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          <isin value="US13048VVE54"/>
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      <invstOrSec>
        <name>CALIFORNIA CNTY CA TOBACCO SEC</name>
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          <isin value="US13016NAE40"/>
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          <maturityDt>2043-06-01</maturityDt>
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      <invstOrSec>
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          <isin value="US71710FAB40"/>
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        <curCd>USD</curCd>
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          <maturityDt>2045-09-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH CH</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>130486AT0</cusip>
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          <isin value="US130486AT05"/>
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        <balance>1575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1586182.50000000</valUSD>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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        <title>North Carolina Medical Care Commission</title>
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          <isin value="US65820YTN66"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>CAPITAL TRUST AUTH FL CHRTR SC</name>
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          <isin value="US14054YAD31"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW JERSEY ST ECON DEV AUTH SC</name>
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        <title>New Jersey Economic Development Authority</title>
        <cusip>645912DX1</cusip>
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          <isin value="US645912DX15"/>
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        <balance>1215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1169303.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>TOBACCO SETTLEMENT FING CORP V</name>
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          <isin value="US88880NAV10"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <title>Philadelphia Authority for Industrial Development</title>
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          <isin value="US71781XFH17"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <title>Philadelphia Authority for Industrial Development</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-06-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-06-30</maturityDt>
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        <name>PINERY CO COML MET DIST #2 SPL</name>
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          <maturityDt>2054-12-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>KANSAS ST DEV FIN AUTH REVENUE</name>
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        <name>MILTON DE SPL OBLIG</name>
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          <maturityDt>2044-09-01</maturityDt>
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        <name>PUERTO RICO CMWLTH INDL DEV CO</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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          <maturityDt>2053-06-01</maturityDt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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        <cusip>744396FF4</cusip>
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          <isin value="US744396FF45"/>
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        <curCd>USD</curCd>
        <valUSD>1689480.00000000</valUSD>
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          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX CULTURAL EDU FA</name>
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        <title>Harris County Cultural Education Facilities Finance Corp</title>
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          <isin value="US414009QY97"/>
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        <curCd>USD</curCd>
        <valUSD>767890.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
        <lei>N/A</lei>
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        <cusip>04052BPR9</cusip>
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          <isin value="US04052BPR95"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>239925.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FUND LTD</name>
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        <title>Michigan Strategic Fund</title>
        <cusip>594714AE7</cusip>
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          <isin value="US594714AE78"/>
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        <balance>7085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6197036.95000000</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>2040-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIST OF COLUMBIA TAX INCR REVE</name>
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          <isin value="US254840EC17"/>
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        <curCd>USD</curCd>
        <valUSD>1140057.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VIRGIN ISLANDS PUBLIC FIN AUTH</name>
        <lei>N/A</lei>
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        <cusip>927677AA2</cusip>
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          <isin value="US927677AA20"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2595048.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442PTP0</cusip>
        <identifiers>
          <isin value="US74442PTP08"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>492655.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOBILE CNTY AL INDL DEV AUTH S</name>
        <lei>N/A</lei>
        <title>Mobile County Industrial Development Authority</title>
        <cusip>60733UAA9</cusip>
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          <isin value="US60733UAA97"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4065200.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HAWAII ST ARPTS SYS REVENUE</name>
        <lei>N/A</lei>
        <title>State of Hawaii Airports System Revenue</title>
        <cusip>419794J45</cusip>
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          <isin value="US419794J456"/>
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        <valUSD>2717750.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>SAINT PAUL MN HSG &amp; REDEV AUTH</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <isin value="US041807GZ51"/>
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        <balance>600000.00000000</balance>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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          <isin value="US187145UR63"/>
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          <maturityDt>2054-06-15</maturityDt>
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        <name>LARKRIDGE CO MET DIST #2</name>
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          <isin value="US51724SAA42"/>
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        <name>DIST OF COLUMBIA REVENUE</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia</title>
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          <isin value="US25483VB375"/>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <maturityDt>2052-11-15</maturityDt>
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        <name>FLORIDA ST DEV FIN CORP SENIOR</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARKANSAS DEV FIN AUTH ENVIRONM</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>KOKOMO IN MF HSG REVENUE</name>
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      <invstOrSec>
        <name>CAPITAL PROJS FIN AUTH FL EDUC</name>
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          <maturityDt>2059-06-15</maturityDt>
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        <name>ROCHESTER MN</name>
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          <maturityDt>2043-09-01</maturityDt>
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        <name>Detroit Retirement Systems Fun</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FLORIDA ST DEV FIN CORP</name>
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          <maturityDt>2054-06-01</maturityDt>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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          <maturityDt>2045-06-01</maturityDt>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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        <name>KANSAS CITY MO INDL DEV AUTH S</name>
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        <name>FLINT INTERNATIONAL ACADEMY MI</name>
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        <name>CAPITAL TRUST AUTH FL EDUCTNL</name>
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        <name>ALLENTOWN PA NEIGHBORHOOD IMPT</name>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>INDIANA ST FIN AUTH REVENUE</name>
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          <isin value="US45506DF832"/>
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        <name>CENTRL FALLS RI DETENTION FAC</name>
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        <name>ANDERSON IN MF REVENUE</name>
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        <name>FLORIDA ST DEV FIN CORP</name>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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        <name>PRAIRIE CENTER CO MET DIST #3</name>
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        <name>MATTESON IL TAX INCR REVENUE</name>
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          <maturityDt>2035-12-01</maturityDt>
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      <invstOrSec>
        <name>GRAPEVINE WASH LOCAL DIST UT</name>
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          <isin value="US38860EAA64"/>
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        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MIDAS MOUNTAIN VETERANS PROGRA</name>
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          <isin value="US59561SAA33"/>
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        <curCd>USD</curCd>
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          <maturityDt>2044-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FLORIDA ST DEV FIN CORP</name>
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          <isin value="US34062AAE10"/>
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          <maturityDt>2059-06-01</maturityDt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>744396HR6</cusip>
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          <isin value="US744396HR64"/>
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          <maturityDt>2037-06-01</maturityDt>
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        <name>MINERAL BUSINESS IMP DIST CO L</name>
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          <isin value="US60284AAA60"/>
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          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>GREATER TEXAS CULTURAL EDU FAC</name>
        <lei>N/A</lei>
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          <isin value="US39237QBH74"/>
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          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>LOUISIANA PUB FACS AUTH REVENU</name>
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          <isin value="US546399SY35"/>
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          <maturityDt>2059-09-01</maturityDt>
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      <invstOrSec>
        <name>S WSTRN IL DEV AUTH REV</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
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          <maturityDt>2026-11-01</maturityDt>
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        <name>EVANSVILLE IN MF HSG REVENUE</name>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>OLDE TOWNE CO MET DIST</name>
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        <name>DIST OF COLUMBIA TOBACCO SETTL</name>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74444VAA89"/>
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          <maturityDt>2020-12-01</maturityDt>
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        <name>MONTGOMERY CNTY PA INDL DEV AU</name>
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          <isin value="US613609N445"/>
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      <invstOrSec>
        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
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          <maturityDt>2056-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLORIDA ST DEV FIN CORP</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>UNION CNTY NC ENTERPRISE SYS R</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
        <lei>N/A</lei>
        <title>New York Counties Tobacco Trust IV</title>
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          <isin value="US62947YAE14"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAPITAL TRUST AUTH FL EDUCTNL</name>
        <lei>N/A</lei>
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          <isin value="US14054WAD74"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2111172.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VENICE FL</name>
        <lei>N/A</lei>
        <title>City of Venice FL</title>
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          <isin value="US922687AE82"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1275812.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLENTOWN PA NEIGHBORHOOD IMPT</name>
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          <isin value="US018444CF49"/>
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        <balance>3900000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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          <isin value="US167505RM02"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1059720.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIDA MOUNTAIN VLG PUBLIC INFRA</name>
        <lei>N/A</lei>
        <title>Mida Mountain Village Public Infrastructure District</title>
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          <isin value="US59561UAA88"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1796760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>INDIANA ST FIN AUTH HLTH FAC R</name>
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        <title>Indiana Finance Authority</title>
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          <isin value="US45471CBF41"/>
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        <balance>2020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1687144.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048VVD71"/>
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        <balance>2910000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP V</name>
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        <balance>9000000.00000000</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>2046-06-01</maturityDt>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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        <title>Public Finance Authority</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204FEQ4</cusip>
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          <isin value="US45204FEQ46"/>
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        <balance>987400.53000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>RIVERPARK MET DIST CO LIMITED</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
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          <annualizedRt>6.37500000</annualizedRt>
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      <invstOrSec>
        <name>CHESTER CNTY PA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Chester County Industrial Development Authority</title>
        <cusip>165588FW9</cusip>
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          <isin value="US165588FW99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-10-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>PUERTO RICO SALES TAX FING COR</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</title>
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          <isin value="US74529JQH13"/>
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        <balance>9558000.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BRIDGEVILLE DE SPL OBLIG</name>
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        <balance>870000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDEN ST TOBACCO SECURITIZATI</name>
        <lei>N/A</lei>
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        <valUSD>34434080.00000000</valUSD>
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      <invstOrSec>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <title>Philadelphia Authority for Industrial Development</title>
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          <isin value="US71780CBR07"/>
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        <curCd>USD</curCd>
        <valUSD>1013686.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-06-15</maturityDt>
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      <invstOrSec>
        <name>HOOVER AL INDL DEV BRD ENVNMNT</name>
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          <isin value="US439241AA80"/>
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        <balance>4525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4754915.25000000</valUSD>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>LAFAYETTE IN MF HSG REVENUE</name>
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        <title>City of Lafayette IN</title>
        <cusip>506309AB9</cusip>
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          <isin value="US506309AB92"/>
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        <curCd>USD</curCd>
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          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PHOENIX AZ INDL DEV AUTH MF HS</name>
        <lei>549300A62PWFBDWB8332</lei>
        <title>Industrial Development Authority of the City of Phoenix Arizona/The</title>
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          <isin value="US718903RP49"/>
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        <curCd>USD</curCd>
        <valUSD>11572704.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI EDUCTNL FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74443DAR2</cusip>
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          <isin value="US74443DAR26"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1918280.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp</title>
        <cusip>187145UQ8</cusip>
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          <isin value="US187145UQ80"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>574775.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ONONDAGA NY CIVIC DEV CORP</name>
        <lei>N/A</lei>
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        <name>S WSTRN IL DEV AUTH SPL FAC RE</name>
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        <title>Southwestern Illinois Development Authority</title>
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          <maturityDt>2053-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development</title>
        <cusip>71781XFP3</cusip>
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          <isin value="US71781XFP33"/>
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        <balance>4055000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AEROTROPOLIS REGL TRANPRTN AUT</name>
        <lei>N/A</lei>
        <title>Aerotropolis Regional Transportation Authority</title>
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          <isin value="US008051AC80"/>
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        <balance>5000000.00000000</balance>
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        <name>DELAWARE ST ECON DEV AUTH CHRT</name>
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          <isin value="US246372BC95"/>
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        <name>CALIFORNIA CNTY CA TOBACCO SEC</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency</title>
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          <isin value="US13016NGB47"/>
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      <invstOrSec>
        <name>PHILADELPHIA PA AUTH FOR INDL</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development</title>
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          <isin value="US71781PBL31"/>
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        <balance>2940000.00000000</balance>
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          <maturityDt>2050-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLORIDA ST DEV FIN CORP SENIOR</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp</title>
        <cusip>34061WAW4</cusip>
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          <isin value="US34061WAW47"/>
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        <balance>300000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
        <lei>549300BJRX2FHSSZP042</lei>
        <title>Colorado Educational &amp; Cultural Facilities Authority</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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          <isin value="US13080SBY90"/>
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          <maturityDt>2043-11-01</maturityDt>
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      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
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          <isin value="US649519DW23"/>
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        <valUSD>759400.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>CHINO CA CMNTY FACS DIST SPL T</name>
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          <isin value="US169511XW75"/>
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        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-01</maturityDt>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <isin value="US041806AM20"/>
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        <name>MISHAWAKA IN MF HSG REVENUE</name>
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          <isin value="US604786AA15"/>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUT</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>PUBLIC FIN AUTH WI EDUCTNL FAC</name>
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        <name>INLAND EMPIRE CA TOBACCO SECUR</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-01</maturityDt>
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        <name>ARKANSAS ST DEV FIN AUTH INDL</name>
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          <isin value="US04108WCC47"/>
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          <maturityDt>2049-09-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US744396HT21"/>
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        <name>FLORIDA ST DEV FIN CORP</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <name>ROCHESTER MN</name>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>PFLUGERVILLE TX SPL ASSMNT REV</name>
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        <name>PUBLIC FIN AUTH WI EDUCTNL FAC</name>
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        <name>STERLING RANCH CMNTY AUTH BRD</name>
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          <isin value="US85950TAA51"/>
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          <maturityDt>2043-12-01</maturityDt>
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      <invstOrSec>
        <name>TEMPE AZ INDL DEV AUTH REVENUE</name>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
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      <invstOrSec>
        <name>MIDA MOUNTAIN VLG PUBLIC INFRA</name>
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          <maturityDt>2054-06-15</maturityDt>
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        <name>DIST OF COLUMBIA REVENUE</name>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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          <isin value="US13058TRV43"/>
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          <maturityDt>2043-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LAS VEGAS NV SPL IMPT DIST #81</name>
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          <isin value="US51779DAM56"/>
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        <valUSD>953195.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA ST SCH FIN AUTH CHR</name>
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          <isin value="US13058TUK41"/>
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          <maturityDt>2054-06-01</maturityDt>
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        <name>NASSAU CNTY NY TOBACCO SETTLEM</name>
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        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
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        <name>FLORIDA ST DEV FIN CORP SENIOR</name>
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        <name>BETHEL MN CHRT SCH LEASE REVEN</name>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <name>OTERO CNTY NM COPS</name>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <title>Philadelphia Authority for Industrial Development</title>
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      <invstOrSec>
        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
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        <title>Buckeye Tobacco Settlement Financing Authority</title>
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          <isin value="US118217DA38"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>MOBILE CNTY AL INDL DEV AUTH S</name>
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          <isin value="US60733UAB70"/>
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          <maturityDt>2054-12-01</maturityDt>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <isin value="US041807JX76"/>
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        <curCd>USD</curCd>
        <valUSD>1195284.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BETHEL MN CHRT SCH LEASE REVEN</name>
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          <isin value="US086759AT41"/>
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        <valUSD>950470.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW JERSEY ST ECON DEV AUTH SC</name>
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          <isin value="US645912DY97"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>SPRINGSHIRE RETIREMENT LLC - Promissory Note 9% 12/01/2022</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
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          <maturityDt>2025-12-31</maturityDt>
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          <annualizedRt>9.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CNTYS NY TOBACCO TRUS</name>
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          <maturityDt>2060-06-01</maturityDt>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13048TG233"/>
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        <name>TARRANT CNTY TX CULTURAL EDU F</name>
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          <maturityDt>2054-12-01</maturityDt>
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        <name>MIDAS MOUNTAIN VETERANS PROGRA</name>
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        <name>WESTCHESTER CNTY NY LOCAL DEV</name>
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        <name>RIVERHEAD NY INDL DEV AGY</name>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <title>Philadelphia Authority for Industrial Development</title>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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          <maturityDt>2029-03-01</maturityDt>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <name>TOBACCO SETTLEMENT FING CORP V</name>
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        <name>DEEPHAVEN MN CHARTER SCH LEASE</name>
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        <name>PHILADELPHIA PA AUTH FOR INDL</name>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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        <name>NASSAU CNTY NY TOBACCO SETTLEM</name>
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      <invstOrSec>
        <name>PHILADELPHIA PA AUTH FOR INDL</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development</title>
        <cusip>71781XFJ7</cusip>
        <identifiers>
          <isin value="US71781XFJ72"/>
        </identifiers>
        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3554040.00000000</valUSD>
        <pctVal>0.324836875323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>LAKE CNTY FL EDUCTNL FACS REVE</name>
        <lei>N/A</lei>
        <title>County of Lake FL</title>
        <cusip>50825CAC5</cusip>
        <identifiers>
          <isin value="US50825CAC55"/>
        </identifiers>
        <balance>1525000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1489223.50000000</valUSD>
        <pctVal>0.136114030342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-15</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>ALBANY NY CAPITAL RESOURCE COR</name>
        <lei>N/A</lei>
        <title>Albany Capital Resource Corp</title>
        <cusip>012432EB2</cusip>
        <identifiers>
          <isin value="US012432EB22"/>
        </identifiers>
        <balance>2600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2604290.00000000</valUSD>
        <pctVal>0.238030361514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREEN VALLEY RANCH EAST MET DI</name>
        <lei>N/A</lei>
        <title>Green Valley Ranch East Metropolitan District No 6</title>
        <cusip>39356MAA7</cusip>
        <identifiers>
          <isin value="US39356MAA71"/>
        </identifiers>
        <balance>8425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8458784.25000000</valUSD>
        <pctVal>0.773127214327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</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>DIST OF COLUMBIA TOBACCO SETTL</name>
        <lei>N/A</lei>
        <title>District of Columbia Tobacco Settlement Financing Corp</title>
        <cusip>254842BB2</cusip>
        <identifiers>
          <isin value="US254842BB27"/>
        </identifiers>
        <balance>25000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6658250.00000000</valUSD>
        <pctVal>0.608559589966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUFFALO &amp; ERIE CNTY NY INDL LA</name>
        <lei>N/A</lei>
        <title>Buffalo &amp; Erie County Industrial Land Development Corp</title>
        <cusip>11943KDF6</cusip>
        <identifiers>
          <isin value="US11943KDF66"/>
        </identifiers>
        <balance>212974.45870000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2129.74000000</valUSD>
        <pctVal>0.000194656809</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>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WI EDUCTNL FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74443DDZ1</cusip>
        <identifiers>
          <isin value="US74443DDZ15"/>
        </identifiers>
        <balance>715000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>725968.10000000</valUSD>
        <pctVal>0.066352998049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PORT OF GTR CINCINNATI DEV AUT</name>
        <lei>549300IK2RCZBY62ST97</lei>
        <title>Port of Greater Cincinnati Development Authority</title>
        <cusip>73421NAD9</cusip>
        <identifiers>
          <isin value="US73421NAD93"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1491345.00000000</valUSD>
        <pctVal>0.136307934021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</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>SOUTH CAROLINA ST JOBS-ECON DE</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority</title>
        <cusip>83704HAM9</cusip>
        <identifiers>
          <isin value="US83704HAM97"/>
        </identifiers>
        <balance>2200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2342824.00000000</valUSD>
        <pctVal>0.214132544257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>TOBACCO SECURITIZATION AUTH ST</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Southern California</title>
        <cusip>888804AZ4</cusip>
        <identifiers>
          <isin value="US888804AZ47"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2572000.00000000</valUSD>
        <pctVal>0.235079077144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHILADELPHIA PA AUTH FOR INDL</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development</title>
        <cusip>71780CAC4</cusip>
        <identifiers>
          <isin value="US71780CAC47"/>
        </identifiers>
        <balance>9435000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9462550.20000000</valUSD>
        <pctVal>0.864870749784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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 CNTYS NY TOBACCO TRUS</name>
        <lei>N/A</lei>
        <title>New York Counties Tobacco Trust IV</title>
        <cusip>62947YAD3</cusip>
        <identifiers>
          <isin value="US62947YAD31"/>
        </identifiers>
        <balance>9700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9459537.00000000</valUSD>
        <pctVal>0.864595345322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO CMWLTH</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514L4D6</cusip>
        <identifiers>
          <isin value="US74514L4D67"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3425000.00000000</valUSD>
        <pctVal>0.313042705761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.01000000</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 Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-08-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Pioneer Series Trust V</ncom:nameOfApplicant>
      <ncom:signature>Carol Trevino</ncom:signature>
      <ncom:signerName>Carol Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
