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          <isin value="US46247DAC11"/>
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        <name>WRIGHT CITY MO SCH DIST #R-2</name>
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          <isin value="US982260HR55"/>
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        <name>LONG BEACH CA ARPT REVENUE</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-06-01</maturityDt>
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        <name>MIAMI-DADE CNTY FL TRANSIT SAL</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <maturityDt>2031-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
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        <name>DELAWARE ST</name>
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        <name>GUAM PWR AUTH REVENUE</name>
        <lei>549300IPOV320QCKW060</lei>
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          <isin value="US400653JZ51"/>
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        <name>LONG BEACH CA ARPT REVENUE</name>
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          <isin value="US542403DA58"/>
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        <name>KING CNTY WA SWR REVENUE</name>
        <lei>N/A</lei>
        <title>County of King WA Sewer Revenue</title>
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          <isin value="US495290EF18"/>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <name>INDIANA CNTY PA INDL DEV AUTH</name>
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        <name>NORTHERN IL UNIV REVENUES</name>
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          <isin value="US665245YZ30"/>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>WISE CNTY VA INDL DEV AUTH SOL</name>
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        <name>EDINBURG TX CONSOL INDEP SCH D</name>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp</title>
        <cusip>041807BB3</cusip>
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          <isin value="US041807BB39"/>
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        <issuerCat>MUN</issuerCat>
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          <maturityDt>2032-08-15</maturityDt>
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      <invstOrSec>
        <name>DIST OF COLUMBIA</name>
        <lei>549300HWFOZXPKGOX654</lei>
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          <isin value="US25476FNT11"/>
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        <curCd>USD</curCd>
        <valUSD>1011025.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SPOKANE WA PUBLIC FACS DIST HO</name>
        <lei>N/A</lei>
        <title>Spokane Public Facilities District</title>
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          <isin value="US849088DR76"/>
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        <curCd>USD</curCd>
        <valUSD>549962.29000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JOHNSON CNTY KS UNIF SCH DIST#</name>
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        <title>Johnson County Unified School District No 233 Olathe</title>
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          <isin value="US4787182D01"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-01</maturityDt>
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      <invstOrSec>
        <name>N TX TOLLWAY AUTH REVENUE</name>
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        <title>North Texas Tollway Authority</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>GRAND FORKS ND HLTH CARE SYS R</name>
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          <isin value="US38546WDJ62"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI BEACH FL WTR &amp; SWR REVEN</name>
        <lei>N/A</lei>
        <title>City of Miami Beach FL Water &amp; Sewer Revenue</title>
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        <identifiers>
          <isin value="US593241CE05"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1049481.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALABAMA ST</name>
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        <cusip>010411AK2</cusip>
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          <isin value="US010411AK24"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>992690.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
        <lei>549300BJRX2FHSSZP042</lei>
        <title>Colorado Educational &amp; Cultural Facilities Authority</title>
        <cusip>19645UHZ0</cusip>
        <identifiers>
          <isin value="US19645UHZ03"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>468733.94000000</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>2036-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QY71</cusip>
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          <isin value="US74526QY712"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25005.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS ST SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>State of Illinois Sales Tax Revenue</title>
        <cusip>452227RC7</cusip>
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          <isin value="US452227RC72"/>
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        <balance>600000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>ILLINOIS ST TOLL HIGHWAY AUTH</name>
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        <title>Illinois State Toll Highway Authority</title>
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          <isin value="US452252JG50"/>
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        <balance>1500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MUNI ELEC AUTH OF GEORGIA</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>Municipal Electric Authority of Georgia</title>
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          <isin value="US6262074D38"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
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      <invstOrSec>
        <name>GOLD HILL MESA MET DIST #2 CO</name>
        <lei>N/A</lei>
        <title>Gold Hill Mesa Metropolitan District No 2</title>
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          <isin value="US38060PAG63"/>
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        <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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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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      <invstOrSec>
        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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        <name>S WSTRN IL DEV AUTH REV</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
        <title>Southwestern Illinois Development Authority</title>
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      <invstOrSec>
        <name>WEST VIRGINIA ST HOSP FIN AUTH</name>
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          <maturityDt>2039-09-01</maturityDt>
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      <invstOrSec>
        <name>NEW YORK NY</name>
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          <maturityDt>2038-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>GROSSMONT CA UNION HIGH SCH DI</name>
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        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>WYOMING MI PUBLIC SCHS</name>
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        <curCd>USD</curCd>
        <valUSD>500882.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <valUSD>2102378.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>COLLEGE STATION TX</name>
        <lei>N/A</lei>
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          <isin value="US194469LK65"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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      <invstOrSec>
        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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          <isin value="US488224DQ61"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>HARRISONBURG VA</name>
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          <isin value="US415666RW81"/>
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        <curCd>USD</curCd>
        <valUSD>1951871.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-07-15</maturityDt>
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          <annualizedRt>1.75000000</annualizedRt>
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        <name>UTAH ST ASSOCIATED MUNI PWR SY</name>
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        <curCd>USD</curCd>
        <valUSD>541345.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ARLINGTON CNTY VA INDL DEV AUT</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MSD OF WASH TWP SCH BLDG CORP</name>
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        <name>BARBERS HILL TX INDEP SCH DIST</name>
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          <maturityDt>2041-02-15</maturityDt>
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        <name>CAPITAL TRUST AGY FL REVENUE</name>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>CLARK CNTY NV SCH DIST</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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      <invstOrSec>
        <name>ALAMITO TX PUBLIC FACS CORP MF</name>
        <lei>N/A</lei>
        <title>Alamito Public Facility Corp</title>
        <cusip>011245AH0</cusip>
        <identifiers>
          <isin value="US011245AH03"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3985619.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.50000000</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>KENTUCKY ST PUBLIC ENERGY AUTH</name>
        <lei>N/A</lei>
        <title>Kentucky Public Energy Authority</title>
        <cusip>74440DCM4</cusip>
        <identifiers>
          <isin value="US74440DCM48"/>
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        <balance>2325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2302914.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</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>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
        <lei>N/A</lei>
        <title>Maine Health &amp; Higher Educational Facilities Authority</title>
        <cusip>56042RG55</cusip>
        <identifiers>
          <isin value="US56042RG550"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>558192.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UTAH CNTY UT HOSP REVENUE</name>
        <lei>N/A</lei>
        <title>County of Utah UT</title>
        <cusip>917393CV0</cusip>
        <identifiers>
          <isin value="US917393CV01"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1544194.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VL97</cusip>
        <identifiers>
          <isin value="US13048VL973"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>493455.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LONG ISLAND NY PWR AUTH ELEC S</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
        <title>Long Island Power Authority</title>
        <cusip>5426903F7</cusip>
        <identifiers>
          <isin value="US5426903F76"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>608292.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP N</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp</title>
        <cusip>888808HT2</cusip>
        <identifiers>
          <isin value="US888808HT28"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>999903.90000000</valUSD>
        <pctVal>0.217065808063</pctVal>
        <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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>65000BYV4</cusip>
        <identifiers>
          <isin value="US65000BYV43"/>
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        <balance>1350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1503281.30000000</valUSD>
        <pctVal>0.326342331629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAKE CNTY IL SCH DIST #112 N S</name>
        <lei>N/A</lei>
        <title>Lake County School District No 112 North Shore</title>
        <cusip>509076CM5</cusip>
        <identifiers>
          <isin value="US509076CM50"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1012265.00000000</valUSD>
        <pctVal>0.219749238101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH NATIO</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052FCP8</cusip>
        <identifiers>
          <isin value="US04052FCP80"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>570540.12000000</valUSD>
        <pctVal>0.123856654804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUDSON WI SCH DIST</name>
        <lei>N/A</lei>
        <title>Hudson School District</title>
        <cusip>444197MC8</cusip>
        <identifiers>
          <isin value="US444197MC88"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>469140.30000000</valUSD>
        <pctVal>0.101844105533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW JERSEY ST HSG &amp; MTGE FIN A</name>
        <lei>5493002ONULJL0FIGU24</lei>
        <title>New Jersey Housing &amp; Mortgage Finance Agency</title>
        <cusip>646127FG0</cusip>
        <identifiers>
          <isin value="US646127FG05"/>
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        <balance>1635000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1626350.03000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.50000000</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>
        <name>ILLINOIS ST DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>Illinois Development Finance Authority</title>
        <cusip>451913AH0</cusip>
        <identifiers>
          <isin value="US451913AH02"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>466680.65000000</valUSD>
        <pctVal>0.101310148305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>W PALM BEACH FL UTILITY SYS RE</name>
        <lei>N/A</lei>
        <title>City of West Palm Beach FL Utility System Revenue</title>
        <cusip>955121QA9</cusip>
        <identifiers>
          <isin value="US955121QA90"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3674051.50000000</valUSD>
        <pctVal>0.797587605882</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>665245YV2</cusip>
        <identifiers>
          <isin value="US665245YV26"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259937.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ERIE PA</name>
        <lei>N/A</lei>
        <title>City of Erie PA</title>
        <cusip>295407Q52</cusip>
        <identifiers>
          <isin value="US295407Q525"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400330.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RICHMOND MI CMNTY SCHS</name>
        <lei>N/A</lei>
        <title>Richmond Community Schools/MI</title>
        <cusip>765177CV0</cusip>
        <identifiers>
          <isin value="US765177CV06"/>
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        <balance>2655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2719476.68000000</valUSD>
        <pctVal>0.590362136855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
        <title>State of California</title>
        <cusip>13063DVG0</cusip>
        <identifiers>
          <isin value="US13063DVG05"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2125893.40000000</valUSD>
        <pctVal>0.461503119177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>NEW YORK ST DORM AUTH SALES TA</name>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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          <isin value="US646066TW02"/>
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        <name>CHICAGO IL PARK DIST</name>
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          <isin value="US167615W583"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PUBLIC FIN AUTH WI LEASE DEV R</name>
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        <title>Public Finance Authority</title>
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          <isin value="US74444YAW49"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-03-01</maturityDt>
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        <name>MICHIGAN ST BLDG AUTH REVENUE</name>
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          <isin value="US594615FY79"/>
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          <maturityDt>2041-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>MARICOPA CNTY AZ INDL DEV AUTH</name>
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          <isin value="US56681NCL91"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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        <name>UNIV OF CENTRAL ARKANSAS AR RE</name>
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        <title>University of Central Arkansas</title>
        <cusip>914115M56</cusip>
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          <isin value="US914115M565"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>422031.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052VAH3</cusip>
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          <isin value="US04052VAH33"/>
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        <balance>325000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>LOUISIANA ST</name>
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        <title>State of Louisiana</title>
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        <name>UPTOWN DEV AUTH TX INCR CONTRA</name>
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          <isin value="US916856GK77"/>
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        <name>PUERTO RICO INDL TOURIST EDUCT</name>
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        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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        <name>INDIANA ST HSG &amp; CMNTY DEV AUT</name>
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        <title>Indiana Housing &amp; Community Development Authority</title>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
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        <name>TIPPECANOE CNTY IN SCH BLDG CO</name>
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          <maturityDt>2035-03-15</maturityDt>
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        <name>ALLEN TX INDEP SCH DIST</name>
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          <isin value="US018106KF06"/>
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        <name>AKRON BATH COPLEY JT TWP OH HO</name>
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        <name>ALLEGHENY CNTY PA SAN AUTH</name>
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          <maturityDt>2027-10-01</maturityDt>
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      <invstOrSec>
        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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          <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>SABINE-NECHES NAV DIST TX</name>
        <lei>N/A</lei>
        <title>Sabine-Neches Navigation District</title>
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          <isin value="US78532EAP79"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WRIGHT CITY MO SCH DIST #R-2</name>
        <lei>N/A</lei>
        <title>Wright City R-II School District</title>
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          <isin value="US982260HP99"/>
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        <curCd>USD</curCd>
        <valUSD>42407.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PORT AUTH OF NEW YORK &amp; NEW JE</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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          <isin value="US73358WN910"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1072369.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</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>SOUTH CAROLINA ST PUBLIC SVC A</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority</title>
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          <isin value="US837151RP61"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102695.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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        <title>Pennsylvania Higher Educational Facilities Authority</title>
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          <isin value="US70917SQR75"/>
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        <curCd>USD</curCd>
        <valUSD>1033810.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HAMDEN CT</name>
        <lei>N/A</lei>
        <title>Town of Hamden CT</title>
        <cusip>406793AU3</cusip>
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          <isin value="US406793AU38"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>398292.51000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PMA LEVY &amp; AID ANTIC NTS PROGR</name>
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        <title>PMA Levy &amp; Aid Anticipation Notes Program</title>
        <cusip>730146CU9</cusip>
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          <isin value="US730146CU90"/>
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        <balance>490000.00000000</balance>
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        <valUSD>490011.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission</title>
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          <isin value="US65820YSN75"/>
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        <balance>1095000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST BAY TRANSPRTN</name>
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        <title>Massachusetts Bay Transportation Authority Sales Tax Revenue</title>
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          <isin value="US575579ZR10"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>736035.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>FORT PIERCE FL UTILITIES AUTH</name>
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          <isin value="US348430PQ63"/>
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        <balance>475000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>STHRN CALIFORNIA ST PUBLIC PWR</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority</title>
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          <isin value="US842469BE77"/>
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        <name>BALTIC SD SCH DIST #49-1</name>
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        <title>Baltic School District No 49-1</title>
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          <isin value="US058827EV40"/>
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          <maturityDt>2038-12-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>KING CNTY WA SWR REVENUE</name>
        <lei>N/A</lei>
        <title>County of King WA Sewer Revenue</title>
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        <invCountry>US</invCountry>
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        <name>BALTIMORE MD PROJ REVENUE</name>
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          <isin value="US05922KU726"/>
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        <invCountry>US</invCountry>
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        <name>GRAND RIVER CO HOSP DIST</name>
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          <isin value="US386448EQ33"/>
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        <balance>425000.00000000</balance>
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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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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL PARK DIST</name>
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          <isin value="US59447T3J00"/>
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          <maturityDt>2029-04-15</maturityDt>
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        <name>GENESEE CNTY MI</name>
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        <name>HOUSTON TX UTILITY SYS REVENUE</name>
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        <name>AUSTIN TX</name>
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        <name>PUERTO RICO INDL TOURIST EDUCT</name>
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        <name>PRIV CLGS &amp; UNIVS AUTH GA</name>
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        <name>FRESNO CA UNIF SCH DIST</name>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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        <name>GEORGETOWN TX UTILITY SYS REVE</name>
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          <isin value="US45884AA293"/>
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        <curCd>USD</curCd>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US60637ATW26"/>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>ARIZONA INDL DEV AUTH HOSP REV</name>
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          <isin value="US04052EAC21"/>
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          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>ALVIN TX WTRWKS &amp; SWR REVENUE</name>
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          <isin value="US022483PT26"/>
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        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
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          <maturityDt>2037-12-01</maturityDt>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <name>JEFFERSON CNTY CO SCH DIST #R-</name>
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          <maturityDt>2034-12-15</maturityDt>
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        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
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        <name>MASSACHUSETTS ST SCH BLDG AUTH</name>
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          <isin value="US576000UR20"/>
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        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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        <name>GUADALUPE-BLANCO TX RIVER AUTH</name>
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        <name>CICERO IL</name>
        <lei>N/A</lei>
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      </invstOrSec>
      <invstOrSec>
        <name>RANKIN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Rankin Independent School District</title>
        <cusip>753177EF7</cusip>
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          <isin value="US753177EF75"/>
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        <curCd>USD</curCd>
        <valUSD>1007044.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SAN DIEGO CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District/CA</title>
        <cusip>7973555Y6</cusip>
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          <isin value="US7973555Y65"/>
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        <curCd>USD</curCd>
        <valUSD>1053844.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GREATER CLARK IN BLDG CORP</name>
        <lei>N/A</lei>
        <title>Greater Clark Building Corp</title>
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          <isin value="US39167GJP72"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1225536.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
        <lei>N/A</lei>
        <title>Walton County Water &amp; Sewer Authority</title>
        <cusip>93342PFH4</cusip>
        <identifiers>
          <isin value="US93342PFH47"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>456213.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</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>
      <invstOrSec>
        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency</title>
        <cusip>45884AA37</cusip>
        <identifiers>
          <isin value="US45884AA376"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>568413.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</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>S WSTRN IL DEV AUTH REV</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
        <title>Southwestern Illinois Development Authority</title>
        <cusip>84552YRF0</cusip>
        <identifiers>
          <isin value="US84552YRF06"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>933065.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>JOLIET IL</name>
        <lei>N/A</lei>
        <title>City of Joliet IL</title>
        <cusip>479754NN9</cusip>
        <identifiers>
          <isin value="US479754NN93"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1113653.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>MET WTR DIST OF STHRN CA WTRWK</name>
        <lei>5493003GD0S0P56RLT45</lei>
        <title>Metropolitan Water District of Southern California</title>
        <cusip>59266TNV9</cusip>
        <identifiers>
          <isin value="US59266TNV97"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1200461.52000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.12000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST HSG FIN AGY H</name>
        <lei>549300NLJBK1VP6K2K81</lei>
        <title>Massachusetts Housing Finance Agency</title>
        <cusip>57587GKM6</cusip>
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          <isin value="US57587GKM68"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.80000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
        <cusip>93974DDT2</cusip>
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          <isin value="US93974DDT28"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>604577.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
        <lei>N/A</lei>
        <title>Walton County Water &amp; Sewer Authority</title>
        <cusip>93342PFJ0</cusip>
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          <isin value="US93342PFJ03"/>
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        <balance>350000.00000000</balance>
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        <valUSD>396663.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATLANTA GA WTR &amp; WSTWTR REVENU</name>
        <lei>N/A</lei>
        <title>City of Atlanta GA Water &amp; Wastewater Revenue</title>
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          <isin value="US047870NE64"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2558441.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RHODE ISLAND ST HSG &amp; MTGE FIN</name>
        <lei>254900N9FNYNPO539444</lei>
        <title>Rhode Island Housing &amp; Mortgage Finance Corp</title>
        <cusip>76221RY23</cusip>
        <identifiers>
          <isin value="US76221RY237"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>377499.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MONROE WI SCH DIST</name>
        <lei>N/A</lei>
        <title>Monroe School District/WI</title>
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          <isin value="US611424LH34"/>
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        <balance>860000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
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          <isin value="US452152Q203"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TEXAS ST</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas</title>
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        <name>IOWA ST HGR EDU LOAN AUTH REVE</name>
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        <title>Iowa Higher Education Loan Authority</title>
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          <isin value="US46247DAA54"/>
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        <balance>300000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp</title>
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          <isin value="US882667BF49"/>
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        <balance>500000.00000000</balance>
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        <name>CALIFORNIA ST MUNI FIN AUTH CO</name>
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          <isin value="US130493CD93"/>
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      <invstOrSec>
        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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      <invstOrSec>
        <name>TEMPLE TX TAX INCR</name>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990FL36</cusip>
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          <isin value="US64990FL365"/>
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        <curCd>USD</curCd>
        <valUSD>420584.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TUU5</cusip>
        <identifiers>
          <isin value="US59447TUU59"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MET GOVT NASHVILLE &amp; DAVIDSON</name>
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        <valUSD>2998183.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FRESNO CA UNIF SCH DIST</name>
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          <isin value="US358233CT97"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CONNECTICUT ST</name>
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          <isin value="US20772KJN00"/>
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        <curCd>USD</curCd>
        <valUSD>2094589.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW HAMPSHIRE ST BUSINESS FIN</name>
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        <title>New Hampshire Business Finance Authority</title>
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          <isin value="US644684DR04"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>FORT PIERCE FL UTILITIES AUTH</name>
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          <isin value="US348430PJ21"/>
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        <valUSD>229896.00000000</valUSD>
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        <name>SEATTLE WA HSG AUTH</name>
        <lei>5493003LM6XXXMFX5M88</lei>
        <title>Seattle Housing Authority</title>
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          <isin value="US812636ML92"/>
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          <annualizedRt>1.00000000</annualizedRt>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990FZW7</cusip>
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          <isin value="US64990FZW75"/>
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        <balance>1500000.00000000</balance>
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          <maturityDt>2041-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>SAN JOAQUIN HILLS CA TRANSPRTN</name>
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          <isin value="US798111GD61"/>
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        <name>BURLINGTON VT ARPT REVENUE</name>
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          <isin value="US122064DS42"/>
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        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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        <title>Great Lakes Water Authority Water Supply System Revenue</title>
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          <isin value="US39081JBF49"/>
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        <name>CENTRL PLAINS ENERGY PROJ NE G</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-03-01</maturityDt>
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        <name>CLARK CNTY NV</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>ESSEX CNTY NJ IMPT AUTH CHRT S</name>
        <lei>N/A</lei>
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          <isin value="US29681CAG33"/>
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        <curCd>USD</curCd>
        <valUSD>413259.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CITY NY HSG DEV CORP</name>
        <lei>549300SQWVHKBRF8D702</lei>
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          <isin value="US64972E3D99"/>
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        <curCd>USD</curCd>
        <valUSD>767362.21000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GENESEE CNTY MI</name>
        <lei>N/A</lei>
        <title>County of Genesee MI</title>
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          <isin value="US371608VX56"/>
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        <curCd>USD</curCd>
        <valUSD>199254.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAND PARKWAY TRANSPRTN CORP T</name>
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        <title>Grand Parkway Transportation Corp</title>
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          <isin value="US38611TBX46"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>754822.13000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST MUNI GAS ACQUISITION</name>
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          <isin value="US88255QBH11"/>
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        <curCd>USD</curCd>
        <valUSD>2177031.26000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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          <isin value="US74444VBL36"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
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        <name>NEW YORK NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <isin value="US64966LQ958"/>
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          <maturityDt>2034-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MIAMI-DADE CNTY FL AVIATION RE</name>
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          <isin value="US59333P5W43"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
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        <name>TEXAS ST WTR DEV BRD</name>
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        <title>Texas Water Development Board</title>
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          <isin value="US882854J605"/>
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        <balance>2000000.00000000</balance>
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        <debtSec>
          <maturityDt>2043-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTH HOUSTON DEV CORP TX TAX</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
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          <isin value="US59447TK853"/>
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        <balance>500000.00000000</balance>
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          <maturityDt>2034-06-01</maturityDt>
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        <name>NEW YORK ST THRUWAY AUTH PERSO</name>
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          <maturityDt>2043-03-15</maturityDt>
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        <name>NEW YORK CITY NY MUNI WTR FIN</name>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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        <name>JOLIET IL</name>
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          <maturityDt>2040-12-15</maturityDt>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
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        <balance>500000.00000000</balance>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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        <title>Providence Public Building Authority</title>
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          <isin value="US74381MBR51"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>WRIGHT CITY MO SCH DIST #R-2</name>
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          <isin value="US982260HK03"/>
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        <curCd>USD</curCd>
        <valUSD>164670.02000000</valUSD>
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        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>NORFOLK VA ARPT AUTH REVENUE</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>163625.58000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CONNECTICUT ST</name>
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        <title>State of Connecticut</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.13000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TOLEDO OH</name>
        <lei>549300I365GIDPR4BM68</lei>
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          <isin value="US889278ZS91"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp</title>
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          <isin value="US187145MD69"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>KEARNEY NE</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>WEST HAVEN CT</name>
        <lei>N/A</lei>
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          <maturityDt>2028-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CALIFORNIA ST</name>
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          <isin value="US13063CX548"/>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH MF</name>
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          <isin value="US130483FW57"/>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>WEST VIRGINIA ST PARKWAYS AUTH</name>
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        <name>SACRAMENTO CA CITY FING AUTH</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-12-01</maturityDt>
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        <name>ROSEVILLE CA NATURAL GAS FIN A</name>
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          <isin value="US777863AR24"/>
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          <maturityDt>2024-02-15</maturityDt>
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        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>AMERICAN MUNI PWR-OHIO INC OH</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
        <lei>N/A</lei>
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          <isin value="US04052VAG59"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG ISLAND NY PWR AUTH ELEC S</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
        <title>Long Island Power Authority</title>
        <cusip>5426904C3</cusip>
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          <isin value="US5426904C37"/>
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        <curCd>USD</curCd>
        <valUSD>3840754.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.01000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N TX TOLLWAY AUTH REVENUE</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority</title>
        <cusip>66285WJ56</cusip>
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          <isin value="US66285WJ565"/>
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        <curCd>USD</curCd>
        <valUSD>1109234.60000000</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>2038-01-01</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>NEW BRITAIN CT</name>
        <lei>549300MERJSUOPGAV271</lei>
        <title>City of New Britain CT</title>
        <cusip>642714EP0</cusip>
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          <isin value="US642714EP03"/>
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        <curCd>USD</curCd>
        <valUSD>445041.32000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UTAH ST CHRT SCH FIN AUTH CHRT</name>
        <lei>N/A</lei>
        <title>Utah Charter School Finance Authority</title>
        <cusip>91754TW90</cusip>
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          <isin value="US91754TW907"/>
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        <curCd>USD</curCd>
        <valUSD>234183.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-15</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>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp</title>
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          <isin value="US762244FC02"/>
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        <curCd>USD</curCd>
        <valUSD>506359.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</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>AUSTIN TX ELEC UTILITY SYS REV</name>
        <lei>N/A</lei>
        <title>City of Austin TX Electric Utility Revenue</title>
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          <isin value="US052414PU73"/>
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        <curCd>USD</curCd>
        <valUSD>1485058.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</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>COLORADO ST HLTH FACS AUTH REV</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority</title>
        <cusip>19648FKA1</cusip>
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          <isin value="US19648FKA11"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231855.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>Connecticut State Health &amp; Educational Facilities Authority</title>
        <cusip>20774YZ75</cusip>
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          <isin value="US20774YZ755"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>371349.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SABINE-NECHES NAV DIST TX</name>
        <lei>N/A</lei>
        <title>Sabine-Neches Navigation District</title>
        <cusip>78532EAT9</cusip>
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          <isin value="US78532EAT91"/>
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        <curCd>USD</curCd>
        <valUSD>2204713.60000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WRIGHT CITY MO SCH DIST #R-2</name>
        <lei>N/A</lei>
        <title>Wright City R-II School District</title>
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          <isin value="US982260HM68"/>
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        <curCd>USD</curCd>
        <valUSD>173581.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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        <title>Pennsylvania Turnpike Commission</title>
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          <isin value="US709224QF92"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK NY</name>
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          <maturityDt>2047-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>AUSTIN TX ARPT SYS REVENUE</name>
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        <title>City of Austin TX Airport System Revenue</title>
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          <isin value="US052398FE91"/>
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          <maturityDt>2046-11-15</maturityDt>
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        <name>TEXAS ST WTR DEV BRD</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board</title>
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          <isin value="US8828548A35"/>
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          <maturityDt>2041-08-01</maturityDt>
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      <invstOrSec>
        <name>WEST HAVEN CT</name>
        <lei>N/A</lei>
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          <isin value="US953140W481"/>
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        <name>S WSTRN IL DEV AUTH REV</name>
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          <maturityDt>2031-04-15</maturityDt>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <title>Colorado Health Facilities Authority</title>
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      <invstOrSec>
        <name>N WSTRN IN SCH BLDG CORP</name>
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        <name>TAMPA BAY FL WTR REGL WTR SPLY</name>
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        <name>SOUTHEAST ENERGY AUTH AL COMMO</name>
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          <isin value="US84136FBL04"/>
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          <maturityDt>2053-01-01</maturityDt>
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        <name>UTAH INFRASTRUCTURE AGY TELECO</name>
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        <name>SAN ANTONIO TX ELEC &amp; GAS REVE</name>
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      <invstOrSec>
        <name>CAMDEN NY CENTRL SCH DIST</name>
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        <name>UTAH CNTY UT HOSP REVENUE</name>
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        <name>N WSTRN IN SCH BLDG CORP</name>
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        <name>BENICIA CA UNIF SCH DIST</name>
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        <name>ALAMITO TX PUBLIC FACS CORP MF</name>
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        <name>INDIANA ST FIN AUTH ENVRNMNTL</name>
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        <name>EUCLID OH CITY SCH DIST</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MAIN STREET NATURAL GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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        <cusip>56035DCH3</cusip>
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          <isin value="US56035DCH35"/>
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        <curCd>USD</curCd>
        <valUSD>2930253.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax Revenue</title>
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          <isin value="US207758L271"/>
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        <curCd>USD</curCd>
        <valUSD>1143247.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALASKA ST MUNI BOND BANK AUTH</name>
        <lei>N/A</lei>
        <title>Alaska Municipal Bond Bank Authority</title>
        <cusip>01179R3N1</cusip>
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          <isin value="US01179R3N14"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>719586.40000000</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>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST MUNI FIN AUTH CO</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>130493CC1</cusip>
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          <isin value="US130493CC11"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>134308.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</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>MONTANA FAC FIN AUTH HLTH FACS</name>
        <lei>N/A</lei>
        <title>Montana Facility Finance Authority</title>
        <cusip>61204MCK1</cusip>
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          <isin value="US61204MCK18"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>378858.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</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>NORTH SPRINGS FL IMPT DIST</name>
        <lei>N/A</lei>
        <title>North Springs Improvement District</title>
        <cusip>662542CV9</cusip>
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          <isin value="US662542CV94"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62526.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</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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        <name>CORALVILLE IA</name>
        <lei>549300UKC7MMW46X6P25</lei>
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          <isin value="US218080KD04"/>
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        <balance>1305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1302979.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</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>PUBLIC FIN AUTH WI LEASE DEV R</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74444YAV6</cusip>
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          <isin value="US74444YAV65"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1018940.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LANCASTER PA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Lancaster Industrial Development Authority</title>
        <cusip>51434NAP3</cusip>
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          <isin value="US51434NAP33"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81805.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>DIST OF COLUMBIA</name>
        <lei>549300HWFOZXPKGOX654</lei>
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          <isin value="US25476FVK10"/>
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        <balance>1485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1556581.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>DIST OF COLUMBIA HSG FIN AGY M</name>
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        <title>District of Columbia Housing Finance Agency</title>
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        <name>LANCASTER CNTY PA HOSP AUTH</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>UTAH ST</name>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>3.53900000</annualizedRt>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <name>MUNI ELEC AUTH OF GEORGIA</name>
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          <isin value="US6262074F85"/>
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        <name>JESUP IA CMNTY SCH DIST</name>
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          <maturityDt>2027-06-01</maturityDt>
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        <name>KANSAS CITY MO SPL OBLG</name>
        <lei>549300EGAE3I3XU7XE19</lei>
        <title>City of Kansas City MO</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isin value="US79467BCY92"/>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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        <name>PHOENIX AZ CIVIC IMPT CORP ARP</name>
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        <name>FORT PIERCE FL UTILITIES AUTH</name>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>FORNEY TX INDEP SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US3464242F04"/>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>NORTH SPRINGS FL IMPT DIST</name>
        <lei>N/A</lei>
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          <isin value="US662542CX50"/>
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          <maturityDt>2030-05-01</maturityDt>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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          <isin value="US207758ZZ96"/>
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        <curCd>USD</curCd>
        <valUSD>519627.35000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>WILL CNTY IL SCH DIST #114 MAN</name>
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        <title>Will County School District No 114 Manhattan</title>
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          <isin value="US968838JR48"/>
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        <curCd>USD</curCd>
        <valUSD>500508.99000000</valUSD>
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          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US452153BQ15"/>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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          <isin value="US89602REV33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
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        <title>City of Arlington TX Special Tax Revenue</title>
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          <isin value="US04184RBR03"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW BRITAIN CT</name>
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          <isin value="US642714EH86"/>
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        <curCd>USD</curCd>
        <valUSD>171272.61000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DALLAS CNTY TX CMNTY CLG DIST</name>
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        <title>Dallas College</title>
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          <isin value="US234685MN22"/>
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          <maturityDt>2036-02-15</maturityDt>
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        <name>GENESEE CNTY MI</name>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MATTESON IL</name>
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          <isin value="US577098NV40"/>
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          <maturityDt>2029-12-01</maturityDt>
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          <isin value="US67756CFP86"/>
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        <name>DELAWARE VLY PA REGL FIN AUTH</name>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>UNION ALEXANDER ETC CNTYS IL C</name>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
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          <maturityDt>2041-02-15</maturityDt>
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        <name>WYANDOTTE CNTY KS UNIF SCH DIS</name>
        <lei>N/A</lei>
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          <isin value="US982696QX76"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-09-01</maturityDt>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
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        <name>INDEPENDENT CITIES FIN AUTH CA</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
        <cusip>542403CG3</cusip>
        <identifiers>
          <isin value="US542403CG38"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216396.40000000</valUSD>
        <pctVal>0.046976773895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIV OF VERMONT &amp; ST AGRIC CLG</name>
        <lei>N/A</lei>
        <title>University of Vermont and State Agricultural College</title>
        <cusip>915200VQ9</cusip>
        <identifiers>
          <isin value="US915200VQ93"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1521554.25000000</valUSD>
        <pctVal>0.330309145497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>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>
