphis</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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        <balance>365000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
        <name>Rhode Island Housing &amp; Mortgage Finance Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New York</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Empire State Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia Commonwealth Transportation Board</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-15</maturityDt>
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        <name>Hillsborough County School Board</name>
        <lei>549300E7JND1K3JLOI29</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Frisco Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Philadelphia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Barbers Hill Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Louisiana</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <name>Fort Bend Independent School District</name>
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          <maturityDt>2029-02-15</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Series 2021QQQ</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Los Angeles 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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          <maturityDt>2028-07-01</maturityDt>
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      <invstOrSec>
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      <invstOrSec>
        <name>Northside Independent School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Virginia Public School Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Washington Suburban Sanitary Commission</name>
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          <isin value="US9401575G14"/>
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        <balance>115000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2017C</title>
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          <isin value="US45506DJ552"/>
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        <balance>635000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US544532HL10"/>
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        <balance>1110000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Howard-Suamico School District</name>
        <lei>N/A</lei>
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        <balance>1250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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          <annualizedRt>1.50000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>State of California</name>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151426.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2021B</title>
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          <isin value="US45506EDP51"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131813.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Municipality of Anchorage</name>
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        <balance>45000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Northside Independent School District</name>
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          <isin value="US66702RVF62"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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      <invstOrSec>
        <name>Lake County School District No. 112 North Shore</name>
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          <isin value="US509076CW33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut Special Tax</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax, Series 2021D</title>
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          <isin value="US207758F992"/>
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        <balance>575000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westosha Central High School District</name>
        <lei>N/A</lei>
        <title>Westosha Central High School District, Series 2021</title>
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          <isin value="US961205EB33"/>
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        <balance>300000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <name>El Paso Independent School District</name>
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        <name>Round Rock Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Memphis</name>
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        <name>City of Dallas</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Madison</name>
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        <balance>245000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Washoe County School District</name>
        <lei>N/A</lei>
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          <isin value="US940859BC46"/>
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        <balance>40000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</name>
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          <isin value="US25476FUY23"/>
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        <balance>445000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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      <invstOrSec>
        <name>South Dakota Conservancy District</name>
        <lei>N/A</lei>
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          <isin value="US837545NK40"/>
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        <balance>130000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Las Vegas Valley Water District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of San Antonio</name>
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        <name>Northampton County General Purpose Authority</name>
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        <name>County of Cook</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
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        <name>New Jersey Economic Development Authority</name>
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      <invstOrSec>
        <name>Maricopa County Unified School District No. 69 Paradise Valley</name>
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        <invCountry>US</invCountry>
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        <name>School District of Broward County</name>
        <lei>5493006KVNQDJ1D0OD92</lei>
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        <name>University of Washington</name>
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        <name>City of Houston Combined Utility System</name>
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        <name>Dallas College</name>
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        <name>Volusia County School Board</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Water Works Board of the City of Birmingham (The)</name>
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        <name>Minnesota Public Facilities Authority State Revolving Fund</name>
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        <name>State of Washington</name>
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        <name>Spring Branch Independent School District</name>
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        <name>Virginia College Building Authority</name>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
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        <name>Omaha Public Power District</name>
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        <name>Indiana University</name>
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      <invstOrSec>
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        <name>State of California</name>
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      <invstOrSec>
        <name>City of Corpus Christi Utility System</name>
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      <invstOrSec>
        <name>Purdue University</name>
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        <name>Hillsborough County School Board</name>
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      <invstOrSec>
        <name>Georgetown Independent School District</name>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <name>State of Washington</name>
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        <name>City of Lubbock</name>
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        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <name>Kentucky State Property &amp; Building Commission</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>State of Mississippi Gaming Tax</name>
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        <name>School District of Broward County</name>
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        <name>Illinois Finance Authority</name>
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        <name>County of Collin</name>
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        <name>Maine Municipal Bond Bank</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Hope Higher Education Finance Corp.</name>
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        <name>State of North Carolina</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <name>County of Arlington</name>
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        <name>Massachusetts School Building Authority</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>State of Louisiana</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Delaware Transportation Authority</name>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Round Rock Independent School District</name>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Council</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Miami-Dade Water &amp; Sewer System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Texas Water Development Board</name>
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        <name>Chicago O'Hare International Airport</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Oklahoma Water Resources Board</name>
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        <name>State of Illinois</name>
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        <name>State of Florida Department of Transportation Turnpike System</name>
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        <name>State of Maryland Department of Transportation</name>
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        <name>State of Georgia</name>
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        <name>State of Florida</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>Louisville &amp; Jefferson County Metropolitan Sewer District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>West Virginia Commissioner of Highways</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Sedgwick County Unified School District No. 265 Goddard</name>
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        <name>California State University</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <name>Clark County School District</name>
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      <invstOrSec>
        <name>City of Salt Lake City</name>
        <lei>N/A</lei>
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          <isin value="US795576KL02"/>
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        <curCd>USD</curCd>
        <valUSD>63765.92000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northside Independent School District</name>
        <lei>N/A</lei>
        <title>Northside Independent School District, Series 2019B</title>
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          <isin value="US66702RXM95"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hudson Yards Infrastructure Corp.</name>
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          <isin value="US44420RBM16"/>
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        <curCd>USD</curCd>
        <valUSD>126924.12000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sacramento Municipal Utility District</name>
        <lei>E3GSVR6ZOU1MX2V7HF33</lei>
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          <isin value="US786005E792"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26971.63000000</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>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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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        <identifiers>
          <isin value="US679088MZ43"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53083.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Building Aid, Series 2019S-2A</title>
        <cusip>64972HT51</cusip>
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          <isin value="US64972HT511"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32032.35000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>City of Philadelphia Water &amp; Wastewater</name>
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          <isin value="US7178933D10"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Series 2022C</title>
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          <isin value="US13068XBZ15"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Collin</name>
        <lei>N/A</lei>
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          <isin value="US194740ST45"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105272.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Government of Nashville &amp; Davidson County</name>
        <lei>549300GW8FVQJ3DU6O10</lei>
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          <isin value="US592112RA67"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160884.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Board</name>
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        <balance>255000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>City of Danbury</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
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          <isin value="US544532GL29"/>
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        <invCountry>US</invCountry>
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        <name>Nebraska Public Power District</name>
        <lei>5493001J0BLQRMOJKP23</lei>
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          <isin value="US63968AY820"/>
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        <balance>25000.00000000</balance>
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        <valUSD>26265.87000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Clark County Public Utility District No. 1 Electric</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-01-01</maturityDt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>State of Maryland, Series 2021A</title>
        <cusip>574193TX6</cusip>
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        <balance>250000.00000000</balance>
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        <valUSD>264177.58000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, Series 2023A</title>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>84777.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Williamson</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
        <title>Dallas Fort Worth International Airport, Series 2020B</title>
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          <isin value="US2350365V80"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US6678253Q41"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orange County Convention Center</name>
        <lei>N/A</lei>
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          <isin value="US684545A970"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203024.44000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Wilson</name>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42312.23000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</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>City of Provo</name>
        <lei>N/A</lei>
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          <isin value="US744142HR46"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208126.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</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>
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      <invstOrSec>
        <name>Permanent University Fund - University of Texas System</name>
        <lei>549300GZUEUTLKVGLF98</lei>
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          <isin value="US915130BS66"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111812.18000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261AJ405"/>
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        <balance>3015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3236297.99000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kansas Development Finance Authority</name>
        <lei>549300WTL7BL8KBDPR87</lei>
        <title>Kansas Development Finance Authority, Series 2020R</title>
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          <isin value="US48542RLK85"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21389.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Santa Monica Community College District</name>
        <lei>N/A</lei>
        <title>Santa Monica Community College District, Series 2009C</title>
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          <isin value="US802385JP06"/>
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        <balance>1540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1449877.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut, Series 2025A</title>
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          <isin value="US20772KZU68"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121479.32000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Denton Independent School District</name>
        <lei>5493005I9W678SUI0Z07</lei>
        <title>Denton Independent School District, Series 2020</title>
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          <isin value="US249002GV24"/>
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        <balance>115000.00000000</balance>
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        <valUSD>122745.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Clarksville</name>
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        <valUSD>100122.51000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut, Series 2018A</title>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105733.51000000</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>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington, Series 2004C</title>
        <cusip>93974AZG2</cusip>
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          <isin value="US93974AZG20"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99161.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Franklin</name>
        <lei>N/A</lei>
        <title>City of Franklin, Series 2019B</title>
        <cusip>354730D42</cusip>
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          <isin value="US354730D427"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36976.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>County of Polk</name>
        <lei>N/A</lei>
        <title>County of Polk, Series 2020A</title>
        <cusip>731197V48</cusip>
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          <isin value="US731197V482"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30416.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>County of Baltimore</name>
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        <name>New Orleans Aviation Board</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Katy Independent School District</name>
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        <name>State of Hawaii</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Central Valley Water Reclamation Facility</name>
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        <name>Denton Independent School District</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>County of Williamson</name>
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        <name>Omaha Public Power District Nebraska City Station Unit 2</name>
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        <name>Whittier Union High School District</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Des Moines</name>
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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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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64578ELT28"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Green Bay Area Public School District</name>
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          <isin value="US392643WD03"/>
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        <balance>335000.00000000</balance>
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        <valUSD>354197.21000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Dallas</name>
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          <isin value="US235219YA41"/>
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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>2028-02-15</maturityDt>
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      <invstOrSec>
        <name>Leander Independent School District</name>
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          <isin value="US521841UD66"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26292.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Washington</name>
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          <isin value="US93974D3K28"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110568.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
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          <isin value="US594654SS58"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151073.22000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.10000000</annualizedRt>
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      <invstOrSec>
        <name>State of Nevada Highway Improvement</name>
        <lei>N/A</lei>
        <title>State of Nevada Highway Improvement, Series 2018</title>
        <cusip>641480JQ2</cusip>
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          <isin value="US641480JQ27"/>
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        <balance>180000.00000000</balance>
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        <valUSD>191331.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fort Bend Independent School District</name>
        <lei>N/A</lei>
        <title>Fort Bend Independent School District, Series 2020</title>
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          <isin value="US346843RF44"/>
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        <balance>125000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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        <cusip>13068LS22</cusip>
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        <balance>45000.00000000</balance>
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        <valUSD>46468.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority Sales Tax</name>
        <lei>N/A</lei>
        <title>Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2016A</title>
        <cusip>54466HDP8</cusip>
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          <isin value="US54466HDP82"/>
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        <balance>230000.00000000</balance>
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        <valUSD>232281.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Virginia Resources Authority</name>
        <lei>N/A</lei>
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        <cusip>92818MWX4</cusip>
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          <isin value="US92818MWX46"/>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Georgetown Independent School District</name>
        <lei>N/A</lei>
        <title>Georgetown Independent School District, Series 2023A</title>
        <cusip>373046B67</cusip>
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          <isin value="US373046B676"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Austin</name>
        <lei>IW10PQVTU7HKS3JMW253</lei>
        <title>City of Austin, Series 2022</title>
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        <valUSD>128388.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Francisco Bay Area Rapid Transit District</name>
        <lei>549300Y3C3QUMLE3FY58</lei>
        <title>San Francisco Bay Area Rapid Transit District, Series A-1</title>
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          <isin value="US797661WD34"/>
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        <balance>50000.00000000</balance>
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      <invstOrSec>
        <name>Michigan State University</name>
        <lei>N/A</lei>
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        <name>State of Connecticut</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Iowa</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Clear Creek Independent School District</name>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chicago Wastewater Transmission</name>
        <lei>N/A</lei>
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        <balance>35000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Seattle</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Newport Mesa Unified School District</name>
        <lei>N/A</lei>
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        <balance>65000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <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>2028-07-01</maturityDt>
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        <name>County of Williamson</name>
        <lei>N/A</lei>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Plano</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <name>State of Georgia</name>
        <lei>N/A</lei>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>City of El Paso</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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      <invstOrSec>
        <name>Houston Independent School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Spring Independent School District</name>
        <lei>N/A</lei>
        <title>Spring Independent School District, Series 2019</title>
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          <isin value="US8500007D64"/>
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        <name>North Texas Municipal Water District Water System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clark County School District No. 37 Vancouver</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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      <invstOrSec>
        <name>County of King</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of California</name>
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          <isin value="US13063DKD92"/>
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        <balance>2420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2603497.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Fort Bend</name>
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        <valUSD>110484.90000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California State Public Works Board</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
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          <isin value="US882854N656"/>
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          <maturityDt>2029-10-15</maturityDt>
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        <name>State of Washington</name>
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        <name>Metropolitan Water District of Southern California</name>
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        <name>Newport Mesa Unified School District</name>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>King County School District No. 411 Issaquah</name>
        <lei>N/A</lei>
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        <name>Clear Creek Independent School District</name>
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      <invstOrSec>
        <name>County of Hennepin</name>
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      <invstOrSec>
        <name>Palos Verdes Peninsula Unified School District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Southwestern Illinois Development Authority</name>
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        <balance>110000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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          <isin value="US13068L2Q73"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Municipality of Anchorage</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US033162EA25"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58071.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Durham Capital Financing Corp.</name>
        <lei>N/A</lei>
        <title>Durham Capital Financing Corp., Series 2018</title>
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          <isin value="US266780DD47"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clark County School District No. 114 Evergreen</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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          <isin value="US25476FB232"/>
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        <balance>150000.00000000</balance>
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        <valUSD>159392.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
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          <isin value="US84247PMS73"/>
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        <balance>390000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of New Castle</name>
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          <isin value="US64327THP66"/>
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        <balance>215000.00000000</balance>
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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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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Arlington</name>
        <lei>N/A</lei>
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          <isin value="US041796UT88"/>
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        <balance>35000.00000000</balance>
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          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Nebraska Facilities Corp. (The)</name>
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        <cusip>914639JD2</cusip>
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          <isin value="US914639JD23"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Fairfax</name>
        <lei>N/A</lei>
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        <balance>205000.00000000</balance>
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          <maturityDt>2030-10-01</maturityDt>
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      <invstOrSec>
        <name>Lansing School District</name>
        <lei>N/A</lei>
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          <isin value="US516444SA56"/>
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      <invstOrSec>
        <name>Dallas County Utility &amp; Reclamation District</name>
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          <isin value="US234839PL67"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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        <name>Metropolitan Council</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Maine Municipal Bond Bank</name>
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          <maturityDt>2028-09-01</maturityDt>
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        <name>Massachusetts Water Resources Authority</name>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Laredo Independent School District</name>
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        <name>Indiana Finance Authority</name>
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        <name>University of Washington</name>
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          <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 Housing Finance Agency</name>
        <lei>5493000LS7KCDB02O506</lei>
        <title>New York State Housing Finance Agency, Series 2023E-2</title>
        <cusip>64987JP47</cusip>
        <identifiers>
          <isin value="US64987JP471"/>
          <other otherDesc="Inhouse Asset ID" value="64987JP47"/>
        </identifiers>
        <balance>120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>120065.29000000</valUSD>
        <pctVal>0.019528885634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2063-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.87500000</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 Austin</name>
        <lei>N/A</lei>
        <title>City of Austin Water &amp; Wastewater System, Series 2017</title>
        <cusip>052477N44</cusip>
        <identifiers>
          <isin value="US052477N445"/>
          <other otherDesc="Inhouse Asset ID" value="052477N44"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199169.51000000</valUSD>
        <pctVal>0.032395362411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series P</title>
        <cusip>650009Y72</cusip>
        <identifiers>
          <isin value="US650009Y720"/>
          <other otherDesc="Inhouse Asset ID" value="650009Y72"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>263448.38000000</valUSD>
        <pctVal>0.042850463140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
        <title>Indiana Municipal Power Agency, Series 2017A</title>
        <cusip>454898VF1</cusip>
        <identifiers>
          <isin value="US454898VF10"/>
          <other otherDesc="Inhouse Asset ID" value="454898VF1"/>
        </identifiers>
        <balance>95000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99562.03000000</valUSD>
        <pctVal>0.016193984934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Dallas</name>
        <lei>N/A</lei>
        <title>City of Dallas, Series 2019B</title>
        <cusip>235219QG0</cusip>
        <identifiers>
          <isin value="US235219QG03"/>
          <other otherDesc="Inhouse Asset ID" value="235219QG0"/>
        </identifiers>
        <balance>215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>226510.76000000</valUSD>
        <pctVal>0.036842477346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orange County School Board</name>
        <lei>549300SEFJ368NVQXL34</lei>
        <title>Orange County School Board, Series 2021A</title>
        <cusip>684517SL0</cusip>
        <identifiers>
          <isin value="US684517SL02"/>
          <other otherDesc="Inhouse Asset ID" value="684517SL0"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201986.38000000</valUSD>
        <pctVal>0.032853532563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Municipality of Anchorage</name>
        <lei>N/A</lei>
        <title>Municipality of Anchorage, Series 2022A</title>
        <cusip>033162JT6</cusip>
        <identifiers>
          <isin value="US033162JT60"/>
          <other otherDesc="Inhouse Asset ID" value="033162JT6"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42657.15000000</valUSD>
        <pctVal>0.006938280029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Permanent University Fund - Texas A&amp;M University System</name>
        <lei>N/A</lei>
        <title>Permanent University Fund - Texas A&amp;M University System, Series 2017A</title>
        <cusip>8821173X0</cusip>
        <identifiers>
          <isin value="US8821173X01"/>
          <other otherDesc="Inhouse Asset ID" value="8821173X0"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51849.62000000</valUSD>
        <pctVal>0.008433455657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </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>
