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      <invstOrSec>
        <name>EUCLID OH CITY SCH DIST COPS</name>
        <lei>N/A</lei>
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          <isin value="US298048AS85"/>
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        <curCd>USD</curCd>
        <valUSD>441402.72000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>646136V57</cusip>
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          <isin value="US646136V575"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>541185.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MEDFORD OR HOSP FACS AUTH REVE</name>
        <lei>N/A</lei>
        <title>Medford Hospital Facilities Authority</title>
        <cusip>584283HB4</cusip>
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          <isin value="US584283HB43"/>
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        <curCd>USD</curCd>
        <valUSD>3570621.11000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LA JOYA TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>La Joya Independent School District</title>
        <cusip>503462WM1</cusip>
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          <isin value="US503462WM10"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>536799.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HOUSTON TX WTR &amp; SWR SYS REVEN</name>
        <lei>N/A</lei>
        <title>City of Houston TX Combined Utility System Revenue</title>
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          <isin value="US4424365Q05"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>437070.98000000</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>INDIANAPOLIS IN LOCAL PUBLIC I</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank</title>
        <cusip>455280L96</cusip>
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          <isin value="US455280L960"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439476.98000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CASINO REINVESTMENT DEV AUTH N</name>
        <lei>N/A</lei>
        <title>Casino Reinvestment Development Authority Inc</title>
        <cusip>14760RAN1</cusip>
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          <isin value="US14760RAN17"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>541056.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EPHRATA BORO PA AUTH SWR REVEN</name>
        <lei>N/A</lei>
        <title>Ephrata Borough Authority</title>
        <cusip>294169EP8</cusip>
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          <isin value="US294169EP86"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1168029.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WARRIOR RUN PA SCH DIST MONTOU</name>
        <lei>N/A</lei>
        <title>Warrior Run School District/Montour Northumberland Union County PA</title>
        <cusip>936270HZ3</cusip>
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          <isin value="US936270HZ34"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>468996.99000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <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>576680.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>S W HOUSTON TX REDEV AUTH TAX</name>
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        <title>Southwest Houston Redevelopment Authority</title>
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          <isin value="US845045BR37"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>646136EM9</cusip>
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          <isin value="US646136EM98"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
        <cusip>416415HD2</cusip>
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          <isin value="US416415HD21"/>
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        <balance>20000.00000000</balance>
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          <maturityDt>2024-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>DETROIT MI SWR DISP SYS REVENU</name>
        <lei>N/A</lei>
        <title>City of Detroit MI Sewage Disposal System Revenue</title>
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        <identifiers>
          <isin value="US251237G982"/>
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          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>NORTHLAKE TX MUNI MGMT DIST #1</name>
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        <title>Northlake Municipal Management District No 1</title>
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          <isin value="US66649TBC71"/>
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        <name>NEW HAVEN CT</name>
        <lei>549300U4OHEAZ124LQ06</lei>
        <title>City of New Haven CT</title>
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          <isin value="US6450202E74"/>
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          <maturityDt>2027-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BENZIE CNTY MI CENTRL SCHS</name>
        <lei>N/A</lei>
        <title>Benzie County Central Schools/MI</title>
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          <isin value="US083473FG84"/>
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        <invCountry>US</invCountry>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <balance>160000.00000000</balance>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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        <name>OYSTER BAY NY</name>
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        <name>Allegheny Valley Joint Sewage Authority</name>
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          <maturityDt>2037-08-01</maturityDt>
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        <name>STUDENT &amp; ACADEMIC SVCS LLC AZ</name>
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        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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          <isin value="US74381MCP86"/>
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        <debtSec>
          <maturityDt>2035-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>GOVERNORS IL ST UNIV COPS</name>
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          <maturityDt>2023-07-01</maturityDt>
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      <invstOrSec>
        <name>MACON CNTY IL SCH DIST #61</name>
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          <isin value="US555597HU09"/>
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        <name>AMBRIDGE PA AREA SCH DIST</name>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <name>BENZIE CNTY MI CENTRL SCHS</name>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
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        <name>LELAND MI PUBLIC SCH DIST</name>
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        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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        <name>NEWARK NJ</name>
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        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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          <maturityDt>2039-01-01</maturityDt>
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      <invstOrSec>
        <name>LEWIS IA CMNTY SCH DIST SCH IN</name>
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          <maturityDt>2022-07-01</maturityDt>
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        <name>NEW YORK ST CONVENTION CENTER</name>
        <lei>N/A</lei>
        <title>New York Convention Center Development Corp</title>
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        <name>MATAGORDA CNTY TX NAV DISRICT</name>
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        <title>Matagorda County Navigation District No 1</title>
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          <maturityDt>2028-11-01</maturityDt>
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        <name>RIVERSIDE CNTY CA REDEV SUCCES</name>
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        <name>PUBLIC FIN AUTH WI STUDENT HSG</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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        <name>INDIANA ST BOND BANK REVENUE</name>
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          <maturityDt>2022-09-01</maturityDt>
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        <name>ESTRN MICHIGAN UNIV REVENUES</name>
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        <title>Eastern Michigan University</title>
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          <maturityDt>2027-03-01</maturityDt>
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        <name>KENTUCKY ST UNIV COPS</name>
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        <name>LAWRENCE CNTY SD COPS</name>
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        <name>GRAND RIVER CO HOSP DIST</name>
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        <name>HAZLE TWP PA MUNI AUTH SWR REV</name>
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        <name>BEAUMONT CA PUBLIC IMPT AUTH W</name>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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        <name>CRESTVIEW OH LOCAL SCH DIST CO</name>
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        <name>EL CENTRO CA REDEV AGY SUCCESS</name>
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        <name>EL CERRITO CA SALES TAX REVENU</name>
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        <name>LANCASTER PA HGR EDU AUTH</name>
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        <name>W CONTRA COSTA CA UNIF SCH DIS</name>
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        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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        <name>CALCASIEU PARISH LA SCH DIST #</name>
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        <name>WOODFORD LASALLE LIVINGSTON ET</name>
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        <name>NATOMAS CA UNIF SCH DIST</name>
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        <name>STATE PUBLIC SCH BLDG AUTH PAC</name>
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        <name>BUTLER PA AREA SWR AUTH</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isin value="US786795DD39"/>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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          <maturityDt>2032-12-01</maturityDt>
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          <maturityDt>2041-07-01</maturityDt>
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        <name>JACKSON MS</name>
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          <maturityDt>2025-05-01</maturityDt>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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          <maturityDt>2027-12-15</maturityDt>
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        <name>LOCAL PUBLIC SCHS FUNDING AUTH</name>
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      <invstOrSec>
        <name>TEXAS ST TURNPIKE AUTH CENTRLT</name>
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        <name>TOLOMATO FL CDD</name>
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          <isin value="US889560EJ37"/>
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          <maturityDt>2040-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>BROOME CNTY NY LOCAL DEV CORP</name>
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          <maturityDt>2045-04-01</maturityDt>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>RIVERSIDE CNTY CA CMNTY FACS D</name>
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        <name>SAN YSIDRO CA SCH DIST</name>
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        <name>STRATFORD CT</name>
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        <name>WARREN MI CONSOL SCH DIST</name>
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        <name>INDEPENDENT CITIES FIN AUTH CA</name>
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        <name>PHILADELPHIA PA SCH DIST</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CICERO IL</name>
        <lei>N/A</lei>
        <title>Town of Cicero IL</title>
        <cusip>171646SN3</cusip>
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          <isin value="US171646SN36"/>
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        <curCd>USD</curCd>
        <valUSD>1341529.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAINT MARY PARISH LA SOL WST S</name>
        <lei>N/A</lei>
        <title>Parish of St Mary LA</title>
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          <isin value="US79242RBM34"/>
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        <curCd>USD</curCd>
        <valUSD>383804.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</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>EL CERRITO CA SALES TAX REVENU</name>
        <lei>N/A</lei>
        <title>City of El Cerrito CA</title>
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          <isin value="US28286PAL40"/>
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        <balance>355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>411282.87000000</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>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
        <lei>N/A</lei>
        <title>Madison County Community Unit School District No 7 Edwardsville</title>
        <cusip>557021JR4</cusip>
        <identifiers>
          <isin value="US557021JR46"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>311800.91000000</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>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TV59</cusip>
        <identifiers>
          <isin value="US59447TV595"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1149444.60000000</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>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OYSTER BAY NY</name>
        <lei>N/A</lei>
        <title>Town of Oyster Bay NY</title>
        <cusip>692160RS5</cusip>
        <identifiers>
          <isin value="US692160RS58"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>891519.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH STUDENT</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052VAQ3</cusip>
        <identifiers>
          <isin value="US04052VAQ32"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>503147.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UTAH ST TRANSIT AUTH SALES TAX</name>
        <lei>N/A</lei>
        <title>Utah Transit Authority</title>
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        <identifiers>
          <isin value="US917565KD47"/>
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        <balance>215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>280416.87000000</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>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CNTY CA SCHS POOLE</name>
        <lei>N/A</lei>
        <title>Los Angeles County Schools/CA</title>
        <cusip>54515EEV2</cusip>
        <identifiers>
          <isin value="US54515EEV20"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>542966.90000000</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>2025-06-01</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>WINTERS CA JT UNIF SCH DIST YO</name>
        <lei>N/A</lei>
        <title>Winters Joint Unified School District</title>
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          <isin value="US976095KV08"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>429692.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</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>WILL CNTY IL CMNTY UNIT SCH DI</name>
        <lei>N/A</lei>
        <title>Will County Community Unit School District No 201-U Crete-Monee</title>
        <cusip>969003QV7</cusip>
        <identifiers>
          <isin value="US969003QV73"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>556954.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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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>
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        <cusip>556627KJ5</cusip>
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          <isin value="US556627KJ50"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1020944.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LEWIS POINTE CO MET DIST</name>
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        <title>Lewis Pointe Metropolitan District</title>
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          <isin value="US528049AV14"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1129497.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TERRE HAUTE IN SANTN DIST</name>
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          <isin value="US881100CS81"/>
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        <curCd>USD</curCd>
        <valUSD>1012162.11000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PALM BAY FL</name>
        <lei>549300PKHIZR59U3FH93</lei>
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          <isin value="US696463BK34"/>
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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>SANGAMON CNTY IL</name>
        <lei>N/A</lei>
        <title>County of Sangamon IL</title>
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          <isin value="US800711DE04"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>448105.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-15</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>ROSEVILLE CA JT UNION HIGH SCH</name>
        <lei>N/A</lei>
        <title>Roseville Joint Union High School District</title>
        <cusip>777857AL7</cusip>
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          <isin value="US777857AL77"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153844.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
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        <name>DE KALB &amp; KANE CNTYS IL CMNTYU</name>
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      <invstOrSec>
        <name>NEW ORLEANS LA AVIATION BRD SP</name>
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        <name>DALLAS CNTY AL</name>
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        <name>CLOVIS CA UNIF SCH DIST</name>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>AMHERST NY DEV CORP</name>
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          <isin value="US03135NBF78"/>
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        <curCd>USD</curCd>
        <valUSD>661970.76000000</valUSD>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>SHARP CNTY AR SALES &amp; USE TAX</name>
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          <isin value="US819890AN41"/>
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          <maturityDt>2034-03-01</maturityDt>
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        <name>SUMMERFIELD LEBANON MASCOUTAH</name>
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          <isin value="US865659AH92"/>
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        <name>SOUTH WAYNE CNTY PA WTR &amp; SWRA</name>
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          <isin value="US840627AY93"/>
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      <invstOrSec>
        <name>CICERO IL</name>
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          <isin value="US171646SM52"/>
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          <maturityDt>2026-01-01</maturityDt>
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        <name>MET WASHINGTON DC ARPTS AUTH A</name>
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        <name>NEW BRITAIN CT</name>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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        <name>BRIDGEWATER-RAYNHAM MA REGL SC</name>
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        <name>RIVER ISLANDS PUB FING AUTH CA</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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      <invstOrSec>
        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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      <invstOrSec>
        <name>RIVERSIDE CNTY CA CMNTY FACS D</name>
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          <maturityDt>2029-09-01</maturityDt>
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        <name>N SUMTER CNTY FL UTILITY DEPEN</name>
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          <isin value="US66272RDJ86"/>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MET ATLANTA GA RAPID TRANSIT A</name>
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        <cusip>591745B45</cusip>
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          <isin value="US591745B455"/>
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        <curCd>USD</curCd>
        <valUSD>225486.68000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZH2</cusip>
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          <isin value="US665245ZH23"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1136555.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
        <lei>N/A</lei>
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          <isin value="US92743FCD50"/>
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        <balance>350000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</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>TEXAS ST TURNPIKE AUTH CENTRL</name>
        <lei>N/A</lei>
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          <isin value="US882762DY06"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>662956.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIV OF WYOMING WY UNIV REVENU</name>
        <lei>N/A</lei>
        <title>University of Wyoming</title>
        <cusip>915268H33</cusip>
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          <isin value="US915268H330"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US6461355T61"/>
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        <balance>340000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-15</maturityDt>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261ACH86"/>
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        <name>WASHINGTON ST</name>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>MURRAY KY ELEC PLANT BRD</name>
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        <name>BELLWOOD-ANTIS PA SCH DIST</name>
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        <name>WEST VIRGINIA ST WTR DEV AUTHI</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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        <name>BASSETT CA UNIF SCH DIST</name>
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        <name>CIRCLE PINES MN INDEP SCH DIST</name>
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          <maturityDt>2022-02-01</maturityDt>
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        <name>CLEAR LAKE TX CITY WTR AUTH</name>
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        <name>LANCASTER PA HGR EDU AUTH</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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        <name>LINCOLN CA SPL TAX</name>
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          <isin value="US533042JU21"/>
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        <name>STARK KNOX &amp; MARSHALL CNTYS IL</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CICERO IL</name>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US646136TK77"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-15</maturityDt>
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        <name>KANKAKEE IL</name>
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        <curCd>USD</curCd>
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          <maturityDt>2034-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>COOK CNTY IL TWP HIGH SCH DIST</name>
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          <isin value="US216146HZ66"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>ESSEX CNTY NJ IMPT AUTH</name>
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          <isin value="US29680PFB13"/>
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          <maturityDt>2022-12-15</maturityDt>
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          <maturityDt>2044-08-15</maturityDt>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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          <isin value="US452226P983"/>
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          <maturityDt>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>NEWARK NJ BRD OF EDU</name>
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          <isin value="US650370DP10"/>
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        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>ABAG CA FIN AUTH FOR NONPROFIT</name>
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        <name>MUNCIE IN SANTN DIST REVENUE</name>
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          <maturityDt>2023-01-01</maturityDt>
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        <name>DELAWARE CNTY PA REGL WTR QUAL</name>
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        <name>WEST MEMPHIS AR PUBLIC UTILITY</name>
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      <invstOrSec>
        <name>GTR JOHNSTOWN PA SCH DIST</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-01</maturityDt>
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      <invstOrSec>
        <name>ORANGE CNTY FL TOURIST DEV TAX</name>
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          <maturityDt>2031-10-01</maturityDt>
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      <invstOrSec>
        <name>DARIEN-WOODRIDGE IL FIRE PROTD</name>
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          <isin value="US237238DR81"/>
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        <curCd>USD</curCd>
        <valUSD>106894.36000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-30</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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          <isin value="US838536MA59"/>
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        <curCd>USD</curCd>
        <valUSD>1000966.21000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREENVILLE MI SANTN SWR REVENU</name>
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          <isin value="US396178BE43"/>
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        <valUSD>2917791.21000000</valUSD>
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        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>BETHEL OH LOCAL SCH DIST COPS</name>
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          <isin value="US086854AE67"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BENZIE CNTY MI CENTRL SCHS</name>
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        <title>Benzie County Central Schools/MI</title>
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          <isin value="US083473FH67"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PHILADELPHIA PA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Philadelphia PA Airport Revenue</title>
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          <isin value="US717817XW56"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>SONOMA CNTY CA CMNTY REDEV AGY</name>
        <lei>N/A</lei>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>WEBER BASIN UT WTR CONSERVANCY</name>
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        <name>PHILADELPHIA PA ARPT REVENUE</name>
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          <isin value="US717817XV73"/>
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          <maturityDt>2039-07-01</maturityDt>
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        <name>TRAVIS CNTY TX WC&amp;ID POINT VEN</name>
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          <maturityDt>2026-08-15</maturityDt>
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        <name>AMHERST NY DEV CORP</name>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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        <name>GALVESTON CNTY TX</name>
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        <name>COLLINS-MAXWELL IA CMNTY SCH D</name>
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          <isin value="US194874AV56"/>
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        <name>MURRAY KY ELEC PLANT BRD</name>
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      <invstOrSec>
        <name>MASSACHUSETTS ST SCH BLDG AUTH</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>ATLANTIC CITY NJ BRD OF EDU</name>
        <lei>N/A</lei>
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          <isin value="US048342GK97"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-01</maturityDt>
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        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>NIAGARA FALLS NY CITY SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US653424DF53"/>
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          <maturityDt>2025-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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          <isin value="US64990G4G43"/>
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        <curCd>USD</curCd>
        <valUSD>491318.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
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        <title>School District of Philadelphia/The</title>
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          <isin value="US717883XU16"/>
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        <curCd>USD</curCd>
        <valUSD>5819.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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          <isin value="US167501XB68"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>None</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHELAN CNTY WA PUBLIC UTILITY</name>
        <lei>5493004E8FN9GU2SU067</lei>
        <title>Chelan County Public Utility District No 1</title>
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          <isin value="US163123MT68"/>
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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>2023-06-01</maturityDt>
          <couponKind>None</couponKind>
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          <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="US556627KH94"/>
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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>3.00000000</annualizedRt>
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        <name>WINDHAM CT</name>
        <lei>549300HXKN58630XDL91</lei>
        <title>Town of Windham CT</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CASTLE OAKS CO MET DIST #3</name>
        <lei>N/A</lei>
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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>MIDDLESEX CNTY NJ IMPT AUTH</name>
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        <title>Middlesex County Improvement Authority</title>
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          <isin value="US596567AQ02"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
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        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>LAWRENCE CNTY SD COPS</name>
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        <name>COOK &amp; WILL CNTYS IL SCH DIST</name>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>SACRAMENTO CA CITY SCHS JT PWR</name>
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        <title>Sacramento City Schools Joint Powers Financing Authority</title>
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          <maturityDt>2024-03-01</maturityDt>
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      <invstOrSec>
        <name>CERES CA UNIF SCH DIST</name>
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        <title>Ceres Unified School District</title>
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          <isin value="US156753MG72"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>WASHINGTON CNTY IL CMNTY UNITS</name>
        <lei>N/A</lei>
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          <isin value="US937659CY47"/>
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          <isin value="US13050NAK72"/>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <maturityDt>2044-11-15</maturityDt>
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          <maturityDt>2027-05-01</maturityDt>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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          <isin value="US13049YFJ55"/>
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          <maturityDt>2037-05-15</maturityDt>
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        <name>CENTRL FL EXPRESSWAY AUTH SR L</name>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>LOS NIETOS CA SCH DIST</name>
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        <name>WOODFORD LASALLE LIVINGSTON ET</name>
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        <name>LEYDEN ROCK MET DIST CO</name>
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        <name>WINDHAM CT</name>
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        <name>ERIE PA SWR AUTH</name>
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        <name>GREATER OUACHITA WTR CO INC LA</name>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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        <title>Pennsylvania Turnpike Commission</title>
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      <invstOrSec>
        <name>COATESVILLE PA AREA SCH DIST</name>
        <lei>549300FB4I8E5MPRFX97</lei>
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        <cusip>190684PL8</cusip>
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          <isin value="US190684PL83"/>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
        <cusip>416415HB6</cusip>
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          <isin value="US416415HB64"/>
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        <curCd>USD</curCd>
        <valUSD>26833.22000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>RUSSELLVILLE AL</name>
        <lei>N/A</lei>
        <title>City of Russellville AL</title>
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          <isin value="US782735MN12"/>
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        <curCd>USD</curCd>
        <valUSD>451282.42000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
        <lei>N/A</lei>
        <title>City of Shreveport LA Water &amp; Sewer Revenue</title>
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        <identifiers>
          <isin value="US825485WM36"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>608173.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UNIV OF WYOMING WY UNIV REVENU</name>
        <lei>N/A</lei>
        <title>University of Wyoming</title>
        <cusip>915268H66</cusip>
        <identifiers>
          <isin value="US915268H660"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>147771.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <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>
        <cusip>750055MX0</cusip>
        <identifiers>
          <isin value="US750055MX01"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>303013.48000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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        <title>City of Bozeman MT</title>
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          <isin value="US103707BC86"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50270.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>1132709.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LEYDEN ROCK MET DIST CO</name>
        <lei>N/A</lei>
        <title>Leyden Rock Metropolitan District</title>
        <cusip>529813AR8</cusip>
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          <isin value="US529813AR87"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>351624.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WASHINGTON NJ BRD OF EDU</name>
        <lei>N/A</lei>
        <title>Washington Borough Board of Education/Warren County</title>
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          <isin value="US939402BZ50"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>136755.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIOUX CENTER IA CMNTY SCH DIST</name>
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        <title>Sioux Center Community School District</title>
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          <isin value="US829438HD51"/>
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        <balance>290000.00000000</balance>
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        <valUSD>314713.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BALDWIN PARK CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Baldwin Park Unified School District</title>
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          <isin value="US058219LQ77"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CATASAUQUA PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Catasauqua Area School District</title>
        <cusip>149045SL1</cusip>
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          <isin value="US149045SL15"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>482716.97000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>6461364J7</cusip>
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          <isin value="US6461364J70"/>
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        <balance>275000.00000000</balance>
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        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
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      <invstOrSec>
        <name>CONOTTON VLY OH UN LOCAL SCH D</name>
        <lei>N/A</lei>
        <title>Conotton Valley Union Local School District</title>
        <cusip>208265BB3</cusip>
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          <isin value="US208265BB39"/>
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          <maturityDt>2033-12-01</maturityDt>
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      <invstOrSec>
        <name>CRESTVIEW OH LOCAL SCH DIST CO</name>
        <lei>N/A</lei>
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          <isin value="US226328AP72"/>
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        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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        <title>Lazy Nine Municipal Utility District No 1B</title>
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          <isin value="US52109HJS31"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
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      <invstOrSec>
        <name>GRANDVILLE MI PUBLIC SCH DIST</name>
        <lei>N/A</lei>
        <title>Grandville Public Schools</title>
        <cusip>386892RQ8</cusip>
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          <isin value="US386892RQ88"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>227513.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
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      <invstOrSec>
        <name>PASSAIC VLY NJ SEWAGE COMMISSI</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BIBB CNTY AL BRD EDU SPL TAX S</name>
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          <isin value="US08867MBD74"/>
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          <maturityDt>2037-04-01</maturityDt>
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        <name>UNIV OF WYOMING WY UNIV REVENU</name>
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          <isin value="US915268H587"/>
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        <curCd>USD</curCd>
        <valUSD>2746397.68000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ELGIN TX</name>
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          <isin value="US286525UZ14"/>
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          <maturityDt>2040-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GRAND PARKWAY TRANSPRTN CORP T</name>
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          <isin value="US38611TCC99"/>
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        <name>CLARK CNTY NV SCH DIST</name>
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          <isin value="US181059P671"/>
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        <name>SOMERSET PA AREA SCH DIST</name>
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      <invstOrSec>
        <name>UPPER TRINITY TX REGL WTR DIST</name>
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          <maturityDt>2046-08-01</maturityDt>
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        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
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        <name>TIMBER LANE TX UTILITY DIST</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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        <name>ANTIOCH CA UNIF SCH DIST</name>
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          <maturityDt>2044-12-01</maturityDt>
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        <name>REGL TRANSPRTN AUTH IL</name>
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          <maturityDt>2023-07-01</maturityDt>
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        <name>CHELAN CNTY WA PUBLIC UTILITY</name>
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        <name>CRAWFORD IL HOSP DIST</name>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>BRISTOL BORO PA SCH DIST</name>
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        <name>CHICAGO IL PARK DIST</name>
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        <name>NAPA VLY CA UNIF SCH DIST</name>
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        <name>MISSISSIPPI DEV BK SPL OBLIG</name>
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        <name>STARK KNOX &amp; MARSHALL CNTYS IL</name>
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      <invstOrSec>
        <name>LEWIS IA CMNTY SCH DIST SCH IN</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AZU41"/>
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        <curCd>USD</curCd>
        <valUSD>773416.02000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL</name>
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          <isin value="US167486L806"/>
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        <curCd>USD</curCd>
        <valUSD>3851375.63000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAMANCHE IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Camanche Community School District</title>
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          <isin value="US131771CV76"/>
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        <curCd>USD</curCd>
        <valUSD>744337.59000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>UNION CITY NJ</name>
        <lei>N/A</lei>
        <title>City of Union City NJ</title>
        <cusip>905734NY1</cusip>
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          <isin value="US905734NY16"/>
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        <balance>715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>731852.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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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          <isin value="US647719PP20"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>453895.12000000</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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      <invstOrSec>
        <name>MACON CNTY IL SCH DIST #61</name>
        <lei>N/A</lei>
        <title>Macon County School District No 61 Decatur</title>
        <cusip>555597HZ9</cusip>
        <identifiers>
          <isin value="US555597HZ95"/>
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        <curCd>USD</curCd>
        <valUSD>224052.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MILWAUKEE WI</name>
        <lei>N/A</lei>
        <title>City of Milwaukee WI</title>
        <cusip>602366J49</cusip>
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          <isin value="US602366J492"/>
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        <balance>5050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5382209.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>WEST HAVEN CT</name>
        <lei>N/A</lei>
        <title>City of West Haven CT</title>
        <cusip>953140T59</cusip>
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          <isin value="US953140T594"/>
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        <balance>925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1049452.09000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANGAMON CNTY IL</name>
        <lei>N/A</lei>
        <title>County of Sangamon IL</title>
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          <isin value="US800711DD21"/>
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        <valUSD>1679386.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>LA SALLE &amp; BUREAU CNTYS IL TWP</name>
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        <title>La Salle &amp; Bureau Counties Township High School District No 120 LaSalle-Peru</title>
        <cusip>504480FH2</cusip>
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          <isin value="US504480FH22"/>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>FORT BEND CNTY TX MUNI UTILITY</name>
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          <isin value="US346806SD57"/>
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        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>SALEM CNTY NJ IMPT AUTH</name>
        <lei>N/A</lei>
        <title>Salem County Improvement Authority</title>
        <cusip>794102GS6</cusip>
        <identifiers>
          <isin value="US794102GS64"/>
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        <balance>560000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MUNCIE IN SANTN DIST REVENUE</name>
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          <isin value="US625847FY97"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757647.30000000</valUSD>
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        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>COOK CNTY IL SCH DIST #94</name>
        <lei>N/A</lei>
        <title>Cook County School District No 94</title>
        <cusip>214291HE9</cusip>
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          <isin value="US214291HE93"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505221.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
        <cusip>54628CZK1</cusip>
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          <isin value="US54628CZK16"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-10-01</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>
        <title>Southwest Houston Redevelopment Authority</title>
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          <isin value="US845045BM40"/>
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        <balance>210000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HERITAGE RIDGE MET DIST CO</name>
        <lei>N/A</lei>
        <title>Heritage Ridge Metropolitan District</title>
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          <isin value="US42727TAT79"/>
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        <balance>900000.00000000</balance>
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        <valUSD>976639.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <maturityDt>2023-06-15</maturityDt>
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        <name>COACHELLA VLY CA UNIF SCH DIST</name>
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        <name>Allegheny Valley Joint Sewage Authority</name>
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        <name>COOK CNTY IL CMNTY UNIT SCH DI</name>
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        <name>BILOXI MS PUBLIC SCH DIST</name>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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      <invstOrSec>
        <name>SOUTH WHITTIER CA SCH DIST</name>
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      <invstOrSec>
        <name>TIMBER LANE TX UTILITY DIST</name>
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      <invstOrSec>
        <name>OIL CITY PA</name>
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          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>MANTECA CA UNIF SCH DIST</name>
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          <isin value="US564538CL82"/>
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        <curCd>USD</curCd>
        <valUSD>544492.17000000</valUSD>
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          <maturityDt>2025-08-01</maturityDt>
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        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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          <isin value="US682440BH45"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>WEST MEMPHIS AR PUBLIC UTILITY</name>
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          <isin value="US954345FB53"/>
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          <maturityDt>2022-12-01</maturityDt>
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        <name>NORTH SPRINGS FL IMPT DIST</name>
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          <isin value="US662542CZ09"/>
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        <name>FORT BEND TX MUNI UTILITY DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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      <invstOrSec>
        <name>UNIV OF ILLINOIS IL REVENUES</name>
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        <title>University of Illinois</title>
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          <isin value="US914353JW81"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-01</maturityDt>
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        <name>COMPTON CA UNIF SCH DIST COPS</name>
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        <name>WEST MEMPHIS AR PUBLIC UTILITY</name>
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          <isin value="US954345FD10"/>
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        <name>SANGAMON LOGAN &amp; MENARD CNTYS</name>
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        <name>SOMERSET KY</name>
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        <name>LAKE SUPERIOR MI ST UNIV</name>
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        <name>TIMBER LANE TX UTILITY DIST</name>
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        <name>BELLWOOD-ANTIS PA SCH DIST</name>
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      <invstOrSec>
        <name>TULARE CA LOCAL HLTH CARE DIST</name>
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        <name>OIL CITY PA</name>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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          <isin value="US54628CQN55"/>
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        <curCd>USD</curCd>
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          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EL CERRITO CA SALES TAX REVENU</name>
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          <isin value="US28286PAU49"/>
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        <valUSD>373540.54000000</valUSD>
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        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WARRIOR RIVER AL WTR AUTH WTRR</name>
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          <maturityDt>2043-08-01</maturityDt>
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      <invstOrSec>
        <name>SALINAS CA UNION HIGH SCH DIST</name>
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          <maturityDt>2023-10-01</maturityDt>
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        <name>WSTRN CAROLINA NC UNIV</name>
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        <title>Western Carolina University</title>
        <cusip>957897JJ1</cusip>
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          <isin value="US957897JJ15"/>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>ARLINGTON TX SPL TAX REVENUE</name>
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          <isin value="US04184RBQ20"/>
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        <curCd>USD</curCd>
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          <maturityDt>2038-02-15</maturityDt>
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        <name>WAUKEGAN IL</name>
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          <isin value="US942860TX51"/>
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          <maturityDt>2036-12-30</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>HARTFORD CT</name>
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          <isin value="US416415GV38"/>
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          <isin value="US5436895B53"/>
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          <maturityDt>2025-12-01</maturityDt>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
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          <isin value="US592643BE93"/>
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        <name>SAN JUAN CA UNIF SCH DIST</name>
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        <name>LIVINGSTON PARISH LA WTRWKS RE</name>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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          <isin value="US103707BH73"/>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AZW07"/>
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        <balance>745000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>PARAMOUNT CA UNIF SCH DIST</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BRAZORIA CNTY TX MUNI UTILITYD</name>
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          <isin value="US10606PKA83"/>
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      <invstOrSec>
        <name>WEST HAVEN CT</name>
        <lei>N/A</lei>
        <title>City of West Haven CT</title>
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          <isin value="US953140T263"/>
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          <maturityDt>2028-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>WAUKEGAN IL WTR &amp; SWR REVENUE</name>
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          <isin value="US943011LA29"/>
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          <maturityDt>2040-12-30</maturityDt>
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      <invstOrSec>
        <name>FITZGERALD MI PUBLIC SCH DIST</name>
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          <isin value="US338261KQ22"/>
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          <maturityDt>2022-05-01</maturityDt>
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      <invstOrSec>
        <name>CARROLLTON GA PAYROLL DEV AUTH</name>
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          <isin value="US145339LU97"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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      <invstOrSec>
        <name>MADERA CNTY CA PUBLIC FING AUT</name>
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          <isin value="US55646FAS92"/>
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          <maturityDt>2037-10-01</maturityDt>
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      <invstOrSec>
        <name>DAVIS CA JT UNIF SCH DIST YOLO</name>
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          <isin value="US238848EF84"/>
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      <invstOrSec>
        <name>RED OAK IA CMNTY SCH DIST</name>
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        <name>RENO NV CAPITAL IMPT REVENUE</name>
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        <name>PUBLIC FIN AUTH WI STUDENT HSG</name>
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          <isin value="US74439YDQ17"/>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <name>OMRO WI SCH DIST</name>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
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        <name>RIVERBANK CA UNIF SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
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        <name>BELLWOOD-ANTIS PA SCH DIST</name>
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      <invstOrSec>
        <name>OIL CITY PA</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>BNC MET DIST #1 CO</name>
        <lei>N/A</lei>
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          <isin value="US05567BAP40"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LYNWOOD CA UNIF SCH DIST COPS</name>
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          <isin value="US551802CM12"/>
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        <name>LOUISIANA ST ENERGY &amp; PWR AUTH</name>
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          <isin value="US546462DF60"/>
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        <curCd>USD</curCd>
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          <maturityDt>2023-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966QRD42"/>
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        <curCd>USD</curCd>
        <valUSD>1248760.57000000</valUSD>
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          <maturityDt>2043-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US048342GH68"/>
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          <maturityDt>2026-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>OYSTER BAY NY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INDEPENDENT CITIES FIN AUTH CA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KLICKITAT CNTY WA PUBLIC UTILI</name>
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        <name>CLEVELAND OH PUBLIC PWR SYS RE</name>
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        <name>CALCASIEU PARISH LA SCH DIST #</name>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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        <name>LA MIRADA CA REDEV AGY</name>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <name>WEST KERN CA CMNTY CLG DIST CO</name>
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      <invstOrSec>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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        <name>MUNCIE IN SANTN DIST REVENUE</name>
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          <maturityDt>2024-01-01</maturityDt>
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      <invstOrSec>
        <name>BENZIE CNTY MI CENTRL SCHS</name>
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          <isin value="US083473FL79"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>WASHINGTON ST</name>
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          <isin value="US93974A4Y76"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
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        <name>LIVINGSTON PARISH LA WTRWKS RE</name>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>HARTFORD CT</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>UTAH ST TRANSIT AUTH SALES TAX</name>
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          <isin value="US917565EU36"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>RIVER ISLANDS PUB FING AUTH CA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
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          <isin value="US54628CYP12"/>
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        <name>MOUNT VERNON NY CITY SCH DIST</name>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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        <name>HARRIS CNTY-HOUSTON TX SPORTS</name>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
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        <name>HUDSON YARDS INFRASTRUCTURE CO</name>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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      <invstOrSec>
        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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          <isin value="US65830RCA59"/>
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        <curCd>USD</curCd>
        <valUSD>637864.03000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY ST ECON DEV FIN AUTH</name>
        <lei>N/A</lei>
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          <isin value="US49126KKB60"/>
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        <curCd>USD</curCd>
        <valUSD>538599.35000000</valUSD>
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        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CUMBERLAND MD</name>
        <lei>N/A</lei>
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          <isin value="US230723NY04"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>434952.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</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>VAUXMONT MET DIST CO</name>
        <lei>549300M7XL6MB0OW8D56</lei>
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        <cusip>92242SAM5</cusip>
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          <isin value="US92242SAM52"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>174098.39000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>784367.85000000</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>TAYLOR MI</name>
        <lei>N/A</lei>
        <title>City of Taylor MI</title>
        <cusip>877223PH4</cusip>
        <identifiers>
          <isin value="US877223PH48"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>815017.05000000</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>2024-03-01</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FAIRMONT WV WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Fairmont WV Water Revenue</title>
        <cusip>305459FT1</cusip>
        <identifiers>
          <isin value="US305459FT19"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>172708.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</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>OXNARD CA SCH DIST</name>
        <lei>N/A</lei>
        <title>Oxnard School District</title>
        <cusip>692020RF9</cusip>
        <identifiers>
          <isin value="US692020RF95"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309000.00000000</valUSD>
        <pctVal>0.065194170999</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YONKERS NY</name>
        <lei>N/A</lei>
        <title>City of Yonkers NY</title>
        <cusip>986082F75</cusip>
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          <isin value="US986082F754"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>263761.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTH HOUSTON DEV CORP TX TAX</name>
        <lei>N/A</lei>
        <title>Greater Greenspoint Redevelopment Authority</title>
        <cusip>660027AQ6</cusip>
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          <isin value="US660027AQ67"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>359860.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KANSAS ST DEV FIN AUTH REVENUE</name>
        <lei>549300WTL7BL8KBDPR87</lei>
        <title>Kansas Development Finance Authority</title>
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          <isin value="US48542RSX34"/>
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        <balance>1780000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp</title>
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          <isin value="US64542YAC03"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>587314.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
        <lei>N/A</lei>
        <title>Madison-Macoupin Etc Counties Community College District No 536/IL</title>
        <cusip>557738NG2</cusip>
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          <isin value="US557738NG21"/>
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        <balance>160000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WSTRN CAROLINA NC UNIV</name>
        <lei>N/A</lei>
        <title>Western Carolina University</title>
        <cusip>957897JL6</cusip>
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          <isin value="US957897JL60"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>627423.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
        <cusip>416415FQ5</cusip>
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          <isin value="US416415FQ51"/>
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        <balance>15000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2023-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245YM2</cusip>
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          <isin value="US665245YM27"/>
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        <balance>1200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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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="US646136EP20"/>
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        <curCd>USD</curCd>
        <valUSD>1209853.39000000</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>2026-12-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>CATASAUQUA PA AREA SCH DIST</name>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
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      <invstOrSec>
        <name>ALLENTOWN PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US018471LW01"/>
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          <maturityDt>2022-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>HEMET CA UNIF SCH DIST</name>
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          <isin value="US423542NF23"/>
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        <curCd>USD</curCd>
        <valUSD>648469.20000000</valUSD>
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          <maturityDt>2040-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEWARK NJ</name>
        <lei>5493008RBPM01QHRYX34</lei>
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          <isin value="US650367PP45"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>585829.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAINT LOUIS MO ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of St Louis MO Airport Revenue</title>
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          <isin value="US791638D555"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1058626.90000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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          <isin value="US592248BE76"/>
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        <curCd>USD</curCd>
        <valUSD>101311.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALIQUIPPA PA MUNI WTR AUTH</name>
        <lei>N/A</lei>
        <title>Aliquippa Municipal Water Authority Water &amp; Sewer Revenue</title>
        <cusip>016332FH6</cusip>
        <identifiers>
          <isin value="US016332FH68"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2140087.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STERLING IL</name>
        <lei>N/A</lei>
        <title>City of Sterling IL</title>
        <cusip>859332HT8</cusip>
        <identifiers>
          <isin value="US859332HT81"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>576155.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WARRIOR RUN PA SCH DIST MONTOU</name>
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        <curCd>USD</curCd>
        <valUSD>447684.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <title>Northern Illinois University</title>
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          <isin value="US665245ZN90"/>
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          <maturityDt>2043-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CALIFORNIA ST EDUCTNL FACS AUT</name>
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          <isin value="US130175RX22"/>
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        <curCd>USD</curCd>
        <valUSD>860153.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>HERITAGE RIDGE MET DIST CO</name>
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          <isin value="US42727TAS96"/>
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        <balance>350000.00000000</balance>
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        <valUSD>382610.38000000</valUSD>
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        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>EAGLE GARFIELD &amp; ROUTT CNTYS C</name>
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          <isin value="US26952QBK04"/>
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        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SCHENECTADY NY</name>
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          <isin value="US8064493A08"/>
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        <balance>250000.00000000</balance>
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        <valUSD>256789.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2023-05-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>ONTARIO CA MONTCLAIR SCH DIST</name>
        <lei>N/A</lei>
        <title>Ontario Montclair School District</title>
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          <maturityDt>2029-08-01</maturityDt>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
        <lei>549300BJRX2FHSSZP042</lei>
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          <isin value="US19645UCY82"/>
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        <balance>1015000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <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>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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      <invstOrSec>
        <name>HILLSBOROUGH CNTY FL SCH BRD S</name>
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          <isin value="US432337ES86"/>
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          <maturityDt>2022-10-01</maturityDt>
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      <invstOrSec>
        <name>BRAZORIA CNTY TX MUNI UTILITYD</name>
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          <isin value="US10606PJZ53"/>
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          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AJ991"/>
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        <curCd>USD</curCd>
        <valUSD>484629.66000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2045-11-15</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>
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          <isin value="US943011KK10"/>
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        <curCd>USD</curCd>
        <valUSD>128481.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL BRD OF EDU</name>
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          <isin value="US167501UQ64"/>
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        <curCd>USD</curCd>
        <valUSD>198244.00000000</valUSD>
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        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CATASAUQUA PA AREA SCH DIST</name>
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          <isin value="US149045SM97"/>
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        <curCd>USD</curCd>
        <valUSD>798908.82000000</valUSD>
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          <maturityDt>2029-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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          <isin value="US92743FBW41"/>
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          <maturityDt>2034-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>UNION CNTY IL</name>
        <lei>N/A</lei>
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        <cusip>906179EF9</cusip>
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          <isin value="US906179EF93"/>
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        <curCd>USD</curCd>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>MONROE CNTY NY</name>
        <lei>N/A</lei>
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          <isin value="US61074PTG27"/>
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          <maturityDt>2022-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>RIDLEY PA SCH DIST</name>
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        <name>TULSA OK ARPTS IMPT TRUST</name>
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          <isin value="US899647PJ48"/>
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          <maturityDt>2023-06-01</maturityDt>
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        <name>OYSTER BAY NY</name>
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          <isin value="US692160QH03"/>
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          <maturityDt>2024-02-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>S TAHOE CA JT PWRS FING AUTH L</name>
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          <isin value="US84049BHT26"/>
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        <name>PARK FOREST IL</name>
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          <maturityDt>2024-01-01</maturityDt>
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        <name>KENTUCKY ST MUNI PWR AGY PWR S</name>
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          <isin value="US491501ED06"/>
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        <name>NEW YORK ST THRUWAY AUTH GEN R</name>
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          <maturityDt>2045-01-01</maturityDt>
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      <invstOrSec>
        <name>OCEANPORT NJ SCH DIST</name>
        <lei>N/A</lei>
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          <maturityDt>2024-07-15</maturityDt>
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      <invstOrSec>
        <name>HERONS GLEN FL RECREATION DIST</name>
        <lei>N/A</lei>
        <title>Herons Glen Recreation District</title>
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          <isin value="US427747BF62"/>
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        <curCd>USD</curCd>
        <valUSD>179239.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>STATE PUBLIC SCH BLDG AUTH PAC</name>
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          <isin value="US85732MWA16"/>
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        <curCd>USD</curCd>
        <valUSD>289800.03000000</valUSD>
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          <maturityDt>2022-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
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          <isin value="US04184RBE99"/>
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        <curCd>USD</curCd>
        <valUSD>801445.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>
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          <isin value="US970225EN44"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>612200.15000000</valUSD>
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          <maturityDt>2030-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW JERSEY ST ECON DEV AUTH MT</name>
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        <title>New Jersey Economic Development Authority</title>
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          <isin value="US64578JBK16"/>
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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>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TIMBER LANE TX UTILITY DIST</name>
        <lei>N/A</lei>
        <title>Timber Lane Utility District</title>
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          <isin value="US887127ZS07"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>535804.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>AMHERST NY DEV CORP</name>
        <lei>N/A</lei>
        <title>Amherst Development Corp</title>
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          <isin value="US03135NBG51"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>976568.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BENZIE CNTY MI CENTRL SCHS</name>
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        <title>Benzie County Central Schools/MI</title>
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          <isin value="US083473FJ24"/>
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        <curCd>USD</curCd>
        <valUSD>351829.26000000</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>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>STERLING IL</name>
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          <isin value="US859332HR26"/>
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        <valUSD>692929.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>MISSISSIPPI DEV BK SPL OBLIG</name>
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        <title>Mississippi Development Bank</title>
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          <isin value="US60534XBJ46"/>
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        <balance>500000.00000000</balance>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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        <title>Oneida County Local Development Corp</title>
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          <isin value="US682440DG44"/>
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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <maturityDt>2024-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CRYSTAL VLY CO MET DIST #2</name>
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        <title>Crystal Valley Metropolitan District No 2</title>
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          <isin value="US22941LAW90"/>
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          <maturityDt>2044-12-01</maturityDt>
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        <name>FLORIDA ST GOVTL UTILITY AUTHU</name>
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          <isin value="US34281PSR54"/>
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        <balance>215000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-10-01</maturityDt>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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          <isin value="US54628CYQ94"/>
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          <maturityDt>2043-10-01</maturityDt>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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          <isin value="US92743FBM68"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <name>CAMDEN SC PUBLIC UTILITY REVEN</name>
        <lei>N/A</lei>
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          <isin value="US133159GF47"/>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <name>BAYONNE NJ</name>
        <lei>N/A</lei>
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          <maturityDt>2024-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>ARLINGTON TX SPL TAX REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US04184RBS85"/>
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        <valUSD>2209586.80000000</valUSD>
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          <maturityDt>2044-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MOHAVE CNTY AZ UNIF SCH DIST #</name>
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        <name>CUMBERLAND MD</name>
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        <name>UNION CITY NJ</name>
        <lei>N/A</lei>
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        <name>SOUTH SLOANS LAKE MET DIST #2</name>
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        <name>TAYLOR MI</name>
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          <isin value="US877223PN16"/>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>RIPON CA REDEV AGY SUCCESSOR A</name>
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        <name>FRANKFORT KY SWR REVENUE</name>
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        <name>MISSION TX</name>
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        <name>LANCASTER CA FING AUTH REVENUE</name>
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        <name>DIXON CA UNIF SCH DIST</name>
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        <name>CAMBRIA CNTY PA</name>
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        <name>COLLINS-MAXWELL IA CMNTY SCH D</name>
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        <name>JACKSON CLG MI</name>
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          <maturityDt>2022-05-01</maturityDt>
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        <name>NEW YORK ST CONVENTION CENTER</name>
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        <name>VAUXMONT MET DIST CO</name>
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        <name>YUBA CITY CA UNIF SCH DIST</name>
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          <isin value="US988258CA50"/>
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        <valUSD>342505.21000000</valUSD>
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        <debtSec>
          <maturityDt>2023-09-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>GUADALUPE CA UNION SCH DIST</name>
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          <isin value="US400582BE19"/>
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        <curCd>USD</curCd>
        <valUSD>1096982.93000000</valUSD>
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          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>WHEELING WV WTRWKS &amp; SWR SYS R</name>
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          <isin value="US963270GR88"/>
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        <issuerCat>MUN</issuerCat>
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        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>MIAMI FL PKG SYS REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US593461BV73"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <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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          <isin value="US647719PR85"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>PASSAIC VLY NJ SEWAGE COMMISSI</name>
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        <title>Passaic Valley Sewerage Commission</title>
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          <isin value="US702826KS66"/>
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        <debtSec>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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        <name>COATESVILLE PA AREA SCH DIST B</name>
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          <isin value="US190693AD30"/>
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          <maturityDt>2022-12-01</maturityDt>
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        <name>CHAUTAUQUA CNTY NY</name>
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        <name>S W HOUSTON TX REDEV AUTH TAX</name>
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          <isin value="US845045BN23"/>
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        <name>NEW ORLEANS LA SEWAGE SVC REVE</name>
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          <isin value="US647719PS68"/>
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        <name>OYSTER BAY NY</name>
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          <isin value="US692160SS40"/>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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          <isin value="US103707BE43"/>
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          <maturityDt>2024-07-01</maturityDt>
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        <name>FOND DU LAC WI SCH DIST</name>
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          <isin value="US344496KS25"/>
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        <name>SAGINAW MI CITY SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US786743QD94"/>
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        <balance>2505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2826681.33000000</valUSD>
        <pctVal>0.596385585726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-05-01</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>GRANDVILLE MI PUBLIC SCH DIST</name>
        <lei>N/A</lei>
        <title>Grandville Public Schools</title>
        <cusip>386892RM7</cusip>
        <identifiers>
          <isin value="US386892RM74"/>
        </identifiers>
        <balance>245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>279279.54000000</valUSD>
        <pctVal>0.058923618405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTMORELAND CNTY PA MUNI AUTH</name>
        <lei>N/A</lei>
        <title>Westmoreland County Municipal Authority</title>
        <cusip>961017HH6</cusip>
        <identifiers>
          <isin value="US961017HH65"/>
        </identifiers>
        <balance>815000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>800435.79000000</valUSD>
        <pctVal>0.168879442613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAINT LOUIS MO ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of St Louis MO Airport Revenue</title>
        <cusip>791638VG1</cusip>
        <identifiers>
          <isin value="US791638VG19"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1231487.10000000</valUSD>
        <pctVal>0.259824532625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST MEMPHIS AR PUBLIC UTILITY</name>
        <lei>N/A</lei>
        <title>City of West Memphis AR Public Utility System Revenue</title>
        <cusip>954345FG4</cusip>
        <identifiers>
          <isin value="US954345FG41"/>
        </identifiers>
        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196893.60000000</valUSD>
        <pctVal>0.041541472579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</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>TEXAS ST TURNPIKE AUTH CENTRL</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System</title>
        <cusip>882762AT4</cusip>
        <identifiers>
          <isin value="US882762AT48"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>861558.60000000</valUSD>
        <pctVal>0.181775400306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEWARK NJ</name>
        <lei>5493008RBPM01QHRYX34</lei>
        <title>City of Newark NJ</title>
        <cusip>650367QE8</cusip>
        <identifiers>
          <isin value="US650367QE88"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229772.23000000</valUSD>
        <pctVal>0.048478349687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SALINAS VLY CA SOL WST AUTH</name>
        <lei>N/A</lei>
        <title>Salinas Valley Solid Waste Authority</title>
        <cusip>795036BU5</cusip>
        <identifiers>
          <isin value="US795036BU55"/>
        </identifiers>
        <balance>520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>574089.88000000</valUSD>
        <pctVal>0.121123992899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEASIDE OR TRANSIENT LODGING T</name>
        <lei>N/A</lei>
        <title>City of Seaside OR Transient Lodging Tax Revenue</title>
        <cusip>812513AN9</cusip>
        <identifiers>
          <isin value="US812513AN92"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>473786.72000000</valUSD>
        <pctVal>0.099961593660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DE KALB &amp; KANE CNTYS IL CMNTYU</name>
        <lei>549300R12UM6R707ID46</lei>
        <title>Community Unit School District Number 427 DeKalb and Kane Counties Illinois</title>
        <cusip>240361RR8</cusip>
        <identifiers>
          <isin value="US240361RR88"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>452101.44000000</valUSD>
        <pctVal>0.095386338474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</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>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990G4F6</cusip>
        <identifiers>
          <isin value="US64990G4F69"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>218836.62000000</valUSD>
        <pctVal>0.046171106877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-15</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>WOODLAND CA JT UNIF SCH DIST C</name>
        <lei>N/A</lei>
        <title>Woodland Joint Unified School District</title>
        <cusip>979544DM2</cusip>
        <identifiers>
          <isin value="US979544DM25"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>347827.29000000</valUSD>
        <pctVal>0.073386122403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>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>
    </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>2022-03-22</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
