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        <name>BNC MET DIST #1 CO</name>
        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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      <invstOrSec>
        <name>UNION ALEXANDER ETC CNTYS IL C</name>
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          <isin value="US904842DE89"/>
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          <maturityDt>2024-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
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        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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          <isin value="US838536MH03"/>
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        <name>GRAND RAPIDS MI PUBLIC SCHS</name>
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        <name>GUADALUPE-BLANCO TX RIVER AUTH</name>
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          <isin value="US400525AT88"/>
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        <name>SAUNDERS CNTY NE SCH DIST #1 A</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59259RWP53"/>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>WILLIAMSON CNTY TX MUNI UTILIT</name>
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          <maturityDt>2042-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
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        <name>CLINTON IA CMNTY SCH DIST SCHI</name>
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        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
        <lei>N/A</lei>
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          <maturityDt>2029-09-01</maturityDt>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWR</name>
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        <title>Puerto Rico Electric Power Authority</title>
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        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2024-07-01</maturityDt>
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        <name>STATE PUBLIC SCH BLDG AUTH PA</name>
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          <isin value="US85732NAS45"/>
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          <maturityDt>2027-10-01</maturityDt>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <title>Macon County School District No 61 Decatur</title>
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        <name>MIAMI-DADE CNTY FL EXPRESSWAYA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LONG BEACH NY</name>
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          <maturityDt>2036-07-15</maturityDt>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>NEW HAVEN CT</name>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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          <maturityDt>2047-06-15</maturityDt>
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        <name>MISSISSIPPI ST DEV BANK SPL OB</name>
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        <title>Mississippi Development Bank</title>
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        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
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        <title>Fort Bend County Municipal Utility District No 134B</title>
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        <name>DELAWARE VLY PA REGL FIN AUTH</name>
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        <name>AMHERST NY DEV CORP</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>HARTFORD CT</name>
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      <invstOrSec>
        <name>TEXAS ST MUNI PWR AGY REVENUE</name>
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          <isin value="US882555ZT57"/>
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          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>TEXAS ST TECH CLG SYS FING SYS</name>
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        <title>Texas State Technical College</title>
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          <isin value="US88276RFG20"/>
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        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
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        <title>Wayne County Airport Authority</title>
        <cusip>944514F29</cusip>
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          <isin value="US944514F294"/>
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        <valUSD>1901656.62000000</valUSD>
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        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SAN MATEO CALIF SPL TAX</name>
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          <isin value="US79901PCX42"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-09-01</maturityDt>
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        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
        <title>City of Long Beach NY</title>
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          <isin value="US542519ER00"/>
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        <curCd>USD</curCd>
        <valUSD>355505.31000000</valUSD>
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          <maturityDt>2037-07-15</maturityDt>
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        <name>NEW YORK NY</name>
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          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MILWAUKEE WI</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SANGAMON CNTY IL SCH DIST #186</name>
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          <maturityDt>2029-02-01</maturityDt>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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        <title>Pennsylvania Turnpike Commission</title>
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          <maturityDt>2035-06-01</maturityDt>
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        <name>MOBILE CNTY AL BRD OF SCH COMM</name>
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        <name>WILL CNTY IL CMNTY UNIT SCH DI</name>
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        <name>SANGAMON &amp; MORGAN CNTYS IL CMN</name>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BELMONT FRESH WTR SPLY DIST #1</name>
        <lei>N/A</lei>
        <title>Belmont Fresh Water Supply District No 1</title>
        <cusip>080375PA0</cusip>
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          <isin value="US080375PA00"/>
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        <balance>695000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>696544.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
        <lei>N/A</lei>
        <title>Madison-Macoupin Etc Counties Community College District No 536/IL</title>
        <cusip>557738NG2</cusip>
        <identifiers>
          <isin value="US557738NG21"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244413.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 171</title>
        <cusip>41423THN2</cusip>
        <identifiers>
          <isin value="US41423THN28"/>
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        <balance>905000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1115940.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</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>NEW YORK CITY NY INDL DEV AGY</name>
        <lei>549300XR20ZR5DHL9534</lei>
        <title>New York City Industrial Development Agency</title>
        <cusip>64971PEZ4</cusip>
        <identifiers>
          <isin value="US64971PEZ45"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1533618.45000000</valUSD>
        <pctVal>0.429863161128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.97000000</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>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
        <cusip>45129GKP9</cusip>
        <identifiers>
          <isin value="US45129GKP99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031111.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RENO NV CAPITAL IMPT REVENUE</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>City of Reno NV</title>
        <cusip>759831CU2</cusip>
        <identifiers>
          <isin value="US759831CU24"/>
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        <balance>265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>287029.82000000</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>2032-06-01</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>CHICAGO IL WSTWTR TRANSMISSION</name>
        <lei>N/A</lei>
        <title>City of Chicago IL Wastewater Transmission Revenue</title>
        <cusip>167727HU3</cusip>
        <identifiers>
          <isin value="US167727HU30"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1149167.24000000</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>2027-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>W CONTRA COSTA CA UNIF SCH DIS</name>
        <lei>N/A</lei>
        <title>West Contra Costa Unified School District</title>
        <cusip>952347TC6</cusip>
        <identifiers>
          <isin value="US952347TC66"/>
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        <balance>2010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1423327.63000000</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>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COATESVILLE PA AREA SCH DIST</name>
        <lei>549300FB4I8E5MPRFX97</lei>
        <title>Coatesville School District</title>
        <cusip>190684PN4</cusip>
        <identifiers>
          <isin value="US190684PN40"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>318840.81000000</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>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL TRANSIT AUTH SALES</name>
        <lei>N/A</lei>
        <title>Chicago Transit Authority Sales Tax Receipts Fund</title>
        <cusip>16772PCF1</cusip>
        <identifiers>
          <isin value="US16772PCF18"/>
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        <balance>4750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4553629.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SEASIDE OR TRANSIENT LODGING T</name>
        <lei>N/A</lei>
        <title>City of Seaside OR Transient Lodging Tax Revenue</title>
        <cusip>812513AN9</cusip>
        <identifiers>
          <isin value="US812513AN92"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>437549.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DECATUR IL</name>
        <lei>N/A</lei>
        <title>City of Decatur IL</title>
        <cusip>243127YG6</cusip>
        <identifiers>
          <isin value="US243127YG65"/>
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        <balance>2805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2854371.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
        <cusip>709223XA4</cusip>
        <identifiers>
          <isin value="US709223XA40"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>507965.27000000</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>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FONTANA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Fontana Unified School District</title>
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          <isin value="US344640WD56"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COOK CNTY IL SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>County of Cook IL Sales Tax Revenue</title>
        <cusip>213248CQ8</cusip>
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          <isin value="US213248CQ82"/>
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        <balance>780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>785477.32000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GRAND RIVER CO HOSP DIST</name>
        <lei>N/A</lei>
        <title>Grand River Hospital District</title>
        <cusip>386448EQ3</cusip>
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          <isin value="US386448EQ33"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>453591.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
        <lei>N/A</lei>
        <title>Oneida County Local Development Corp</title>
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        <identifiers>
          <isin value="US682440BM30"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>667452.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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          <isin value="US299488GY60"/>
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          <maturityDt>2049-01-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>KLICKITAT CNTY WA PUBLIC UTILI</name>
        <lei>N/A</lei>
        <title>Klickitat County Public Utility District No 1</title>
        <cusip>498622KD0</cusip>
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          <isin value="US498622KD07"/>
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        <curCd>USD</curCd>
        <valUSD>791047.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Jesup Community School District</title>
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          <isin value="US477070CA27"/>
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        <curCd>USD</curCd>
        <valUSD>842111.95000000</valUSD>
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        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>UNION CITY NJ</name>
        <lei>N/A</lei>
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          <isin value="US905734NX33"/>
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        <curCd>USD</curCd>
        <valUSD>510380.68000000</valUSD>
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        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <title>Sacramento City Unified School District/CA</title>
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          <isin value="US785870E691"/>
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        <curCd>USD</curCd>
        <valUSD>2092810.31000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
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        <title>City of Arlington TX Special Tax Revenue</title>
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          <isin value="US04184RBP47"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1617703.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARK 70 CO MET DIST</name>
        <lei>N/A</lei>
        <title>Park 70 Metropolitan District</title>
        <cusip>70014RAP2</cusip>
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          <isin value="US70014RAP29"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>457517.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
        <lei>N/A</lei>
        <title>City of Shreveport LA Water &amp; Sewer Revenue</title>
        <cusip>825485WN1</cusip>
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          <isin value="US825485WN19"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CASTLE OAKS CO MET DIST #3</name>
        <lei>N/A</lei>
        <title>Castle Oaks Metropolitan District No 3</title>
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          <isin value="US14846XAP15"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2993050.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Jesup Community School District</title>
        <cusip>477070BQ8</cusip>
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          <isin value="US477070BQ87"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>588504.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENTUCKY BOND DEV CORP INDL BL</name>
        <lei>N/A</lei>
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        <cusip>491211BN7</cusip>
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          <isin value="US491211BN73"/>
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        <balance>1045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1162160.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIO CA PUBLIC FING AUTH</name>
        <lei>N/A</lei>
        <title>Indio Finance Authority</title>
        <cusip>45571LDP9</cusip>
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          <isin value="US45571LDP94"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1717238.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
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        <title>Cloverleaf Local School District</title>
        <cusip>18925PGP7</cusip>
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          <isin value="US18925PGP71"/>
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        <curCd>USD</curCd>
        <valUSD>1949824.10000000</valUSD>
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        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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        <name>NEW HAVEN CT</name>
        <lei>549300U4OHEAZ124LQ06</lei>
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          <isin value="US645020T998"/>
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        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>HAZELWOOD MO SCH DIST</name>
        <lei>N/A</lei>
        <title>Hazelwood School District</title>
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          <isin value="US421722W472"/>
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        <balance>3000000.00000000</balance>
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        <debtSec>
          <maturityDt>2038-03-01</maturityDt>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 171</title>
        <cusip>41423THM4</cusip>
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          <isin value="US41423THM45"/>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>MARICOPA CNTY AZ HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>Maricopa County Unified School District No 60 Higley</title>
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          <isin value="US56756QBF63"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-06-01</maturityDt>
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        <name>CHATTANOOGA TN HLTH EDUCTNL &amp;H</name>
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        <title>Chattanooga Health Educational &amp; Housing Facility Board</title>
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          <isin value="US162410DQ41"/>
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        <name>LONG BEACH NY</name>
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      <invstOrSec>
        <name>BURLINGTON IA CMNTY SCH DIST S</name>
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        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>INDIANA CNTY PA INDL DEV AUTH</name>
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          <maturityDt>2033-05-01</maturityDt>
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        <name>GREEN OH LOCAL SCH DIST SUMMIT</name>
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        <name>HORIZON TX REGL MUNI UTILITY D</name>
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        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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          <isin value="US56042R8L98"/>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>ILLINOIS ST TOLL HIGHWAY AUTH</name>
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        <title>Illinois State Toll Highway Authority</title>
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          <isin value="US452252PQ68"/>
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          <maturityDt>2045-01-01</maturityDt>
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        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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        <name>ORANGE CITY IA WTR REVENUE</name>
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        <name>STHRN ILLINOIS ST UNIV</name>
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        <title>Southern Illinois University</title>
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          <isin value="US843146D730"/>
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          <maturityDt>2025-04-01</maturityDt>
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        <name>KENTUCKY BOND DEV CORP INDL BL</name>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
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        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
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          <isin value="US48620ABX37"/>
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        <name>GREATER CLARK IN BLDG CORP</name>
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        <name>KENILWORTH NJ SCH DIST</name>
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      <invstOrSec>
        <name>BOURBONNAIS IL</name>
        <lei>N/A</lei>
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          <maturityDt>2046-12-01</maturityDt>
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      <invstOrSec>
        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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        <name>MCCOOK IL</name>
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          <isin value="US579695CV79"/>
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        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
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          <isin value="US04184RBT68"/>
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          <maturityDt>2048-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK CITY NY INDL DEV AGY</name>
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          <isin value="US64971PKK02"/>
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        <curCd>USD</curCd>
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        <debtSec>
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      <invstOrSec>
        <name>KENILWORTH NJ SCH DIST</name>
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          <isin value="US489062CY32"/>
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      <invstOrSec>
        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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          <isin value="US952480AU54"/>
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        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
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      <invstOrSec>
        <name>SPARTANBURG CNTY SC SCH DIST #</name>
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          <isin value="US847031CP48"/>
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        <curCd>USD</curCd>
        <valUSD>2503635.72000000</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>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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          <isin value="US57582PCV04"/>
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        <invCountry>US</invCountry>
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        <debtSec>
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        <name>POWAY CA UNIF SCH DIST SPL TAX</name>
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        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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          <isin value="US504396HF25"/>
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          <maturityDt>2042-10-01</maturityDt>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>HARRIS CNTY-HOUSTON TX SPORTS</name>
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        <name>SAN MATEO CNTY CA CMNTY CLG DI</name>
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          <isin value="US799038FZ23"/>
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        <name>ILLINOIS ST SPORTS FACS AUTH</name>
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        <name>INDIANA CNTY PA INDL DEV AUTH</name>
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      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Chicago IL Waterworks Revenue</title>
        <cusip>167736U62</cusip>
        <identifiers>
          <isin value="US167736U623"/>
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        <balance>3220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3258948.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
        <cusip>416415FQ5</cusip>
        <identifiers>
          <isin value="US416415FQ51"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15246.72000000</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>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MCCOOK IL</name>
        <lei>549300J1T8QSYCEN8R62</lei>
        <title>Village of McCook IL</title>
        <cusip>579695CX3</cusip>
        <identifiers>
          <isin value="US579695CX36"/>
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        <balance>1875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2016888.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</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>W DELAWARE CNTY IA CMNTY SCH D</name>
        <lei>N/A</lei>
        <title>West Delaware County Community School District Sales &amp; Services Tax Revenue</title>
        <cusip>952480AE1</cusip>
        <identifiers>
          <isin value="US952480AE13"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>385380.84000000</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>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GROSSMONT CA UNION HIGH SCH DI</name>
        <lei>N/A</lei>
        <title>Grossmont Union High School District</title>
        <cusip>399262KB9</cusip>
        <identifiers>
          <isin value="US399262KB95"/>
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        <balance>2445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1440913.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
        <title>Fort Pierce Utilities Authority</title>
        <cusip>348430PT0</cusip>
        <identifiers>
          <isin value="US348430PT03"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>450420.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</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>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</title>
        <cusip>592643DQ0</cusip>
        <identifiers>
          <isin value="US592643DQ06"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>799450.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CRAWFORD IL HOSP DIST</name>
        <lei>N/A</lei>
        <title>Crawford Hospital District</title>
        <cusip>225022CJ9</cusip>
        <identifiers>
          <isin value="US225022CJ95"/>
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        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>719354.86000000</valUSD>
        <pctVal>0.201630434279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DE SMET SD SCH DIST #38-2</name>
        <lei>N/A</lei>
        <title>De Smet School District No 38-2</title>
        <cusip>250593DA5</cusip>
        <identifiers>
          <isin value="US250593DA58"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1436938.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ORANGE CITY IA WTR REVENUE</name>
        <lei>N/A</lei>
        <title>City of Orange City IA Water Revenue</title>
        <cusip>68417ECX9</cusip>
        <identifiers>
          <isin value="US68417ECX94"/>
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        <balance>1165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1191728.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59261AK48</cusip>
        <identifiers>
          <isin value="US59261AK486"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>543291.72000000</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>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
        <lei>54930034DVH6W22T1E86</lei>
        <title>Pittsburgh Water &amp; Sewer Authority</title>
        <cusip>725304WU9</cusip>
        <identifiers>
          <isin value="US725304WU94"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1532399.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KELSEYVILLE CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Kelseyville Unified School District</title>
        <cusip>488224DN3</cusip>
        <identifiers>
          <isin value="US488224DN31"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116758.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZJ8</cusip>
        <identifiers>
          <isin value="US665245ZJ88"/>
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        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>420992.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAINT LOUIS MO ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of St Louis MO Airport Revenue</title>
        <cusip>791638VG1</cusip>
        <identifiers>
          <isin value="US791638VG19"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>463795.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RENO NV CAPITAL IMPT REVENUE</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>City of Reno NV</title>
        <cusip>759831CZ1</cusip>
        <identifiers>
          <isin value="US759831CZ11"/>
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        <balance>1150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1122585.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZK5</cusip>
        <identifiers>
          <isin value="US665245ZK51"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>389742.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VISTA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Vista Unified School District</title>
        <cusip>928346QT5</cusip>
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      <invstOrSec>
        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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      <invstOrSec>
        <name>BELMONT FRESH WTR SPLY DIST #1</name>
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        <valUSD>2256097.39000000</valUSD>
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          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>HARTFORD CT</name>
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          <isin value="US416415HD21"/>
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        <curCd>USD</curCd>
        <valUSD>20708.37000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
        <lei>N/A</lei>
        <title>Finance Authority of Maine</title>
        <cusip>56042TAW8</cusip>
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          <isin value="US56042TAW80"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160788.05000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <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>FOOTHILL-DE ANZA CA CMNTY CLG</name>
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        <title>Foothill-De Anza Community College District</title>
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          <isin value="US345102JA62"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>885230.96000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</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>
      <invstOrSec>
        <name>TEXAS ST MUNI PWR AGY REVENUE</name>
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        <title>Texas Municipal Power Agency</title>
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          <isin value="US882555ZX69"/>
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        <curCd>USD</curCd>
        <valUSD>614724.74000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
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          <isin value="US837151T254"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2275351.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 423</title>
        <cusip>41429KEC2</cusip>
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          <isin value="US41429KEC27"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1850904.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ANAHEIM CA ELEM SCH DIST</name>
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        <title>Anaheim City School District/CA</title>
        <cusip>032555QY3</cusip>
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          <isin value="US032555QY38"/>
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        <curCd>USD</curCd>
        <valUSD>1011449.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>CRYSTAL VLY CO MET DIST #2</name>
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          <isin value="US22941LAW90"/>
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        <curCd>USD</curCd>
        <valUSD>1684670.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority</title>
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          <isin value="US65830RCT41"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
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          <isin value="US542403DQ01"/>
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        <valUSD>1080080.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST SPL OBLG DEDI</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts</title>
        <cusip>576002BH1</cusip>
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          <isin value="US576002BH15"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>WISCONSIN CENTER DIST WI TAX R</name>
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        <title>Wisconsin Center District</title>
        <cusip>976595EU8</cusip>
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          <isin value="US976595EU85"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616376.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 489</title>
        <cusip>41423LKS4</cusip>
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          <isin value="US41423LKS42"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
        <lei>N/A</lei>
        <title>Fort Bend County Municipal Utility District No 134B</title>
        <cusip>34683LRE8</cusip>
        <identifiers>
          <isin value="US34683LRE82"/>
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        <balance>390000.00000000</balance>
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        <valUSD>458629.78000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
        <cusip>709224Q28</cusip>
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          <isin value="US709224Q284"/>
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        <balance>1595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1689400.23000000</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>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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        <name>NEW YORK ST CONVENTION CENTER</name>
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        <debtSec>
          <maturityDt>2038-11-15</maturityDt>
          <couponKind>None</couponKind>
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          <maturityDt>2042-06-30</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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        <name>HARTFORD CT</name>
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          <maturityDt>2032-07-15</maturityDt>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>GOLD HILL MESA MET DIST #2 CO</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>WILL CNTY IL SCH DIST #114 MAN</name>
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        <name>RIVERBANK CA UNIF SCH DIST</name>
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          <maturityDt>2035-01-01</maturityDt>
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        <name>INDIAN WELLS CA REDEV AGY SUCC</name>
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        <name>WOODFORD CNTY KY SCH DIST FINC</name>
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        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORANGE CITY IA WTR REVENUE</name>
        <lei>N/A</lei>
        <title>City of Orange City IA Water Revenue</title>
        <cusip>68417ECV3</cusip>
        <identifiers>
          <isin value="US68417ECV39"/>
        </identifiers>
        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>665242.89000000</valUSD>
        <pctVal>0.186463205116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWEETWATER CA UNION HIGH SCH D</name>
        <lei>N/A</lei>
        <title>Sweetwater Union High School District</title>
        <cusip>870462SF6</cusip>
        <identifiers>
          <isin value="US870462SF67"/>
        </identifiers>
        <balance>965000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>970150.11000000</valUSD>
        <pctVal>0.271926692753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>PUERTO RICO ELEC PWR AUTH PWR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QLY6</cusip>
        <identifiers>
          <isin value="US74526QLY60"/>
        </identifiers>
        <balance>510000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>461594.42000000</valUSD>
        <pctVal>0.129381878876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.70500000</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>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 423</title>
        <cusip>41429KDP4</cusip>
        <identifiers>
          <isin value="US41429KDP49"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>391997.90000000</valUSD>
        <pctVal>0.109874432228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>65000BQJ0</cusip>
        <identifiers>
          <isin value="US65000BQJ07"/>
        </identifiers>
        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5471.89000000</valUSD>
        <pctVal>0.001533734764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>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>JACKSON CNTY MO SCH DIST HICKM</name>
        <lei>N/A</lei>
        <title>Hickman Mills C-1 School District/MO</title>
        <cusip>46741RDD6</cusip>
        <identifiers>
          <isin value="US46741RDD61"/>
        </identifiers>
        <balance>1960000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2263899.57000000</valUSD>
        <pctVal>0.634556154196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CICERO IL</name>
        <lei>N/A</lei>
        <title>Town of Cicero IL</title>
        <cusip>171646SD5</cusip>
        <identifiers>
          <isin value="US171646SD53"/>
        </identifiers>
        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>516556.52000000</valUSD>
        <pctVal>0.144787393884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</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>ONTARIO CA MONTCLAIR SCH DIST</name>
        <lei>N/A</lei>
        <title>Ontario Montclair School District</title>
        <cusip>683119BU4</cusip>
        <identifiers>
          <isin value="US683119BU46"/>
        </identifiers>
        <balance>390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>319867.12000000</valUSD>
        <pctVal>0.089656649177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN CENTER DIST WI TAX R</name>
        <lei>N/A</lei>
        <title>Wisconsin Center District</title>
        <cusip>976595GN2</cusip>
        <identifiers>
          <isin value="US976595GN25"/>
        </identifiers>
        <balance>5635000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1952437.90000000</valUSD>
        <pctVal>0.547255497350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
        <title>Fort Pierce Utilities Authority</title>
        <cusip>348430PS2</cusip>
        <identifiers>
          <isin value="US348430PS20"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>562879.20000000</valUSD>
        <pctVal>0.157771336309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
        <title>City of Long Beach NY</title>
        <cusip>542519EP4</cusip>
        <identifiers>
          <isin value="US542519EP44"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>445582.44000000</valUSD>
        <pctVal>0.124893826232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority</title>
        <cusip>70917RKC8</cusip>
        <identifiers>
          <isin value="US70917RKC87"/>
        </identifiers>
        <balance>135000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>132910.78000000</valUSD>
        <pctVal>0.037254017150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.78500000</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>HEBER UT LIGHT &amp; PWR COMPANY E</name>
        <lei>N/A</lei>
        <title>Heber Light &amp; Power Co</title>
        <cusip>42249TEB1</cusip>
        <identifiers>
          <isin value="US42249TEB17"/>
        </identifiers>
        <balance>4450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4864430.28000000</valUSD>
        <pctVal>1.363467802078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BALTIC SD SCH DIST #49-1</name>
        <lei>N/A</lei>
        <title>Baltic School District No 49-1</title>
        <cusip>058827EY8</cusip>
        <identifiers>
          <isin value="US058827EY88"/>
        </identifiers>
        <balance>1780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1996685.45000000</valUSD>
        <pctVal>0.559657794489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MUNI ELEC AUTH OF GA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>Municipal Electric Authority of Georgia</title>
        <cusip>62620HAV4</cusip>
        <identifiers>
          <isin value="US62620HAV42"/>
        </identifiers>
        <balance>1660000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1628578.03000000</valUSD>
        <pctVal>0.456479706617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</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>STATE PUBLIC SCH BLDG AUTH PA</name>
        <lei>5493006JN0UR7OGWTO86</lei>
        <title>State Public School Building Authority</title>
        <cusip>85732NBJ3</cusip>
        <identifiers>
          <isin value="US85732NBJ37"/>
        </identifiers>
        <balance>1205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1325399.62000000</valUSD>
        <pctVal>0.371500793050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</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>2023-03-22</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
