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      <invstOrSec>
        <name>SANGAMON &amp; CHRISTIAN CNTYS IL</name>
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      <invstOrSec>
        <name>TEXAS ST MUNI PWR AGY REVENUE</name>
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        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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          <isin value="US79467BCL71"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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          <isin value="US952480AU54"/>
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        <curCd>USD</curCd>
        <valUSD>309855.16000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>STHRN CALIFORNIA ST PUBLIC PWR</name>
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          <isin value="US842477UA78"/>
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        <curCd>USD</curCd>
        <valUSD>660947.83000000</valUSD>
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        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WEST DES MOINES IA</name>
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        <title>City of West Des Moines IA</title>
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          <isin value="US952531JE21"/>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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          <isin value="US39160CBN65"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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        <name>OSCEOLA CNTY FL TRANSPRTN REVE</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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          <maturityDt>2044-12-01</maturityDt>
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        <name>HEBER UT LIGHT &amp; PWR COMPANY E</name>
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        <name>WILLIAMSON CNTY TX MUNI UTILIT</name>
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        <name>Dreyfus Government Cash Management</name>
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        <name>NEW YORK ST PWR AUTH GREEN TRA</name>
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        <name>LOS ANGELES CA DEPT OF WTR &amp; P</name>
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        <name>LOVE FIELD TX ARPT MODERNIZATI</name>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <maturityDt>2037-12-01</maturityDt>
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          <maturityDt>2051-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MONROE WI SCH DIST</name>
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        <name>SUFFOLK VA</name>
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        <name>JOLIET IL</name>
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          <maturityDt>2044-12-15</maturityDt>
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        <name>LEHIGH CNTY PA GEN PURPOSE HOS</name>
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        <name>ALABAMA ST UNIV REVENUE</name>
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          <isin value="US010632QN00"/>
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        <name>ALABAMA ST PORT AUTH DOCKS FAC</name>
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        <name>S WSTRN IL DEV AUTH REV</name>
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        <name>SALES TAX SECURITIZATION CORP</name>
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          <maturityDt>2037-01-01</maturityDt>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <name>CASTLE OAKS CO MET DIST #3</name>
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        <name>OHIO ST PRIVATE ACTIVITY REVEN</name>
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      <invstOrSec>
        <name>CLOVIS CA UNIF SCH DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>WILL CNTY IL SCH DIST #114 MAN</name>
        <lei>N/A</lei>
        <title>Will County School District No 114 Manhattan</title>
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          <maturityDt>2045-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
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          <isin value="US45129GKL85"/>
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          <maturityDt>2042-05-01</maturityDt>
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      <invstOrSec>
        <name>FOOTHILL-DE ANZA CA CMNTY CLG</name>
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          <maturityDt>2029-08-01</maturityDt>
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      <invstOrSec>
        <name>SPRINGFIELD IL ELEC REVENUE</name>
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          <isin value="US850578UJ21"/>
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          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
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          <isin value="US542519ES82"/>
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        <curCd>USD</curCd>
        <valUSD>1838553.48000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>WISCONSIN CENTER DIST WI TAX R</name>
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          <isin value="US976595EU85"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-15</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU DEDICATE</name>
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        <cusip>167510AY2</cusip>
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          <isin value="US167510AY26"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1884892.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST PWR AUTH GREEN TRA</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>New York Power Authority</title>
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          <isin value="US65000XBQ25"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZK5</cusip>
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          <isin value="US665245ZK51"/>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
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        <title>Wayne County Airport Authority</title>
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          <isin value="US944514L227"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
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        <name>CHICAGO IL BRD OF EDU</name>
        <lei>54930099NR6T9V7LVB43</lei>
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          <isin value="US167505EC66"/>
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        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>GEORGETOWN TX INDEP SCH DIST</name>
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        <title>Georgetown Independent School District</title>
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          <isin value="US373046YW50"/>
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          <maturityDt>2035-08-15</maturityDt>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <name>DENTON TX INDEP SCH DIST</name>
        <lei>5493005I9W678SUI0Z07</lei>
        <title>Denton Independent School District</title>
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        <name>OAK GROVE CA SCH DIST</name>
        <lei>N/A</lei>
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          <maturityDt>2046-06-01</maturityDt>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>NTHRN KY UNIV GEN RECPTS</name>
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        <title>Northern Kentucky University</title>
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        <balance>1805000.00000000</balance>
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      <invstOrSec>
        <name>PASCO CNTY FL CAPITAL IMPT CIG</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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      <invstOrSec>
        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
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          <isin value="US837151U492"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
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      <invstOrSec>
        <name>TRI-CREEK IN 2002 HIGH SCH BLD</name>
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          <isin value="US89556GJF37"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>EL PASO CNTY TX HOSP DIST</name>
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          <isin value="US283590JA64"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>FAYETTE CNTY OH HOSP FACS IMPT</name>
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          <isin value="US312446AH02"/>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUT</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
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        <name>NASSAU CNTY NY</name>
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        <name>NEW YORK ST CONVENTION CENTER</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>SHREVEPORT LA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-15</maturityDt>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <name>OSCEOLA CNTY FL TRANSPRTN REVE</name>
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        <name>UNIV OF SOUTH ALABAMA AL UNIV</name>
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        <name>WILDWOOD UTILITY DEPENDENT DIS</name>
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        <name>NEW YORK CITY NY INDL DEV AGY</name>
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          <isin value="US64971PKK02"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILADELPHIA PA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Philadelphia PA Airport Revenue</title>
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          <isin value="US717817XV73"/>
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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>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SHAWANO WI ELEC SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Shawano WI Electric System Revenue</title>
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          <isin value="US820418AG66"/>
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        <curCd>USD</curCd>
        <valUSD>691328.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIVER ISLANDS CA PUBLIC FING A</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority</title>
        <cusip>76827QGR8</cusip>
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          <isin value="US76827QGR83"/>
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        <balance>735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>740186.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</title>
        <cusip>592643DH0</cusip>
        <identifiers>
          <isin value="US592643DH07"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1673495.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL O'HARE INTERNATIONA</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport</title>
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          <isin value="US1675934E92"/>
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        <curCd>USD</curCd>
        <valUSD>1508632.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZL3</cusip>
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          <isin value="US665245ZL35"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>357555.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
        <lei>N/A</lei>
        <title>Lazy Nine Municipal Utility District No 1B</title>
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        <identifiers>
          <isin value="US52109HQB23"/>
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        <balance>605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>586755.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU DEDICATE</name>
        <lei>N/A</lei>
        <title>Chicago Board of Education Dedicated Capital Improvement Tax</title>
        <cusip>167510BM7</cusip>
        <identifiers>
          <isin value="US167510BM78"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>777299.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DENTON TX INDEP SCH DIST</name>
        <lei>5493005I9W678SUI0Z07</lei>
        <title>Denton Independent School District</title>
        <cusip>249002HG4</cusip>
        <identifiers>
          <isin value="US249002HG48"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2104056.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>PORT HURON MI AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Port Huron Area School District</title>
        <cusip>734353MP7</cusip>
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          <isin value="US734353MP79"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1430658.30000000</valUSD>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>TEXAS ST TECH CLG SYS FING SYS</name>
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        <title>Texas State Technical College</title>
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          <isin value="US88276RFG20"/>
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        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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        <title>Great Lakes Water Authority Water Supply System Revenue</title>
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          <isin value="US39081JBG22"/>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>MEDFORD OR HOSP FACS AUTH REVE</name>
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          <isin value="US584283GU33"/>
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          <maturityDt>2035-08-15</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 490</title>
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          <isin value="US41430ECZ43"/>
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        <name>GUADALUPE-BLANCO TX RIVER AUTH</name>
        <lei>N/A</lei>
        <title>Guadalupe-Blanco River Authority</title>
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          <isin value="US400525AT88"/>
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          <maturityDt>2042-08-15</maturityDt>
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        <name>LAFAYETTE LA UTILITIES REVENUE</name>
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          <isin value="US506498C933"/>
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          <maturityDt>2043-11-01</maturityDt>
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      <invstOrSec>
        <name>AUBREY TX SPL ASSMNT</name>
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          <isin value="US050197BE19"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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          <isin value="US93978LJN73"/>
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          <maturityDt>2055-07-01</maturityDt>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <isin value="US41423KJF66"/>
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        <name>TWIN RIVERS CA UNIF SCH DIST</name>
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          <isin value="US90171TDG22"/>
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          <maturityDt>2041-08-01</maturityDt>
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        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
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          <isin value="US45129GKP99"/>
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        <name>SNAKE RIVER SPORTING CLUB IMPT</name>
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        <name>CALIFORNIA CMNTY CHOICE FING A</name>
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        <name>WASHINGTON CA UNIF SCH DIST YO</name>
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      <invstOrSec>
        <name>FONTANA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>RIVERSIDE CNTY CA TRANSPRTN CO</name>
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          <isin value="US76912DCG16"/>
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      <invstOrSec>
        <name>JACKSON CNTY MO SCH DIST HICKM</name>
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          <isin value="US46741RDD61"/>
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          <maturityDt>2041-03-01</maturityDt>
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        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
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          <isin value="US13078RJE18"/>
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          <maturityDt>2054-05-15</maturityDt>
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      <invstOrSec>
        <name>ARISTA CO MET DIST</name>
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          <isin value="US04041AAQ31"/>
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      <invstOrSec>
        <name>OROVILLE CA UNION HIGH SCH DIS</name>
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        <debtSec>
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      <invstOrSec>
        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
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          <isin value="US557021LE05"/>
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          <maturityDt>2039-12-01</maturityDt>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <isin value="US041807FD58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
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      <invstOrSec>
        <name>ALABAMA ST UNIV REVENUE</name>
        <lei>549300JCR3DWTI08FS98</lei>
        <title>Alabama State University</title>
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          <isin value="US010632QP57"/>
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        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
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        <name>COMAL CNTY TX WTR CONTROL &amp; IM</name>
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        <name>TRAILS AT CROWFOOT MET DIST #3</name>
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        <name>NEWPORT OR</name>
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        <name>SHAWANO WI ELEC SYS REVENUE</name>
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        <name>DOUGLAS CNTY NE SCH DIST #10</name>
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        <name>MIAMI-DADE CNTY FL SEAPORT REV</name>
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        <name>BALTIC SD SCH DIST #49-1</name>
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      <invstOrSec>
        <name>SHAWANO WI ELEC SYS 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>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>SWEETWATER CNTY WY 2023 SPECIF</name>
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        <title>Sweetwater County 2023 Specific Purpose Tax Joint Powers Board</title>
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          <isin value="US87048HAF01"/>
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        <curCd>USD</curCd>
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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>SAN FRANCISCO CA CMNTY CLG DIS</name>
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        <title>San Francisco Community College District</title>
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          <isin value="US797683KJ77"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANA ST MUNI PWR AGY</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
        <title>Indiana Municipal Power Agency</title>
        <cusip>454898YV3</cusip>
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          <isin value="US454898YV33"/>
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        <balance>3810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3912519.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF WTR &amp; P</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water &amp; Power</title>
        <cusip>544532PW8</cusip>
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          <isin value="US544532PW82"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2984456.70000000</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>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEANDER TX MUNI UTILITY DIST #</name>
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        <title>Leander Municipal Utility District No 1</title>
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          <isin value="US52184HCD17"/>
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        <curCd>USD</curCd>
        <valUSD>1828033.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INMAN CAMPOBELLO WTR DIST SC</name>
        <lei>N/A</lei>
        <title>Inman Campobello Water District</title>
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          <isin value="US457561AU23"/>
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        <balance>2845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2867294.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp</title>
        <cusip>650116GZ3</cusip>
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          <isin value="US650116GZ30"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>996379.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF WTR &amp; P</name>
        <lei>549300S8NXV6YU61GG95</lei>
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        <cusip>544532BM5</cusip>
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          <isin value="US544532BM56"/>
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        <balance>1085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1089785.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>KANKAKEE IL</name>
        <lei>549300Z3ZVLSXELVAS52</lei>
        <title>City of Kankakee IL</title>
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          <isin value="US484404YN29"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1101401.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>SAGINAW MI WTR SPLY SYS REVENU</name>
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        <title>City of Saginaw MI Water Supply System Revenue</title>
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          <isin value="US786795DA99"/>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>CHICAGO IL MIDWAY ARPT REVENUE</name>
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        <title>Chicago Midway International Airport</title>
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          <isin value="US167562SE84"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>RENO NV CAPITAL IMPT REVENUE</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>City of Reno NV</title>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>KENTUCKY BOND DEV CORP INDL BL</name>
        <lei>N/A</lei>
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          <isin value="US491211BR87"/>
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          <maturityDt>2049-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency</title>
        <cusip>57584YD22</cusip>
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          <isin value="US57584YD223"/>
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          <maturityDt>2045-10-01</maturityDt>
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        <name>MONTGOMERY CNTY TX MUNI UTILIT</name>
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        <title>Montgomery County Municipal Utility District No 99</title>
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          <isin value="US61370WKN29"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-09-01</maturityDt>
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        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
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          <isin value="US4521526M81"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>RIVER DELTA CA UNIF SCH DIST S</name>
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        <name>MIAMI-DADE CNTY FL SEAPORT REV</name>
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        <name>NEWARK NJ PKG AUTH LEASE REVEN</name>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
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        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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        <name>BUELLTON CA UNION SCH DIST</name>
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        <name>COMAL CNTY TX WTR CONTROL &amp; IM</name>
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        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</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>CLARK CNTY NV SCH DIST</name>
        <lei>N/A</lei>
        <title>Clark County School District</title>
        <cusip>181059U20</cusip>
        <identifiers>
          <isin value="US181059U200"/>
        </identifiers>
        <balance>1425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1369033.27000000</valUSD>
        <pctVal>0.429797157978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>2.00000000</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 ST CONVENTION CENTER</name>
        <lei>N/A</lei>
        <title>New York Convention Center Development Corp</title>
        <cusip>649451JD4</cusip>
        <identifiers>
          <isin value="US649451JD46"/>
        </identifiers>
        <balance>1825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>344246.10000000</valUSD>
        <pctVal>0.108073338075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-15</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>JERSEY CITY NJ MUNI UTILITIESA</name>
        <lei>N/A</lei>
        <title>Jersey City Municipal Utilities Authority</title>
        <cusip>476623DY6</cusip>
        <identifiers>
          <isin value="US476623DY63"/>
        </identifiers>
        <balance>1665000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1800553.64000000</valUSD>
        <pctVal>0.565269562265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-15</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>WORCESTER MA</name>
        <lei>5493006DO0NOILRNNH68</lei>
        <title>City of Worcester MA</title>
        <cusip>981306ZA4</cusip>
        <identifiers>
          <isin value="US981306ZA43"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>841963.20000000</valUSD>
        <pctVal>0.264327681738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>GRAND RAPIDS MI PUBLIC SCHS</name>
        <lei>N/A</lei>
        <title>Grand Rapids Public Schools</title>
        <cusip>386280PZ8</cusip>
        <identifiers>
          <isin value="US386280PZ89"/>
        </identifiers>
        <balance>2100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2135623.35000000</valUSD>
        <pctVal>0.670462045339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST ECON DEV FING</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority</title>
        <cusip>70868YAT6</cusip>
        <identifiers>
          <isin value="US70868YAT64"/>
        </identifiers>
        <balance>3625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3757866.40000000</valUSD>
        <pctVal>1.179752409364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-30</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>JERSEY CITY NJ MUNI UTILITIESA</name>
        <lei>N/A</lei>
        <title>Jersey City Municipal Utilities Authority</title>
        <cusip>476623DX8</cusip>
        <identifiers>
          <isin value="US476623DX80"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1085404.30000000</valUSD>
        <pctVal>0.340754088027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-15</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>BRANDON SD WTR SURCHARGE REVEN</name>
        <lei>N/A</lei>
        <title>City of Brandon SD Water Utility Revenue</title>
        <cusip>10530AAR6</cusip>
        <identifiers>
          <isin value="US10530AAR68"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1043740.00000000</valUSD>
        <pctVal>0.327673910852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</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>PENNSYLVANIA ST HGR EDUCTNL FA</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority</title>
        <cusip>70917RKC8</cusip>
        <identifiers>
          <isin value="US70917RKC87"/>
        </identifiers>
        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54472.83000000</valUSD>
        <pctVal>0.017101313776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.65000000</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>CUYAHOGA CNTY OH HOSP REVENUE</name>
        <lei>549300GHDK9DGLUNJU89</lei>
        <title>County of Cuyahoga OH</title>
        <cusip>2322655J3</cusip>
        <identifiers>
          <isin value="US2322655J35"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>508220.85000000</valUSD>
        <pctVal>0.159551912829</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>GREEN OH LOCAL SCH DIST SUMMIT</name>
        <lei>N/A</lei>
        <title>Green Local School District/Summit County</title>
        <cusip>393192AP4</cusip>
        <identifiers>
          <isin value="US393192AP40"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3064602.30000000</valUSD>
        <pctVal>0.962107632982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</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>BURBANK GLENDALE PASADENA CA A</name>
        <lei>N/A</lei>
        <title>Burbank-Glendale-Pasadena Airport Authority Brick Campaign</title>
        <cusip>120827DX5</cusip>
        <identifiers>
          <isin value="US120827DX54"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2803506.60000000</valUSD>
        <pctVal>0.880138704776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF WTR &amp; P</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water &amp; Power</title>
        <cusip>544532JS4</cusip>
        <identifiers>
          <isin value="US544532JS45"/>
        </identifiers>
        <balance>1575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1577238.86000000</valUSD>
        <pctVal>0.495161654823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</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 Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-09-25</ncom:dateSigned>
      <ncom:nameOfApplicant>New York Life Investments Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
