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        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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          <isin value="US79467BCY92"/>
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          <maturityDt>2038-01-01</maturityDt>
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      <invstOrSec>
        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>RICHMOND MI CMNTY SCHS</name>
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          <isin value="US765177CU23"/>
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        <curCd>USD</curCd>
        <valUSD>1404922.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MET GOVT NASHVILLE &amp; DAVIDSON</name>
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          <isin value="US592113BY90"/>
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        <curCd>USD</curCd>
        <valUSD>2986746.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>ILLINOIS ST</name>
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        <curCd>USD</curCd>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MATTESON IL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SCHENECTADY CNTY NY CAPITAL RE</name>
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          <isin value="US806418BE82"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MORGANTOWN WV COMB UTILITY SYS</name>
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          <isin value="US61759CDV72"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-15</maturityDt>
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        <name>TENNESSEE ST ENERGY ACQUISITIO</name>
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          <maturityDt>2026-09-01</maturityDt>
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        <name>IOWA ST HGR EDU LOAN AUTH REVE</name>
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        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
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        <name>CAROL STREAM IL PARK DIST</name>
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        <title>Carol Stream Park District</title>
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          <isin value="US143735VP06"/>
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        <balance>485000.00000000</balance>
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          <maturityDt>2026-11-01</maturityDt>
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        <name>CHICAGO IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago IL</title>
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        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>BURLINGTON VT ARPT REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US122064DS42"/>
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        <name>NEW YORK CITY NY HSG DEV CORP</name>
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      <invstOrSec>
        <name>GRAND PARKWAY TRANSPRTN CORP T</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>KING &amp; PIERCE CNTY WA SCH DIST</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
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        <name>CONNECTICUT ST</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CICERO IL</name>
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        <title>Town of Cicero IL</title>
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          <isin value="US171646SD53"/>
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        <curCd>USD</curCd>
        <valUSD>465010.11000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp</title>
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          <isin value="US649519DF99"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>418771.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2069-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
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          <isin value="US557038FH43"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CRESTVIEW OH LOCAL SCH DIST CO</name>
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          <isin value="US226328AH56"/>
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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>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
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          <isin value="US64990FZS63"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>606286.27000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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="US982260HR55"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>584568.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
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        <title>Black Belt Energy Gas District</title>
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          <isin value="US09182TBT34"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1010020.60000000</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>2053-11-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALEM CNTY NJ IMPT AUTH</name>
        <lei>N/A</lei>
        <title>Salem County Improvement Authority</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FLORIDA ST HSG FIN CORP MF MTG</name>
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        <title>Florida Housing Finance Corp</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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        <title>Michigan Finance Authority</title>
        <cusip>59447T3J0</cusip>
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          <isin value="US59447T3J00"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TEXAS ST WTR DEV BRD</name>
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        <title>Texas Water Development Board</title>
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          <isin value="US8828548A35"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>UTAH INFRASTRUCTURE AGY TELECO</name>
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        <title>Utah Infrastructure Agency</title>
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          <isin value="US917467BP68"/>
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        <balance>520000.00000000</balance>
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          <maturityDt>2024-10-15</maturityDt>
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        <name>POMPANO BEACH FL REVENUE</name>
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        <title>City of Pompano Beach FL</title>
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          <isin value="US732203BL72"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
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        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLD HILL MESA MET DIST #2 CO</name>
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        <balance>145000.00000000</balance>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US011245AH03"/>
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        <curCd>USD</curCd>
        <valUSD>3925970.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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      <invstOrSec>
        <name>TEXAS ST TRANSPRTN COMMISSION</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System</title>
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          <isin value="US88283KBH05"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ILLINOIS ST</name>
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        <cusip>452153BQ1</cusip>
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          <isin value="US452153BQ15"/>
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        <curCd>USD</curCd>
        <valUSD>785257.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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        <title>Kelseyville Unified School District</title>
        <cusip>488224DQ6</cusip>
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          <isin value="US488224DQ61"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22629.31000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>KING &amp; PIERCE CNTY WA SCH DIST</name>
        <lei>N/A</lei>
        <title>Auburn School District No 408 of King &amp; Pierce Counties</title>
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          <isin value="US494619ES44"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>494154.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEWARK NJ BRD OF EDU</name>
        <lei>N/A</lei>
        <title>Newark Board of Education</title>
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          <isin value="US650370DK23"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>813427.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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        <title>State of Connecticut Special Tax Revenue</title>
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          <isin value="US207758L271"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1073946.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JACKSON CNTY MO SCH DIST HICKM</name>
        <lei>N/A</lei>
        <title>Hickman Mills C-1 School District/MO</title>
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          <isin value="US46741RDE45"/>
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        <balance>3390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3611896.86000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH CO</name>
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        <title>California Municipal Finance Authority</title>
        <cusip>130493CG2</cusip>
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          <isin value="US130493CG25"/>
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        <balance>1175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1203066.17000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990FZW7</cusip>
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          <isin value="US64990FZW75"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1338879.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp</title>
        <cusip>187145MC8</cusip>
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          <isin value="US187145MC86"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151837.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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        <title>Vineyard Redevelopment Agency</title>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENESEE CNTY MI</name>
        <lei>N/A</lei>
        <title>County of Genesee MI</title>
        <cusip>371608VX5</cusip>
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          <isin value="US371608VX56"/>
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        <balance>190000.00000000</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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        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CHICAGO IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago IL</title>
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          <isin value="US167486M226"/>
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        <balance>1050000.00000000</balance>
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        <valUSD>1005070.40000000</valUSD>
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          <maturityDt>2033-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey Educational Facilities Authority</title>
        <cusip>6460666Q8</cusip>
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          <isin value="US6460666Q86"/>
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        <balance>300000.00000000</balance>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TUU5</cusip>
        <identifiers>
          <isin value="US59447TUU59"/>
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        <balance>235000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2039-05-15</maturityDt>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
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          <isin value="US542403CG38"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRESNO CA UNIF SCH DIST</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-08-01</maturityDt>
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          <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>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRANKLIN PARK IL</name>
        <lei>N/A</lei>
        <title>Village of Franklin Park IL</title>
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          <isin value="US354496LM11"/>
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        <curCd>USD</curCd>
        <valUSD>355132.93000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
        <lei>N/A</lei>
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          <isin value="US45884AA293"/>
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        <curCd>USD</curCd>
        <valUSD>818711.93000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIST OF COLUMBIA HSG FIN AGY M</name>
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          <isin value="US25477PPQ27"/>
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        <curCd>USD</curCd>
        <valUSD>3028445.31000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UPPER ARLINGTON OH</name>
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          <isin value="US915489D471"/>
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        <curCd>USD</curCd>
        <valUSD>776676.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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        <title>Great Lakes Water Authority Water Supply System Revenue</title>
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          <isin value="US39081JBG22"/>
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        <curCd>USD</curCd>
        <valUSD>1024760.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JOLIET IL</name>
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        <title>City of Joliet IL</title>
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          <isin value="US479754NN93"/>
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        <curCd>USD</curCd>
        <valUSD>1061667.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>NEW JERSEY ST HSG &amp; MTGE FIN A</name>
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          <isin value="US646127FG05"/>
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        <curCd>USD</curCd>
        <valUSD>3948906.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <name>WEST VIRGINIA ST PARKWAYS AUTH</name>
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        <title>West Virginia Parkways Authority</title>
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          <isin value="US956510AX98"/>
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          <maturityDt>2043-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PENNSYLVANIA ST ECON DEV FING</name>
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          <isin value="US70870FAR73"/>
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          <maturityDt>2029-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <maturityDt>2047-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
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          <isin value="US13078RHV50"/>
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          <maturityDt>2035-05-15</maturityDt>
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        <name>PHOENIX AZ CIVIC IMPT CORP ARP</name>
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        <name>KANSAS CITY MO SPL OBLG</name>
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          <maturityDt>2039-12-15</maturityDt>
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        <name>MET WTR DIST OF STHRN CA WTRWK</name>
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        <title>Metropolitan Water District of Southern California</title>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
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        <name>UNIV OF UTAH UT REVENUES</name>
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        <name>TAMPA BAY FL WTR REGL WTR SPLY</name>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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          <maturityDt>2041-09-01</maturityDt>
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          <isin value="US84136FBL04"/>
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        <name>GROSSMONT CA UNION HIGH SCH DI</name>
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          <isin value="US399262KA13"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
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          <isin value="US64990FW834"/>
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        <valUSD>456331.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BALTIC SD SCH DIST #49-1</name>
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          <isin value="US058827EX06"/>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <isin value="US45203HB505"/>
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        <curCd>USD</curCd>
        <valUSD>1856078.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13049YAZ4</cusip>
        <identifiers>
          <isin value="US13049YAZ43"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>401456.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON ST CONVENTION CENTE</name>
        <lei>N/A</lei>
        <title>Washington State Convention Center Public Facilities District</title>
        <cusip>93976AEJ7</cusip>
        <identifiers>
          <isin value="US93976AEJ79"/>
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        <balance>535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>421433.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</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>RHODE ISLAND ST HSG &amp; MTGE FIN</name>
        <lei>N/A</lei>
        <title>Rhode Island Housing and Mortgage Finance Corp/RI</title>
        <cusip>76221RY23</cusip>
        <identifiers>
          <isin value="US76221RY237"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>368542.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</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>Guadalupe-Blanco River Authority</name>
        <lei>N/A</lei>
        <title>GUADALUPE BLANK RV 6 8/42</title>
        <cusip>400525AT8</cusip>
        <identifiers>
          <isin value="US400525AT88"/>
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        <balance>1980000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2199068.19000000</valUSD>
        <pctVal>0.717680745969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>GTR TEXOMA TX UTILITY AUTH CON</name>
        <lei>N/A</lei>
        <title>Greater Texoma Utility Authority</title>
        <cusip>39239HZB2</cusip>
        <identifiers>
          <isin value="US39239HZB22"/>
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        <balance>2485000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2631946.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</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>N TX TOLLWAY AUTH REVENUE</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority</title>
        <cusip>66285WJ56</cusip>
        <identifiers>
          <isin value="US66285WJ565"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1069777.60000000</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>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>PUERTO RICO INDL TOURIST EDUCT</name>
        <lei>N/A</lei>
        <title>Puerto Rico Industrial Tourist Educational Medical &amp; Envirml Ctl Facs Fing Auth</title>
        <cusip>74527EFJ2</cusip>
        <identifiers>
          <isin value="US74527EFJ29"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>415753.76000000</valUSD>
        <pctVal>0.135684045621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>ILLINOIS ST DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>Illinois Development Finance Authority</title>
        <cusip>451913AH0</cusip>
        <identifiers>
          <isin value="US451913AH02"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>452145.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KEARNEY NE</name>
        <lei>N/A</lei>
        <title>City of Kearney NE</title>
        <cusip>4868907G5</cusip>
        <identifiers>
          <isin value="US4868907G59"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334601.51000000</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>2032-05-15</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>
        <name>JOHNSON CNTY KS UNIF SCH DIST#</name>
        <lei>N/A</lei>
        <title>Johnson County Unified School District No 233 Olathe</title>
        <cusip>4787182D0</cusip>
        <identifiers>
          <isin value="US4787182D01"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1644025.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LANCASTER PA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Lancaster Industrial Development Authority</title>
        <cusip>51434NAP3</cusip>
        <identifiers>
          <isin value="US51434NAP33"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>89573.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</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>SANGAMON CNTY IL</name>
        <lei>N/A</lei>
        <title>County of Sangamon IL</title>
        <cusip>800711CQ4</cusip>
        <identifiers>
          <isin value="US800711CQ43"/>
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        <balance>240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253293.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONTANA FAC FIN AUTH HLTH FACS</name>
        <lei>N/A</lei>
        <title>Montana Facility Finance Authority</title>
        <cusip>61204MCK1</cusip>
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          <isin value="US61204MCK18"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382132.54000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
        <lei>N/A</lei>
        <title>Walton County Water &amp; Sewer Authority</title>
        <cusip>93342PFG6</cusip>
        <identifiers>
          <isin value="US93342PFG63"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>482207.54000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW BRITAIN CT</name>
        <lei>549300MERJSUOPGAV271</lei>
        <title>City of New Britain CT</title>
        <cusip>642714EH8</cusip>
        <identifiers>
          <isin value="US642714EH86"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165065.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RIVERSIDE CNTY CA CMNTY FACS D</name>
        <lei>N/A</lei>
        <title>Riverside County Community Facilities Districts</title>
        <cusip>76911FVB7</cusip>
        <identifiers>
          <isin value="US76911FVB74"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001694.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDEPENDENT CITIES FIN AUTH CA</name>
        <lei>549300ZZZYTBUL6FR983</lei>
        <title>Independent Cities Finance Authority</title>
        <cusip>45384PAL9</cusip>
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          <isin value="US45384PAL94"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>648295.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CHICAGO IL PARK DIST</name>
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        <name>BENICIA CA UNIF SCH DIST</name>
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        <name>RICHMOND MI CMNTY SCHS</name>
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        <name>NORFOLK VA ARPT AUTH REVENUE</name>
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        <name>FORT BEND CNTY TX MUNI UTILITY</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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      <invstOrSec>
        <name>CENTRL PLAINS ENERGY PROJ NE G</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WOODFORD LASALLE LIVINGSTON ET</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
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          <isin value="US348430PC77"/>
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        <curCd>USD</curCd>
        <valUSD>741960.45000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FJV76"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105737.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
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          <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>WILL CNTY IL SCH DIST #114 MAN</name>
        <lei>N/A</lei>
        <title>Will County School District No 114 Manhattan</title>
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          <isin value="US968838JU76"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>582401.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74444VBN91"/>
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          <maturityDt>2032-10-01</maturityDt>
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          <annualizedRt>4.00000000</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>953140T34</cusip>
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          <isin value="US953140T347"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204770.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
        <cusip>542403DC1</cusip>
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          <isin value="US542403DC15"/>
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        <balance>150000.00000000</balance>
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        <valUSD>164067.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHEROKEE CO MET DIST WTR &amp; WST</name>
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        <title>Cherokee Metropolitan District/CO</title>
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          <isin value="US16415TBR14"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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        <valUSD>525489.70000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
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        <title>Walton County Water &amp; Sewer Authority</title>
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          <isin value="US93342PFJ03"/>
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          <maturityDt>2042-02-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245YX8</cusip>
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          <isin value="US665245YX81"/>
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        <balance>650000.00000000</balance>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>GREATER CLARK IN BLDG CORP</name>
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        <title>Greater Clark Building Corp</title>
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          <isin value="US39167GJP72"/>
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          <maturityDt>2034-07-15</maturityDt>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204FJF3</cusip>
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          <isin value="US45204FJF36"/>
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        <balance>1500000.00000000</balance>
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          <maturityDt>2032-08-15</maturityDt>
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        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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          <isin value="US45884AA376"/>
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          <maturityDt>2030-07-01</maturityDt>
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        <name>UTAH ST ASSOCIATED MUNI PWR SY</name>
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          <isin value="US917328RV04"/>
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        <balance>500000.00000000</balance>
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          <maturityDt>2031-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MACON &amp; DE WITT CNTYS IL CMNTY</name>
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          <isin value="US555483EW23"/>
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          <maturityDt>2032-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GOLD HILL MESA MET DIST #2 CO</name>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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        <name>WESTMINSTER CA SCH DIST</name>
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      <invstOrSec>
        <name>YOUNGSVILLE LA SALES TAX</name>
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          <couponKind>None</couponKind>
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        <name>UNIV OF CENTRAL ARKANSAS AR RE</name>
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        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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          <isin value="US56042RG485"/>
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        <name>HERCULES CA REDEV AGY SUCCESSO</name>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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          <maturityDt>2025-05-15</maturityDt>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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        <name>FLORIDA DEV FIN CORP HLTHCAREF</name>
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        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
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      <invstOrSec>
        <name>GEORGETOWN TX UTILITY SYS REVE</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CLARK CNTY NV SCH DIST</name>
        <lei>N/A</lei>
        <title>Clark County School District</title>
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          <isin value="US1810592U98"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp</title>
        <cusip>187145NT0</cusip>
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          <isin value="US187145NT03"/>
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        <curCd>USD</curCd>
        <valUSD>453621.09000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MUNI ELEC AUTH OF GEORGIA</name>
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        <title>Municipal Electric Authority of Georgia</title>
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          <isin value="US6262074D38"/>
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        <curCd>USD</curCd>
        <valUSD>1003771.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STONE PARK IL</name>
        <lei>N/A</lei>
        <title>Village of Stone Park IL</title>
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          <isin value="US861700EV07"/>
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        <curCd>USD</curCd>
        <valUSD>135158.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>S WSTRN IL DEV AUTH</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
        <title>Southwestern Illinois Development Authority</title>
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          <isin value="US84552YPK19"/>
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        <curCd>USD</curCd>
        <valUSD>166156.98000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRIV CLGS &amp; UNIVS AUTH GA</name>
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        <title>Private Colleges &amp; Universities Authority</title>
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          <isin value="US74265LZ509"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOLINGBROOK IL</name>
        <lei>N/A</lei>
        <title>Village of Bolingbrook IL</title>
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          <isin value="US097552RB14"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2156316.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CRESTVIEW OH LOCAL SCH DIST CO</name>
        <lei>N/A</lei>
        <title>Crestview Local School District/Columbiana County</title>
        <cusip>226328AG7</cusip>
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          <isin value="US226328AG73"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JOLIET IL</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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        <title>Clifton Higher Education Finance Corp</title>
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          <isin value="US187145MD69"/>
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        <curCd>USD</curCd>
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          <maturityDt>2035-08-15</maturityDt>
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        <name>IOWA ST HGR EDU LOAN AUTH REVE</name>
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        <title>Iowa Higher Education Loan Authority</title>
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          <isin value="US46247DAB38"/>
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          <maturityDt>2035-10-01</maturityDt>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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          <isin value="US89602HEN35"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-15</maturityDt>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
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          <isin value="US646136XD88"/>
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        <name>NASSAU CNTY NY</name>
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        <name>MSD OF WASH TWP SCH BLDG CORP</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <title>New Jersey Transportation Trust Fund Authority</title>
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        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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        <title>Chicago O'Hare International Airport</title>
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        <name>CHICAGO IL PARK DIST</name>
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        <curCd>USD</curCd>
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          <maturityDt>2023-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MIAMI BEACH FL HLTH FACS AUTH</name>
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          <isin value="US593211FJ94"/>
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        <curCd>USD</curCd>
        <valUSD>425907.05000000</valUSD>
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          <maturityDt>2038-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>ADAMS ST UNIV CO INSTNL ENTERP</name>
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          <isin value="US006395AY34"/>
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          <maturityDt>2035-05-15</maturityDt>
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        <name>S W TX HGR EDU AUTH</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>INDIANA CNTY PA INDL DEV AUTH</name>
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          <isin value="US45469NDV73"/>
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        <curCd>USD</curCd>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>ARIZONA ST INDL DEV AUTH NATIO</name>
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          <isin value="US04052FAM77"/>
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        <curCd>USD</curCd>
        <valUSD>569242.19000000</valUSD>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>HARRIS CNTY TX CULTURAL EDU FA</name>
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          <maturityDt>2046-11-15</maturityDt>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>AUSTIN TX</name>
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          <maturityDt>2023-09-01</maturityDt>
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        <name>ILLINOIS ST</name>
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        <name>LANCASTER CNTY PA HOSP AUTH</name>
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        <name>VIRGINIA ST SMALL BUSINESS FIN</name>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
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          <isin value="US649519ED33"/>
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          <maturityDt>2041-11-15</maturityDt>
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      <invstOrSec>
        <name>MONTEREY PENINSULA CA CMNTY CL</name>
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          <isin value="US612574EK59"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>FRANKLIN PARK IL</name>
        <lei>N/A</lei>
        <title>Village of Franklin Park IL</title>
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          <isin value="US354496LP42"/>
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        <curCd>USD</curCd>
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          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FKK92"/>
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        <curCd>USD</curCd>
        <valUSD>91387.09000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>PMA LEVY &amp; AID ANTIC NTS PROGR</name>
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          <isin value="US730146CU90"/>
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        <valUSD>491607.94000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-24</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>WEST HAVEN CT</name>
        <lei>N/A</lei>
        <title>City of West Haven CT</title>
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          <isin value="US953140U576"/>
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          <maturityDt>2027-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>GRAND RIVER CO HOSP DIST</name>
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        <title>Grand River Hospital District</title>
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          <isin value="US386448EQ33"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <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="US982260HK03"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>HOUSTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Houston Higher Education Finance Corp</title>
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          <isin value="US442378GJ84"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
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        <name>HARRIS CNTY TX FLOOD CONTROL D</name>
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        <title>Harris County Flood Control District</title>
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        <name>NORTH LAS VEGAS NV</name>
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          <maturityDt>2036-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CRYSTAL VLY CO MET DIST #2</name>
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        <name>WYANDOTTE CNTY KS UNIF SCH DIS</name>
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        <name>MACON &amp; DE WITT CNTYS IL CMNTY</name>
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        <name>GREAT LAKES MI WTR AUTH SEWAGE</name>
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        <name>SPRING COVE PA SCH DIST</name>
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          <maturityDt>2022-11-15</maturityDt>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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        <name>KING CNTY WA SWR REVENUE</name>
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        <name>CAMERON PARISH LA SCH DIST #15</name>
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        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
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        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
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        <name>CAMDEN NY CENTRL SCH DIST</name>
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          <maturityDt>2027-03-15</maturityDt>
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        <name>ALBUQUERQUE NM MET ARROYO FLOO</name>
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        <name>CLARK CNTY NV</name>
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          <maturityDt>2039-07-01</maturityDt>
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        <name>MARYLAND ST</name>
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          <isin value="US574193VP07"/>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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          <isin value="US646066TW02"/>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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          <isin value="US13032UUN61"/>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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          <isin value="US04184HAF91"/>
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        <name>UPTOWN DEV AUTH TX INCR CONTRA</name>
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          <isin value="US59447TK853"/>
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        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
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      <invstOrSec>
        <name>HARTFORD CT</name>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>GOLD HILL MESA MET DIST #2 CO</name>
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          <maturityDt>2029-12-01</maturityDt>
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        <name>YOUNGSVILLE LA SALES TAX</name>
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        <curCd>USD</curCd>
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          <maturityDt>2034-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>BRIDGEPORT CT</name>
        <lei>N/A</lei>
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          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PMA LEVY &amp; AID ANTIC NTS PROGR</name>
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          <isin value="US730146CR61"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-03-01</maturityDt>
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        <name>MUNI ELEC AUTH OF GEORGIA</name>
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          <isin value="US6262074F85"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>EAGLE GARFIELD &amp; ROUTT CNTYS C</name>
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          <isin value="US26952QBJ31"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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          <maturityDt>2036-09-01</maturityDt>
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        <name>ATLANTA GA ARPT PASSENGER FAC</name>
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        <name>MONROE CNTY NY INDL DEV CORP R</name>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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        <name>LAREDO TX INDEP SCH DIST</name>
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        <name>NEW JERSEY ST HLTH CARE FACS F</name>
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        <name>CHICAGO IL PARK DIST</name>
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        <title>Chicago Park District</title>
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        <name>CICERO IL</name>
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        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
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          <isin value="US348430PN33"/>
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        <name>SAN ANTONIO TX PUB FACS CORP L</name>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOUISIANA STADIUM &amp; EXPOSITION</name>
        <lei>5493000QEHWDGVGH7J62</lei>
        <title>Louisiana Stadium &amp; Exposition District</title>
        <cusip>546410CF6</cusip>
        <identifiers>
          <isin value="US546410CF64"/>
        </identifiers>
        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1748984.13000000</valUSD>
        <pctVal>0.570792775238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-03</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
        <lei>549300BJRX2FHSSZP042</lei>
        <title>Colorado Educational &amp; Cultural Facilities Authority</title>
        <cusip>19645UHF4</cusip>
        <identifiers>
          <isin value="US19645UHF49"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>921337.50000000</valUSD>
        <pctVal>0.300684711505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
        <title>Fort Pierce Utilities Authority</title>
        <cusip>348430PQ6</cusip>
        <identifiers>
          <isin value="US348430PQ63"/>
        </identifiers>
        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>497115.38000000</valUSD>
        <pctVal>0.162236959442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245YZ3</cusip>
        <identifiers>
          <isin value="US665245YZ30"/>
        </identifiers>
        <balance>690000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>729417.42000000</valUSD>
        <pctVal>0.238050298071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59259YD22</cusip>
        <identifiers>
          <isin value="US59259YD220"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>240999.28000000</valUSD>
        <pctVal>0.078651741603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLACK BELT ENERGY GAS DIST ALG</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District</title>
        <cusip>09182RAR2</cusip>
        <identifiers>
          <isin value="US09182RAR21"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>581760.48000000</valUSD>
        <pctVal>0.189861459122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLORADO ST HLTH FACS AUTH REV</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority</title>
        <cusip>19648FKA1</cusip>
        <identifiers>
          <isin value="US19648FKA11"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201609.20000000</valUSD>
        <pctVal>0.065796523140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST PUBLIC WKS BRD L</name>
        <lei>N/A</lei>
        <title>California State Public Works Board</title>
        <cusip>13068XBM0</cusip>
        <identifiers>
          <isin value="US13068XBM02"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194036.56000000</valUSD>
        <pctVal>0.063325140966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SABINE-NECHES NAV DIST TX</name>
        <lei>N/A</lei>
        <title>Sabine-Neches Navigation District</title>
        <cusip>78532EAP7</cusip>
        <identifiers>
          <isin value="US78532EAP79"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1068709.20000000</valUSD>
        <pctVal>0.348780460455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>
