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      <invstOrSec>
        <name>OSCEOLA CNTY FL TRANSPRTN REVE</name>
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        <name>INDIANA ST MUNI PWR AGY</name>
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        <name>GADSDEN AL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <title>North Carolina Turnpike Authority</title>
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          <isin value="US65830RDE62"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BUELLTON CA UNION SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEWARK NJ PKG AUTH LEASE REVEN</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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          <maturityDt>2041-07-01</maturityDt>
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        <name>WASHINGTON ST HSG FIN COMMISSI</name>
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        <title>Washington State Housing Finance Commission</title>
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        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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        <name>TOLEDO OH</name>
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        <name>OROVILLE CA UNION HIGH SCH DIS</name>
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        <name>SNAKE RIVER SPORTING CLUB IMPT</name>
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        <name>CHICAGO IL MIDWAY ARPT REVENUE</name>
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        <name>DENTON TX INDEP SCH DIST</name>
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          <maturityDt>2039-08-15</maturityDt>
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        <name>LEHIGH CNTY PA GEN PURPOSE HOS</name>
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        <name>MIAMI-DADE CNTY FL SEAPORT REV</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MOUNT HOUSTON ROAD TX MUNI UTI</name>
        <lei>N/A</lei>
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        <cusip>621645KP4</cusip>
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          <isin value="US621645KP45"/>
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        <curCd>USD</curCd>
        <valUSD>436666.19000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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        <cusip>504396HD7</cusip>
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          <isin value="US504396HD76"/>
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        <curCd>USD</curCd>
        <valUSD>2029932.72000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>VIROQUA WI AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Viroqua Area School District</title>
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          <isin value="US92824CFE93"/>
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        <curCd>USD</curCd>
        <valUSD>1461614.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp</title>
        <cusip>649519FF7</cusip>
        <identifiers>
          <isin value="US649519FF71"/>
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        <balance>1480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1454700.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CMNTY CLG DIS</name>
        <lei>N/A</lei>
        <title>San Francisco Community College District</title>
        <cusip>797683KJ7</cusip>
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          <isin value="US797683KJ77"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3259779.90000000</valUSD>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARK 70 CO MET DIST</name>
        <lei>N/A</lei>
        <title>Park 70 Metropolitan District</title>
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          <isin value="US70014RAP29"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>444355.02000000</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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST MUNI PWR AGY REVENUE</name>
        <lei>N/A</lei>
        <title>Texas Municipal Power Agency</title>
        <cusip>882555ZT5</cusip>
        <identifiers>
          <isin value="US882555ZT57"/>
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        <balance>1345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1290288.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST CONVENTION CENTER</name>
        <lei>N/A</lei>
        <title>New York Convention Center Development Corp</title>
        <cusip>649451HS3</cusip>
        <identifiers>
          <isin value="US649451HS33"/>
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        <balance>4400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2883085.04000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
        <lei>N/A</lei>
        <title>Fort Bend County Municipal Utility District No 134B</title>
        <cusip>34683LHW9</cusip>
        <identifiers>
          <isin value="US34683LHW90"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>414438.28000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <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>794574.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL TRANSIT AUTH SALES</name>
        <lei>N/A</lei>
        <title>Chicago Transit Authority Sales Tax Receipts Fund</title>
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          <isin value="US16772PCF18"/>
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        <balance>4700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4421656.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 489</title>
        <cusip>41423LCZ7</cusip>
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          <isin value="US41423LCZ76"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>427147.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>RIVERSIDE CNTY CA TRANSPRTN CO</name>
        <lei>5493003G0IESJS57M350</lei>
        <title>Riverside County Transportation Commission</title>
        <cusip>76912DCG1</cusip>
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          <isin value="US76912DCG16"/>
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        <balance>2592000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1946478.21000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-06-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SANGAMON CNTY IL SCH DIST #186</name>
        <lei>N/A</lei>
        <title>Sangamon County School District No 186 Springfield</title>
        <cusip>800766PY7</cusip>
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          <isin value="US800766PY75"/>
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          <maturityDt>2050-06-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>MONTGOMERY CNTY TX MUNI UTILIT</name>
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        <title>Montgomery County Municipal Utility District No 99</title>
        <cusip>61370WKN2</cusip>
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          <isin value="US61370WKN29"/>
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        <balance>1260000.00000000</balance>
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          <maturityDt>2029-09-01</maturityDt>
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        <name>ALABAMA ST UNIV REVENUE</name>
        <lei>549300JCR3DWTI08FS98</lei>
        <title>Alabama State University</title>
        <cusip>010632QN0</cusip>
        <identifiers>
          <isin value="US010632QN00"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2172363.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
        <cusip>820418AC5</cusip>
        <identifiers>
          <isin value="US820418AC52"/>
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        <balance>1655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1797811.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>OHIO ST PRIVATE ACTIVITY REVEN</name>
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      <invstOrSec>
        <name>OAK GROVE CA SCH DIST</name>
        <lei>N/A</lei>
        <title>Oak Grove School District</title>
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          <isin value="US6712054E92"/>
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        <curCd>USD</curCd>
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          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>VIRIDIAN TX MUNI MGMT DIST</name>
        <lei>N/A</lei>
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          <isin value="US92823PKL93"/>
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        <curCd>USD</curCd>
        <valUSD>736669.31000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>SALT LAKE CITY UT ARPT REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US795576LC93"/>
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        <curCd>USD</curCd>
        <valUSD>2149654.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TWIN RIVERS CA UNIF SCH DIST</name>
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          <isin value="US90171TDG22"/>
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        <curCd>USD</curCd>
        <valUSD>984182.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>DENTON TX INDEP SCH DIST</name>
        <lei>5493005I9W678SUI0Z07</lei>
        <title>Denton Independent School District</title>
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          <isin value="US249002HH21"/>
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        <curCd>USD</curCd>
        <valUSD>2228095.20000000</valUSD>
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          <maturityDt>2040-08-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AUBREY TX SPL ASSMNT</name>
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          <isin value="US050197BE19"/>
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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>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRANDON SD WTR SURCHARGE REVEN</name>
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          <isin value="US10530AAQ85"/>
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        <balance>1470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1481959.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <isin value="US41430ECZ43"/>
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        <curCd>USD</curCd>
        <valUSD>864899.36000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MOUNT HOUSTON ROAD TX MUNI UTI</name>
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          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>SAVANNAH GEORGIA CONVENTION CT</name>
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          <isin value="US804828AX97"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>JOLIET IL</name>
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          <isin value="US479754NR08"/>
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        <valUSD>4025256.38000000</valUSD>
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        <debtSec>
          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isin value="US13078RJE18"/>
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          <maturityDt>2054-05-15</maturityDt>
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          <isin value="US56042R8J43"/>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>CALIFORNIA CMNTY CHOICE FING A</name>
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          <isin value="US13013JFS06"/>
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        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
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        <name>PENNSYLVANIA ST ECON DEV FING</name>
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          <isin value="US70868YAT64"/>
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          <maturityDt>2042-06-30</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAND RAPIDS MI PUBLIC SCHS</name>
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          <isin value="US386280PZ89"/>
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          <maturityDt>2028-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST PWR AUTH GREEN TRA</name>
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          <isin value="US65000XBQ25"/>
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        <balance>1000000.00000000</balance>
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        <name>OSCEOLA CNTY FL TRANSPRTN REVE</name>
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        <name>LAFAYETTE LA UTILITIES REVENUE</name>
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        <name>SHAWANO WI ELEC SYS REVENUE</name>
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          <isin value="US820418AF83"/>
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          <maturityDt>2043-05-01</maturityDt>
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          <annualizedRt>4.55000000</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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        <curCd>USD</curCd>
        <valUSD>819570.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>CUYAHOGA CNTY OH HOSP REVENUE</name>
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          <isin value="US2322655J35"/>
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        <curCd>USD</curCd>
        <valUSD>507309.00000000</valUSD>
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        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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          <isin value="US79467BCX10"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DOUGLAS CNTY NE SCH DIST #10</name>
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          <isin value="US2593092S07"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-15</maturityDt>
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        <name>S WSTRN IL DEV AUTH REV</name>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTILITY</name>
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          <isin value="US34682BDV80"/>
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        <name>CASTLE OAKS CO MET DIST #3</name>
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        <name>WORCESTER MA</name>
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        <name>KANKAKEE IL</name>
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        <name>WASHINGTON CA UNIF SCH DIST YO</name>
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        <name>CHICAGO IL BRD OF EDU DEDICATE</name>
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        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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        <name>NASSAU CNTY NY</name>
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          <maturityDt>2047-04-01</maturityDt>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
        <lei>N/A</lei>
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          <isin value="US52109HQB23"/>
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          <maturityDt>2039-03-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
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        <title>Wayne County Airport Authority</title>
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        <curCd>USD</curCd>
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          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>OMAHA NE ARPT AUTH</name>
        <lei>N/A</lei>
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          <isin value="US681725NL76"/>
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        <curCd>USD</curCd>
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          <maturityDt>2054-12-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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          <isin value="US79467BEL53"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEST DES MOINES IA</name>
        <lei>N/A</lei>
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          <isin value="US952531JE21"/>
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        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <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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      <invstOrSec>
        <name>BURBANK GLENDALE PASADENA CA A</name>
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          <isin value="US120827DX54"/>
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        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
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          <maturityDt>2040-09-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>NEWPORT OR</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <maturityDt>2042-10-01</maturityDt>
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      <invstOrSec>
        <name>TRAILS AT CROWFOOT MET DIST #3</name>
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        <title>Trails at Crowfoot Metropolitan District No 3</title>
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          <isin value="US89286RAR93"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WILLIAMSON CNTY TX MUNI UTILIT</name>
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          <isin value="US97001TCP49"/>
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          <maturityDt>2044-08-15</maturityDt>
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        <name>WILL CNTY IL SCH DIST #114 MAN</name>
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        <name>TULPEHOCKEN PA SCH DIST</name>
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        <name>GREEN OH LOCAL SCH DIST SUMMIT</name>
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        <name>SUFFOLK VA</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF WTR &amp; P</name>
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      <invstOrSec>
        <name>GEORGETOWN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ALABAMA ST UNIV REVENUE</name>
        <lei>549300JCR3DWTI08FS98</lei>
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          <isin value="US010632QP57"/>
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      <invstOrSec>
        <name>RIVER ISLANDS CA PUBLIC FING A</name>
        <lei>N/A</lei>
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          <isin value="US76827QGR83"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <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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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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          <isin value="US504396HF25"/>
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        <name>SHREVEPORT LA</name>
        <lei>N/A</lei>
        <title>City of Shreveport LA</title>
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          <isin value="US8254346M00"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UMATILLA CNTY OR SCH DIST #6 R</name>
        <lei>N/A</lei>
        <title>Umatilla County School District No 6R Umatilla</title>
        <cusip>904115FH0</cusip>
        <identifiers>
          <isin value="US904115FH01"/>
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        <curCd>USD</curCd>
        <valUSD>1228870.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <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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        <curCd>USD</curCd>
        <valUSD>1079398.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>TRI-CREEK IN 2002 HIGH SCH BLD</name>
        <lei>N/A</lei>
        <title>Tri-Creek 2002 High School Building Corp</title>
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          <isin value="US89556GJF37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>RENO NV CAPITAL IMPT REVENUE</name>
        <lei>549300M4R5WWSUWY8D52</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QLY60"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILADELPHIA PA ARPT REVENUE</name>
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        <title>City of Philadelphia PA Airport Revenue</title>
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          <isin value="US717817XV73"/>
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          <maturityDt>2039-07-01</maturityDt>
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        <name>ILLINOIS ST</name>
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          <isin value="US4521526M81"/>
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          <maturityDt>2045-05-01</maturityDt>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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          <isin value="US19645UPZ11"/>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</title>
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          <isin value="US592643DQ06"/>
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        <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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        <name>ALLEGHENY CNTY PA ARPT AUTH AR</name>
        <lei>N/A</lei>
        <title>Allegheny County Airport Authority</title>
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          <isin value="US01728LGY20"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MONTGOMERY CNTY PA HGR EDU &amp; H</name>
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          <isin value="US613603K329"/>
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        <curCd>USD</curCd>
        <valUSD>983012.37000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>KANSAS CITY MO MUNI ASSISTANCE</name>
        <lei>N/A</lei>
        <title>Kansas City Municipal Assistance Corp</title>
        <cusip>485052RL0</cusip>
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          <isin value="US485052RL06"/>
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        <balance>1720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1693507.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CINCO S W TX MUNI UTILITY DIST</name>
        <lei>N/A</lei>
        <title>Cinco Southwest Municipal Utility District No 1</title>
        <cusip>17240FWY2</cusip>
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          <isin value="US17240FWY23"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>579450.82000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZK5</cusip>
        <identifiers>
          <isin value="US665245ZK51"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>393223.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JACKSON CNTY MO SCH DIST HICKM</name>
        <lei>N/A</lei>
        <title>Hickman Mills C-1 School District/MO</title>
        <cusip>46741RDD6</cusip>
        <identifiers>
          <isin value="US46741RDD61"/>
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        <balance>1960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2132754.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>544532BM5</cusip>
        <identifiers>
          <isin value="US544532BM56"/>
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        <balance>1085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1123229.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
        <lei>N/A</lei>
        <title>Lazy Nine Municipal Utility District No 1B</title>
        <cusip>52109HKK8</cusip>
        <identifiers>
          <isin value="US52109HKK85"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>834895.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BALTIC SD SCH DIST #49-1</name>
        <lei>N/A</lei>
        <title>Baltic School District No 49-1</title>
        <cusip>058827EZ5</cusip>
        <identifiers>
          <isin value="US058827EZ53"/>
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        <balance>3080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3262277.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <cusip>820418AG6</cusip>
        <identifiers>
          <isin value="US820418AG66"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>750964.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 457</title>
        <cusip>41423KJF6</cusip>
        <identifiers>
          <isin value="US41423KJF66"/>
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        <balance>1670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1540413.51000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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        <title>Chicago O'Hare International Airport</title>
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          <isin value="US1675934E92"/>
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        <balance>1470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1584628.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLARK CNTY NV SCH DIST</name>
        <lei>N/A</lei>
        <title>Clark County School District</title>
        <cusip>181059U20</cusip>
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          <isin value="US181059U200"/>
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        <balance>1425000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <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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        <fairValLevel>2</fairValLevel>
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        <name>MIAMI-DADE CNTY FL SEAPORT REV</name>
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          <isin value="US59335KDJ34"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
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          <isin value="US709224Q284"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TEXAS ST TECH CLG SYS FING SYS</name>
        <lei>N/A</lei>
        <title>Texas State Technical College</title>
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          <isin value="US88276RFG20"/>
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        <balance>1015000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SAN MATEO CALIF SPL TAX</name>
        <lei>N/A</lei>
        <title>City of San Mateo CA</title>
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          <isin value="US79901PCX42"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUT</name>
        <lei>549300QRKDYVNHT1OE86</lei>
        <title>Indiana Housing &amp; Community Development Authority</title>
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          <isin value="US45505T2X88"/>
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        <name>NEW YORK ST CONVENTION CENTER</name>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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          <maturityDt>2045-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MORNINGSTAR RANCH MUNI UTIL DI</name>
        <lei>N/A</lei>
        <title>Morningstar Ranch Municipal Utility District No 1 of Parker County</title>
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          <isin value="US61771KDY73"/>
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        <curCd>USD</curCd>
        <valUSD>417547.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
        <lei>N/A</lei>
        <title>Kaufman County Municipal Utility District No 3</title>
        <cusip>48620ABX3</cusip>
        <identifiers>
          <isin value="US48620ABX37"/>
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        <balance>1415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1429685.44000000</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>2046-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority</title>
        <cusip>837151U49</cusip>
        <identifiers>
          <isin value="US837151U492"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>649314.84000000</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>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ALABAMA ST PORT AUTH DOCKS FAC</name>
        <lei>N/A</lei>
        <title>State of Alabama Docks Department</title>
        <cusip>010604BZ8</cusip>
        <identifiers>
          <isin value="US010604BZ80"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2269810.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FOOTHILL-DE ANZA CA CMNTY CLG</name>
        <lei>N/A</lei>
        <title>Foothill-De Anza Community College District</title>
        <cusip>345102JA6</cusip>
        <identifiers>
          <isin value="US345102JA62"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>957089.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
        <lei>54930034DVH6W22T1E86</lei>
        <title>Pittsburgh Water &amp; Sewer Authority</title>
        <cusip>725304WU9</cusip>
        <identifiers>
          <isin value="US725304WU94"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1508718.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAVENPORT IA CMNTY SCH DISTS S</name>
        <lei>N/A</lei>
        <title>Davenport Community School District Infrastructure Sales Services &amp; Use Tax</title>
        <cusip>23841QBN6</cusip>
        <identifiers>
          <isin value="US23841QBN60"/>
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        <balance>3395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3350461.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EL PASO CNTY TX HOSP DIST</name>
        <lei>N/A</lei>
        <title>El Paso County Hospital District</title>
        <cusip>283590JA6</cusip>
        <identifiers>
          <isin value="US283590JA64"/>
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        <balance>4230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4486813.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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"/>
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        <balance>1665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1871854.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority</title>
        <cusip>837151T25</cusip>
        <identifiers>
          <isin value="US837151T254"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2229381.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</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>CHICAGO IL BRD OF EDU</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>Chicago Board of Education</title>
        <cusip>167505EC6</cusip>
        <identifiers>
          <isin value="US167505EC66"/>
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        <balance>1075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1098908.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIV OF SOUTH ALABAMA AL UNIV</name>
        <lei>549300U394SOV3NGG049</lei>
        <title>University of South Alabama</title>
        <cusip>914845UZ3</cusip>
        <identifiers>
          <isin value="US914845UZ30"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2643624.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPRINGFIELD IL ELEC REVENUE</name>
        <lei>N/A</lei>
        <title>City of Springfield IL Electric Revenue</title>
        <cusip>850578UJ2</cusip>
        <identifiers>
          <isin value="US850578UJ21"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1890158.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SONTERRA TX MUNI UTILITY DIST</name>
        <lei>549300CYX166OF9KQU91</lei>
        <title>Sonterra Municipal Utility District</title>
        <cusip>83569BNX8</cusip>
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          <isin value="US83569BNX81"/>
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        <balance>1055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>805745.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANGAMON &amp; CHRISTIAN CNTYS IL</name>
        <lei>N/A</lei>
        <title>Sangamon &amp; Christian Counties Community Unit School District No 3A Rochester</title>
        <cusip>800722GT1</cusip>
        <identifiers>
          <isin value="US800722GT19"/>
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        <balance>1590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1687889.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COMAL CNTY TX WTR CONTROL &amp; IM</name>
        <lei>N/A</lei>
        <title>Comal County Water Control &amp; Improvement District No 6</title>
        <cusip>199819HD8</cusip>
        <identifiers>
          <isin value="US199819HD82"/>
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        <balance>1980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1771542.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN CENTER DIST WI TAX R</name>
        <lei>N/A</lei>
        <title>Wisconsin Center District</title>
        <cusip>976595EU8</cusip>
        <identifiers>
          <isin value="US976595EU85"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>726109.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp</title>
        <cusip>041807FD5</cusip>
        <identifiers>
          <isin value="US041807FD58"/>
        </identifiers>
        <balance>3190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3409486.67000000</valUSD>
        <pctVal>0.976990326393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</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>FONTANA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Fontana Unified School District</title>
        <cusip>344640WD5</cusip>
        <identifiers>
          <isin value="US344640WD56"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1724444.50000000</valUSD>
        <pctVal>0.494140543128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</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>1125949.00000000</valUSD>
        <pctVal>0.322641320375</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>SIENNA PLANTATION TX MUNI UTIL</name>
        <lei>N/A</lei>
        <title>Sienna Municipal Utility District No 5</title>
        <cusip>82621VGZ5</cusip>
        <identifiers>
          <isin value="US82621VGZ58"/>
        </identifiers>
        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>437293.55000000</valUSD>
        <pctVal>0.125306713149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</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 CITY NY INDL DEV AGY</name>
        <lei>549300XR20ZR5DHL9534</lei>
        <title>New York City Industrial Development Agency</title>
        <cusip>64971PKK0</cusip>
        <identifiers>
          <isin value="US64971PKK02"/>
        </identifiers>
        <balance>1265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>963685.10000000</valUSD>
        <pctVal>0.276144508401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
        <lei>N/A</lei>
        <title>Sacramento City Unified School District/CA</title>
        <cusip>785870R57</cusip>
        <identifiers>
          <isin value="US785870R578"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2736626.00000000</valUSD>
        <pctVal>0.784181722276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-01</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>AUBREY TX</name>
        <lei>N/A</lei>
        <title>City of Aubrey TX</title>
        <cusip>050177JY1</cusip>
        <identifiers>
          <isin value="US050177JY11"/>
        </identifiers>
        <balance>2160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1875877.27000000</valUSD>
        <pctVal>0.537533688698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp</title>
        <cusip>650116GX8</cusip>
        <identifiers>
          <isin value="US650116GX81"/>
        </identifiers>
        <balance>3450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3471795.38000000</valUSD>
        <pctVal>0.994844922352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-30</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>2025-12-22</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>
</edgarSubmission>
