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        <name>CLARK CNTY NV SCH DIST</name>
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        <name>LYNWOOD CA UNIF SCH DIST</name>
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        <name>NEW HAVEN CT</name>
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        <name>FORT PIERCE FL UTILITIES AUTH</name>
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        <name>SANGAMON LOGAN &amp; MENARD CNTYS</name>
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        <name>GRANDVILLE MI PUBLIC SCH DIST</name>
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        <name>INDIANA CNTY PA INDL DEV AUTH</name>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
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          <maturityDt>2024-11-15</maturityDt>
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        <name>LOVE FIELD TX ARPT MODERNIZATI</name>
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        <name>CAMANCHE IA CMNTY SCH DIST</name>
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        <name>EL CERRITO CA SALES TAX REVENU</name>
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        <name>LINCOLN CNTY NE PUBLIC SCH DIS</name>
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      <invstOrSec>
        <name>S W HOUSTON TX REDEV AUTH TAX</name>
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          <maturityDt>2032-09-01</maturityDt>
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        <name>NEW YORK CITY NY MUNI WTR FIN</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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          <isin value="US64972GCT94"/>
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        <curCd>USD</curCd>
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          <maturityDt>2049-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.68000000</annualizedRt>
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      <invstOrSec>
        <name>EAST ORANGE NJ</name>
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          <isin value="US274137R422"/>
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          <maturityDt>2023-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEWARK NJ</name>
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          <isin value="US650367QE88"/>
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        <curCd>USD</curCd>
        <valUSD>220896.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BURLINGTON IA CMNTY SCH DIST S</name>
        <lei>N/A</lei>
        <title>Burlington Community School District Infrastructure Sales Services &amp; Use Tax</title>
        <cusip>12174PEM7</cusip>
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          <isin value="US12174PEM77"/>
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        <balance>1940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1966083.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
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        <title>Jesup Community School District</title>
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        <identifiers>
          <isin value="US477070BZ86"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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        <name>NASSAU CNTY NY</name>
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          <isin value="US63165T3C74"/>
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        <balance>3525000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59261ACH8</cusip>
        <identifiers>
          <isin value="US59261ACH86"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRIDGEPORT CT</name>
        <lei>N/A</lei>
        <title>City of Bridgeport CT</title>
        <cusip>108152KU2</cusip>
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          <isin value="US108152KU25"/>
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        <valUSD>1024325.76000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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        <title>West Delaware County Community School District Sales &amp; Services Tax Revenue</title>
        <cusip>952480AH4</cusip>
        <identifiers>
          <isin value="US952480AH44"/>
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        <name>SAUNDERS CNTY NE SCH DIST #1 A</name>
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          <isin value="US804494HP02"/>
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        <name>CLEVELAND OH PUBLIC PWR SYS RE</name>
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          <isin value="US186398MC41"/>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <title>North Carolina Turnpike Authority</title>
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          <isin value="US65830RCA59"/>
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        <name>HOUSTON TX HOTEL OCCUPANCY TAX</name>
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          <isin value="US44237NJB91"/>
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        <name>CAMDEN SC PUBLIC UTILITY REVEN</name>
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        <cusip>133159GF4</cusip>
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          <isin value="US133159GF47"/>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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          <isin value="US54628CYM80"/>
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          <maturityDt>2040-10-01</maturityDt>
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        <name>ERIE PA SWR AUTH</name>
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        <title>Erie Sewer Authority</title>
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          <isin value="US295533QD82"/>
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          <maturityDt>2035-12-01</maturityDt>
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        <name>SWEETWATER CA UNION HIGH SCH D</name>
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        <name>COMPTON CA UNIF SCH DIST COPS</name>
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        <name>CONOTTON VLY OH UN LOCAL SCH D</name>
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        <name>LEWIS POINTE CO MET DIST</name>
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        <name>MIDDLESEX CNTY NJ IMPT AUTH</name>
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          <maturityDt>2025-09-01</maturityDt>
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        <name>WAUKEGAN IL</name>
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          <isin value="US942860TY35"/>
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        <valUSD>1136445.88000000</valUSD>
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          <maturityDt>2037-12-30</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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        <cusip>103707BG9</cusip>
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          <isin value="US103707BG90"/>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>LINCOLN CNTY NE PUBLIC SCH DIS</name>
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        <title>Hershey Public Schools</title>
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          <isin value="US533297BX44"/>
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          <maturityDt>2042-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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          <isin value="US952480AU54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VAUXMONT MET DIST CO</name>
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          <isin value="US92242SAL79"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
        <cusip>54628CZK1</cusip>
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          <isin value="US54628CZK16"/>
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        <valUSD>218161.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>DALLAS CNTY AL</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>0.01000000</annualizedRt>
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        <name>KANKAKEE IL</name>
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          <maturityDt>2034-01-01</maturityDt>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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          <isin value="US103707BH73"/>
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        <name>NEW ORLEANS LA SEWAGE SVC REVE</name>
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          <isin value="US647719PR85"/>
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        <name>WOODFORD LASALLE LIVINGSTON ET</name>
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        <name>CHAUTAUQUA CNTY NY</name>
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          <maturityDt>2022-12-15</maturityDt>
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        <name>HARTFORD CT</name>
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          <maturityDt>2034-07-01</maturityDt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
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      <invstOrSec>
        <name>BURLINGTON VT ELEC REVENUE</name>
        <lei>N/A</lei>
        <title>City of Burlington VT Electric System Revenue</title>
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          <isin value="US122079MM57"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CITY NY INDL DEV AGY</name>
        <lei>549300XR20ZR5DHL9534</lei>
        <title>New York City Industrial Development Agency</title>
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          <isin value="US64971PEZ45"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Floating</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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        <title>Evansville Waterworks District</title>
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          <isin value="US299488GX87"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
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          <isin value="US54628CYN63"/>
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        <curCd>USD</curCd>
        <valUSD>231513.39000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ABAG CA FIN AUTH FOR NONPROFIT</name>
        <lei>549300EWVCCTI6O2KU84</lei>
        <title>Abag Finance Authority for Nonprofit Corps</title>
        <cusip>00037CWZ9</cusip>
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          <isin value="US00037CWZ93"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-02</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp</title>
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          <isin value="US64542YBA38"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GRAND RIVER CO HOSP DIST</name>
        <lei>N/A</lei>
        <title>Grand River Hospital District</title>
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          <isin value="US386448EQ33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>YONKERS NY</name>
        <lei>N/A</lei>
        <title>City of Yonkers NY</title>
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          <isin value="US986082F754"/>
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        <valUSD>258092.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NEW BRITAIN CT</name>
        <lei>549300MERJSUOPGAV271</lei>
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          <maturityDt>2044-09-01</maturityDt>
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        <name>WESTMORELAND CNTY PA MUNI AUTH</name>
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          <maturityDt>2023-08-15</maturityDt>
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        <name>NORTHERN IL UNIV REVENUES</name>
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          <isin value="US665245ZL35"/>
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        <name>MASSACHUSETTS ST</name>
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        <title>Commonwealth of Massachusetts</title>
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          <maturityDt>2037-05-01</maturityDt>
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        <name>MATAGORDA CNTY TX NAV DISRICT</name>
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        <name>OYSTER BAY NY</name>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <name>MOUNT PLEASANT WI TAX INCR REV</name>
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        <name>BRANDON SD WTR SURCHARGE REVEN</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BENZIE CNTY MI CENTRL SCHS</name>
        <lei>N/A</lei>
        <title>Benzie County Central Schools/MI</title>
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        <curCd>USD</curCd>
        <valUSD>1181575.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NTHRN AZ UNIV</name>
        <lei>N/A</lei>
        <title>Northern Arizona University</title>
        <cusip>6647546D5</cusip>
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          <isin value="US6647546D55"/>
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        <curCd>USD</curCd>
        <valUSD>1508204.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CASINO REINVESTMENT DEV AUTH N</name>
        <lei>N/A</lei>
        <title>Casino Reinvestment Development Authority Inc</title>
        <cusip>14760RAN1</cusip>
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          <isin value="US14760RAN17"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>530664.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ORANGE CITY IA WTR REVENUE</name>
        <lei>N/A</lei>
        <title>City of Orange City IA Water Revenue</title>
        <cusip>68417ECV3</cusip>
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          <isin value="US68417ECV39"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>668805.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BELMONT FRESH WTR SPLY DIST #1</name>
        <lei>N/A</lei>
        <title>Belmont Fresh Water Supply District No 1</title>
        <cusip>080375PA0</cusip>
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          <isin value="US080375PA00"/>
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        <balance>695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>700428.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALIQUIPPA PA MUNI WTR AUTH</name>
        <lei>N/A</lei>
        <title>Aliquippa Municipal Water Authority Water &amp; Sewer Revenue</title>
        <cusip>016332FJ2</cusip>
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          <isin value="US016332FJ25"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2236406.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MATAGORDA CNTY TX NAV DIST #1</name>
        <lei>N/A</lei>
        <title>Matagorda County Navigation District No 1</title>
        <cusip>576528CY7</cusip>
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          <isin value="US576528CY75"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>533554.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LINCOLN CNTY NE PUBLIC SCH DIS</name>
        <lei>N/A</lei>
        <title>Hershey Public Schools</title>
        <cusip>533297BS5</cusip>
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          <isin value="US533297BS58"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>353344.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
        <cusip>45129GKL8</cusip>
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          <isin value="US45129GKL85"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>850092.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>COMPTON CA CMNTY REDEV AGY SUC</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
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          <isin value="US542403DR83"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
        <lei>N/A</lei>
        <title>Lazy Nine Municipal Utility District No 1B</title>
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          <isin value="US52109HJS31"/>
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          <maturityDt>2022-09-01</maturityDt>
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        <name>ILLINOIS ST</name>
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        <title>State of Illinois</title>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <title>California Health Facilities Financing Authority</title>
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        <name>PASSAIC VLY NJ SEWAGE COMMISSI</name>
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        <invCountry>US</invCountry>
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        <name>MERCED CA IRR DIST ELEC SYS RE</name>
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        <title>Merced Irrigation District</title>
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        <balance>250000.00000000</balance>
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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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      </invstOrSec>
      <invstOrSec>
        <name>WOODFORD CNTY KY SCH DIST FINC</name>
        <lei>N/A</lei>
        <title>Woodford County School District Finance Corp</title>
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          <isin value="US979385MZ13"/>
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        <curCd>USD</curCd>
        <valUSD>1252291.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
        <lei>N/A</lei>
        <title>Lazy Nine Municipal Utility District No 1B</title>
        <cusip>52109HQB2</cusip>
        <identifiers>
          <isin value="US52109HQB23"/>
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        <balance>605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>621514.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GRAND PARKWAY TRANSPRTN CORP T</name>
        <lei>N/A</lei>
        <title>Grand Parkway Transportation Corp</title>
        <cusip>38611TDQ7</cusip>
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          <isin value="US38611TDQ76"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140957.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
        <title>Fort Pierce Utilities Authority</title>
        <cusip>348430PR4</cusip>
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          <isin value="US348430PR47"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>574676.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESSEX CNTY NJ IMPT AUTH</name>
        <lei>N/A</lei>
        <title>Essex County Improvement Authority</title>
        <cusip>29680PFB1</cusip>
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          <isin value="US29680PFB13"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506828.55000000</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>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <cusip>4521526M8</cusip>
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          <isin value="US4521526M81"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1121896.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RED OAK IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Red Oak Community School District</title>
        <cusip>756809ET2</cusip>
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          <isin value="US756809ET29"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>157519.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BELMONT FRESH WTR SPLY DIST #1</name>
        <lei>N/A</lei>
        <title>Belmont Fresh Water Supply District No 1</title>
        <cusip>080375PD4</cusip>
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          <isin value="US080375PD49"/>
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        <balance>2280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2292163.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIV OF WEST ALABAMA AL UNIV R</name>
        <lei>N/A</lei>
        <title>University of West Alabama</title>
        <cusip>915235EQ4</cusip>
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          <isin value="US915235EQ44"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>356877.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COOK CNTY IL SCH DIST #94</name>
        <lei>N/A</lei>
        <title>Cook County School District No 94</title>
        <cusip>214291HE9</cusip>
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          <isin value="US214291HE93"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>477677.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIV OF WYOMING WY UNIV REVENU</name>
        <lei>N/A</lei>
        <title>University of Wyoming</title>
        <cusip>915268H25</cusip>
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          <isin value="US915268H256"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1732448.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST TURNPIKE AUTH CENTRL</name>
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        <title>Central Texas Turnpike System</title>
        <cusip>882762DY0</cusip>
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          <isin value="US882762DY06"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>664572.94000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CATASAUQUA PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Catasauqua Area School District</title>
        <cusip>149045SK3</cusip>
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          <isin value="US149045SK32"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75769.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>HERONS GLEN FL RECREATION DIST</name>
        <lei>N/A</lei>
        <title>Herons Glen Recreation District</title>
        <cusip>427747BF6</cusip>
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          <isin value="US427747BF62"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>175888.09000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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        <name>UNION CITY NJ</name>
        <lei>N/A</lei>
        <title>City of Union City NJ</title>
        <cusip>905734NX3</cusip>
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          <isin value="US905734NX33"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1277422.79000000</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>2024-08-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
        <lei>254900I3VDCQ58UGBR15</lei>
        <title>Metropolitan Pier &amp; Exposition Authority</title>
        <cusip>592248BC1</cusip>
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          <isin value="US592248BC11"/>
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        <balance>720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264215.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey Educational Facilities Authority</title>
        <cusip>646067EF1</cusip>
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          <isin value="US646067EF17"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>846555.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA CNTY PA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Indiana County Industrial Development Authority</title>
        <cusip>45469NEB0</cusip>
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          <isin value="US45469NEB01"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>643257.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2033-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN MATEO CALIF SPL TAX</name>
        <lei>N/A</lei>
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          <isin value="US79901PCX42"/>
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        <curCd>USD</curCd>
        <valUSD>5106241.51000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp</title>
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          <isin value="US649519FE07"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2611044.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTH LAS VEGAS NV</name>
        <lei>N/A</lei>
        <title>City of North Las Vegas NV</title>
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          <isin value="US660393R928"/>
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        <balance>1055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1098755.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <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>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2380264.00000000</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>1.68000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank</title>
        <cusip>455280L96</cusip>
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          <isin value="US455280L960"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>436809.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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        <title>Greater Asheville Regional Airport Authority</title>
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          <isin value="US39160CAQ06"/>
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        <balance>3250000.00000000</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>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STERLING IL</name>
        <lei>N/A</lei>
        <title>City of Sterling IL</title>
        <cusip>859332HV3</cusip>
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          <isin value="US859332HV38"/>
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        <balance>635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>649660.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY-HOUSTON TX SPORTS</name>
        <lei>N/A</lei>
        <title>Harris County-Houston Sports Authority</title>
        <cusip>413890CZ5</cusip>
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          <isin value="US413890CZ54"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>234137.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HAYWARD CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Hayward Unified School District</title>
        <cusip>4212905R4</cusip>
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          <isin value="US4212905R42"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1014229.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAUKEGAN IL</name>
        <lei>N/A</lei>
        <title>City of Waukegan IL</title>
        <cusip>942860TX5</cusip>
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          <isin value="US942860TX51"/>
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        <balance>1065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1130503.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-30</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>
        <name>TEXAS ST TURNPIKE AUTH CENTRL</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System</title>
        <cusip>882762AT4</cusip>
        <identifiers>
          <isin value="US882762AT48"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>814099.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
        <lei>N/A</lei>
        <title>West Delaware County Community School District Sales &amp; Services Tax Revenue</title>
        <cusip>952480AG6</cusip>
        <identifiers>
          <isin value="US952480AG60"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489393.41000000</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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>171646SD5</cusip>
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          <isin value="US171646SD53"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521204.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMRO WI SCH DIST</name>
        <lei>N/A</lei>
        <title>Omro School District</title>
        <cusip>682150EX1</cusip>
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          <isin value="US682150EX18"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31369.47000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DE KALB &amp; KANE CNTYS IL CMNTYU</name>
        <lei>549300R12UM6R707ID46</lei>
        <title>Community Unit School District Number 427 DeKalb and Kane Counties Illinois</title>
        <cusip>240361RR8</cusip>
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          <isin value="US240361RR88"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>422482.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp</title>
        <cusip>79467BCX1</cusip>
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          <isin value="US79467BCX10"/>
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        <balance>2030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2311206.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TIMBER LANE TX UTILITY DIST</name>
        <lei>N/A</lei>
        <title>Timber Lane Utility District</title>
        <cusip>887127ZS0</cusip>
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          <isin value="US887127ZS07"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>344081.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
        <lei>N/A</lei>
        <title>Madison County Community Unit School District No 7 Edwardsville</title>
        <cusip>557021JR4</cusip>
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      <invstOrSec>
        <name>HERCULES CA REDEV AGY SUCCESSO</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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          <isin value="US13049YFE68"/>
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      <invstOrSec>
        <name>GREATER OUACHITA WTR CO INC LA</name>
        <lei>N/A</lei>
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          <isin value="US392276AS06"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST CONVENTION CENTER</name>
        <lei>N/A</lei>
        <title>New York Convention Center Development Corp</title>
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          <isin value="US649451HU88"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARK 70 CO MET DIST</name>
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          <isin value="US70014RAP29"/>
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        <curCd>USD</curCd>
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          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CRESTVIEW OH LOCAL SCH DIST CO</name>
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          <isin value="US226328AN25"/>
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          <maturityDt>2048-12-01</maturityDt>
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      <invstOrSec>
        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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          <isin value="US682440DF60"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>SUFFOLK CNTY NY</name>
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          <maturityDt>2028-10-15</maturityDt>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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          <isin value="US52109HQG10"/>
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        <name>SAN MATEO CA UNION HIGH SCH DI</name>
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        <name>INDIO CA PUBLIC FING AUTH</name>
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          <isin value="US45571LDP94"/>
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          <maturityDt>2042-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>RIVERBANK CA UNIF SCH DIST</name>
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        <title>Riverbank Unified School District</title>
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          <maturityDt>2048-08-01</maturityDt>
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        <name>PUBLIC FIN AUTH WI STUDENT HSG</name>
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          <isin value="US74439YDQ17"/>
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        <name>LELAND MI PUBLIC SCH DIST</name>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
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        <title>Jesup Community School District</title>
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          <isin value="US477070BQ87"/>
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        <name>SUSANVILLE CA NATURAL GAS REVE</name>
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          <isin value="US869082AS64"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>GREATER CLARK IN BLDG CORP</name>
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          <isin value="US39167GJP72"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
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        <name>DODGE CNTY NE SCH DIST #1</name>
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      <invstOrSec>
        <name>ORANGE CITY IA WTR REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KLICKITAT CNTY WA PUBLIC UTILI</name>
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        <curCd>USD</curCd>
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          <maturityDt>2037-12-01</maturityDt>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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          <isin value="US04052VAQ32"/>
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        <curCd>USD</curCd>
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          <maturityDt>2039-06-01</maturityDt>
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        <name>SALINAS VLY CA SOL WST AUTH</name>
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          <isin value="US795036BU55"/>
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        <curCd>USD</curCd>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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          <isin value="US167505EC66"/>
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        <balance>1575000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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          <isin value="US682440DG44"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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          <isin value="US767000EZ17"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>Chicago Board of Education</title>
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          <isin value="US167501VB86"/>
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        <curCd>USD</curCd>
        <valUSD>482310.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
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          <isin value="US416415JF50"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21344.71000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MUNI ELEC AUTH OF GEORGIA</name>
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          <isin value="US6262078B36"/>
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        <balance>300000.00000000</balance>
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          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SOUTH SLOANS LAKE MET DIST #2</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <title>Northern Illinois University</title>
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          <isin value="US665245ZB52"/>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <name>CHICAGO IL WSTWTR TRANSMISSION</name>
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        <name>ALLEGHENY VLY PA JT SEWAGE AUT</name>
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        <name>ONTARIO CA MONTCLAIR SCH DIST</name>
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        <title>Ontario Montclair School District</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-08-01</maturityDt>
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        <name>LOUISIANA ST ENERGY &amp; PWR AUTH</name>
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        <balance>445000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COLLINS-MAXWELL IA CMNTY SCH D</name>
        <lei>N/A</lei>
        <title>Collins-Maxwell Community School District Sales Services &amp; Use Tax Revenue</title>
        <cusip>194874AU7</cusip>
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          <isin value="US194874AU73"/>
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        <curCd>USD</curCd>
        <valUSD>181932.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONTGOMERY CNTY TX MUNI UTIL D</name>
        <lei>N/A</lei>
        <title>Montgomery County Municipal Utility District No 95</title>
        <cusip>61370NMK6</cusip>
        <identifiers>
          <isin value="US61370NMK62"/>
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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>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNION CNTY IL</name>
        <lei>N/A</lei>
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        <cusip>906179EF9</cusip>
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          <isin value="US906179EF93"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>387558.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DELAWARE ST ECON DEV AUTH REVE</name>
        <lei>N/A</lei>
        <title>Delaware State Economic Development Authority</title>
        <cusip>246387SH8</cusip>
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          <isin value="US246387SH86"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>309880.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESTRN MICHIGAN UNIV REVENUES</name>
        <lei>549300K3C21R17LKDU63</lei>
        <title>Eastern Michigan University</title>
        <cusip>276731ZK5</cusip>
        <identifiers>
          <isin value="US276731ZK58"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>356715.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALEM CNTY NJ IMPT AUTH</name>
        <lei>N/A</lei>
        <title>Salem County Improvement Authority</title>
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        <identifiers>
          <isin value="US794102GS64"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>557317.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MACON CNTY IL SCH DIST #61</name>
        <lei>N/A</lei>
        <title>Macon County School District No 61 Decatur</title>
        <cusip>555597HZ9</cusip>
        <identifiers>
          <isin value="US555597HZ95"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26731.31000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Jesup Community School District</title>
        <cusip>477070BR6</cusip>
        <identifiers>
          <isin value="US477070BR60"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>611503.74000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank</title>
        <cusip>455280M20</cusip>
        <identifiers>
          <isin value="US455280M208"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>388403.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FAIRMONT WV WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Fairmont WV Water Revenue</title>
        <cusip>305459FT1</cusip>
        <identifiers>
          <isin value="US305459FT19"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165380.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YONKERS NY</name>
        <lei>N/A</lei>
        <title>City of Yonkers NY</title>
        <cusip>986082F67</cusip>
        <identifiers>
          <isin value="US986082F671"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>268299.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PORT AUTH OF NEW YORK &amp; NEW JE</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey</title>
        <cusip>73358XFS6</cusip>
        <identifiers>
          <isin value="US73358XFS62"/>
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        <balance>765000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>WAUKEGAN IL WTR &amp; SWR REVENUE</name>
        <lei>N/A</lei>
        <title>City of Waukegan IL Water &amp; Sewer System Revenue</title>
        <cusip>943011LA2</cusip>
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          <isin value="US943011LA29"/>
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        <balance>485000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-30</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>WARRIOR RIVER AL WTR AUTH WTRR</name>
        <lei>N/A</lei>
        <title>Warrior River Water Authority</title>
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          <isin value="US936268JV48"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
        <lei>549300BJRX2FHSSZP042</lei>
        <title>Colorado Educational &amp; Cultural Facilities Authority</title>
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          <isin value="US19645UCY82"/>
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        <balance>1015000.00000000</balance>
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        <valUSD>1108537.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
        <lei>N/A</lei>
        <title>Oneida County Local Development Corp</title>
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          <isin value="US682440DE95"/>
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        <balance>1370000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIAGARA FALLS NY CITY SCH DIST</name>
        <lei>N/A</lei>
        <title>Niagara Falls City School District</title>
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          <isin value="US653424DG37"/>
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        <balance>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>CHICAGO IL BRD OF EDU</name>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>AMBRIDGE PA AREA SCH DIST</name>
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          <maturityDt>2022-11-01</maturityDt>
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      <invstOrSec>
        <name>MUNCIE IN SANTN DIST REVENUE</name>
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          <isin value="US625847EZ71"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHELAN CNTY WA PUBLIC UTILITY</name>
        <lei>5493004E8FN9GU2SU067</lei>
        <title>Chelan County Public Utility District No 1</title>
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          <isin value="US163123MU32"/>
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        <curCd>USD</curCd>
        <valUSD>96161.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
        <title>Fort Pierce Utilities Authority</title>
        <cusip>348430PS2</cusip>
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          <isin value="US348430PS20"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>573141.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>RACINE WI WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Racine WI Waterworks System Revenue</title>
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          <isin value="US750055MF94"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MUNI ELEC AUTH OF GEORGIA</name>
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          <isin value="US6262078F40"/>
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        <balance>570000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>566472.61000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NEW JERSEY ST ECON DEV AUTH MT</name>
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        <title>New Jersey Economic Development Authority</title>
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          <isin value="US64578JBK16"/>
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        <curCd>USD</curCd>
        <valUSD>154431.63000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>JACKSON MS</name>
        <lei>549300XZ1LXKERRRSP27</lei>
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          <isin value="US4684306L27"/>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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          <isin value="US04052VAK61"/>
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        <curCd>USD</curCd>
        <valUSD>261062.13000000</valUSD>
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          <maturityDt>2034-06-01</maturityDt>
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        <name>LIVONIA MI PUBLIC SCHS SCH DIS</name>
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          <isin value="US539243VL61"/>
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          <maturityDt>2029-05-01</maturityDt>
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        <name>COOK CNTY IL SALES TAX REVENUE</name>
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          <isin value="US213248CQ82"/>
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          <maturityDt>2040-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <title>Northern Illinois University</title>
        <cusip>665245ZH2</cusip>
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          <isin value="US665245ZH23"/>
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        <balance>1650000.00000000</balance>
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          <maturityDt>2038-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</title>
        <cusip>592643BE9</cusip>
        <identifiers>
          <isin value="US592643BE93"/>
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        <balance>1635000.00000000</balance>
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        <valUSD>955910.27000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>UPPER TRINITY TX REGL WTR DIST</name>
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          <isin value="US916672P855"/>
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        <balance>1500000.00000000</balance>
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          <maturityDt>2046-08-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>WILL CNTY IL CMNTY UNIT SCH DI</name>
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        <title>Will County Community Unit School District No 201-U Crete-Monee</title>
        <cusip>969003QX3</cusip>
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          <isin value="US969003QX30"/>
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        <balance>480000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>LINCOLN CNTY NE PUBLIC SCH DIS</name>
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        <title>Hershey Public Schools</title>
        <cusip>533297BW6</cusip>
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          <isin value="US533297BW60"/>
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        <balance>500000.00000000</balance>
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        <valUSD>508626.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>GOLD HILL MESA MET DIST #2 CO</name>
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        <name>COLLINS-MAXWELL IA CMNTY SCH D</name>
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        <name>MET ATLANTA GA RAPID TRANSIT A</name>
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          <maturityDt>2024-07-01</maturityDt>
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        <name>KANE CNTY IL SCH DIST #129 AUR</name>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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        <name>VISTA CA UNIF SCH DIST</name>
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        <name>CHICAGO IL</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>LANCASTER PA SCH DIST</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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        <name>RENO NV CAPITAL IMPT REVENUE</name>
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          <maturityDt>2032-06-01</maturityDt>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>CHELAN CNTY WA PUBLIC UTILITY</name>
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        <name>SAINT LUCIE CNTY FL SCH DIST S</name>
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        <name>WAUKEGAN IL WTR &amp; SWR REVENUE</name>
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        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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        <name>LYNCHBURG VA ECON DEV AUTH HOS</name>
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        <name>MIAMI FL PKG SYS REVENUE</name>
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      <invstOrSec>
        <name>SAN YSIDRO CA SCH DIST</name>
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          <isin value="US799561LY96"/>
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      <invstOrSec>
        <name>NEW YORK CITY NY INDL DEV AGY</name>
        <lei>549300XR20ZR5DHL9534</lei>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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          <maturityDt>2027-05-15</maturityDt>
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        <name>UTAH ST TRANSIT AUTH SALES TAX</name>
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          <isin value="US917565KD47"/>
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        <name>CHATTANOOGA TN HLTH EDUCTNL &amp;H</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AZW07"/>
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        <name>NEW YORK NY</name>
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        <name>NTHRN CO WTR CONSERVANCY DISTC</name>
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        <name>CLINTON IA CMNTY SCH DIST SCHI</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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          <maturityDt>2027-07-01</maturityDt>
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      <invstOrSec>
        <name>ILLINOIS ST SALES TAX REVENUE</name>
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          <isin value="US452226P983"/>
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          <maturityDt>2024-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>ROSEVILLE CA JT UNION HIGH SCH</name>
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          <isin value="US777857AL77"/>
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        <curCd>USD</curCd>
        <valUSD>135640.02000000</valUSD>
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          <maturityDt>2035-06-01</maturityDt>
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          <annualizedRt>2.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OYSTER BAY NY</name>
        <lei>N/A</lei>
        <title>Town of Oyster Bay NY</title>
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          <isin value="US692160SS40"/>
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        <curCd>USD</curCd>
        <valUSD>913592.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US646136TM34"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>438118.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTH WAYNE CNTY PA WTR &amp; SWRA</name>
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          <isin value="US840627AY93"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43923.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PHILADELPHIA PA ARPT REVENUE</name>
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        <title>City of Philadelphia PA Airport Revenue</title>
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          <isin value="US717817XV73"/>
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        <curCd>USD</curCd>
        <valUSD>1339336.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEASIDE OR TRANSIENT LODGING T</name>
        <lei>N/A</lei>
        <title>City of Seaside OR Transient Lodging Tax Revenue</title>
        <cusip>812513AN9</cusip>
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          <isin value="US812513AN92"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>448256.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Jesup Community School District</title>
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          <isin value="US477070BS44"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>635310.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>LEE CNTY FL TRANSPRTN FAC REVE</name>
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        <name>ANTIOCH CA UNIF SCH DIST</name>
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          <isin value="US037105LL57"/>
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          <maturityDt>2022-08-01</maturityDt>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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          <isin value="US952480AF87"/>
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        <name>SALINAS CA UNION HIGH SCH DIST</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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          <isin value="US13049YCM12"/>
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        <name>WEST MEMPHIS AR PUBLIC UTILITY</name>
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          <isin value="US954345FD10"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>BRANDON SD WTR SURCHARGE REVEN</name>
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      <invstOrSec>
        <name>BNC MET DIST #1 CO</name>
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          <isin value="US05567BAP40"/>
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      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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          <isin value="US785870RH13"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
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          <isin value="US542403DQ01"/>
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          <maturityDt>2042-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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          <isin value="US74526QLY60"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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      <invstOrSec>
        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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          <isin value="US74381MCP86"/>
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          <maturityDt>2035-09-15</maturityDt>
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      <invstOrSec>
        <name>WEST MEMPHIS AR PUBLIC UTILITY</name>
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        <title>City of West Memphis AR Public Utility System Revenue</title>
        <cusip>954345FC3</cusip>
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          <isin value="US954345FC37"/>
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        <balance>100000.00000000</balance>
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        <valUSD>102963.73000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CALCASIEU PARISH LA SCH DIST #</name>
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        <title>Calcasieu Parish School District No 23</title>
        <cusip>128492JP1</cusip>
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          <isin value="US128492JP14"/>
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        <curCd>USD</curCd>
        <valUSD>469497.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
        <cusip>54628CZN5</cusip>
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          <isin value="US54628CZN54"/>
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        <balance>715000.00000000</balance>
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        <valUSD>730552.61000000</valUSD>
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      <invstOrSec>
        <name>FRANKFORT KY SWR REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US352334CU87"/>
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          <maturityDt>2022-12-01</maturityDt>
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        <name>PORT NEW ORLEANS LA BRD OF COM</name>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <title>Northern Illinois University</title>
        <cusip>665245ZJ8</cusip>
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          <isin value="US665245ZJ88"/>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
        <cusip>54628CQN5</cusip>
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          <isin value="US54628CQN55"/>
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        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
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          <isin value="US56042TAW80"/>
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        <name>PHILADELPHIA PA SCH DIST</name>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZG4</cusip>
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          <isin value="US665245ZG40"/>
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        <balance>550000.00000000</balance>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
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          <isin value="US592643DH07"/>
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      <invstOrSec>
        <name>CLIFTON NJ BRD OF EDU</name>
        <lei>N/A</lei>
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          <maturityDt>2044-08-15</maturityDt>
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      <invstOrSec>
        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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        <title>Chicago O'Hare International Airport</title>
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          <maturityDt>2047-01-01</maturityDt>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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        <curCd>USD</curCd>
        <valUSD>101570.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
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        <name>LOWER COLORADO RIVER TX AUTH T</name>
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        <title>Lower Colorado River Authority</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NAPA VLY CA UNIF SCH DIST</name>
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        <valUSD>507090.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>NEW BRITAIN CT</name>
        <lei>549300MERJSUOPGAV271</lei>
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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>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>INDIANA ST BOND BANK REVENUE</name>
        <lei>549300TZMGETS4ELEI93</lei>
        <title>Indiana Bond Bank</title>
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          <maturityDt>2022-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>WASHINGTON NJ BRD OF EDU</name>
        <lei>N/A</lei>
        <title>Washington Borough Board of Education/Warren County</title>
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          <maturityDt>2025-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US13049YFF34"/>
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        <balance>950000.00000000</balance>
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          <maturityDt>2034-05-15</maturityDt>
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        <name>YONKERS NY</name>
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        <name>OYSTER BAY NY</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>LA SALLE &amp; BUREAU CNTYS IL TWP</name>
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        <name>BALDWIN PARK CA UNIF SCH DIST</name>
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          <maturityDt>2023-08-01</maturityDt>
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        <name>KANSAS CITY MO INDL DEV AUTH A</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2046-03-01</maturityDt>
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      <invstOrSec>
        <name>CRAWFORD IL HOSP DIST</name>
        <lei>N/A</lei>
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        <cusip>225022CJ9</cusip>
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          <isin value="US225022CJ95"/>
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        <curCd>USD</curCd>
        <valUSD>722342.54000000</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>2034-01-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>BURLINGTON VT ELEC REVENUE</name>
        <lei>N/A</lei>
        <title>City of Burlington VT Electric System Revenue</title>
        <cusip>122079ML7</cusip>
        <identifiers>
          <isin value="US122079ML74"/>
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        <balance>1585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1814940.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
        <lei>N/A</lei>
        <title>Oneida County Local Development Corp</title>
        <cusip>682440BL5</cusip>
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          <isin value="US682440BL56"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>344008.62000000</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>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
        <lei>N/A</lei>
        <title>City of Shreveport LA Water &amp; Sewer Revenue</title>
        <cusip>825485WM3</cusip>
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          <isin value="US825485WM36"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>568703.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EAST ORANGE NJ</name>
        <lei>N/A</lei>
        <title>City of East Orange NJ</title>
        <cusip>274137V70</cusip>
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          <isin value="US274137V705"/>
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        <balance>1040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1065081.89000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615G98</cusip>
        <identifiers>
          <isin value="US167615G982"/>
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        <balance>1065000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KANKAKEE IL</name>
        <lei>549300Z3ZVLSXELVAS52</lei>
        <title>City of Kankakee IL</title>
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          <isin value="US484404YX01"/>
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        <balance>715000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59261AZU4</cusip>
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          <isin value="US59261AZU41"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358839.46000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
        <cusip>167501XB6</cusip>
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          <isin value="US167501XB68"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>79228.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EL CENTRO CA REDEV AGY SUCCESS</name>
        <lei>N/A</lei>
        <title>El Centro Redevelopment Agency Successor Agency</title>
        <cusip>282838AJ0</cusip>
        <identifiers>
          <isin value="US282838AJ01"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>319501.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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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        <balance>300000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIAGARA FALLS NY CITY SCH DIST</name>
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        <title>Niagara Falls City School District</title>
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          <isin value="US653420MW63"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LANCASTER CA FING AUTH REVENUE</name>
        <lei>N/A</lei>
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        <cusip>51378CBB5</cusip>
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          <isin value="US51378CBB54"/>
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        <balance>995000.00000000</balance>
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          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DECATUR IL</name>
        <lei>N/A</lei>
        <title>City of Decatur IL</title>
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          <isin value="US243127YG65"/>
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        <balance>2805000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
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          <annualizedRt>4.00000000</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>45204FAG0</cusip>
        <identifiers>
          <isin value="US45204FAG00"/>
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        <balance>1200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
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      <invstOrSec>
        <name>CRAWFORD CNTY KS UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Crawford County Unified School District No 250 Pittsburg</title>
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          <isin value="US224856FV17"/>
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        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
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      <invstOrSec>
        <name>PARK CREEK CO MET DIST REVENUE</name>
        <lei>N/A</lei>
        <title>Park Creek Metropolitan District</title>
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        <identifiers>
          <isin value="US700387HC07"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
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      <invstOrSec>
        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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        <title>Kelseyville Unified School District</title>
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          <isin value="US488224DN31"/>
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        <balance>155000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>PALMDALE CA ELEM SCH DIST SPL</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DE KALB &amp; KANE CNTYS IL CMNTYU</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
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          <isin value="US709223XA40"/>
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        <curCd>USD</curCd>
        <valUSD>513865.94000000</valUSD>
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        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>POWAY CA UNIF SCH DIST SPL TAX</name>
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        <title>Poway Unified School District</title>
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          <isin value="US738855N279"/>
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        <curCd>USD</curCd>
        <valUSD>1275965.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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          <isin value="US299488GY60"/>
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        <curCd>USD</curCd>
        <valUSD>1021348.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EUCLID OH CITY SCH DIST COPS</name>
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        <title>Euclid City School District</title>
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          <isin value="US298048AS85"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>409765.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATLANTIC CITY NJ BRD OF EDU</name>
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          <isin value="US048342GQ67"/>
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        <curCd>USD</curCd>
        <valUSD>349981.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CATASAUQUA PA AREA SCH DIST</name>
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        <title>Catasauqua Area School District</title>
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          <isin value="US149045SM97"/>
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        <balance>695000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>GROSSMONT CA UNION HIGH SCH DI</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>GREEN VLY TX SPL UTIL DIST WTR</name>
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          <maturityDt>2026-09-15</maturityDt>
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      <invstOrSec>
        <name>BALTIC SD SCH DIST #49-1</name>
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        <title>Baltic School District No 49-1</title>
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          <maturityDt>2024-07-15</maturityDt>
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        <name>ARLINGTON TX SPL TAX REVENUE</name>
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        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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        <name>WASHINGTON ST</name>
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          <maturityDt>2023-06-01</maturityDt>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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        <debtSec>
          <maturityDt>2047-06-15</maturityDt>
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        <name>MUNI ELEC AUTH OF GA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
        <title>City of Long Beach NY</title>
        <cusip>542519ER0</cusip>
        <identifiers>
          <isin value="US542519ER00"/>
        </identifiers>
        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>360396.08000000</valUSD>
        <pctVal>0.100568217973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEXAS ST TURNPIKE AUTH CENTRLT</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System</title>
        <cusip>882762FG7</cusip>
        <identifiers>
          <isin value="US882762FG71"/>
        </identifiers>
        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>92859.89000000</valUSD>
        <pctVal>0.025912472906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</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>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
        <cusip>416415FQ5</cusip>
        <identifiers>
          <isin value="US416415FQ51"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15602.43000000</valUSD>
        <pctVal>0.004353844750</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>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>BENTON/WASHINGTON AR REGL PUBL</name>
        <lei>N/A</lei>
        <title>Benton Washington Regional Public Water Authority</title>
        <cusip>083389FX9</cusip>
        <identifiers>
          <isin value="US083389FX94"/>
        </identifiers>
        <balance>2490000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2538461.63000000</valUSD>
        <pctVal>0.708355547384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</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>YOUNGSTOWN OH ST UNIV</name>
        <lei>N/A</lei>
        <title>Youngstown State University</title>
        <cusip>987720FA2</cusip>
        <identifiers>
          <isin value="US987720FA26"/>
        </identifiers>
        <balance>775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>860256.05000000</valUSD>
        <pctVal>0.240053715205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</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>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990G4G4</cusip>
        <identifiers>
          <isin value="US64990G4G43"/>
        </identifiers>
        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>460499.99000000</valUSD>
        <pctVal>0.128502128467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST HAVEN CT</name>
        <lei>N/A</lei>
        <title>City of West Haven CT</title>
        <cusip>953140T59</cusip>
        <identifiers>
          <isin value="US953140T594"/>
        </identifiers>
        <balance>925000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>978722.71000000</valUSD>
        <pctVal>0.273111735385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-15</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>
      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU</name>
        <lei>54930099NR6T9V7LVB43</lei>
        <title>Chicago Board of Education</title>
        <cusip>167501XA8</cusip>
        <identifiers>
          <isin value="US167501XA85"/>
        </identifiers>
        <balance>1295000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1176303.02000000</valUSD>
        <pctVal>0.328246351953</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>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-09-26</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
