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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JACKSON CNTY MI INTERMEDIATE S</name>
        <lei>N/A</lei>
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        <cusip>467150CB2</cusip>
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          <isin value="US467150CB20"/>
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        <curCd>USD</curCd>
        <valUSD>120431.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-01</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>
      <invstOrSec>
        <name>PUEBLO CNTY CO SCH DIST #60 PU</name>
        <lei>N/A</lei>
        <title>Pueblo City Schools</title>
        <cusip>744873GF1</cusip>
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          <isin value="US744873GF12"/>
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        <balance>1115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1267490.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MATTESON IL</name>
        <lei>N/A</lei>
        <title>Village of Matteson IL</title>
        <cusip>577098NV4</cusip>
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          <isin value="US577098NV40"/>
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        <balance>465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>513260.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</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>DEER CREEK PA DRAIN BASIN ALLE</name>
        <lei>N/A</lei>
        <title>Deer Creek Drainage Basin Authority</title>
        <cusip>24379RCM3</cusip>
        <identifiers>
          <isin value="US24379RCM34"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237821.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SANGAMON CNTY IL SCH DIST #186</name>
        <lei>N/A</lei>
        <title>Sangamon County School District No 186 Springfield</title>
        <cusip>800766LN5</cusip>
        <identifiers>
          <isin value="US800766LN56"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>559811.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</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>
      <invstOrSec>
        <name>KELSEYVILLE CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Kelseyville Unified School District</title>
        <cusip>488224DQ6</cusip>
        <identifiers>
          <isin value="US488224DQ61"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23346.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY NY TRANSITIONAL</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Building Aid Revenue</title>
        <cusip>64972HY55</cusip>
        <identifiers>
          <isin value="US64972HY552"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164889.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp</title>
        <cusip>882667BD9</cusip>
        <identifiers>
          <isin value="US882667BD90"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>511774.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-30</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>MORGANTOWN WV COMB UTILITY SYS</name>
        <lei>N/A</lei>
        <title>Morgantown Utility Board Inc</title>
        <cusip>61759CDV7</cusip>
        <identifiers>
          <isin value="US61759CDV72"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209946.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BLACK BELT ENERGY GAS DIST AL</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District</title>
        <cusip>09182TAN7</cusip>
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          <isin value="US09182TAN72"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>877801.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.79000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency</title>
        <cusip>45884AA29</cusip>
        <identifiers>
          <isin value="US45884AA293"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>854021.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>VAN BUREN MI PUBLIC SCHS</name>
        <lei>N/A</lei>
        <title>Van Buren Public Schools/MI</title>
        <cusip>920729JP6</cusip>
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          <isin value="US920729JP68"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1764696.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRIWAY OH LOCAL SCH DIST COPS</name>
        <lei>N/A</lei>
        <title>Triway Local School District</title>
        <cusip>896863AC1</cusip>
        <identifiers>
          <isin value="US896863AC11"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>682192.67000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
        <lei>549300BJRX2FHSSZP042</lei>
        <title>Colorado Educational &amp; Cultural Facilities Authority</title>
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          <isin value="US19645UHP21"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248176.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
        <lei>N/A</lei>
        <title>Greater Texoma Utility Authority</title>
        <cusip>39239HWV1</cusip>
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          <isin value="US39239HWV13"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>253738.73000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2024-10-01</maturityDt>
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      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH NATIO</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052FAM7</cusip>
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          <isin value="US04052FAM77"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>594567.44000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL WTR &amp; SWR R</name>
        <lei>N/A</lei>
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        <cusip>59334DMD3</cusip>
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          <isin value="US59334DMD39"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1045364.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority</title>
        <cusip>70917RKC8</cusip>
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          <isin value="US70917RKC87"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
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        <name>PORT NEW ORLEANS LA BRD OF COM</name>
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        <name>VIRIDIAN TX MUNI MGMT DIST</name>
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          <isin value="US92823PKQ80"/>
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        <valUSD>374047.13000000</valUSD>
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          <maturityDt>2024-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>UNIV OF CENTRAL ARKANSAS AR RE</name>
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          <isin value="US914115M565"/>
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        <curCd>USD</curCd>
        <valUSD>429641.48000000</valUSD>
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          <maturityDt>2034-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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          <isin value="US92743FBV67"/>
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        <curCd>USD</curCd>
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          <maturityDt>2033-05-01</maturityDt>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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          <isin value="US725304US66"/>
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        <curCd>USD</curCd>
        <valUSD>619362.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CAMDEN NY CENTRL SCH DIST</name>
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          <isin value="US133123LZ07"/>
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        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
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          <isin value="US54659LBQ68"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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        <name>HOUSTON TX WTR &amp; SWR SYS REVEN</name>
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        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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        <name>MARQUETTE MI</name>
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          <maturityDt>2024-05-01</maturityDt>
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        <name>APPLE VLY CA PUBLIC FING AUTH</name>
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        <name>BRAZORIA CNTY TX MUNI UTILITYD</name>
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        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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        <name>INDIANA FIN AUTH IN WSTWTR UTI</name>
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          <maturityDt>2031-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MIAMI-DADE CNTY FL AVIATION RE</name>
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        <curCd>USD</curCd>
        <valUSD>400836.44000000</valUSD>
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          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>CENTER CA JT UNIF SCH DIST</name>
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          <isin value="US151488BM47"/>
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        <curCd>USD</curCd>
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          <maturityDt>2024-08-01</maturityDt>
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        <name>NEWARK NJ BRD OF EDU</name>
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        <curCd>USD</curCd>
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        <name>CENTRL PLAINS ENERGY PROJ NE G</name>
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        <balance>3340000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US646136TK77"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
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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="US665245YZ30"/>
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        <name>NORTH LAS VEGAS NV</name>
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        <name>LAWRENCE CNTY SD COPS</name>
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        <title>County of Lawrence SD</title>
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        <name>SALES TAX SECURITIZATION CORP</name>
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        <name>MONROE CNTY NY INDL DEV AGY SC</name>
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        <name>CONNECTICUT ST</name>
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        <name>TEXAS ST MUNI GAS ACQUISITION</name>
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        <name>NEW YORK ST THRUWAY AUTH PERSO</name>
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      <invstOrSec>
        <name>BRYAN TX ELEC SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Bryan TX Electric System Revenue</title>
        <cusip>117569LB7</cusip>
        <identifiers>
          <isin value="US117569LB74"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>206500.94000000</valUSD>
        <pctVal>0.089781021094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONROE CNTY NY INDL DEV CORP R</name>
        <lei>N/A</lei>
        <title>Monroe County Industrial Development Corp/NY</title>
        <cusip>61075TWK0</cusip>
        <identifiers>
          <isin value="US61075TWK05"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>369565.09000000</valUSD>
        <pctVal>0.160676901234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHEELING WV WTRWKS &amp; SWR SYS R</name>
        <lei>N/A</lei>
        <title>City of Wheeling WV Waterworks &amp; Sewerage System Revenue</title>
        <cusip>963270GG2</cusip>
        <identifiers>
          <isin value="US963270GG24"/>
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        <balance>460000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>492646.02000000</valUSD>
        <pctVal>0.214189159205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</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>BRAZORIA CNTY TX MUNI UTILITYD</name>
        <lei>N/A</lei>
        <title>Brazoria County Municipal Utility District No 28</title>
        <cusip>10606PJX0</cusip>
        <identifiers>
          <isin value="US10606PJX06"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>198947.90000000</valUSD>
        <pctVal>0.086497163677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDEPENDENT CITIES FIN AUTH CA</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Independent Cities Finance Authority</title>
        <cusip>45384PAL9</cusip>
        <identifiers>
          <isin value="US45384PAL94"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>724041.85000000</valUSD>
        <pctVal>0.314793804852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COOK CNTY IL TWP HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>Cook County Township High School District No 220 Reavis</title>
        <cusip>216146HL7</cusip>
        <identifiers>
          <isin value="US216146HL70"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>645615.84000000</valUSD>
        <pctVal>0.280696297799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MISSION TX</name>
        <lei>N/A</lei>
        <title>City of Mission TX</title>
        <cusip>605128UK1</cusip>
        <identifiers>
          <isin value="US605128UK13"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>311910.23000000</valUSD>
        <pctVal>0.135610128163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAWSON RIDGE CO MET DIST #1</name>
        <lei>N/A</lei>
        <title>Dawson Ridge Metropolitan District No 1</title>
        <cusip>239427AG2</cusip>
        <identifiers>
          <isin value="US239427AG27"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>173898.46000000</valUSD>
        <pctVal>0.075606344966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAGINAW MI WTR SPLY SYS REVENU</name>
        <lei>N/A</lei>
        <title>City of Saginaw MI Water Supply System Revenue</title>
        <cusip>786795CX0</cusip>
        <identifiers>
          <isin value="US786795CX02"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>714610.12000000</valUSD>
        <pctVal>0.310693143857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JEFFERSON PARISH LA CONSOL SEW</name>
        <lei>N/A</lei>
        <title>Jefferson Parish Consolidated Sewerage District No 1</title>
        <cusip>474481AG3</cusip>
        <identifiers>
          <isin value="US474481AG31"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>792818.33000000</valUSD>
        <pctVal>0.344695957364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HONOLULU CITY &amp; CNTY HI</name>
        <lei>N/A</lei>
        <title>City &amp; County of Honolulu HI</title>
        <cusip>438687JS5</cusip>
        <identifiers>
          <isin value="US438687JS50"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>237126.30000000</valUSD>
        <pctVal>0.103096098944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-01</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>SANGAMON CNTY IL</name>
        <lei>N/A</lei>
        <title>County of Sangamon IL</title>
        <cusip>800711CQ4</cusip>
        <identifiers>
          <isin value="US800711CQ43"/>
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        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>262545.89000000</valUSD>
        <pctVal>0.114147848859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>S WSTRN IL DEV AUTH</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
        <title>Southwestern Illinois Development Authority</title>
        <cusip>84552YRC7</cusip>
        <identifiers>
          <isin value="US84552YRC74"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>511126.30000000</valUSD>
        <pctVal>0.222223884900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97712D6Q4</cusip>
        <identifiers>
          <isin value="US97712D6Q45"/>
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        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>478899.73000000</valUSD>
        <pctVal>0.208212644268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTILITY</name>
        <lei>N/A</lei>
        <title>Fort Bend County Municipal Utility District No 2</title>
        <cusip>346792HY3</cusip>
        <identifiers>
          <isin value="US346792HY36"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>113818.74000000</valUSD>
        <pctVal>0.049485308381</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13078RHV5</cusip>
        <identifiers>
          <isin value="US13078RHV50"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2025734.00000000</valUSD>
        <pctVal>0.880734329762</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TUU5</cusip>
        <identifiers>
          <isin value="US59447TUU59"/>
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        <balance>235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>264509.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST HAVEN CT</name>
        <lei>N/A</lei>
        <title>City of West Haven CT</title>
        <cusip>953140U99</cusip>
        <identifiers>
          <isin value="US953140U998"/>
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        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340619.27000000</valUSD>
        <pctVal>0.148092041930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>TEMPLE TX TAX INCR</name>
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        <name>BEREA KY EDUCTNL FACS REVENUE</name>
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          <isin value="US083536AB89"/>
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        <name>EAGLE GARFIELD &amp; ROUTT CNTYS C</name>
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        <name>BENICIA CA UNIF SCH DIST</name>
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        <name>COLORADO ST HLTH FACS AUTH HOS</name>
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        <name>RIO HONDO CA CMNTY CLG DIST</name>
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        <name>DALLAS TX HOTEL OCCUPANCY TAX</name>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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        <name>CAMERON PARISH LA SCH DIST #15</name>
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        <name>WASHINGTON ST</name>
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        <name>LAMAR TX CONSOL INDEP SCH DIST</name>
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      <invstOrSec>
        <name>NORTH COAST CNTY CA WTR DIST C</name>
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        <name>AKRON BATH COPLEY JT TWP OH HO</name>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <name>LIVINGSTON PARISH LA WTRWKS RE</name>
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        <name>ROSEVILLE CA NATURAL GAS FIN A</name>
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        <name>CALIFORNIA ST PUBLIC WKS BRD L</name>
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        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
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      <invstOrSec>
        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
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      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDUCT</name>
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        <name>CORALVILLE IA</name>
        <lei>549300UKC7MMW46X6P25</lei>
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          <maturityDt>2024-05-01</maturityDt>
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        <name>MONTEREY PENINSULA CA CMNTY CL</name>
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          <isin value="US612574EK59"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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          <isin value="US187145MD69"/>
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        <curCd>USD</curCd>
        <valUSD>233422.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>MET WTR DIST OF STHRN CA WTRWK</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
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        <name>COLORADO ST HLTH FACS AUTH HOS</name>
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        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FKA11"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SONOMA CNTY CA JNR CLG DIST</name>
        <lei>549300C1BQ28FZTVYK25</lei>
        <title>Sonoma County Junior College District</title>
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          <isin value="US835569DH42"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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        <valUSD>1025807.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <title>New Jersey Educational Facilities Authority</title>
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          <isin value="US6460666Q86"/>
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          <maturityDt>2025-07-01</maturityDt>
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        <name>NORTH POCONO PA SCH DIST</name>
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        <valUSD>260755.20000000</valUSD>
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          <maturityDt>2032-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>HOUSTON TX UTILITY SYS REVENUE</name>
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          <isin value="US44244CGM38"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>UPTOWN DEV AUTH TX INCR CONTRA</name>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
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        <name>TAYLOR MI</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <maturityDt>2024-10-15</maturityDt>
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        <name>COLORADO ST HLTH FACS AUTH HOS</name>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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        <name>NEW BRITAIN CT</name>
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        <name>ACTON TX MUNI UTILITY DIST</name>
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        <name>FOREST HILLS PA SCH DIST</name>
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        <name>HUDSON YARDS INFRASTRUCTURE CO</name>
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        <name>VIRGINIA ST SMALL BUSINESS FIN</name>
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        <name>CHICAGO IL PARK DIST</name>
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        <name>MATTABASSETT CT DIST REVENUE</name>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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        <name>HARRIS CNTY TX CULTURAL EDU FA</name>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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        <name>SALES TAX SECURITIZATION CORP</name>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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        <name>TEMPLE TX TAX INCR</name>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <maturityDt>2025-08-15</maturityDt>
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        <name>HARRIS CNTY TX CULTURAL EDU FA</name>
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          <isin value="US414009QT03"/>
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          <maturityDt>2040-10-01</maturityDt>
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        <name>ANTIOCH IL</name>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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        <name>MSD OF WASH TWP SCH BLDG CORP</name>
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          <maturityDt>2035-07-15</maturityDt>
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        <name>NEW JERSEY ST</name>
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          <isin value="US646039YP65"/>
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          <maturityDt>2030-06-01</maturityDt>
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        <name>CENTRL PLAINS ENERGY PROJ NE G</name>
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        <name>WESTSIDE CA UNION SCH DIST</name>
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        <name>CRESTVIEW OH LOCAL SCH DIST CO</name>
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        <name>CHAFFEY CA JT UNION HIGH SCH D</name>
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        <name>LAKE ELSINORE CA SCH FING AUTH</name>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
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      <invstOrSec>
        <name>SPOKANE WA PUBLIC FACS DIST HO</name>
        <lei>N/A</lei>
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          <isin value="US849088DR76"/>
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      <invstOrSec>
        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
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          <isin value="US39239HWU30"/>
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        <curCd>USD</curCd>
        <valUSD>233237.05000000</valUSD>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>AVON NY CENTRL SCH DIST</name>
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          <isin value="US054200JT86"/>
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        <curCd>USD</curCd>
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          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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        <name>LAS VEGAS NV CONVENTION &amp; VISI</name>
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          <isin value="US51771FAT30"/>
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        <name>ARLINGTON TX TAX INCREMENT REV</name>
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          <isin value="US04184HAF91"/>
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        <name>LONG BEACH CA UNIF SCH DIST</name>
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          <isin value="US542433WE30"/>
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        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
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          <isin value="US167615W583"/>
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          <maturityDt>2035-01-01</maturityDt>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <name>EL CAMINO CA CMNTY CLG DIST</name>
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        <name>CICERO IL</name>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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        <name>KENDALL KANE &amp; WILL CNTYS IL C</name>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <name>TEXAS ST MUNI GAS ACQUISITION&amp;</name>
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      <invstOrSec>
        <name>NORTH EAST PA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US659213GK22"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KANE &amp; DE KALB CNTYS IL CMNTY</name>
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          <isin value="US483764GR15"/>
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        <curCd>USD</curCd>
        <valUSD>395382.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>HAZLE TWP PA MUNI AUTH SWR REV</name>
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          <isin value="US421793AU45"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAMERON PARISH LA SCH DIST #15</name>
        <lei>N/A</lei>
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          <isin value="US133565BS94"/>
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        <curCd>USD</curCd>
        <valUSD>211060.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ADAMS ST UNIV CO INSTNL ENTERP</name>
        <lei>N/A</lei>
        <title>Adams State University</title>
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          <isin value="US006395AY34"/>
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        <balance>1125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1263124.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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          <isin value="US207758D427"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1533796.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OREGON ST</name>
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          <isin value="US68609TTV07"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ERIE PA</name>
        <lei>N/A</lei>
        <title>City of Erie PA</title>
        <cusip>295407Q52</cusip>
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          <isin value="US295407Q525"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>416618.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GRAND FORKS ND HLTH CARE SYS R</name>
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          <isin value="US38546WDH07"/>
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        <curCd>USD</curCd>
        <valUSD>1371485.64000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
        <lei>N/A</lei>
        <title>Madison County Community Unit School District No 8 Bethalto</title>
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          <isin value="US557038FF86"/>
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        <balance>200000.00000000</balance>
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        <valUSD>202655.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>HOUSTON TX HGR EDU FIN CORP UN</name>
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          <maturityDt>2023-10-01</maturityDt>
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          <annualizedRt>1.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MISSISSIPPI ST</name>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTH SPRINGS FL IMPT DIST</name>
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        <title>North Springs Improvement District</title>
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          <isin value="US662542CX50"/>
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        <name>FISHERS IN SEWAGE WKS REVENUE</name>
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          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>BOLINGBROOK IL</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>LAWRENCE CNTY SD COPS</name>
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        <name>DALLAS TX INDEP SCH DIST</name>
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          <isin value="US235308SD63"/>
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        <invCountry>US</invCountry>
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        <name>COAST CA CMNTY CLG DIST</name>
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        <name>WESTMINSTER CA SCH DIST</name>
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      <invstOrSec>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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          <isin value="US041806U816"/>
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        <curCd>USD</curCd>
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          <maturityDt>2024-08-15</maturityDt>
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        <name>IDAHO ST HSG &amp; FIN ASSN</name>
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          <maturityDt>2033-07-15</maturityDt>
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        <name>CAMBRIA CNTY PA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
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        <name>WASHINGTON ST CONVENTION CENTE</name>
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          <isin value="US93976AEH14"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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        <name>ALABAMA CMNTY CLG SYS BRD OF T</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK CITY NY HSG DEV CORP</name>
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        <name>SOUTH JERSEY NJ PORT CORP</name>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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        <name>TEMPLE TX TAX INCR</name>
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          <isin value="US880157BN16"/>
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        <name>YOUNGSVILLE LA SALES TAX</name>
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        <name>INDEPENDENT CITIES FIN AUTH CA</name>
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        <name>MOJAVE CA WTR AGY REVENUE</name>
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        <name>SAINT CHARLES IL</name>
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        <invCountry>US</invCountry>
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        <name>MOUNT DIABLO CA UNIF SCH DIST</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAINT LOUIS MO MUNI FIN CORP L</name>
        <lei>549300CR13DAYKUKQN03</lei>
        <title>St Louis Municipal Finance Corp</title>
        <cusip>79166BAX7</cusip>
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          <isin value="US79166BAX73"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106778.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIV OF CALIFORNIA CA REVENUES</name>
        <lei>N/A</lei>
        <title>University of California</title>
        <cusip>91412HAC7</cusip>
        <identifiers>
          <isin value="US91412HAC79"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100129.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
        <lei>N/A</lei>
        <title>Sacramento City Unified School District/CA</title>
        <cusip>785870RH1</cusip>
        <identifiers>
          <isin value="US785870RH13"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>287467.99000000</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>2024-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615C84</cusip>
        <identifiers>
          <isin value="US167615C841"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>513048.25000000</valUSD>
        <pctVal>0.223059496755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CARNEGIE PA</name>
        <lei>N/A</lei>
        <title>Borough of Carnegie PA</title>
        <cusip>143537EU8</cusip>
        <identifiers>
          <isin value="US143537EU83"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75287.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTILITY</name>
        <lei>N/A</lei>
        <title>Fort Bend County Municipal Utility District No 23</title>
        <cusip>34679RPE3</cusip>
        <identifiers>
          <isin value="US34679RPE35"/>
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        <balance>205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>211669.18000000</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>2024-09-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIAMI BEACH FL HLTH FACS AUTH</name>
        <lei>N/A</lei>
        <title>Miami Beach Health Facilities Authority</title>
        <cusip>593211FJ9</cusip>
        <identifiers>
          <isin value="US593211FJ94"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>487833.70000000</valUSD>
        <pctVal>0.212096892684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STONE PARK IL</name>
        <lei>N/A</lei>
        <title>Village of Stone Park IL</title>
        <cusip>861700EV0</cusip>
        <identifiers>
          <isin value="US861700EV07"/>
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        <balance>135000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>136839.12000000</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>2023-02-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTILITY</name>
        <lei>N/A</lei>
        <title>Fort Bend County Municipal Utility District No 23</title>
        <cusip>34679RPD5</cusip>
        <identifiers>
          <isin value="US34679RPD51"/>
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        <balance>395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>403931.54000000</valUSD>
        <pctVal>0.175618503787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-09-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WYOMING MI PUBLIC SCHS</name>
        <lei>N/A</lei>
        <title>Wyoming Public Schools</title>
        <cusip>983323SZ0</cusip>
        <identifiers>
          <isin value="US983323SZ06"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>507238.35000000</valUSD>
        <pctVal>0.220533509442</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp</title>
        <cusip>650116EG7</cusip>
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          <isin value="US650116EG76"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>161124.17000000</valUSD>
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        <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>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAMERON PARISH LA SCH DIST #15</name>
        <lei>N/A</lei>
        <title>Cameron Parish School District No 15</title>
        <cusip>133565BR1</cusip>
        <identifiers>
          <isin value="US133565BR12"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125927.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLORIDA ST MUNI PWR AGY</name>
        <lei>549300M3I10QJUPNU131</lei>
        <title>Florida Municipal Power Agency</title>
        <cusip>342816R98</cusip>
        <identifiers>
          <isin value="US342816R981"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>476986.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CICERO IL</name>
        <lei>N/A</lei>
        <title>Town of Cicero IL</title>
        <cusip>171646RR5</cusip>
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          <isin value="US171646RR58"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234383.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO ST HLTH FACS AUTH HOS</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority</title>
        <cusip>19648FKK9</cusip>
        <identifiers>
          <isin value="US19648FKK92"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>98200.66000000</valUSD>
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        <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>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTH SPRINGS FL IMPT DIST</name>
        <lei>N/A</lei>
        <title>North Springs Improvement District</title>
        <cusip>662542CV9</cusip>
        <identifiers>
          <isin value="US662542CV94"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>426919.92000000</valUSD>
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        <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>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WOODFORD LASALLE LIVINGSTON ET</name>
        <lei>N/A</lei>
        <title>Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest</title>
        <cusip>979412BW2</cusip>
        <identifiers>
          <isin value="US979412BW24"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>519351.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
        <lei>549300DJQHPGXYF1M317</lei>
        <title>Louisville &amp; Jefferson County Visitors and Convention Commission</title>
        <cusip>546604FT1</cusip>
        <identifiers>
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        <name>CRESTVIEW OH LOCAL SCH DIST CO</name>
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        <name>ILLINOIS ST</name>
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      <invstOrSec>
        <name>WYANDOTTE CNTY KS UNIF SCH DIS</name>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
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          <maturityDt>2023-10-01</maturityDt>
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      <invstOrSec>
        <name>FLORIDA ST BRD OF EDU PUBLIC E</name>
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          <isin value="US34153PR421"/>
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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>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OIL CITY PA</name>
        <lei>N/A</lei>
        <title>City of Oil City PA</title>
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          <isin value="US677789EL94"/>
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        <curCd>USD</curCd>
        <valUSD>910002.49000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MUNI ELEC AUTH OF GEORGIA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>Municipal Electric Authority of Georgia</title>
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          <isin value="US6262074D38"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
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      <invstOrSec>
        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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        <title>Maine Health &amp; Higher Educational Facilities Authority</title>
        <cusip>56042RG48</cusip>
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          <isin value="US56042RG485"/>
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        <curCd>USD</curCd>
        <valUSD>258652.82000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45203HB50</cusip>
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          <isin value="US45203HB505"/>
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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>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALABAMA CMNTY CLG SYS BRD OF T</name>
        <lei>N/A</lei>
        <title>Alabama Community College System</title>
        <cusip>01025PMD2</cusip>
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          <isin value="US01025PMD23"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>429573.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RHODE ISLAND ST &amp; PROVIDENCE P</name>
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        <title>State of Rhode Island</title>
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          <isin value="US76222RWM05"/>
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        <valUSD>1068578.80000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MACON &amp; DE WITT CNTYS IL CMNTY</name>
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        <title>Macon &amp; De Witt Counties Community Unit School District No 2 Maroa-Forsyth</title>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>SAN ANTONIO TX ELEC &amp; GAS REVE</name>
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        <title>City of San Antonio TX Electric &amp; Gas Systems Revenue</title>
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          <isin value="US79625GDQ38"/>
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          <maturityDt>2037-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>UPPER DARBY PA SCH DIST</name>
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          <isin value="US915633MH19"/>
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        <name>FLORIDA DEV FIN CORP HLTHCAREF</name>
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        <name>KING CNTY WA SWR REVENUE</name>
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        <title>County of King WA Sewer Revenue</title>
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        <name>LAKEVIEW MI PUBLIC SCH DIST</name>
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          <maturityDt>2022-11-01</maturityDt>
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        <name>CRYSTAL VLY CO MET DIST #2</name>
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        <issuerCat>MUN</issuerCat>
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        <name>SALES TAX SECURITIZATION CORP</name>
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      <invstOrSec>
        <name>TRI-VLY SD SCH DIST #49-6</name>
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          <maturityDt>2032-07-15</maturityDt>
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        <name>CHICAGO HEIGHTS IL</name>
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        <curCd>USD</curCd>
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          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
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          <isin value="US167615D757"/>
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        <curCd>USD</curCd>
        <valUSD>256896.15000000</valUSD>
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          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NORTH SPRINGS FL IMPT DIST</name>
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          <isin value="US662542CQ00"/>
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        <name>OMAHA NE</name>
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          <maturityDt>2025-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>SUFFOLK CNTY NY</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>HARTFORD CT</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>KING &amp; PIERCE CNTY WA SCH DIST</name>
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        <name>NORTHERN IL UNIV REVENUES</name>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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          <isin value="US70917SS533"/>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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          <isin value="US187145NT03"/>
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          <maturityDt>2031-08-15</maturityDt>
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        <name>WEST VIRGINIA ST HOSP FIN AUTH</name>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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          <isin value="US59447TK853"/>
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          <maturityDt>2034-06-01</maturityDt>
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        <name>VETERANS IL PARK DIST</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-12-15</maturityDt>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AZB69"/>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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          <isin value="US13063CY876"/>
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        <name>NEW JERSEY ST HLTH CARE FACS F</name>
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        <title>New Jersey Health Care Facilities Financing Authority</title>
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          <isin value="US64579F7Q09"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>SAN ANTONIO TX ELEC &amp; GAS REVE</name>
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          <isin value="US7962535T52"/>
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        <curCd>USD</curCd>
        <valUSD>258424.83000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAIN STREET NATURAL GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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          <isin value="US56035DDH26"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BIRMINGHAM AL ARPT AUTH ARPT R</name>
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        <title>Birmingham Airport Authority</title>
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          <isin value="US090888GR35"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WHEELING WV WTRWKS &amp; SWR SYS R</name>
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          <isin value="US963270GB37"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOUSTON TX HOTEL OCCUPANCY TAX</name>
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        <title>City of Houston TX Hotel Occupancy Tax &amp; Special Revenue</title>
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          <isin value="US44237NFN75"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-01</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FW917"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>PARK FOREST IL</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>S WSTRN IL DEV AUTH</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
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          <isin value="US84552YPK19"/>
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        <lei>N/A</lei>
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        <name>HAYWARD CA REDEV AGY SUCCESSOR</name>
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        <name>LANCASTER PA INDL DEV AUTH</name>
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      <invstOrSec>
        <name>S WSTRN IL DEV AUTH</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</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>BALTIMORE MD PROJ REVENUE</name>
        <lei>N/A</lei>
        <title>City of Baltimore MD</title>
        <cusip>05922KG94</cusip>
        <identifiers>
          <isin value="US05922KG949"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>922764.60000000</valUSD>
        <pctVal>0.401193079402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74444VBD1</cusip>
        <identifiers>
          <isin value="US74444VBD10"/>
        </identifiers>
        <balance>40000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>40753.50000000</valUSD>
        <pctVal>0.017718519069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW HAMPSHIRE ST BUSINESS FIN</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>644684DR0</cusip>
        <identifiers>
          <isin value="US644684DR04"/>
        </identifiers>
        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>680773.01000000</valUSD>
        <pctVal>0.295981684013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIAMI-DADE CNTY FL SCH BRD COP</name>
        <lei>549300J3U4QVT6U3O129</lei>
        <title>School Board of Miami-Dade County/The</title>
        <cusip>59333MH57</cusip>
        <identifiers>
          <isin value="US59333MH575"/>
        </identifiers>
        <balance>260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266976.40000000</valUSD>
        <pctVal>0.116074114724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency</title>
        <cusip>45884AA37</cusip>
        <identifiers>
          <isin value="US45884AA376"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>575832.95000000</valUSD>
        <pctVal>0.250356585451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CNTY AL PUBLIC BLDG</name>
        <lei>N/A</lei>
        <title>Montgomery County Public Facilities Authority/AL</title>
        <cusip>613209EF8</cusip>
        <identifiers>
          <isin value="US613209EF81"/>
        </identifiers>
        <balance>1220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1256643.43000000</valUSD>
        <pctVal>0.546354560406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</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 URBAN DEV CORP REV</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>New York State Urban Development Corp</title>
        <cusip>650036AF3</cusip>
        <identifiers>
          <isin value="US650036AF37"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>557033.35000000</valUSD>
        <pctVal>0.242183028061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-15</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>NEW JERSEY ST ECON DEV AUTH RE</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
        <cusip>64577XBC9</cusip>
        <identifiers>
          <isin value="US64577XBC92"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>971753.90000000</valUSD>
        <pctVal>0.422492301462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OYSTER BAY NY</name>
        <lei>N/A</lei>
        <title>Town of Oyster Bay NY</title>
        <cusip>692160RP1</cusip>
        <identifiers>
          <isin value="US692160RP10"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>511810.05000000</valUSD>
        <pctVal>0.222521160898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp</title>
        <cusip>649519DU6</cusip>
        <identifiers>
          <isin value="US649519DU66"/>
        </identifiers>
        <balance>1070000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>851935.50000000</valUSD>
        <pctVal>0.370398503255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59259YD22</cusip>
        <identifiers>
          <isin value="US59259YD220"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>255104.45000000</valUSD>
        <pctVal>0.110912512101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</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>ALBANY CNTY NY ARPT AUTH</name>
        <lei>N/A</lei>
        <title>Albany County Airport Authority</title>
        <cusip>012123MV4</cusip>
        <identifiers>
          <isin value="US012123MV48"/>
        </identifiers>
        <balance>370000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>376708.91000000</valUSD>
        <pctVal>0.163782840868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-15</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>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990FPV0</cusip>
        <identifiers>
          <isin value="US64990FPV03"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>496031.95000000</valUSD>
        <pctVal>0.215661269951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEXAS ST TURNPIKE AUTH CENTRLT</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System</title>
        <cusip>882762FE2</cusip>
        <identifiers>
          <isin value="US882762FE24"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>664752.15000000</valUSD>
        <pctVal>0.289016247586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>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>CAMDEN NY CENTRL SCH DIST</name>
        <lei>N/A</lei>
        <title>Camden Central School District</title>
        <cusip>133123LW7</cusip>
        <identifiers>
          <isin value="US133123LW75"/>
        </identifiers>
        <balance>1390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1428069.32000000</valUSD>
        <pctVal>0.620885898841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-15</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>
    </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>2022-06-27</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
