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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
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          <isin value="US592643DQ06"/>
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          <maturityDt>2037-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW BRITAIN CT</name>
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          <isin value="US642714BP30"/>
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      <invstOrSec>
        <name>GEORGETOWN TX INDEP SCH DIST</name>
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        <title>Georgetown Independent School District</title>
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          <isin value="US373046YW50"/>
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        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>BELMONT FRESH WTR SPLY DIST #1</name>
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          <isin value="US080375PA00"/>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
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          <isin value="US948564GM55"/>
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        <debtSec>
          <maturityDt>2041-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST ECON DEV FING</name>
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          <isin value="US70868YAT64"/>
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        <curCd>USD</curCd>
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          <maturityDt>2042-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>GRANDVILLE MI PUBLIC SCH DIST</name>
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          <isin value="US386892QJ54"/>
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        <curCd>USD</curCd>
        <valUSD>1781973.55000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON CA UNIF SCH DIST YO</name>
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          <isin value="US937411FB73"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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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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        <name>OSCEOLA CNTY FL TRANSPRTN REVE</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US6461365Q05"/>
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          <maturityDt>2050-06-15</maturityDt>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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          <isin value="US13032UUN61"/>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <title>New Jersey Transportation Trust Fund Authority</title>
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          <maturityDt>2024-12-15</maturityDt>
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        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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        <name>CHICAGO IL WSTWTR TRANSMISSION</name>
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          <maturityDt>2027-01-01</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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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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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>41423THN2</cusip>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL EXPRESSWAYA</name>
        <lei>549300NSQPQSO55VM780</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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      <invstOrSec>
        <name>ROBSTOWN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Robstown Independent School District</title>
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          <isin value="US771146WE33"/>
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        <curCd>USD</curCd>
        <valUSD>710719.87000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>GREEN OH LOCAL SCH DIST SUMMIT</name>
        <lei>N/A</lei>
        <title>Green Local School District/Summit County</title>
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          <isin value="US393192AP40"/>
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        <curCd>USD</curCd>
        <valUSD>3279586.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>ALBERTVILLE AL</name>
        <lei>549300QCCXK3SO22OD97</lei>
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          <isin value="US013122C794"/>
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        <curCd>USD</curCd>
        <valUSD>4634801.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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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          <isin value="US928346QT53"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3426596.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>GRAND JUNCTION CO REGL ARPT AU</name>
        <lei>N/A</lei>
        <title>Grand Junction Regional Airport Authority</title>
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          <isin value="US385785AG57"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>526178.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank</title>
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          <isin value="US45528SVL77"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2519236.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>
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          <isin value="US477070CA27"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>831532.41000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</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>477070BR6</cusip>
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          <isin value="US477070BR60"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595384.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>41429KDN9</cusip>
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          <isin value="US41429KDN90"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>381527.79000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZB5</cusip>
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          <isin value="US665245ZB52"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505969.40000000</valUSD>
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          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ROCK ISLAND IL</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WILLIAMSON CNTY IL CMNTY UNIT</name>
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        <title>Williamson County Community Unit School District No 1 Johnston City</title>
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          <isin value="US969768DM90"/>
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        <curCd>USD</curCd>
        <valUSD>520225.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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        <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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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 423</title>
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          <isin value="US41429KDP49"/>
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        <balance>350000.00000000</balance>
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        <name>NEW HAVEN CT</name>
        <lei>549300U4OHEAZ124LQ06</lei>
        <title>City of New Haven CT</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>N HUDSON NJ SEWERAGE AUTH SWR</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>WOODFORD CNTY KY SCH DIST FINC</name>
        <lei>N/A</lei>
        <title>Woodford County School District Finance Corp</title>
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          <isin value="US979385MZ13"/>
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        <balance>1040000.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>GALVESTON CNTY TX MUNI UTILITY</name>
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        <name>MONROE WI SCH DIST</name>
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          <maturityDt>2043-03-01</maturityDt>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>SAGINAW MI WTR SPLY SYS REVENU</name>
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        <name>DECATUR IL</name>
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          <maturityDt>2040-03-01</maturityDt>
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          <maturityDt>2026-04-15</maturityDt>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
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        <name>INDIAN WELLS CA REDEV AGY SUCC</name>
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        <name>KENILWORTH NJ SCH DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SIOUX CITY IA CMNTY SCH DIST S</name>
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          <isin value="US829475GF39"/>
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          <maturityDt>2023-10-01</maturityDt>
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        <name>DELAWARE VLY PA REGL FIN AUTH</name>
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          <isin value="US246579DT04"/>
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        <curCd>USD</curCd>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.70000000</annualizedRt>
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        <name>HORIZON TX REGL MUNI UTILITY D</name>
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          <isin value="US44044TMZ20"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-01</maturityDt>
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        <name>PHILADELPHIA PA ARPT REVENUE</name>
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          <isin value="US717817XV73"/>
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          <maturityDt>2039-07-01</maturityDt>
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        <name>NEW YORK CITY NY INDL DEV AGY</name>
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        <title>New York City Industrial Development Agency</title>
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          <isin value="US64971PEZ45"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-01</maturityDt>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
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          <isin value="US65000BQJ07"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>BRANDON SD WTR SURCHARGE REVEN</name>
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          <isin value="US10530AAR68"/>
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          <maturityDt>2047-08-01</maturityDt>
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        <name>INDIANA CNTY PA INDL DEV AUTH</name>
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          <isin value="US45469NEB01"/>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US646136TM34"/>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <title>Puerto Rico Electric Power Authority</title>
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        <name>TEXAS ST PUBLIC FIN AUTH REVEN</name>
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          <isin value="US88277PBA21"/>
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        <name>CLINTON IA CMNTY SCH DIST SCHI</name>
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        <name>NATOMAS CA UNIF SCH DIST</name>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
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          <isin value="US592643DH07"/>
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        <balance>2000000.00000000</balance>
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        <name>S WSTRN IL DEV AUTH REV</name>
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          <maturityDt>2040-12-01</maturityDt>
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      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
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          <isin value="US348430PT03"/>
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          <maturityDt>2042-10-01</maturityDt>
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      <invstOrSec>
        <name>GOLD HILL MESA MET DIST #2 CO</name>
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          <isin value="US38060PAN15"/>
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        <curCd>USD</curCd>
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          <maturityDt>2047-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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          <isin value="US592248BC11"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
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          <isin value="US542519EP44"/>
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        <valUSD>442516.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>ILLINOIS ST</name>
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          <isin value="US4521526M81"/>
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          <maturityDt>2045-05-01</maturityDt>
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        <name>SAN MATEO CALIF SPL TAX</name>
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          <isin value="US79901PCX42"/>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>FLORIDA ST BRD OF GOVERNORS FL</name>
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          <isin value="US34114CCR43"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BERLIN BORO NJ SCH DIST</name>
        <lei>N/A</lei>
        <title>Berlin Borough School District</title>
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          <isin value="US084766CV41"/>
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        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH HOSP REV</name>
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        <title>Arizona Industrial Development Authority</title>
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          <isin value="US04052EAC21"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-01</maturityDt>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <isin value="US41423LKS42"/>
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        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
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          <isin value="US48620ABX37"/>
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        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
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        <title>Idaho Housing &amp; Finance Association</title>
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        <name>BUFFALO MINN</name>
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        <name>COOK CNTY IL TWP HIGH SCH DIST</name>
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        <name>BERLIN BORO NJ SCH DIST</name>
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        <name>FORT PIERCE FL UTILITIES AUTH</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>CHARLOTTE-MECKLENBURG NC HOSPA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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        <name>WILLIAMSON CNTY IL CMNTY UNIT</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
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          <isin value="US557738NG21"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-11-01</maturityDt>
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      <invstOrSec>
        <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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          <isin value="US34683LRE82"/>
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        <valUSD>441626.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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          <isin value="US682440BL56"/>
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        <balance>305000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <isin value="US41423THM45"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261ACH86"/>
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        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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        <name>TEXAS ST TECH CLG SYS FING SYS</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AJ991"/>
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        <name>N HUDSON NJ SEWERAGE AUTH GROS</name>
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        <name>DE SMET SD SCH DIST #38-2</name>
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          <isin value="US250593DA58"/>
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        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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        <name>UNION ALEXANDER ETC CNTYS IL C</name>
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        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
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        <name>NEW JERSEY ST BLDG AUTH</name>
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      <invstOrSec>
        <name>MULTNOMAH CNTY OR SCH DIST #1J</name>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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        <name>UNIV OF ALASKA AK REVENUES</name>
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          <isin value="US914046N602"/>
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        <curCd>USD</curCd>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>VIROQUA WI AREA SCH DIST</name>
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        <name>BERLIN BORO NJ SCH DIST</name>
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          <isin value="US084766CW24"/>
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        <name>COOK CNTY IL SALES TAX REVENUE</name>
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          <isin value="US213248CQ82"/>
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        <name>MAYWOOD NJ SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US578745EJ67"/>
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      <invstOrSec>
        <name>HARTFORD CT</name>
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          <isin value="US416415HD21"/>
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        <name>WISCONSIN CENTER DIST WI TAX R</name>
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          <isin value="US976595EU85"/>
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        <name>MIAMI-DADE CNTY FL SEAPORT REV</name>
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        <name>BRAZORIA CNTY TX MUNI UTILITY</name>
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        <name>TEXAS ST MUNI PWR AGY REVENUE</name>
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          <isin value="US882555ZT57"/>
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        <name>SALT LAKE CITY UT ARPT REVENUE</name>
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        <name>BURLINGTON IA CMNTY SCH DIST S</name>
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        <name>BELMONT FRESH WTR SPLY DIST #1</name>
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          <isin value="US080375PD49"/>
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        <name>KENTUCKY ST ECON DEV FIN AUTH</name>
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        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
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      <invstOrSec>
        <name>GRAND RIVER CO HOSP DIST</name>
        <lei>N/A</lei>
        <title>Grand River Hospital District</title>
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          <isin value="US386448EQ33"/>
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        <curCd>USD</curCd>
        <valUSD>445137.31000000</valUSD>
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        <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>MCKEESPORT PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Mckeesport Area School District</title>
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          <isin value="US581408WD97"/>
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        <curCd>USD</curCd>
        <valUSD>1009127.46000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DENTON TX INDEP SCH DIST</name>
        <lei>5493005I9W678SUI0Z07</lei>
        <title>Denton Independent School District</title>
        <cusip>249002HH2</cusip>
        <identifiers>
          <isin value="US249002HH21"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2138524.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GEORGETOWN TX UTILITY SYS REVE</name>
        <lei>N/A</lei>
        <title>City of Georgetown TX Utility System Revenue</title>
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          <isin value="US373064T200"/>
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        <balance>960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1054993.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILL CNTY IL CMNTY UNIT SCH DI</name>
        <lei>N/A</lei>
        <title>Will County Community Unit School District No 201-U Crete-Monee</title>
        <cusip>969003TY8</cusip>
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          <isin value="US969003TY85"/>
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        <balance>3735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4052624.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>City of Arlington TX Special Tax Revenue</title>
        <cusip>04184RBP4</cusip>
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          <isin value="US04184RBP47"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPARTANBURG CNTY SC SCH DIST #</name>
        <lei>N/A</lei>
        <title>Spartanburg County School District No 4/SC</title>
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          <isin value="US847031CP48"/>
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        <balance>1830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2023454.61000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</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>
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      <invstOrSec>
        <name>OHIO ST</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US6775222Q68"/>
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        <balance>1065000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1084177.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
        <lei>N/A</lei>
        <title>Harris County Water Control &amp; Improvement District No 158</title>
        <cusip>41453EAE5</cusip>
        <identifiers>
          <isin value="US41453EAE59"/>
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        <balance>360000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>KENTUCKY BOND DEV CORP INDL BL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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          <isin value="US41453EAD76"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
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      <invstOrSec>
        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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          <isin value="US39160CAQ06"/>
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        <name>WYANDOTTE CNTY KS SCH DIST #20</name>
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        <title>Wyandotte County Unified School District No 203 Piper</title>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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      <invstOrSec>
        <name>Banning Unified School District</name>
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        <name>TEMPLE TX TAX INCR</name>
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        <name>WILL CNTY IL SCH DIST #114 MAN</name>
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      <invstOrSec>
        <name>PARK CREEK CO MET DIST REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US700387HC07"/>
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        <curCd>USD</curCd>
        <valUSD>3154865.46000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL WTR &amp; SWR R</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade FL Water &amp; Sewer System Revenue</title>
        <cusip>59334DNQ3</cusip>
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          <isin value="US59334DNQ33"/>
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        <curCd>USD</curCd>
        <valUSD>1356633.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DECATUR IL</name>
        <lei>N/A</lei>
        <title>City of Decatur IL</title>
        <cusip>243127YH4</cusip>
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          <isin value="US243127YH49"/>
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        <curCd>USD</curCd>
        <valUSD>2989997.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOBILE CNTY AL BRD OF SCH COMM</name>
        <lei>N/A</lei>
        <title>Mobile County Board of School Commissioners</title>
        <cusip>607298BK1</cusip>
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          <isin value="US607298BK16"/>
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        <curCd>USD</curCd>
        <valUSD>2870597.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEKALB NEWTON &amp; GWINNETT CNTYS</name>
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        <cusip>24487RBR2</cusip>
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          <isin value="US24487RBR21"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2252123.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</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>WESTMORELAND CNTY PA MUNI AUTH</name>
        <lei>N/A</lei>
        <title>Westmoreland County Municipal Authority</title>
        <cusip>961017QQ6</cusip>
        <identifiers>
          <isin value="US961017QQ63"/>
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        <balance>1115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1140623.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-15</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>
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      <invstOrSec>
        <name>HEBER UT LIGHT &amp; PWR COMPANY E</name>
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        <title>Heber Light &amp; Power Co</title>
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          <isin value="US42249TEB17"/>
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        <balance>4450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4746424.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</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>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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          <isin value="US838536MH03"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>556285.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</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>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152H61</cusip>
        <identifiers>
          <isin value="US452152H616"/>
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        <balance>3300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3194364.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BLACK BELT ENERGY GAS DIST AL</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District</title>
        <cusip>09182TBD8</cusip>
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          <isin value="US09182TBD81"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2449037.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.63000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
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          <isin value="US416415HB64"/>
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        <curCd>USD</curCd>
        <valUSD>25371.34000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</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>MONTGOMERY CNTY TX MUNI UTIL D</name>
        <lei>N/A</lei>
        <title>Montgomery County Municipal Utility District No 95</title>
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        <identifiers>
          <isin value="US61370NMK62"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2059380.00000000</valUSD>
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        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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        <title>Maine Health &amp; Higher Educational Facilities Authority</title>
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          <isin value="US56042R8L98"/>
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          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>JOLIET IL</name>
        <lei>N/A</lei>
        <title>City of Joliet IL</title>
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          <isin value="US479754NR08"/>
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          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>FOOTHILL-DE ANZA CA CMNTY CLG</name>
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          <isin value="US345102JA62"/>
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        <balance>1050000.00000000</balance>
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        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
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        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
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        <title>City of Shreveport LA Water &amp; Sewer Revenue</title>
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          <isin value="US825485WF84"/>
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        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
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      <invstOrSec>
        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
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        <title>Greater Texoma Utility Authority</title>
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          <isin value="US39239MAE21"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Chicago IL Waterworks Revenue</title>
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          <isin value="US167736U623"/>
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        <balance>3220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3242210.59000000</valUSD>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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      <invstOrSec>
        <name>WRIGHT CITY MO SCH DIST #R-2</name>
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        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MASSACHUSETTS ST SPL OBLG DEDI</name>
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          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <isin value="US41429KDQ22"/>
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        <invCountry>US</invCountry>
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        <name>SALES TAX SECURITIZATION CORP</name>
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        <invCountry>US</invCountry>
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        <name>CHICAGO IL</name>
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          <couponKind>Fixed</couponKind>
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        <name>BALTIC SD SCH DIST #49-1</name>
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        <name>BAY AREA CA TOLL AUTH TOLL BRI</name>
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        <name>NTHRN CO WTR CONSERVANCY DISTC</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>PADUCAH KY ELEC PLANT BRD REVE</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>ORANGE CITY IA WTR REVENUE</name>
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        <name>CHESAPEAKE VA WTR &amp; SWR SYS RE</name>
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        <name>BALTIC SD SCH DIST #49-1</name>
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        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MARICOPA CNTY AZ ELEM SCH DIST</name>
        <lei>N/A</lei>
        <title>Maricopa County Elementary School District No 8 Osborn</title>
        <cusip>56674MBY3</cusip>
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          <isin value="US56674MBY30"/>
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        <curCd>USD</curCd>
        <valUSD>805284.90000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WEST TX</name>
        <lei>N/A</lei>
        <title>City of West TX</title>
        <cusip>956211EV4</cusip>
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          <isin value="US956211EV49"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>432944.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>1670758.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <title>Pittsburgh Water &amp; Sewer Authority</title>
        <cusip>725304WV7</cusip>
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          <isin value="US725304WV77"/>
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        <balance>1420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1594390.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PITTSBURGH &amp; ALLEGHENY CNTY PA</name>
        <lei>N/A</lei>
        <title>Sports &amp; Exhibition Authority of Pittsburgh and Allegheny County</title>
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          <isin value="US724799BS98"/>
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        <curCd>USD</curCd>
        <valUSD>1297215.97000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SACRAMENTO CA CITY FING AUTH</name>
        <lei>549300D8GE38KYE3NW14</lei>
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          <isin value="US785849QF06"/>
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        <balance>4945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4885067.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 489</title>
        <cusip>41423LKT2</cusip>
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          <isin value="US41423LKT25"/>
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        <balance>705000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>809118.21000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILLIAMSON CNTY TX MUNI UTILIT</name>
        <lei>N/A</lei>
        <title>Williamson County Municipal Utility District No 25</title>
        <cusip>97001TCP4</cusip>
        <identifiers>
          <isin value="US97001TCP49"/>
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        <balance>1190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1193473.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
        <lei>N/A</lei>
        <title>Lazy Nine Municipal Utility District No 1B</title>
        <cusip>52109HQB2</cusip>
        <identifiers>
          <isin value="US52109HQB23"/>
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        <balance>605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595557.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <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>477070BS4</cusip>
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          <isin value="US477070BS44"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>615432.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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>1689763.26000000</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>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
        <title>City of Long Beach NY</title>
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          <isin value="US542519ER00"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>352397.83000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <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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          <maturityDt>2027-10-01</maturityDt>
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      <invstOrSec>
        <name>CLG IA CMNTY SCH DIST SCH INFR</name>
        <lei>N/A</lei>
        <title>College Community School District Infrastructure Sales Services &amp; Use Tax</title>
        <cusip>194235AM9</cusip>
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          <isin value="US194235AM93"/>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>BRAZORIA CNTY TX MUNI UTILITY</name>
        <lei>N/A</lei>
        <title>Brazoria County Municipal Utility District No 22</title>
        <cusip>10605QKE9</cusip>
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          <isin value="US10605QKE97"/>
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        <balance>895000.00000000</balance>
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          <maturityDt>2044-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL TRANSIT AUTH SALES</name>
        <lei>N/A</lei>
        <title>Chicago Transit Authority Sales Tax Receipts Fund</title>
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          <isin value="US16772PCF18"/>
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        <balance>4750000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AMHERST NY DEV CORP</name>
        <lei>N/A</lei>
        <title>Amherst Development Corp</title>
        <cusip>03135NBH3</cusip>
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          <isin value="US03135NBH35"/>
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        <balance>3905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3805348.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Jesup Community School District</title>
        <cusip>477070BZ8</cusip>
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          <isin value="US477070BZ86"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>797038.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>RENO NV CAPITAL IMPT REVENUE</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>City of Reno NV</title>
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          <isin value="US759831CZ11"/>
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        <curCd>USD</curCd>
        <valUSD>1096056.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</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>LA SALLE CNTY IL CMNTY UNIT SC</name>
        <lei>N/A</lei>
        <title>La Salle County Community Unit School District No 2 Serena</title>
        <cusip>504396HD7</cusip>
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          <isin value="US504396HD76"/>
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        <balance>1825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2058266.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OAK GROVE CA SCH DIST</name>
        <lei>N/A</lei>
        <title>Oak Grove School District</title>
        <cusip>6712054E9</cusip>
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          <isin value="US6712054E92"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1456729.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CRYSTAL VLY CO MET DIST #2</name>
        <lei>N/A</lei>
        <title>Crystal Valley Metropolitan District No 2</title>
        <cusip>22941LAW9</cusip>
        <identifiers>
          <isin value="US22941LAW90"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1628262.21000000</valUSD>
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        <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>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOBILE CNTY AL BRD OF SCH COMM</name>
        <lei>N/A</lei>
        <title>Mobile County Board of School Commissioners</title>
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          <isin value="US607298AD81"/>
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        <balance>1325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1381041.54000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MONROE WI SCH DIST</name>
        <lei>N/A</lei>
        <title>Monroe School District/WI</title>
        <cusip>611424LP5</cusip>
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          <isin value="US611424LP59"/>
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        <balance>2760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2718820.25000000</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>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST ECON DEV FINGA</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority</title>
        <cusip>70870EEA3</cusip>
        <identifiers>
          <isin value="US70870EEA38"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>592545.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 423</title>
        <cusip>41429KEC2</cusip>
        <identifiers>
          <isin value="US41429KEC27"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1827561.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
        <lei>N/A</lei>
        <title>Harris County Water Control &amp; Improvement District No 158</title>
        <cusip>41453EAF2</cusip>
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          <isin value="US41453EAF25"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>454126.26000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245YP5</cusip>
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          <isin value="US665245YP57"/>
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        <balance>1425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1398785.27000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MACON CNTY IL SCH DIST #61</name>
        <lei>N/A</lei>
        <title>Macon County School District No 61 Decatur</title>
        <cusip>555597JC8</cusip>
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          <isin value="US555597JC82"/>
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        <valUSD>1359121.61000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>FRANKLIN CNTY WA SCH DIST #1 P</name>
        <lei>N/A</lei>
        <title>Franklin County School District No 1 Pasco</title>
        <cusip>353442E85</cusip>
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          <isin value="US353442E857"/>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>KENILWORTH NJ SCH DIST</name>
        <lei>N/A</lei>
        <title>Kenilworth School District</title>
        <cusip>489062CY3</cusip>
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          <isin value="US489062CY32"/>
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        <balance>1020000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>BERLIN BORO NJ SCH DIST</name>
        <lei>N/A</lei>
        <title>Berlin Borough School District</title>
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          <isin value="US084766CX07"/>
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        <balance>1360000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
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      <invstOrSec>
        <name>JACKSON CNTY MO SCH DIST HICKM</name>
        <lei>N/A</lei>
        <title>Hickman Mills C-1 School District/MO</title>
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        <balance>1960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2205224.22000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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        <title>Kelseyville Unified School District</title>
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          <isin value="US488224DN31"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116431.35000000</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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority</title>
        <cusip>70917RKC8</cusip>
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          <isin value="US70917RKC87"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>108735.95000000</valUSD>
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        <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>4.30700000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEXAS ST PUBLIC FIN AUTH REVEN</name>
        <lei>N/A</lei>
        <title>Texas Public Finance Authority</title>
        <cusip>88277PBD6</cusip>
        <identifiers>
          <isin value="US88277PBD69"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>539982.95000000</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>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>CALUMET CITY IL</name>
        <lei>N/A</lei>
        <title>City of Calumet City IL</title>
        <cusip>131393TW0</cusip>
        <identifiers>
          <isin value="US131393TW09"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>983014.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</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>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
        <lei>N/A</lei>
        <title>Maine Health &amp; Higher Educational Facilities Authority</title>
        <cusip>56042R8J4</cusip>
        <identifiers>
          <isin value="US56042R8J43"/>
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        <balance>1180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1315868.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GUADALUPE-BLANCO TX RIVER AUTH</name>
        <lei>N/A</lei>
        <title>Guadalupe-Blanco River Authority</title>
        <cusip>400525AT8</cusip>
        <identifiers>
          <isin value="US400525AT88"/>
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        <balance>1975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2272193.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</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>
        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
        <title>City of Long Beach NY</title>
        <cusip>542519ES8</cusip>
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          <isin value="US542519ES82"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1906327.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STHRN ILLINOIS ST UNIV</name>
        <lei>N/A</lei>
        <title>Southern Illinois University</title>
        <cusip>843146D73</cusip>
        <identifiers>
          <isin value="US843146D730"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>361252.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>
        <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>
        <identifiers>
          <isin value="US825485WN19"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133541.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COAST CA CMNTY CLG DIST</name>
        <lei>N/A</lei>
        <title>Coast Community College District</title>
        <cusip>190335DE6</cusip>
        <identifiers>
          <isin value="US190335DE63"/>
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        <balance>930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>846136.97000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>City of Arlington TX Special Tax Revenue</title>
        <cusip>04184RBT6</cusip>
        <identifiers>
          <isin value="US04184RBT68"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2078173.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MATAGORDA CNTY TX NAV DIST #1</name>
        <lei>N/A</lei>
        <title>Matagorda County Navigation District No 1</title>
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        <identifiers>
          <isin value="US576528CY75"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>509548.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
        <lei>N/A</lei>
        <title>Kaufman County Municipal Utility District No 3</title>
        <cusip>48620ABZ8</cusip>
        <identifiers>
          <isin value="US48620ABZ84"/>
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        <balance>1560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1592052.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONTARIO CA MONTCLAIR SCH DIST</name>
        <lei>N/A</lei>
        <title>Ontario Montclair School District</title>
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          <isin value="US683119BU46"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>316899.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>646136TP6</cusip>
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          <isin value="US646136TP64"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231071.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANGAMON &amp; CHRISTIAN CNTYS IL</name>
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        <title>Sangamon &amp; Christian Counties Community Unit School District No 3A Rochester</title>
        <cusip>800722GT1</cusip>
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          <isin value="US800722GT19"/>
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        <valUSD>1735890.93000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
        <cusip>416415GV3</cusip>
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          <isin value="US416415GV38"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62248.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LUZERNE CNTY PA</name>
        <lei>5493001Z1Y4QDISEER29</lei>
        <title>County of Luzerne PA</title>
        <cusip>550697VE3</cusip>
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          <isin value="US550697VE35"/>
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        <balance>2480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2528962.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRANDON SD WTR SURCHARGE REVEN</name>
        <lei>N/A</lei>
        <title>City of Brandon SD Water Utility Revenue</title>
        <cusip>10530AAQ8</cusip>
        <identifiers>
          <isin value="US10530AAQ85"/>
        </identifiers>
        <balance>1470000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1487645.15000000</valUSD>
        <pctVal>0.357810554764</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>4.25000000</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>2023-09-26</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
