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        <name>BALDWIN PARK CA UNIF SCH DIST</name>
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        <name>SAN YSIDRO CA SCH DIST</name>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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          <maturityDt>2035-09-15</maturityDt>
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        <name>HARRIS CNTY-HOUSTON TX SPORTS</name>
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          <isin value="US413890CZ54"/>
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          <maturityDt>2025-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MOUNT PLEASANT WI TAX INCR REV</name>
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        <name>NEW BRITAIN CT</name>
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        <name>SAINT LUCIE CNTY FL SCH DIST S</name>
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        <name>PORT SAINT LUCIE FL UTILITY RE</name>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <title>Macon County School District No 61 Decatur</title>
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        <name>SALES TAX SECURITIZATION CORP</name>
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          <maturityDt>2037-01-01</maturityDt>
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        <name>TULSA OK ARPTS IMPT TRUST</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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        <name>SONOMA CNTY CA CMNTY REDEV AGY</name>
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        <name>CATASAUQUA PA AREA SCH DIST</name>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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        <name>EL CENTRO CA REDEV AGY SUCCESS</name>
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        <name>UTAH ST TRANSIT AUTH SALES TAX</name>
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      <invstOrSec>
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          <maturityDt>2024-02-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>INDIANA ST BOND BANK REVENUE</name>
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          <isin value="US454624Y278"/>
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          <maturityDt>2022-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>RENSSELAER CITY NY SCH DIST CO</name>
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          <maturityDt>2027-06-01</maturityDt>
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        <name>UNION CITY NJ</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CITY OF YONKERS NY</name>
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          <maturityDt>2026-02-15</maturityDt>
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        <name>ROSEVILLE CA JT UNION HIGH SCH</name>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>DELAWARE CNTY PA REGL WTR QUAL</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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        <name>SPEEDWAY IN SWR WKS REVENUE</name>
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          <maturityDt>2023-09-01</maturityDt>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <name>CRYSTAL VLY CO MET DIST #2</name>
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        <name>TERRE HAUTE IN SANTN DIST</name>
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        <name>WAUKEGAN IL WTR &amp; SWR REVENUE</name>
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        <name>NEW YORK ST CONVENTION CENTERD</name>
        <lei>N/A</lei>
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          <isin value="US649451HU88"/>
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      <invstOrSec>
        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
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          <isin value="US825485WN19"/>
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      <invstOrSec>
        <name>MASSACHUSETTS ST SPL OBLG DEDI</name>
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          <isin value="US576002BH15"/>
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        <curCd>USD</curCd>
        <valUSD>713772.00000000</valUSD>
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          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>GADSDEN AL</name>
        <lei>N/A</lei>
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          <isin value="US362460VR50"/>
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        <curCd>USD</curCd>
        <valUSD>419242.45000000</valUSD>
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        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>GRANDVILLE MI PUBLIC SCH DIST</name>
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          <isin value="US386892RM74"/>
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        <curCd>USD</curCd>
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          <maturityDt>2037-05-01</maturityDt>
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          <isin value="US653424DF53"/>
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        <name>CAMDEN CNTY NJ IMPT AUTH REVEN</name>
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          <isin value="US13281NYG14"/>
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        <name>CLOVIS CA UNIF SCH DIST</name>
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        <title>Clovis Unified School District</title>
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          <isin value="US189342G367"/>
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        <name>WAVERLY TWP MUNI AUTH PA LEASE</name>
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        <title>Waverly Township Municipal Authority</title>
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          <isin value="US944007AG87"/>
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        <name>LEWIS IA CMNTY SCH DIST SCH IN</name>
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          <isin value="US528012AW73"/>
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        <name>ALLENTOWN PA SCH DIST</name>
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          <isin value="US018471LW01"/>
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        <name>NEW YORK ST THRUWAY AUTH GEN R</name>
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          <isin value="US650010CM10"/>
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        <name>RIVERSIDE CNTY CA REDEV SUCCES</name>
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        <name>YUBA CITY CA UNIF SCH DIST</name>
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        <name>SEASIDE OR TRANSIENT LODGING T</name>
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        <name>RIVERSIDE CNTY CA CMNTY FACS D</name>
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        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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        <name>LANCASTER PA HGR EDU AUTH</name>
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      <invstOrSec>
        <name>SAINT LOUIS MO ARPT REVENUE</name>
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        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
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          <isin value="US825485XK60"/>
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          <maturityDt>2033-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>RAMPART RANGE CO MET DIST #1 L</name>
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          <isin value="US75157TAA79"/>
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          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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          <maturityDt>2036-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>SUFFOLK CNTY NY</name>
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          <maturityDt>2027-05-01</maturityDt>
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        <name>RACINE WI WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Racine WI Waterworks System Revenue</title>
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          <isin value="US750055MV45"/>
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      <invstOrSec>
        <name>East Orange Board Of Education</name>
        <lei>N/A</lei>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>DETROIT MI SWR DISP SYS REVENU</name>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>SALINAS VLY CA SOL WST AUTH</name>
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          <maturityDt>2026-08-01</maturityDt>
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        <name>MISSISSIPPI DEV BK SPL OBLIG</name>
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        <title>Mississippi Development Bank</title>
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          <maturityDt>2024-02-01</maturityDt>
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        <name>GRAND RIVER CO HOSP DIST</name>
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          <isin value="US386448EQ33"/>
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        <name>NEW HAVEN CT</name>
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        <name>DIXON CA UNIF SCH DIST</name>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <name>TULARE CA LOCAL HLTH CARE DIST</name>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY SCHS JT PWR</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <maturityDt>2024-12-15</maturityDt>
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        <name>WASHINGTON ST</name>
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        <name>NEW YORK ST CONVENTION CENTER</name>
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        <name>BENZIE COUNTY CENTRAL SCHOOLS/MI</name>
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        <name>MANTECA CA UNIF SCH DIST</name>
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        <name>ABAG CA FIN AUTH FOR NONPROFIT</name>
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        <name>WILLIAMSPORT PA SAN AUTH</name>
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        <name>STUDENT &amp; ACADEMIC SVCS LLC AZ</name>
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        <name>SPEEDWAY IN SWR WKS REVENUE</name>
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        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.75900000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>
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          <isin value="US103580DZ63"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221751.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEWTON IA</name>
        <lei>N/A</lei>
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          <isin value="US652810C832"/>
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        <curCd>USD</curCd>
        <valUSD>503070.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAMPBELL CNTY TN</name>
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          <isin value="US134303TN60"/>
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        <curCd>USD</curCd>
        <valUSD>325136.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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        <identifiers>
          <isin value="US167501XA85"/>
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        <balance>1295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1219397.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOUSTON TX WTR &amp; SWR SYS REVEN</name>
        <lei>N/A</lei>
        <title>City of Houston TX Combined Utility System Revenue</title>
        <cusip>4424365Q0</cusip>
        <identifiers>
          <isin value="US4424365Q05"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>448605.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LA SALLE &amp; BUREAU CNTYS IL TWP</name>
        <lei>N/A</lei>
        <title>La Salle &amp; Bureau Counties Township High School District No 120 LaSalle-Peru</title>
        <cusip>504480FH2</cusip>
        <identifiers>
          <isin value="US504480FH22"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1182520.00000000</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>692160RE6</cusip>
        <identifiers>
          <isin value="US692160RE62"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76477.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN 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>670110.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <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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      <invstOrSec>
        <name>STATE PUBLIC SCH BLDG AUTH PAC</name>
        <lei>5493006JN0UR7OGWTO86</lei>
        <title>State Public School Building Authority</title>
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        <identifiers>
          <isin value="US85732MWA16"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>303251.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MADISON BOND ETC CNTYS IL CMNT</name>
        <lei>N/A</lei>
        <title>Madison Bond Etc Counties Community Unit School District No 5 Highland</title>
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          <isin value="US556627KK24"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>322758.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>
        <cusip>225022CJ9</cusip>
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          <isin value="US225022CJ95"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>786300.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>KANSAS CITY MO INDL DEV AUTH A</name>
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        <title>Kansas City Industrial Development Authority</title>
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          <isin value="US48504NCH08"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1133340.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <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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          <isin value="US555597HZ95"/>
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          <maturityDt>2032-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MORGANTOWN WV COMB UTILITY SYS</name>
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        <title>Morgantown Utility Board Inc</title>
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          <isin value="US61759CDK18"/>
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          <maturityDt>2024-12-01</maturityDt>
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        <name>CRAWFORD IL HOSP DIST</name>
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          <isin value="US225022BW16"/>
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        <balance>345000.00000000</balance>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BENZIE COUNTY CENTRAL SCHOOLS/MI</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
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      <invstOrSec>
        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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      <invstOrSec>
        <name>COOK CNTY IL TWP HIGH SCH DIST</name>
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          <maturityDt>2040-06-01</maturityDt>
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        <name>WINDHAM CT</name>
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          <maturityDt>2032-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>OYSTER BAY NY</name>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>MET ATLANTA GA RAPID TRANSIT A</name>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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        <name>WOODFORD LASALLE LIVINGSTON ET</name>
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          <maturityDt>2025-12-01</maturityDt>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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      <invstOrSec>
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      <invstOrSec>
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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NEW JERSEY ST ECON DEV AUTH MT</name>
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          <isin value="US64578JBK16"/>
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        <curCd>USD</curCd>
        <valUSD>170352.00000000</valUSD>
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          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CALEXICO CA UNIF SCH DIST</name>
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          <isin value="US129577GL09"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
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          <maturityDt>2041-07-01</maturityDt>
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        <name>GARDEN ST PRESERVATION TRUST N</name>
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          <maturityDt>2025-11-01</maturityDt>
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        <name>NAPA VLY CA UNIF SCH DIST</name>
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        <name>BEAUMONT CA PUBLIC IMPT AUTH W</name>
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        <name>CHELAN CNTY WA PUBLIC UTILITY</name>
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        <name>RED OAK IA CMNTY SCH DIST</name>
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      <invstOrSec>
        <name>COMPTON CA UNIF SCH DIST COPS</name>
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        <name>MADERA CNTY CA PUBLIC FING AUT</name>
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        <name>MATAGORDA CNTY TX NAV DISRICT</name>
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          <maturityDt>2031-02-01</maturityDt>
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        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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        <name>OMRO WI SCH DIST</name>
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        <name>BIBB CNTY AL BRD EDU SPL TAX S</name>
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        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
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        <name>LEE CNTY FL TRANSPRTN FAC REVE</name>
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        <name>MEDFORD OR HOSP FACS AUTH REVE</name>
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        <name>OMRO WI SCH DIST</name>
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      <invstOrSec>
        <name>KENTUCKY ST ASSET/LIABILITY CO</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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        <name>EMPIRE CA UNION SCH DIST SPL T</name>
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          <maturityDt>2032-10-01</maturityDt>
          <couponKind>None</couponKind>
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        <curCd>USD</curCd>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>N TX TOLLWAY AUTH REVENUE</name>
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          <isin value="US66285WBU99"/>
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        <valUSD>916450.00000000</valUSD>
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        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>NEW BRITAIN CT</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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          <isin value="US592248BC11"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US646136TM34"/>
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        <curCd>USD</curCd>
        <valUSD>470750.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>POUDRE CO TECH MET DIST UNLTD</name>
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        <curCd>USD</curCd>
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          <maturityDt>2032-12-01</maturityDt>
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        <name>ALABASTER AL BRD OF EDU SPL TA</name>
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        <name>HARTFORD CT</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US646136TQ48"/>
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      <invstOrSec>
        <name>RIO GRANDE CITY TX</name>
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      <invstOrSec>
        <name>JEFFERSON DAVIS PARISH LA WTR</name>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AD382"/>
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        <name>LANCASTER CA FING AUTH REVENUE</name>
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          <isin value="US51378CBB54"/>
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          <maturityDt>2044-06-01</maturityDt>
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      <invstOrSec>
        <name>SCHENECTADY NY</name>
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          <maturityDt>2023-05-01</maturityDt>
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      <invstOrSec>
        <name>CALCASIEU PARISH LA SCH DIST #</name>
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          <maturityDt>2028-09-01</maturityDt>
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        <name>UNIV OF WEST ALABAMA AL UNIV R</name>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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          <maturityDt>2021-07-01</maturityDt>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>BILOXI MS PUBLIC SCH DIST</name>
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        <name>UKIAH CA UNIF SCH DIST</name>
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          <maturityDt>2027-11-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EL CERRITO CA SALES TAX REVENU</name>
        <lei>N/A</lei>
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          <isin value="US28286PAU49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AMBRIDGE PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Ambridge Area School District</title>
        <cusip>023362PF7</cusip>
        <identifiers>
          <isin value="US023362PF75"/>
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        <curCd>USD</curCd>
        <valUSD>702880.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MADISON BOND ETC CNTYS IL CMNT</name>
        <lei>N/A</lei>
        <title>Madison Bond Etc Counties Community Unit School District No 5 Highland</title>
        <cusip>556627KH9</cusip>
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          <isin value="US556627KH94"/>
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        <curCd>USD</curCd>
        <valUSD>1026370.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
        <cusip>709223XA4</cusip>
        <identifiers>
          <isin value="US709223XA40"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>954187.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MUNCIE IN SANTN DIST REVENUE</name>
        <lei>N/A</lei>
        <title>Muncie Sanitary District</title>
        <cusip>625847DR6</cusip>
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          <isin value="US625847DR64"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142041.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990GH54</cusip>
        <identifiers>
          <isin value="US64990GH544"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>591620.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</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>
        <identifiers>
          <isin value="US525516FG00"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>698583.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNION CNTY IL</name>
        <lei>N/A</lei>
        <title>County of Union IL</title>
        <cusip>906179EF9</cusip>
        <identifiers>
          <isin value="US906179EF93"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>424184.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PLAQUEMINE LA SALES &amp; USE TAX</name>
        <lei>N/A</lei>
        <title>City of Plaquemine LA</title>
        <cusip>727510EK1</cusip>
        <identifiers>
          <isin value="US727510EK11"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>815122.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTH SYRACUSE NY CENTRL SCH D</name>
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        <title>North Syracuse Central School District</title>
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          <isin value="US662735LH07"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95968.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITY OF YONKERS NY</name>
        <lei>N/A</lei>
        <title>CITY OF YONKERS NY</title>
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          <isin value="US986082F911"/>
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        <balance>825000.00000000</balance>
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        <valUSD>1006178.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PUERTO RICO CMWLTH</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
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          <isin value="US74514LD200"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505492.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
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          <isin value="US6461355T61"/>
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        <balance>340000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-12-15</maturityDt>
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        <name>PUBLIC FIN AUTH WI STUDENT HSG</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74439YDQ17"/>
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        <balance>800000.00000000</balance>
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      <invstOrSec>
        <name>UTAH ST TRANSIT AUTH SALES TAX</name>
        <lei>N/A</lei>
        <title>Utah Transit Authority</title>
        <cusip>917565EU3</cusip>
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          <isin value="US917565EU36"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WSTRN CAROLINA NC UNIV</name>
        <lei>N/A</lei>
        <title>Western Carolina University</title>
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          <isin value="US957897JL60"/>
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        <balance>550000.00000000</balance>
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        <valUSD>669124.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>TERRE HAUTE IN SANTN DIST</name>
        <lei>N/A</lei>
        <title>Terre Haute Sanitation District</title>
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          <isin value="US881100CT64"/>
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        <balance>205000.00000000</balance>
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        <valUSD>248052.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PASSAIC VLY NJ SEWAGE COMMISSI</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CITY OF YONKERS NY</name>
        <lei>N/A</lei>
        <title>CITY OF YONKERS NY</title>
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        <curCd>USD</curCd>
        <valUSD>320774.80000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <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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        <curCd>USD</curCd>
        <valUSD>467728.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NIAGARA FALLS NY CITY SCH DIST</name>
        <lei>N/A</lei>
        <title>Niagara Falls City School District</title>
        <cusip>653424DG3</cusip>
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          <isin value="US653424DG37"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221594.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW ORLEANS LA SEWAGE SVC REVE</name>
        <lei>N/A</lei>
        <title>City of New Orleans LA Sewerage Service Revenue</title>
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        <identifiers>
          <isin value="US647719PQ03"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>392320.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HERONS GLEN FL RECREATION DIST</name>
        <lei>N/A</lei>
        <title>Herons Glen Recreation District</title>
        <cusip>427747BG4</cusip>
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          <isin value="US427747BG46"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214510.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</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>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615C92</cusip>
        <identifiers>
          <isin value="US167615C924"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1207750.00000000</valUSD>
        <pctVal>0.325214468711</pctVal>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOMERSET PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Somerset Area School District</title>
        <cusip>834889QL4</cusip>
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          <isin value="US834889QL47"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>455183.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DARIEN-WOODRIDGE IL FIRE PROTD</name>
        <lei>N/A</lei>
        <title>Darien-Woodridge Fire Protection District</title>
        <cusip>237238DR8</cusip>
        <identifiers>
          <isin value="US237238DR81"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111072.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WOODLAND CA JT UNIF SCH DIST C</name>
        <lei>N/A</lei>
        <title>Woodland Joint Unified School District</title>
        <cusip>979544DL4</cusip>
        <identifiers>
          <isin value="US979544DL42"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>408586.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RACINE WI WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Racine WI Waterworks System Revenue</title>
        <cusip>750055MX0</cusip>
        <identifiers>
          <isin value="US750055MX01"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326362.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGANTOWN WV COMB UTILITY SYS</name>
        <lei>N/A</lei>
        <title>Morgantown Utility Board Inc</title>
        <cusip>61759CDL9</cusip>
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          <isin value="US61759CDL90"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>376200.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAND JUNCTION CO REGL ARPT AU</name>
        <lei>N/A</lei>
        <title>Grand Junction Regional Airport Authority</title>
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          <isin value="US385785AG57"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>609735.00000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KLICKITAT CNTY WA PUBLIC UTILI</name>
        <lei>N/A</lei>
        <title>Klickitat County Public Utility District No 1</title>
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        <identifiers>
          <isin value="US498622KD07"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>887557.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>RIPON CA REDEV AGY SUCCESSOR A</name>
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        <title>Ripon Redevelopment Agency Successor Agency</title>
        <cusip>767491AE3</cusip>
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          <isin value="US767491AE38"/>
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        <balance>380000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SUMMERFIELD LEBANON MASCOUTAH</name>
        <lei>N/A</lei>
        <title>Summerfield Lebanon Mascoutah Water Commission St Clair County</title>
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          <isin value="US865659AH92"/>
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          <maturityDt>2026-04-01</maturityDt>
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      <invstOrSec>
        <name>YONKERS NY</name>
        <lei>N/A</lei>
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          <isin value="US986082A540"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WARREN MI CONSOL SCH DIST</name>
        <lei>N/A</lei>
        <title>Warren Consolidated Schools</title>
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          <isin value="US935341C969"/>
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        <balance>280000.00000000</balance>
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        <valUSD>296150.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2022-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WOODLAND CA JT UNIF SCH DIST C</name>
        <lei>N/A</lei>
        <title>Woodland Joint Unified School District</title>
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          <isin value="US979544DM25"/>
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        <balance>300000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WILL CNTY IL CMNTY UNIT SCH DI</name>
        <lei>N/A</lei>
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          <isin value="US969003QV73"/>
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        <valUSD>577540.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SANGAMON LOGAN &amp; MENARD CNTYS</name>
        <lei>N/A</lei>
        <title>Sangamon Logan &amp; Menard Counties Community Unit School Dist No 15 Williamsville</title>
        <cusip>800783FN7</cusip>
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          <isin value="US800783FN79"/>
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        <curCd>USD</curCd>
        <valUSD>1249860.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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="US386892RQ88"/>
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        <curCd>USD</curCd>
        <valUSD>241360.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST SALES TAX REVENUE</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452226P80</cusip>
        <identifiers>
          <isin value="US452226P801"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199960.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990G4E9</cusip>
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          <isin value="US64990G4E94"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>185900.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RENO NV CAPITAL IMPT REVENUE</name>
        <lei>549300M4R5WWSUWY8D52</lei>
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          <isin value="US759831CU24"/>
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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>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CRAWFORD IL HOSP DIST</name>
        <lei>N/A</lei>
        <title>Crawford Hospital District</title>
        <cusip>225022CH3</cusip>
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          <isin value="US225022CH30"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>353967.00000000</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>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LYNWOOD CA UNIF SCH DIST COPS</name>
        <lei>N/A</lei>
        <title>Lynwood Unified School District/CA</title>
        <cusip>551802CM1</cusip>
        <identifiers>
          <isin value="US551802CM12"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319838.40000000</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>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLE VLY CA PUBLIC FING AUTH</name>
        <lei>N/A</lei>
        <title>Apple Valley Public Financing Authority</title>
        <cusip>03787QAM7</cusip>
        <identifiers>
          <isin value="US03787QAM78"/>
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        <balance>3050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3706177.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>S W HOUSTON TX REDEV AUTH TAX</name>
        <lei>N/A</lei>
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          <isin value="US845045BR37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VANPORT TWP PA MUNI AUTH SWR R</name>
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        <title>Vanport Township Municipal Authority</title>
        <cusip>92209NAT2</cusip>
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          <isin value="US92209NAT28"/>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>ONEIDA CO NY LOCA 3 12/44</name>
        <lei>N/A</lei>
        <title>ONEIDA CO NY LOCA 3 12/44</title>
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          <isin value="US682440BL56"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WSTRN CAROLINA NC UNIV</name>
        <lei>N/A</lei>
        <title>Western Carolina University</title>
        <cusip>957897JK8</cusip>
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          <isin value="US957897JK87"/>
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        <balance>500000.00000000</balance>
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        <valUSD>609970.00000000</valUSD>
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        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CITY OF YONKERS NY</name>
        <lei>N/A</lei>
        <title>CITY OF YONKERS NY</title>
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          <isin value="US986082H404"/>
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        <balance>280000.00000000</balance>
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        <valUSD>300272.00000000</valUSD>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CALIFORNIA STWD CMNTYS DEV AUT</name>
        <lei>549300KTNI2GCJNX2U48</lei>
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        <cusip>13080SQL1</cusip>
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          <isin value="US13080SQL15"/>
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          <maturityDt>2026-08-01</maturityDt>
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        <name>CLOVERDALE CA UNIF SCH DIST</name>
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          <isin value="US189184HQ02"/>
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      <invstOrSec>
        <name>GETTYSBURG PA MUNI AUTH SWR RE</name>
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          <isin value="US374316GS00"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GETTYSBURG PA MUNI AUTH WTR RE</name>
        <lei>N/A</lei>
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        <cusip>374334FR6</cusip>
        <identifiers>
          <isin value="US374334FR67"/>
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        <name>CASTLE OAKS CO MET DIST #3</name>
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        <name>S SANGAMON IL WTR COMMISSION</name>
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      <invstOrSec>
        <name>GADSDEN AL</name>
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      <invstOrSec>
        <name>GUADALUPE CA UNION SCH DIST</name>
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        <name>NEW YORK CITY NY INDL DEV AGY</name>
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          <maturityDt>2029-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MISSISSIPPI DEV BK SPL OBLIG</name>
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        <name>LA JOYA TX INDEP SCH DIST</name>
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      <invstOrSec>
        <name>CLARK CNTY NV SCH DIST</name>
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        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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        <name>HEMET CA UNIF SCH DIST</name>
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        <name>CATASAUQUA PA AREA SCH DIST</name>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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      <invstOrSec>
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        <name>CITY OF DANA POINT CA</name>
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        <name>Imperial Community College District</name>
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      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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      <invstOrSec>
        <name>BRISTOL BORO PA SCH DIST</name>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
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          <isin value="US04184RBS85"/>
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      <invstOrSec>
        <name>COACHELLA VLY CA UNIF SCH DIST</name>
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          <isin value="US189849HL95"/>
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          <maturityDt>2037-08-01</maturityDt>
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      <invstOrSec>
        <name>SOUTH SLOANS LAKE MET DIST #2</name>
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          <isin value="US84039TAN54"/>
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        <name>PUERTO RICO CMWLTH</name>
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      <invstOrSec>
        <name>SAN YSIDRO CA SCH DIST</name>
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        <title>San Ysidro School District</title>
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        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <title>Macon County School District No 61 Decatur</title>
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          <maturityDt>2037-12-01</maturityDt>
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        <name>SAINT LOUIS MO MUNI FIN CORP</name>
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          <isin value="US79165TUC34"/>
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        <name>MOUNTAIN HOUSE CA PUBLIC FING</name>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>ABAG CA FIN AUTH FOR NONPROFIT</name>
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        <name>VIRIDIAN TX MUNI MGMT DIST</name>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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        <name>BNC MET DIST #1 CO</name>
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        <name>GARDEN GROVE CA AGY CMNTY DEV</name>
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        <name>SANGER CA UNIF SCH DIST</name>
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      <invstOrSec>
        <name>CARROLLTON GA PAYROLL DEV AUTH</name>
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          <isin value="US145339LU97"/>
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        <curCd>USD</curCd>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WILL CNTY IL CMNTY UNIT SCH DI</name>
        <lei>N/A</lei>
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          <isin value="US969003QX30"/>
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        <curCd>USD</curCd>
        <valUSD>551548.80000000</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>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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          <isin value="US785870VM51"/>
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        <curCd>USD</curCd>
        <valUSD>238604.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LANCASTER PA SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>514383WT1</cusip>
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          <isin value="US514383WT16"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42192.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PASSAIC VLY NJ SEWAGE COMMISSI</name>
        <lei>N/A</lei>
        <title>Passaic Valley Sewerage Commission</title>
        <cusip>702826JW9</cusip>
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          <isin value="US702826JW97"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120816.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</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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      <invstOrSec>
        <name>RACINE WI WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Racine WI Waterworks System Revenue</title>
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        <identifiers>
          <isin value="US750055MF94"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>629560.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH STUDENT</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052VAK6</cusip>
        <identifiers>
          <isin value="US04052VAK61"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>284942.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST ECON DEV AUTH MT</name>
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        <title>New Jersey Economic Development Authority</title>
        <cusip>64578JAY2</cusip>
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          <isin value="US64578JAY29"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1672125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PALM BAY FL</name>
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          <isin value="US696463BK34"/>
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        <curCd>USD</curCd>
        <valUSD>1248034.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</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>
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          <isin value="US692160SS40"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1022257.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONROE CNTY NY</name>
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          <maturityDt>2022-06-01</maturityDt>
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      <invstOrSec>
        <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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        <name>BIBB CNTY AL BRD EDU SPL TAX S</name>
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          <isin value="US08867MBB19"/>
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        <name>BALDWIN PARK CA UNIF SCH DIST</name>
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          <isin value="US058219NB80"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>JEFFERSON DAVIS PARISH LA WTR</name>
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          <isin value="US474043AR70"/>
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          <maturityDt>2039-12-01</maturityDt>
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        <name>PUBLIC FIN AUTH WI STUDENT HSG</name>
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          <isin value="US74439YDP34"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-07-01</maturityDt>
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        <name>BENZIE COUNTY CENTRAL SCHOOLS/MI</name>
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          <isin value="US083473FF02"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL WSTWTR TRANSMISSION</name>
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        <title>City of Chicago IL Wastewater Transmission Revenue</title>
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          <isin value="US167727HP45"/>
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        <balance>345000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>646136TH4</cusip>
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          <isin value="US646136TH49"/>
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        <balance>550000.00000000</balance>
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        <valUSD>524276.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STONE PARK IL</name>
        <lei>N/A</lei>
        <title>Village of Stone Park IL</title>
        <cusip>861700EU2</cusip>
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          <isin value="US861700EU24"/>
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        <curCd>USD</curCd>
        <valUSD>129601.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAUKEGAN IL WTR &amp; SWR REVENUE</name>
        <lei>N/A</lei>
        <title>City of Waukegan IL Water &amp; Sewer System Revenue</title>
        <cusip>943011LA2</cusip>
        <identifiers>
          <isin value="US943011LA29"/>
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        <balance>485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>559922.80000000</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>2040-12-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGANTOWN WV COMB UTILITY SYS</name>
        <lei>N/A</lei>
        <title>Morgantown Utility Board Inc</title>
        <cusip>61759CDJ4</cusip>
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          <isin value="US61759CDJ45"/>
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        <curCd>USD</curCd>
        <valUSD>309783.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>REDWOOD CITY CA REDEV AGY TAX</name>
        <lei>N/A</lei>
        <title>Redwood City Redevelopment Agency Successor Agency</title>
        <cusip>757887BM5</cusip>
        <identifiers>
          <isin value="US757887BM55"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>185621.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</title>
        <cusip>646136EN7</cusip>
        <identifiers>
          <isin value="US646136EN71"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>550884.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHARP CNTY AR SALES &amp; USE TAX</name>
        <lei>N/A</lei>
        <title>County of Sharp AR</title>
        <cusip>819890AN4</cusip>
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          <isin value="US819890AN41"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307835.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WARRIOR RIVER AL WTR AUTH WTRR</name>
        <lei>N/A</lei>
        <title>Warrior River Water Authority</title>
        <cusip>936268JV4</cusip>
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          <isin value="US936268JV48"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1169630.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILLIAMSPORT PA SAN AUTH</name>
        <lei>N/A</lei>
        <title>Williamsport Sanitary Authority</title>
        <cusip>970225EN4</cusip>
        <identifiers>
          <isin value="US970225EN44"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>659975.00000000</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>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59259RWQ3</cusip>
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          <isin value="US59259RWQ37"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>City of Arlington TX Special Tax Revenue</title>
        <cusip>04184RBE9</cusip>
        <identifiers>
          <isin value="US04184RBE99"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MERCED CA IRR DIST ELEC SYS RE</name>
        <lei>YNH41OTIRKLVV8VYX386</lei>
        <title>Merced Irrigation District</title>
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          <isin value="US587616CE12"/>
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        <balance>250000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>RENO NV CAPITAL IMPT REVENUE</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>City of Reno NV</title>
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          <isin value="US759831CQ12"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JEFFERSON DAVIS PARISH LA WTR</name>
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        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
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      <invstOrSec>
        <name>DUARTE CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Duarte Unified School District</title>
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          <maturityDt>2029-11-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>CITY OF YONKERS NY</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CITY OF HARTFORD CT</name>
        <lei>N/A</lei>
        <title>CITY OF HARTFORD CT</title>
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          <isin value="US416415HB64"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>NEW BRITAIN CT</name>
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        <name>RIVERBANK CA UNIF SCH DIST</name>
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          <isin value="US13049YCM12"/>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <name>CLEAR LAKE TX CITY WTR AUTH</name>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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        <name>ORANGE CNTY FL TOURIST DEV TAX</name>
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      <invstOrSec>
        <name>CICERO IL</name>
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      <invstOrSec>
        <name>FITZGERALD MI PUBLIC SCH DIST</name>
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        <name>NEW HAVEN CT</name>
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        <curCd>USD</curCd>
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          <maturityDt>2039-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CASTLE OAKS CO MET DIST #3</name>
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        <curCd>USD</curCd>
        <valUSD>2212784.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CITY OF YONKERS NY</name>
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          <maturityDt>2030-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>HUENEME CA ELEM SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TEXAS ST TURNPIKE AUTH CENTRL</name>
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          <isin value="US882762AT48"/>
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        <curCd>USD</curCd>
        <valUSD>885130.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>MORGAN CNTY CO QUALITY WTR DIS</name>
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          <isin value="US617112BM82"/>
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        <balance>1090000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1304893.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>RIVERSIDE CNTY CA CMNTY FACS D</name>
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        <curCd>USD</curCd>
        <valUSD>1041334.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>LAS VIRGENES CA UNIF SCH DIST</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
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        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>KANKAKEE IL</name>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH LO</name>
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        <name>TEXAS ST TURNPIKE AUTH CENTRLT</name>
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        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
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        <name>NEW ORLEANS LA SEWAGE SVC REVE</name>
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        <name>SALINAS CA UNION HIGH SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>UNION TWP NJ BRD OF EDU</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYRACUSE NY</name>
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        <name>BENZIE COUNTY CENTRAL SCHOOLS/MI</name>
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        <name>GLOUCESTER CNTY NJ IMPT AUTH</name>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>OMRO WI SCH DIST</name>
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        <name>CRANSTON RI</name>
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        <name>CITY OF CAMDEN SC COMBINED PUBLIC UTILITY SYSTEM REVENUE</name>
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          <isin value="US133159GF47"/>
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        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
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        <name>COLTON CA JT UNIF SCH DIST</name>
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        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
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          <maturityDt>2023-03-15</maturityDt>
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      <invstOrSec>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
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        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
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        <name>STATE PUBLIC SCH BLDG AUTH PAL</name>
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          <isin value="US85732GXB12"/>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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          <isin value="US64542YBA38"/>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
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        <name>CATASAUQUA PA AREA SCH DIST</name>
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        <name>HIDALGO COUNTY REGIONAL MOBILITY AUTHORITY</name>
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        <name>Centennial Independent School District No 12</name>
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        <name>LINCOLN CA SPL TAX</name>
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        <name>INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK</name>
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        <name>STATE PUBLIC SCH BLDG AUTH PA</name>
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      <invstOrSec>
        <name>DETROIT MI SWR DISP SYS REVENU</name>
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        <valUSD>510385.00000000</valUSD>
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          <maturityDt>2021-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>NORTH HOUSTON DEV CORP TX TAX</name>
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          <isin value="US660027AQ67"/>
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        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTHLAKE TX MUNI MGMT DIST #1</name>
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          <isin value="US66649TBC71"/>
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        <valUSD>206304.60000000</valUSD>
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        <debtSec>
          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BELLWOOD-ANTIS PA SCH DIST</name>
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          <isin value="US080053JJ16"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>527928.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW ORLEANS LA SEWAGE SVC REVE</name>
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          <isin value="US647719PP20"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>484508.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>PHENIX CITY AL BRD OF EDU SCHO</name>
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          <isin value="US717335CC58"/>
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        <curCd>USD</curCd>
        <valUSD>1815810.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DALLAS CNTY AL</name>
        <lei>N/A</lei>
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          <isin value="US234577FM15"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285888.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BELLWOOD-ANTIS PA SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>080053JV4</cusip>
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          <isin value="US080053JV44"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>340880.20000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>CITY OF YONKERS NY</name>
        <lei>N/A</lei>
        <title>CITY OF YONKERS NY</title>
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          <isin value="US986082J301"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1030583.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW ORLEANS LA AVIATION BRD SP</name>
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          <isin value="US64763KAD00"/>
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        <balance>1000000.00000000</balance>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US952083KS16"/>
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        <balance>565000.00000000</balance>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>REGL TRANSPRTN AUTH IL</name>
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          <isin value="US759911XS42"/>
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        <balance>155000.00000000</balance>
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          <maturityDt>2023-07-01</maturityDt>
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        <name>CALEXICO CA UNIF SCH DIST</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>CITY OF YONKERS NY</name>
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        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
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        <invCountry>US</invCountry>
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        <name>W CONTRA COSTA CA UNIF SCH DIS</name>
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        <name>LEWIS IA CMNTY SCH DIST SCH IN</name>
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        <name>NORWALK-LA MIRADA CA UNIF SCH</name>
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        <name>OCEANSIDE CA UNIF SCH DIST</name>
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          <maturityDt>2034-08-01</maturityDt>
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        <name>SOUTH WHITTIER CA SCH DIST</name>
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        <name>NEW YORK NY</name>
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        <name>KANKAKEE IL</name>
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        <name>CHICAGO IL WTRWKS REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>STATE PUBLIC SCH BLDG AUTH PA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAINT MARY PARISH LA SOL WST S</name>
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          <maturityDt>2021-08-01</maturityDt>
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        <name>LORAIN OH</name>
        <lei>N/A</lei>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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      <invstOrSec>
        <name>WASHINGTON CNTY IL CMNTY UNITS</name>
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      <invstOrSec>
        <name>MENIFEE CA UNION SCH DIST</name>
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        <name>ESTRN MICHIGAN UNIV REVENUES</name>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <lei>N/A</lei>
        <title>Erie Sewer Authority</title>
        <cusip>295533QD8</cusip>
        <identifiers>
          <isin value="US295533QD82"/>
        </identifiers>
        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>583372.00000000</valUSD>
        <pctVal>0.157086329986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</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>BELLEVUE WA CONVENTION CENTER</name>
        <lei>N/A</lei>
        <title>Bellevue Convention Center Authority</title>
        <cusip>079369CU6</cusip>
        <identifiers>
          <isin value="US079369CU68"/>
        </identifiers>
        <balance>530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>528521.30000000</valUSD>
        <pctVal>0.142316517310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</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>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>338444.00000000</valUSD>
        <pctVal>0.091133832041</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>CLEVELAND OH PUBLIC PWR SYS RE</name>
        <lei>N/A</lei>
        <title>Cleveland Department of Public Utilities Division of Public Power</title>
        <cusip>186398MC4</cusip>
        <identifiers>
          <isin value="US186398MC41"/>
        </identifiers>
        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>453693.75000000</valUSD>
        <pctVal>0.122167478256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</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>MASSACHUSETTS ST</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts</title>
        <cusip>57582NYY5</cusip>
        <identifiers>
          <isin value="US57582NYY56"/>
        </identifiers>
        <balance>415000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>558656.40000000</valUSD>
        <pctVal>0.150431086166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>S W HOUSTON TX REDEV AUTH TAX</name>
        <lei>N/A</lei>
        <title>Southwest Houston Redevelopment Authority</title>
        <cusip>845045BN2</cusip>
        <identifiers>
          <isin value="US845045BN23"/>
        </identifiers>
        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>284058.00000000</valUSD>
        <pctVal>0.076489150530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KERSHAW CNTY SC PUBLIC SCHS FN</name>
        <lei>N/A</lei>
        <title>Kershaw County Public Schools Foundation</title>
        <cusip>492508BM7</cusip>
        <identifiers>
          <isin value="US492508BM74"/>
        </identifiers>
        <balance>480000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>523713.60000000</valUSD>
        <pctVal>0.141021933496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CERES CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Ceres Unified School District</title>
        <cusip>156753MG7</cusip>
        <identifiers>
          <isin value="US156753MG72"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193558.00000000</valUSD>
        <pctVal>0.052119943808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</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>TRAVIS CNTY TX WC&amp;ID POINT VEN</name>
        <lei>N/A</lei>
        <title>Travis County Water Control &amp; Improvement District/TX</title>
        <cusip>894393FN2</cusip>
        <identifiers>
          <isin value="US894393FN25"/>
        </identifiers>
        <balance>505000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>594486.00000000</valUSD>
        <pctVal>0.160079030135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</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>WEBER BASIN UT WTR CONSERVANCY</name>
        <lei>549300FO1ZUV2HMQR857</lei>
        <title>Weber Basin Water Conservancy District</title>
        <cusip>947628GK3</cusip>
        <identifiers>
          <isin value="US947628GK38"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>715098.00000000</valUSD>
        <pctVal>0.192556585507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-04-01</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>SAN JUAN CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>San Juan Unified School District</title>
        <cusip>798306EK8</cusip>
        <identifiers>
          <isin value="US798306EK85"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>991570.00000000</valUSD>
        <pctVal>0.267003031041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-01</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>
    </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>2021-03-19</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>
  <documents>XXXX</documents>
</edgarSubmission>
