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      <invstOrSec>
        <name>MIAMI FL PKG SYS REVENUE</name>
        <lei>N/A</lei>
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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>
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          <isin value="US214291HE93"/>
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        <valUSD>425909.26000000</valUSD>
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      <invstOrSec>
        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
        <lei>N/A</lei>
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          <isin value="US18925PGP71"/>
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          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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          <isin value="US838536MH03"/>
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        <curCd>USD</curCd>
        <valUSD>510802.50000000</valUSD>
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          <maturityDt>2037-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ERIE PA SWR AUTH</name>
        <lei>N/A</lei>
        <title>Erie Sewer Authority</title>
        <cusip>295533QD8</cusip>
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          <isin value="US295533QD82"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>493193.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BOURBONNAIS IL</name>
        <lei>N/A</lei>
        <title>Village of Bourbonnais IL</title>
        <cusip>102014EW3</cusip>
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          <isin value="US102014EW30"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>MATAGORDA CNTY TX NAV DISRICT</name>
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        <title>Matagorda County Navigation District No 1</title>
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          <isin value="US57652TAV98"/>
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        <balance>805000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
        <lei>N/A</lei>
        <title>Sacramento City Unified School District/CA</title>
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          <isin value="US785870E691"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261AJ991"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI STUDENT HSG</name>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
        <lei>N/A</lei>
        <title>Providence Public Building Authority</title>
        <cusip>74381MCP8</cusip>
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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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          <maturityDt>2039-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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        <title>Rio Blanco County School District No Re-1 Meeker</title>
        <cusip>767000EE8</cusip>
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          <isin value="US767000EE87"/>
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        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
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          <isin value="US665245ZJ88"/>
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        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US4521503D55"/>
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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>FONTANA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
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        <name>JOLIET IL</name>
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        <invCountry>US</invCountry>
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        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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          <isin value="US504396HF25"/>
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          <maturityDt>2036-07-15</maturityDt>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>SANGAMON CNTY IL SCH DIST #186</name>
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          <isin value="US800766ND56"/>
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          <maturityDt>2029-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>GRAND RIVER CO HOSP DIST</name>
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          <isin value="US386448EQ33"/>
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          <maturityDt>2037-12-01</maturityDt>
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        <name>N TX MUNI WTR DIST REGL WSTWTR</name>
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          <isin value="US66283AHN90"/>
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          <isin value="US942860TY35"/>
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          <maturityDt>2037-12-30</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>GRAND PARKWAY TRANSPRTN CORP T</name>
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        <name>BALDWIN PARK CA UNIF SCH DIST</name>
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        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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        <name>MISSISSIPPI ST DEV BANK SPL OB</name>
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        <name>NEW YORK ST CONVENTION CENTER</name>
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        <name>LEBANON OR RURAL FIRE PROT DIS</name>
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        <name>UNIV OF WYOMING WY UNIV REVENU</name>
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          <isin value="US915268H256"/>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <name>BALTIC SD SCH DIST #49-1</name>
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          <isin value="US04052VAQ32"/>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
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          <isin value="US592643DH07"/>
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        <name>TEXAS ST MUNI PWR AGY REVENUE</name>
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          <isin value="US882555ZX69"/>
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        <name>INDIANA CNTY PA INDL DEV AUTH</name>
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          <isin value="US45469NDZ87"/>
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      <invstOrSec>
        <name>CATASAUQUA PA AREA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US149045SK32"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>BNC MET DIST #1 CO</name>
        <lei>N/A</lei>
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          <isin value="US05567BAP40"/>
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        <curCd>USD</curCd>
        <valUSD>412642.95000000</valUSD>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>KANKAKEE IL</name>
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        <curCd>USD</curCd>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CHICAGO IL PARK DIST</name>
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          <isin value="US167615G982"/>
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        <curCd>USD</curCd>
        <valUSD>1073811.92000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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        <name>SAN MATEO CNTY CA CMNTY CLG DI</name>
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        <title>San Mateo County Community College District</title>
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          <isin value="US799038FZ23"/>
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        <balance>645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>585643.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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          <isin value="US299488GY60"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN MATEO CALIF SPL TAX</name>
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          <isin value="US79901PCX42"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONTGOMERY CNTY TX MUNI UTIL D</name>
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          <isin value="US61370NMK62"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <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>HARTFORD CT</name>
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        <curCd>USD</curCd>
        <valUSD>220284.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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          <maturityDt>2025-08-01</maturityDt>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ROSEMONT IL</name>
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          <maturityDt>2049-12-01</maturityDt>
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        <name>CHICAGO IL TRANSIT AUTH SALES</name>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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        <name>GALVESTON CNTY TX MUNI UTILITY</name>
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        <name>CHICAGO IL WTRWKS REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US167736U623"/>
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          <maturityDt>2044-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US484404YW28"/>
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          <maturityDt>2034-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
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          <isin value="US48620ABZ84"/>
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          <maturityDt>2048-03-01</maturityDt>
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      <invstOrSec>
        <name>FESTIVAL RANCH AZ CMNTY FACS D</name>
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          <isin value="US315598CQ32"/>
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          <maturityDt>2036-07-15</maturityDt>
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        <name>ORANGE CITY IA WTR REVENUE</name>
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        <title>City of Orange City IA Water Revenue</title>
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          <isin value="US68417ECX94"/>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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          <isin value="US04052VAJ98"/>
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      <invstOrSec>
        <name>ANAHEIM CA ELEM SCH DIST</name>
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          <isin value="US032555QY38"/>
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        <name>RENO NV CAPITAL IMPT REVENUE</name>
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        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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          <maturityDt>2029-09-01</maturityDt>
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        <name>NTHRN AZ UNIV</name>
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        <name>PARK CREEK CO MET DIST REVENUE</name>
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          <isin value="US700387HC07"/>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <name>CASTLE OAKS CO MET DIST #3</name>
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        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
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          <isin value="US48620ABX37"/>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DE KALB &amp; KANE CNTYS IL CMNTYU</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOONE MCHENRY &amp; DEKALB CNTYS I</name>
        <lei>N/A</lei>
        <title>Boone Mchenry &amp; Dekalb Counties Community Unit School District 100</title>
        <cusip>099032HJ6</cusip>
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          <isin value="US099032HJ63"/>
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        <curCd>USD</curCd>
        <valUSD>447581.98000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COOK CNTY IL SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>County of Cook IL Sales Tax Revenue</title>
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          <isin value="US213248CQ82"/>
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        <curCd>USD</curCd>
        <valUSD>689329.99000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHATTANOOGA TN HLTH EDUCTNL &amp;H</name>
        <lei>N/A</lei>
        <title>Chattanooga Health Educational &amp; Housing Facility Board</title>
        <cusip>162410DQ4</cusip>
        <identifiers>
          <isin value="US162410DQ41"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>546668.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI STUDENT HSG</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74439YDQ1</cusip>
        <identifiers>
          <isin value="US74439YDQ17"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>651697.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</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>RIVERBANK CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Riverbank Unified School District</title>
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          <isin value="US768569CS27"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12794.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MUNI ELEC AUTH OF GA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>Municipal Electric Authority of Georgia</title>
        <cusip>62620HAV4</cusip>
        <identifiers>
          <isin value="US62620HAV42"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1421018.93000000</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>2046-01-01</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>FRANKFORT KY SWR REVENUE</name>
        <lei>N/A</lei>
        <title>City of Frankfort KY Sewer System Revenue</title>
        <cusip>352334CU8</cusip>
        <identifiers>
          <isin value="US352334CU87"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500349.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW BRIGHTON PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>New Brighton Area School District</title>
        <cusip>642683JL1</cusip>
        <identifiers>
          <isin value="US642683JL17"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>462094.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FOLSOM CORDOVA CA UNIF SCH DIS</name>
        <lei>N/A</lei>
        <title>Folsom Cordova Unified School District</title>
        <cusip>34440PBY6</cusip>
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          <isin value="US34440PBY60"/>
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        <balance>3040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2662784.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KELSEYVILLE CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <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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        <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>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
        <lei>N/A</lei>
        <title>Madison County Community Unit School District No 7 Edwardsville</title>
        <cusip>557021JR4</cusip>
        <identifiers>
          <isin value="US557021JR46"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEST HAVEN CT</name>
        <lei>N/A</lei>
        <title>City of West Haven CT</title>
        <cusip>953140T59</cusip>
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          <isin value="US953140T594"/>
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        <balance>925000.00000000</balance>
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          <maturityDt>2035-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CUYAHOGA CNTY OH HOSP REVENUE</name>
        <lei>549300GHDK9DGLUNJU89</lei>
        <title>County of Cuyahoga OH</title>
        <cusip>2322655J3</cusip>
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          <isin value="US2322655J35"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2028-02-15</maturityDt>
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        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
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          <isin value="US45129GKL85"/>
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        <balance>800000.00000000</balance>
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          <maturityDt>2042-05-01</maturityDt>
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      <invstOrSec>
        <name>CICERO IL</name>
        <lei>N/A</lei>
        <title>Town of Cicero IL</title>
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          <isin value="US171646SD53"/>
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        <balance>475000.00000000</balance>
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        <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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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
        <lei>N/A</lei>
        <title>Harris County Water Control &amp; Improvement District No 158</title>
        <cusip>41453EAE5</cusip>
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          <isin value="US41453EAE59"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>411625.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WOODFORD CNTY KY SCH DIST FINC</name>
        <lei>N/A</lei>
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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>
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          <maturityDt>2037-12-15</maturityDt>
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      <invstOrSec>
        <name>DELAWARE ST ECON DEV AUTH REVE</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>AUBURN URBAN REDEV AGY GA REVE</name>
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          <isin value="US050592AW43"/>
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          <maturityDt>2045-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
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          <isin value="US34683LRF57"/>
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        <curCd>USD</curCd>
        <valUSD>443397.28000000</valUSD>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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        <title>Pennsylvania Turnpike Commission</title>
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          <isin value="US709224Q284"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAINT LOUIS MO ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of St Louis MO Airport Revenue</title>
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          <isin value="US791638VG19"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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          <isin value="US167505UG96"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>507149.00000000</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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      <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="US52109HQB23"/>
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          <maturityDt>2039-03-01</maturityDt>
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        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
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          <isin value="US825485WN19"/>
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        <balance>125000.00000000</balance>
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        <name>DE SMET SD SCH DIST #38-2</name>
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        <name>SUFFOLK CNTY NY</name>
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          <maturityDt>2028-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AA313"/>
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          <maturityDt>2041-11-15</maturityDt>
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        <name>S W HOUSTON TX REDEV AUTH TAX</name>
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        <title>Southwest Houston Redevelopment Authority</title>
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          <isin value="US845045BR37"/>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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          <maturityDt>2047-06-15</maturityDt>
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        <name>BROCKTON MA</name>
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      <invstOrSec>
        <name>ORANGE CITY IA WTR REVENUE</name>
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        <title>City of Orange City IA Water Revenue</title>
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          <isin value="US68417ECW12"/>
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        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW BRITAIN CT</name>
        <lei>549300MERJSUOPGAV271</lei>
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          <isin value="US642714BP30"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
        <lei>254900I3VDCQ58UGBR15</lei>
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          <isin value="US592248BC11"/>
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        <valUSD>210674.16000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY FING AUTH</name>
        <lei>549300D8GE38KYE3NW14</lei>
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        <cusip>785849QF0</cusip>
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          <isin value="US785849QF06"/>
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        <curCd>USD</curCd>
        <valUSD>4814242.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</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>
      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZL3</cusip>
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          <isin value="US665245ZL35"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>340129.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>
        <cusip>163123MT6</cusip>
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          <isin value="US163123MT68"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97983.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-01</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>City of Arlington TX Special Tax Revenue</title>
        <cusip>04184RBT6</cusip>
        <identifiers>
          <isin value="US04184RBT68"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2017554.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
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        <cusip>649519FE0</cusip>
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          <isin value="US649519FE07"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1680809.64000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YOUNGSTOWN OH ST UNIV</name>
        <lei>N/A</lei>
        <title>Youngstown State University</title>
        <cusip>987720FA2</cusip>
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          <isin value="US987720FA26"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>795661.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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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>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>521801.80000000</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>SWEETWATER CA UNION HIGH SCH D</name>
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        <title>Sweetwater Union High School District</title>
        <cusip>870462RJ9</cusip>
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          <isin value="US870462RJ98"/>
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        <balance>1275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1308711.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
        <lei>N/A</lei>
        <title>Sacramento City Unified School District/CA</title>
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          <isin value="US785870RH13"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292126.42000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>BUCKS CNTY PA INDL DEV AUTH HO</name>
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        <cusip>11861MBQ8</cusip>
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          <isin value="US11861MBQ87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ALTON TX</name>
        <lei>N/A</lei>
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        <cusip>021695DK4</cusip>
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          <isin value="US021695DK41"/>
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        <balance>260000.00000000</balance>
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          <maturityDt>2029-08-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>BELMONT FRESH WTR SPLY DIST #1</name>
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          <maturityDt>2039-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <balance>575000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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        <name>PHILADELPHIA PA SCH DIST</name>
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        <title>School District of Philadelphia/The</title>
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        <balance>5000.00000000</balance>
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        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
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        <name>TEXAS ST TURNPIKE AUTH CENTRLT</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
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        <name>SPARTANBURG CNTY SC SCH DIST #</name>
        <lei>N/A</lei>
        <title>Spartanburg County School District No 4/SC</title>
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        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US542403DQ01"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW BRITAIN CT</name>
        <lei>549300MERJSUOPGAV271</lei>
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          <isin value="US642714BN81"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BUCKS CNTY PA INDL DEV AUTH HO</name>
        <lei>N/A</lei>
        <title>Bucks County Industrial Development Authority</title>
        <cusip>11861MBP0</cusip>
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          <isin value="US11861MBP05"/>
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        <curCd>USD</curCd>
        <valUSD>2211056.78000000</valUSD>
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        <debtSec>
          <maturityDt>2053-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAUKEGAN IL</name>
        <lei>N/A</lei>
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          <isin value="US942860TX51"/>
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        <curCd>USD</curCd>
        <valUSD>1015281.43000000</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>2036-12-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
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        <title>City of Shreveport LA Water &amp; Sewer Revenue</title>
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        <identifiers>
          <isin value="US825485WM36"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>524919.80000000</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>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW HAVEN CT</name>
        <lei>549300U4OHEAZ124LQ06</lei>
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        <cusip>645021AQ9</cusip>
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          <isin value="US645021AQ98"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MUNI ELEC AUTH OF GEORGIA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>Municipal Electric Authority of Georgia</title>
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          <isin value="US6262078B36"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276062.28000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MCCOOK IL</name>
        <lei>549300J1T8QSYCEN8R62</lei>
        <title>Village of McCook IL</title>
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          <isin value="US579695CV79"/>
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        <curCd>USD</curCd>
        <valUSD>1637120.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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>
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          <isin value="US576528CY75"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>489782.60000000</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>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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        <name>NASSAU CNTY NY</name>
        <lei>549300ICRCGQYCPS7T40</lei>
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          <isin value="US63165T3C74"/>
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        <balance>3525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3139265.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <title>Metropolitan Transportation Authority</title>
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          <isin value="US59259RWQ37"/>
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          <maturityDt>2024-11-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>GREEN VLY TX SPL UTIL DIST WTR</name>
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          <isin value="US39356ACN37"/>
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        <balance>515000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>CHICAGO IL</name>
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        <title>City of Chicago IL</title>
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        <valUSD>658684.44000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>SOUTH SLOANS LAKE MET DIST #2</name>
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        <title>South Sloan's Lake Metropolitan District No 2</title>
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          <isin value="US84039TAN54"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>BRANDON SD WTR SURCHARGE REVEN</name>
        <lei>N/A</lei>
        <title>City of Brandon SD Water Utility Revenue</title>
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          <isin value="US10530AAM71"/>
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        <balance>1845000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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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>
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          <isin value="US68417ECV39"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595158.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREEN OH LOCAL SCH DIST SUMMIT</name>
        <lei>N/A</lei>
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          <isin value="US393192AP40"/>
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        <valUSD>3148534.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <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>
        <identifiers>
          <isin value="US080375PA00"/>
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        <balance>695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>604369.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
        <lei>N/A</lei>
        <title>Wayne County Airport Authority</title>
        <cusip>944514F29</cusip>
        <identifiers>
          <isin value="US944514F294"/>
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        <balance>1790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1698420.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
        <lei>N/A</lei>
        <title>Louisville/Jefferson County Metropolitan Government</title>
        <cusip>54660DAA7</cusip>
        <identifiers>
          <isin value="US54660DAA72"/>
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        <balance>1015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1006896.14000000</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>2047-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp</title>
        <cusip>64542YAC0</cusip>
        <identifiers>
          <isin value="US64542YAC03"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521703.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMBRIDGE PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Ambridge Area School District</title>
        <cusip>023362PF7</cusip>
        <identifiers>
          <isin value="US023362PF75"/>
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        <balance>660000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>660000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HERCULES CA REDEV AGY SUCCESSO</name>
        <lei>N/A</lei>
        <title>Hercules Redevelopment Agency Successor Agency</title>
        <cusip>427078AB6</cusip>
        <identifiers>
          <isin value="US427078AB66"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3089688.00000000</valUSD>
        <pctVal>0.958411116172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
        <lei>54930034DVH6W22T1E86</lei>
        <title>Pittsburgh Water &amp; Sewer Authority</title>
        <cusip>725304WU9</cusip>
        <identifiers>
          <isin value="US725304WU94"/>
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        <balance>1350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1403278.97000000</valUSD>
        <pctVal>0.435292548613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MACON CNTY IL SCH DIST #61</name>
        <lei>N/A</lei>
        <title>Macon County School District No 61 Decatur</title>
        <cusip>555597JC8</cusip>
        <identifiers>
          <isin value="US555597JC82"/>
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        <balance>1505000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1528522.25000000</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>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CRAWFORD IL HOSP DIST</name>
        <lei>N/A</lei>
        <title>Crawford Hospital District</title>
        <cusip>225022CJ9</cusip>
        <identifiers>
          <isin value="US225022CJ95"/>
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        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>667629.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
        <title>Fort Pierce Utilities Authority</title>
        <cusip>348430PS2</cusip>
        <identifiers>
          <isin value="US348430PS20"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>520910.25000000</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>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZB5</cusip>
        <identifiers>
          <isin value="US665245ZB52"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>468540.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANGAMON &amp; MORGAN CNTYS IL CMN</name>
        <lei>N/A</lei>
        <title>Sangamon &amp; Morgan Counties Community Unit School District No 16 New Berlin</title>
        <cusip>800803DT2</cusip>
        <identifiers>
          <isin value="US800803DT22"/>
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        <balance>1440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1452346.85000000</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>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL WSTWTR TRANSMISSION</name>
        <lei>N/A</lei>
        <title>City of Chicago IL Wastewater Transmission Revenue</title>
        <cusip>167727HU3</cusip>
        <identifiers>
          <isin value="US167727HU30"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1087499.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <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>477070CB0</cusip>
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          <isin value="US477070CB00"/>
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        <balance>870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>765167.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
        <title>City of Long Beach NY</title>
        <cusip>542519ER0</cusip>
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          <isin value="US542519ER00"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>333326.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WRIGHT CITY MO SCH DIST #R-2</name>
        <lei>N/A</lei>
        <title>Wright City R-II School District</title>
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          <isin value="US982260JA03"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RACINE WI WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Racine WI Waterworks System Revenue</title>
        <cusip>750055MF9</cusip>
        <identifiers>
          <isin value="US750055MF94"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>534151.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
        <lei>N/A</lei>
        <title>Evansville Waterworks District</title>
        <cusip>299488GX8</cusip>
        <identifiers>
          <isin value="US299488GX87"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2044578.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2022-12-22</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
