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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NIAGARA FALLS NY CITY SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US653420MW63"/>
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        <valUSD>748503.50000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW BRITAIN CT</name>
        <lei>549300MERJSUOPGAV271</lei>
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        <cusip>642714BN8</cusip>
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          <isin value="US642714BN81"/>
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        <curCd>USD</curCd>
        <valUSD>322132.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
        <lei>N/A</lei>
        <title>Providence Public Building Authority</title>
        <cusip>74381MBK0</cusip>
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          <isin value="US74381MBK09"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>332216.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STATE PUBLIC SCH BLDG AUTH PA</name>
        <lei>5493006JN0UR7OGWTO86</lei>
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          <isin value="US85732TCS96"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>909238.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ST LOUIS MO MUNI LIBRARY DIST</name>
        <lei>N/A</lei>
        <title>St Louis Municipal Library District</title>
        <cusip>85236UAM2</cusip>
        <identifiers>
          <isin value="US85236UAM27"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>491454.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLOUCESTER CNTY NJ IMPT AUTH</name>
        <lei>N/A</lei>
        <title>Gloucester County Improvement Authority/The</title>
        <cusip>37970PKA9</cusip>
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          <isin value="US37970PKA92"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>310238.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OYSTER BAY NY</name>
        <lei>N/A</lei>
        <title>Town of Oyster Bay NY</title>
        <cusip>692160RG1</cusip>
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          <isin value="US692160RG11"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65770.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
        <lei>N/A</lei>
        <title>City of Bozeman MT</title>
        <cusip>103707BH7</cusip>
        <identifiers>
          <isin value="US103707BH73"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116328.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST SPL OBLG DEDI</name>
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        <title>Commonwealth of Massachusetts</title>
        <cusip>576002BH1</cusip>
        <identifiers>
          <isin value="US576002BH15"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>710376.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIAGARA FALLS NY CITY SCH DIST</name>
        <lei>N/A</lei>
        <title>Niagara Falls City School District</title>
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          <isin value="US653424DG37"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221918.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LA SALLE CNTY TX</name>
        <lei>N/A</lei>
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          <isin value="US504678CL54"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>628115.00000000</valUSD>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WAUKEGAN IL WTR &amp; SWR REVENUE</name>
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        <cusip>943011LA2</cusip>
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          <isin value="US943011LA29"/>
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        <balance>485000.00000000</balance>
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        <valUSD>540910.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-30</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ABAG CA FIN AUTH FOR NONPROFIT</name>
        <lei>549300EWVCCTI6O2KU84</lei>
        <title>Abag Finance Authority for Nonprofit Corps</title>
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          <isin value="US00037CWV89"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2030-09-02</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HAYWARD CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Hayward Unified School District</title>
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          <isin value="US421290Z598"/>
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        <balance>210000.00000000</balance>
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        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>NEWARK NJ</name>
        <lei>5493008RBPM01QHRYX34</lei>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>OYSTER BAY NY</name>
        <lei>N/A</lei>
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        <balance>65000.00000000</balance>
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          <maturityDt>2026-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>LINCOLN CA SPL TAX</name>
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          <isin value="US533042JU21"/>
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        <balance>525000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-09-01</maturityDt>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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        <title>State of Illinois</title>
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          <isin value="US452227NH06"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>806760.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>CUYAHOGA CNTY OH HOSP REVENUE</name>
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      <invstOrSec>
        <name>SHARP CNTY AR SALES &amp; USE TAX</name>
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          <isin value="US819890AN41"/>
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          <maturityDt>2034-03-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>PUBLIC FIN AUTH WI STUDENT HSG</name>
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          <isin value="US74439YDQ17"/>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTH DAKOTA ST BRD OF HGR EDU</name>
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          <maturityDt>2044-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CARPENTERSVILLE IL</name>
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          <isin value="US144303MA95"/>
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        <curCd>USD</curCd>
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          <maturityDt>2029-12-30</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NEW BRITAIN CT</name>
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        <name>SANGER CA UNIF SCH DIST</name>
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        <name>DALLAS CNTY AL</name>
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        <name>FOND DU LAC WI SCH DIST</name>
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        <name>Town of Speedway IN Sewage Works Revenue</name>
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        <name>WINDHAM CT</name>
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        <name>COOK CNTY IL SCH DIST #111 BUR</name>
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        <name>WINDHAM CT</name>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <name>MISSISSIPPI DEV BK SPL OBLIG</name>
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      <invstOrSec>
        <name>JACKSON CNTY OR SCH DIST #6 CE</name>
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        <name>STATE PUBLIC SCH BLDG AUTH PA</name>
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          <maturityDt>2021-06-01</maturityDt>
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        <name>CLEAR LAKE TX CITY WTR AUTH</name>
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          <isin value="US1845765B80"/>
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          <maturityDt>2025-03-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>NORTHLAKE TX MUNI MGMT DIST #1</name>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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        <name>LEWIS IA CMNTY SCH DIST SCH IN</name>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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          <isin value="US52109HJS31"/>
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          <maturityDt>2022-09-01</maturityDt>
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      <invstOrSec>
        <name>LEBANON PA AUTH SWR REVENUE</name>
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        <name>UNIV OF CENTRAL ARKANSAS AR RE</name>
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        <name>PLAQUEMINE LA SALES &amp; USE TAX</name>
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        <name>BASS LAKE CA JT UNION ELEM SCH</name>
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        <name>Town of Speedway IN Sewage Works Revenue</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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      <invstOrSec>
        <name>PITTSBURGH &amp; ALLEGHENY CNTY PA</name>
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      <invstOrSec>
        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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      <invstOrSec>
        <name>SAN JUAN CA UNIF SCH DIST</name>
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          <isin value="US798306EK85"/>
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        <valUSD>987650.00000000</valUSD>
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        <debtSec>
          <maturityDt>2023-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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          <isin value="US767000EE87"/>
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        <curCd>USD</curCd>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <curCd>USD</curCd>
        <valUSD>819721.00000000</valUSD>
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          <maturityDt>2035-09-01</maturityDt>
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      <invstOrSec>
        <name>COOK CNTY IL TWP HIGH SCH DIST</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
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          <maturityDt>2032-07-15</maturityDt>
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        <name>SAINT MARY PARISH LA SOL WST S</name>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NAPA VLY CA UNIF SCH DIST</name>
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          <isin value="US630362EF47"/>
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          <maturityDt>2044-08-01</maturityDt>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US649902AU72"/>
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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>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>GADSDEN AL</name>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ONTARIO CA MONTCLAIR SCH DIST</name>
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        <title>Ontario Montclair School District</title>
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          <isin value="US683119BU46"/>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>S SANGAMON IL WTR COMMISSION</name>
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          <maturityDt>2032-01-01</maturityDt>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
        <lei>N/A</lei>
        <title>Providence Public Building Authority</title>
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          <isin value="US74381MCP86"/>
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          <maturityDt>2035-09-15</maturityDt>
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        <name>MOUNT PLEASANT WI TAX INCR REV</name>
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        <name>NTHRN IL UNIV</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
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          <isin value="US665245YM27"/>
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        <name>GRAND RIVER CO HOSP DIST</name>
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        <name>GUADALUPE CA UNION SCH DIST</name>
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        <name>SYRACUSE NY</name>
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          <isin value="US8717027E02"/>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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      <invstOrSec>
        <name>SAND CREEK CO MET DIST</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAINT LOUIS MO MUNI FIN CORP</name>
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        <title>St Louis Municipal Finance Corp</title>
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          <isin value="US79165TUC34"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>594320.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>VANPORT TWP PA MUNI AUTH SWR R</name>
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          <isin value="US92209NAT28"/>
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        <curCd>USD</curCd>
        <valUSD>147536.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>RENO NV CAPITAL IMPT REVENUE</name>
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          <isin value="US759831CU24"/>
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        <curCd>USD</curCd>
        <valUSD>319831.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WARRIOR RIVER AL WTR AUTH WTRR</name>
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        <title>Warrior River Water Authority</title>
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          <isin value="US936268JV48"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLEVELAND OH PUBLIC PWR SYS RE</name>
        <lei>N/A</lei>
        <title>Cleveland Department of Public Utilities Division of Public Power</title>
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          <isin value="US186398MC41"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>436421.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIOUX CENTER IA CMNTY SCH DIST</name>
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        <title>Sioux Center Community School District</title>
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          <isin value="US829438HD51"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>335846.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
        <lei>N/A</lei>
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        <name>RIVERSIDE CNTY CA REDEV SUCCES</name>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>HEMET CA UNIF SCH DIST</name>
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      <invstOrSec>
        <name>PASSAIC VLY NJ SEWAGE COMMISSI</name>
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      <invstOrSec>
        <name>CLOVIS CA UNIF SCH DIST</name>
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          <isin value="US189342G367"/>
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      <invstOrSec>
        <name>DETROIT MI SWR DISP SYS REVENU</name>
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          <isin value="US251237G982"/>
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          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>ALABASTER AL BRD OF EDU SPL TA</name>
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          <isin value="US010663AB87"/>
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        <curCd>USD</curCd>
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          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>STONE PARK IL</name>
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          <isin value="US861700EU24"/>
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          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHICAGO IL PARK DIST</name>
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          <isin value="US167615B934"/>
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      <invstOrSec>
        <name>City of El Cerrito CA</name>
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          <isin value="US28286PAU49"/>
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      <invstOrSec>
        <name>MADERA CNTY CA PUBLIC FING AUT</name>
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          <isin value="US55646FAS92"/>
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          <maturityDt>2037-10-01</maturityDt>
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        <name>SCHENECTADY NY</name>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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        <name>Bethel Local School District</name>
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        <name>Los Angeles Unified School District/CA</name>
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        <name>GRANDVILLE MI PUBLIC SCH DIST</name>
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        <name>PIEDMONT SC MUNI PWR AGY ELEC</name>
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        <name>NEW BRITAIN CT</name>
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        <name>WSTRN IL UNIV</name>
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          <maturityDt>2027-09-01</maturityDt>
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        <name>HARTFORD CT</name>
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          <isin value="US416415GV38"/>
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        <valUSD>70686.60000000</valUSD>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SAINT LOUIS MO ARPT REVENUE</name>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>OYSTER BAY NY</name>
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        <name>SANTA RITA CA UNION SCH DIST</name>
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        <name>COMPTON CA UNIF SCH DIST COPS</name>
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        <name>GALVESTON CNTY TX MUNI UTILITY</name>
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        <name>Centennial Independent School District No 12</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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          <maturityDt>2024-07-01</maturityDt>
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      <invstOrSec>
        <name>NORTH POCONO PA SCH DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ROSEVILLE CA JT UNION HIGH SCH</name>
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          <isin value="US777857AL77"/>
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        <curCd>USD</curCd>
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          <maturityDt>2035-06-01</maturityDt>
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      <invstOrSec>
        <name>HARRIS CNTY-HOUSTON TX SPORTS</name>
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          <isin value="US413890CZ54"/>
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        <curCd>USD</curCd>
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          <maturityDt>2025-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PHENIX CITY AL BRD OF EDU SCHO</name>
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          <isin value="US717335CC58"/>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CHICAGO IL BRD OF EDU</name>
        <lei>54930099NR6T9V7LVB43</lei>
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          <isin value="US167505UC82"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>613330.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>EUCLID OH CITY SCH DIST COPS</name>
        <lei>N/A</lei>
        <title>Euclid City School District</title>
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          <isin value="US298048AG48"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198152.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>COACHELLA VLY CA UNIF SCH DIST</name>
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        <title>Coachella Valley Unified School District/CA</title>
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          <isin value="US189849HL95"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>OXNARD CA SCH DIST</name>
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        <title>Oxnard School District</title>
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          <isin value="US692020RF95"/>
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        <curCd>USD</curCd>
        <valUSD>329259.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Morgantown Utility Board Inc</name>
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          <maturityDt>2024-12-01</maturityDt>
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        <name>SUFFOLK CNTY NY</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Broome County Local Development Corp</name>
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        <name>SUSANVILLE CA NATURAL GAS REVE</name>
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        <name>Morgantown Utility Board Inc</name>
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        <name>CRAWFORD IL HOSP DIST</name>
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        <name>UNIV OF SOUTH ALABAMA AL UNIV</name>
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      <invstOrSec>
        <name>Morgantown Utility Board Inc</name>
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      <invstOrSec>
        <name>CASINO REINVESTMENT DEV AUTH N</name>
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        <curCd>USD</curCd>
        <valUSD>564290.00000000</valUSD>
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      <invstOrSec>
        <name>MATAGORDA CNTY TX NAV DISRICT</name>
        <lei>N/A</lei>
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          <isin value="US57652TAV98"/>
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        <curCd>USD</curCd>
        <valUSD>712386.00000000</valUSD>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>S W HOUSTON TX REDEV AUTH TAX</name>
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          <isin value="US845045BR37"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>518728.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEWTON IA</name>
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          <isin value="US652810C832"/>
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        <curCd>USD</curCd>
        <valUSD>504610.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>SANGAMON LOGAN &amp; MENARD CNTYS</name>
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        <title>Sangamon Logan &amp; Menard Counties Community Unit School Dist No 15 Williamsville</title>
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          <isin value="US800783FN79"/>
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        <curCd>USD</curCd>
        <valUSD>1227780.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59259RWQ37"/>
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        <curCd>USD</curCd>
        <valUSD>1104880.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</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>BEACON POINT CO MET DIST</name>
        <lei>N/A</lei>
        <title>Beacon Point Metropolitan District</title>
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          <isin value="US07367LAQ86"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108552.00000000</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>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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        <title>Oneida County Local Development Corp</title>
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          <isin value="US682440BH45"/>
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        <curCd>USD</curCd>
        <valUSD>286790.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>GRAND RIVER CO HOSP DIST</name>
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        <title>Grand River Hospital District</title>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>SEASIDE OR TRANSIENT LODGING T</name>
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        <name>MACON CNTY IL SCH DIST #61</name>
        <lei>N/A</lei>
        <title>Macon County School District No 61 Decatur</title>
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          <maturityDt>2021-01-01</maturityDt>
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        <name>NEW ORLEANS LA AVIATION BRD SP</name>
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        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
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        <name>S WSTRN CA CMNTY CLG DIST</name>
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        <name>HERONS GLEN FL RECREATION DIST</name>
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        <name>NEW HAVEN CT</name>
        <lei>549300U4OHEAZ124LQ06</lei>
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        <name>CALIFORNIA ST MUNI FIN AUTH LO</name>
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      <invstOrSec>
        <name>HOUSTON TX WTR &amp; SWR SYS REVEN</name>
        <lei>N/A</lei>
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          <isin value="US4424365Q05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>LOS ANGELES CNTY CA MET TRANSP</name>
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        <title>Los Angeles County Metropolitan Transportation Authority</title>
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          <isin value="US54466HJN70"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-01</maturityDt>
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      <invstOrSec>
        <name>UNIV OF WEST ALABAMA AL UNIV R</name>
        <lei>N/A</lei>
        <title>University of West Alabama</title>
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          <isin value="US915235EQ44"/>
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        <valUSD>397698.00000000</valUSD>
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          <maturityDt>2041-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTH DAKOTA ST BRD OF HGR EDU</name>
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          <isin value="US65888UNL34"/>
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        <curCd>USD</curCd>
        <valUSD>341365.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREATER OUACHITA WTR CO INC LA</name>
        <lei>N/A</lei>
        <title>Greater Ouachita Water Co</title>
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          <isin value="US392276AS06"/>
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        <curCd>USD</curCd>
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          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>CHICAGO IL PARK DIST</name>
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          <isin value="US167615C924"/>
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        <curCd>USD</curCd>
        <valUSD>1109870.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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        <title>Rhode Island Health and Educational Building Corp</title>
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          <isin value="US762196SZ73"/>
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        <curCd>USD</curCd>
        <valUSD>456354.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
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          <isin value="US59261AD382"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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        <title>Pennsylvania Turnpike Commission</title>
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          <isin value="US709223XA40"/>
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        <balance>750000.00000000</balance>
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        <valUSD>949980.00000000</valUSD>
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          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>HAZLE TWP PA MUNI AUTH SWR REV</name>
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        <title>Hazle Township Municipal Authority</title>
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          <isin value="US421793AT71"/>
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        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
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          <maturityDt>2025-12-01</maturityDt>
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        <name>BELLEVUE CA UNION SCH DIST</name>
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          <maturityDt>2035-08-01</maturityDt>
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        <name>Imperial Community College District</name>
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        <name>CAMBRIA CNTY PA</name>
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        <name>UNIV OF CENTRAL ARKANSAS AR RE</name>
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        <name>SAINT LOUIS MO ARPT REVENUE</name>
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        <name>RIO GRANDE CITY TX</name>
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        <name>NEW YORK ST CONVENTION CENTER</name>
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        <name>TEXAS ST TURNPIKE AUTH CENTRL</name>
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        <name>POUDRE CO TECH MET DIST UNLTD</name>
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        <name>Fidelity Treasury Only Portfolio</name>
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          <isin value="US2338093006"/>
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        <name>PORT NEW ORLEANS LA BRD OF COM</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
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        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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        <name>Montgomery &amp; Macoupin Counties Community Unit School District No 12 Litchfield</name>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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        <name>INDIANA ST BOND BANK REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALTOONA IA</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>332918.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GRANDVILLE MI PUBLIC SCH DIST</name>
        <lei>N/A</lei>
        <title>Grandville Public Schools</title>
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          <isin value="US386892RM74"/>
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        <curCd>USD</curCd>
        <valUSD>292216.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>DIXON CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Dixon Unified School District</title>
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          <isin value="US255651KR17"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>717196.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LEWIS IA CMNTY SCH DIST SCH IN</name>
        <lei>N/A</lei>
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          <isin value="US528012AW73"/>
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        <curCd>USD</curCd>
        <valUSD>556074.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp</title>
        <cusip>79467BCX1</cusip>
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          <isin value="US79467BCX10"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>454947.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WASHINGTON CNTY IL CMNTY UNITS</name>
        <lei>N/A</lei>
        <title>Washington County Community Unit School Dist No 10 West Washington</title>
        <cusip>937659CY4</cusip>
        <identifiers>
          <isin value="US937659CY47"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>847605.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN LEANDRO CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>San Leandro Unified School District</title>
        <cusip>798458TB1</cusip>
        <identifiers>
          <isin value="US798458TB10"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>659184.75000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
        <lei>N/A</lei>
        <title>Finance Authority of Maine</title>
        <cusip>56042TAW8</cusip>
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          <isin value="US56042TAW80"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184851.45000000</valUSD>
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        <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>5.00000000</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>BOYNTON BEACH FL UTILITY SYS R</name>
        <lei>N/A</lei>
        <title>City of Boynton beach FL Utility System Revenue</title>
        <cusip>103580DZ6</cusip>
        <identifiers>
          <isin value="US103580DZ63"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223739.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>LAZY NINE TX MUNI UTILITY DIST</name>
        <lei>N/A</lei>
        <title>Lazy Nine Municipal Utility District No 1B</title>
        <cusip>52109HJR5</cusip>
        <identifiers>
          <isin value="US52109HJR57"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>183681.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RIPON CA REDEV AGY SUCCESSOR A</name>
        <lei>N/A</lei>
        <title>Ripon Redevelopment Agency Successor Agency</title>
        <cusip>767491AE3</cusip>
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          <isin value="US767491AE38"/>
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        <curCd>USD</curCd>
        <valUSD>465636.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LELAND MI PUBLIC SCH DIST</name>
        <lei>N/A</lei>
        <title>Leland Public School District</title>
        <cusip>525516FG0</cusip>
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          <isin value="US525516FG00"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>686046.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEATHERFORD TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Weatherford Independent School District</title>
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          <isin value="US947134YT34"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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          <isin value="US767000EZ17"/>
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        <balance>115000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>WAUKEGAN IL WTR &amp; SWR REVENUE</name>
        <lei>N/A</lei>
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        <cusip>943011KK1</cusip>
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          <isin value="US943011KK10"/>
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        <balance>125000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-30</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VIRIDIAN TX MUNI MGMT DIST</name>
        <lei>N/A</lei>
        <title>Viridian Municipal Management District</title>
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          <isin value="US92823PKS47"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>455169.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N TX TOLLWAY AUTH REVENUE</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority</title>
        <cusip>66285WBU9</cusip>
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          <isin value="US66285WBU99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>880770.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <maturityDt>2023-07-01</maturityDt>
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        <name>OYSTER BAY NY</name>
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        <name>MARYLAND ST TRANSPRTN AUTH PAS</name>
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        <name>HILLSBOROUGH CNTY FL SCH BRD S</name>
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        <name>TROY AL</name>
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        <name>DUARTE CA UNIF SCH DIST</name>
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      <invstOrSec>
        <name>MASSACHUSETTS ST TURNPIKE AUTH</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-01-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>ALTOONA IA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>OYSTER BAY NY</name>
        <lei>N/A</lei>
        <title>Town of Oyster Bay NY</title>
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        <curCd>USD</curCd>
        <valUSD>1281189.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>CRAWFORD IL HOSP DIST</name>
        <lei>N/A</lei>
        <title>Crawford Hospital District</title>
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          <isin value="US225022CJ95"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>763101.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>GTR JOHNSTOWN PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US392023LR67"/>
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        <curCd>USD</curCd>
        <valUSD>178266.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>SOUTH WHITTIER CA SCH DIST</name>
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          <isin value="US840704HF04"/>
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        <curCd>USD</curCd>
        <valUSD>240987.05000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>RENO NV CAPITAL IMPT REVENUE</name>
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          <isin value="US759831CQ12"/>
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        <curCd>USD</curCd>
        <valUSD>900747.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>VAUXMONT MET DIST CO</name>
        <lei>549300M7XL6MB0OW8D56</lei>
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          <isin value="US92242SAL79"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>156790.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BELLEVUE WA CONVENTION CENTER</name>
        <lei>N/A</lei>
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          <isin value="US079369CU68"/>
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        <balance>530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>520465.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VAUXMONT MET DIST CO</name>
        <lei>549300M7XL6MB0OW8D56</lei>
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        <cusip>92242SAM5</cusip>
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          <isin value="US92242SAM52"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>179428.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>GROSSMONT CA HLTHCARE DIST</name>
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          <isin value="US399223AZ97"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>803680.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PUERTO RICO CMWLTH</name>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>S W HOUSTON TX REDEV AUTH TAX</name>
        <lei>N/A</lei>
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          <isin value="US845045BP70"/>
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          <maturityDt>2030-09-01</maturityDt>
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        <name>COATESVILLE PA AREA SCH DIST</name>
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          <maturityDt>2023-08-01</maturityDt>
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        <name>CRAWFORD IL HOSP DIST</name>
        <lei>N/A</lei>
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          <isin value="US225022CH30"/>
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        <name>GADSDEN AL</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-08-01</maturityDt>
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        <name>GRAND JUNCTION CO REGL ARPT AU</name>
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      <invstOrSec>
        <name>WILLIAMSBURG CNTY SC PUBLIC FA</name>
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          <isin value="US969544AW50"/>
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        <balance>625000.00000000</balance>
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      <invstOrSec>
        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
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      <invstOrSec>
        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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          <isin value="US103707BG90"/>
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      <invstOrSec>
        <name>TERRE HAUTE IN SANTN DIST</name>
        <lei>N/A</lei>
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          <isin value="US881100CT64"/>
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      <invstOrSec>
        <name>OCEANSIDE CA UNIF SCH DIST</name>
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        <title>Oceanside Unified School District/CA</title>
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          <isin value="US675383JN42"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223518.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>KLICKITAT CNTY WA PUBLIC UTILI</name>
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          <isin value="US498622KD07"/>
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        <curCd>USD</curCd>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH STUDENT</name>
        <lei>N/A</lei>
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        <cusip>04052VAJ9</cusip>
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          <isin value="US04052VAJ98"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CALEXICO CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Calexico Unified School District/CA</title>
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          <isin value="US129577GM81"/>
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        <balance>390000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>BILOXI MS PUBLIC SCH DIST</name>
        <lei>549300ENUCIW8U18U266</lei>
        <title>Biloxi Public School District</title>
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          <isin value="US09025PEZ53"/>
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        <balance>270000.00000000</balance>
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        <valUSD>309020.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-01</maturityDt>
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        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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          <isin value="US488224DN31"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
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      <invstOrSec>
        <name>EUCLID OH CITY SCH DIST COPS</name>
        <lei>N/A</lei>
        <title>Euclid City School District</title>
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          <isin value="US298048AS85"/>
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        <balance>400000.00000000</balance>
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        <valUSD>461232.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13049YCM12"/>
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        <name>BIBB CNTY AL BRD EDU SPL TAX S</name>
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          <isin value="US08867MBB19"/>
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          <maturityDt>2035-04-01</maturityDt>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US6461355T61"/>
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          <maturityDt>2023-12-15</maturityDt>
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        <name>TERRE HAUTE IN SANTN DIST</name>
        <lei>N/A</lei>
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        <name>ERIE PA SWR AUTH</name>
        <lei>N/A</lei>
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          <maturityDt>2035-12-01</maturityDt>
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        <name>MASSACHUSETTS ST</name>
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        <title>Commonwealth of Massachusetts</title>
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          <isin value="US57582NYY56"/>
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          <maturityDt>2028-08-01</maturityDt>
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        <name>BNC MET DIST #1 CO</name>
        <lei>N/A</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
        <lei>N/A</lei>
        <title>Madison-Macoupin Etc Counties Community College District No 536/IL</title>
        <cusip>557738NG2</cusip>
        <identifiers>
          <isin value="US557738NG21"/>
        </identifiers>
        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194172.80000000</valUSD>
        <pctVal>0.113922257813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MISSISSIPPI ST DEV BANK SPL OB</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>Mississippi Development Bank</title>
        <cusip>60534WZA9</cusip>
        <identifiers>
          <isin value="US60534WZA97"/>
        </identifiers>
        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>574774.60000000</valUSD>
        <pctVal>0.337223443065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG BRANCH NJ BRD OF EDU</name>
        <lei>N/A</lei>
        <title>Long Branch Board of Education</title>
        <cusip>542624BV2</cusip>
        <identifiers>
          <isin value="US542624BV25"/>
        </identifiers>
        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>337342.35000000</valUSD>
        <pctVal>0.197920626204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTH HOUSTON DEV CORP TX TAX</name>
        <lei>N/A</lei>
        <title>Greater Greenspoint Redevelopment Authority</title>
        <cusip>660027AQ6</cusip>
        <identifiers>
          <isin value="US660027AQ67"/>
        </identifiers>
        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>376915.50000000</valUSD>
        <pctVal>0.221138412613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIAMI FL PKG SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Miami FL Parking System Revenue</title>
        <cusip>593461BV7</cusip>
        <identifiers>
          <isin value="US593461BV73"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1154940.00000000</valUSD>
        <pctVal>0.677609698364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CUPERTINO CA UNION SCH DIST</name>
        <lei>N/A</lei>
        <title>Cupertino Union School District</title>
        <cusip>231237WK0</cusip>
        <identifiers>
          <isin value="US231237WK06"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>323312.00000000</valUSD>
        <pctVal>0.189688942107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST KERN CA CMNTY CLG DIST CO</name>
        <lei>N/A</lei>
        <title>West Kern Community College District</title>
        <cusip>953544ED1</cusip>
        <identifiers>
          <isin value="US953544ED12"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>667266.00000000</valUSD>
        <pctVal>0.391488660007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOMERSET PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Somerset Area School District</title>
        <cusip>834889QL4</cusip>
        <identifiers>
          <isin value="US834889QL47"/>
        </identifiers>
        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>458043.75000000</valUSD>
        <pctVal>0.268736806479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp</title>
        <cusip>762196JQ7</cusip>
        <identifiers>
          <isin value="US762196JQ75"/>
        </identifiers>
        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134279.20000000</valUSD>
        <pctVal>0.078782350778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</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>EAST ORANGE NJ</name>
        <lei>N/A</lei>
        <title>City of East Orange NJ</title>
        <cusip>274137R59</cusip>
        <identifiers>
          <isin value="US274137R596"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>141553.75000000</valUSD>
        <pctVal>0.083050369577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PARAMOUNT CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Paramount Unified School District</title>
        <cusip>699211MY1</cusip>
        <identifiers>
          <isin value="US699211MY18"/>
        </identifiers>
        <balance>640000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>475302.40000000</valUSD>
        <pctVal>0.278862552077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIBB CNTY AL BRD EDU SPL TAX S</name>
        <lei>N/A</lei>
        <title>Bibb County Board of Education</title>
        <cusip>08867MBD7</cusip>
        <identifiers>
          <isin value="US08867MBD74"/>
        </identifiers>
        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>532546.60000000</valUSD>
        <pctVal>0.312448041448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
        <lei>N/A</lei>
        <title>City of Bozeman MT</title>
        <cusip>103707BC8</cusip>
        <identifiers>
          <isin value="US103707BC86"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50829.50000000</valUSD>
        <pctVal>0.029821949333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CICERO IL</name>
        <lei>N/A</lei>
        <title>Town of Cicero IL</title>
        <cusip>171646SD5</cusip>
        <identifiers>
          <isin value="US171646SD53"/>
        </identifiers>
        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>587978.75000000</valUSD>
        <pctVal>0.344970391043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIPON CA REDEV AGY SUCCESSOR A</name>
        <lei>N/A</lei>
        <title>Ripon Redevelopment Agency Successor Agency</title>
        <cusip>767491AM5</cusip>
        <identifiers>
          <isin value="US767491AM53"/>
        </identifiers>
        <balance>835000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>987078.55000000</valUSD>
        <pctVal>0.579124455406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHEROKEE CO MET DIST WTR &amp; WST</name>
        <lei>N/A</lei>
        <title>Cherokee Metropolitan District/CO</title>
        <cusip>16415TBS9</cusip>
        <identifiers>
          <isin value="US16415TBS96"/>
        </identifiers>
        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>810992.25000000</valUSD>
        <pctVal>0.475813647374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
        <title>City of Long Beach NY</title>
        <cusip>542519BX0</cusip>
        <identifiers>
          <isin value="US542519BX05"/>
        </identifiers>
        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>428910.00000000</valUSD>
        <pctVal>0.251643873902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2020-12-22</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ 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>
