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      <invstOrSec>
        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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          <isin value="US89602HEN35"/>
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        <curCd>USD</curCd>
        <valUSD>1278283.00000000</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>2047-05-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990FW83</cusip>
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          <isin value="US64990FW834"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>449727.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LANCASTER CNTY PA HOSP AUTH</name>
        <lei>N/A</lei>
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          <isin value="US514045V916"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1103492.94000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990FWW0</cusip>
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          <isin value="US64990FWW03"/>
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        <balance>820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>824624.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas</title>
        <cusip>882723ZV4</cusip>
        <identifiers>
          <isin value="US882723ZV43"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3026230.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59259YD22</cusip>
        <identifiers>
          <isin value="US59259YD220"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250459.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</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>NORFOLK VA ARPT AUTH REVENUE</name>
        <lei>N/A</lei>
        <title>Norfolk Airport Authority/VA</title>
        <cusip>655857DW7</cusip>
        <identifiers>
          <isin value="US655857DW79"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>156641.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WISCONSIN ST HSG &amp; ECON DEV AU</name>
        <lei>N/A</lei>
        <title>Wisconsin Housing &amp; Economic Development Authority Housing Revenue</title>
        <cusip>976904Y30</cusip>
        <identifiers>
          <isin value="US976904Y307"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223672.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74444VBM1</cusip>
        <identifiers>
          <isin value="US74444VBM19"/>
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        <balance>390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>353555.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK ST THRUWAY AUTH PERSO</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority</title>
        <cusip>650028XD0</cusip>
        <identifiers>
          <isin value="US650028XD08"/>
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        <balance>1165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1020921.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANA ST FIN AUTH ENVRNMNTL</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>455059AK1</cusip>
        <identifiers>
          <isin value="US455059AK10"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>811979.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.40000000</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>
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          <isin value="US130493CC11"/>
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        <valUSD>130486.78000000</valUSD>
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        <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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        <name>MAIN STREET NATURAL GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas Inc</title>
        <cusip>56035DGC0</cusip>
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          <isin value="US56035DGC02"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4984207.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25800000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ARLINGTON TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Arlington Independent School District/TX</title>
        <cusip>0418263E6</cusip>
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          <isin value="US0418263E65"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1512019.65000000</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>2039-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL MET WTR RECLAMATION</name>
        <lei>254900GOGQEZEWCZ4D37</lei>
        <title>Metropolitan Water Reclamation District of Greater Chicago</title>
        <cusip>167560UM1</cusip>
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          <isin value="US167560UM17"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004189.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLORIDA ST DEV FIN CORP EDUCTN</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp</title>
        <cusip>34061UGH5</cusip>
        <identifiers>
          <isin value="US34061UGH59"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198167.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</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>20774YXC6</cusip>
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          <isin value="US20774YXC64"/>
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        <valUSD>1595868.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENTUCKY ST PUBLIC ENERGY AUTH</name>
        <lei>549300XEJZWHYSY4SL55</lei>
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        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
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          <isin value="US665245YZ30"/>
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      <invstOrSec>
        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ROSEVILLE CA NATURAL GAS FIN A</name>
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          <isin value="US777863AR24"/>
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        <valUSD>559990.48000000</valUSD>
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          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>S WSTRN IL DEV AUTH REV</name>
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          <isin value="US84552YPK19"/>
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        <curCd>USD</curCd>
        <valUSD>164275.47000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-15</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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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <title>New Jersey Turnpike Authority</title>
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          <isin value="US646140BN29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-01</maturityDt>
          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 423</title>
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          <isin value="US41429KDL35"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>RHODE ISLAND INFRASTRUCTURE BA</name>
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        <title>Rhode Island Infrastructure Bank</title>
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          <isin value="US76222FCT30"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>LONG ISLAND NY PWR AUTH ELEC S</name>
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        <title>Long Island Power Authority</title>
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          <isin value="US542691HJ23"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH MF HS</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
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          <isin value="US04062PBK66"/>
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      <invstOrSec>
        <name>ALAMITO TX PUBLIC FACS CORP MF</name>
        <lei>N/A</lei>
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          <isin value="US011245AJ68"/>
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        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>NEW YORK NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <maturityDt>2034-06-01</maturityDt>
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        <name>N TX TOLLWAY AUTH REVENUE</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority</title>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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        <name>EUCLID OH CITY SCH DIST</name>
        <lei>N/A</lei>
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          <maturityDt>2044-01-15</maturityDt>
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        <name>HAMDEN CT</name>
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        <name>MATAGORDA CNTY TX NAV DIST #1</name>
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        <name>GRAND RIVER CO HOSP DIST</name>
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        <name>MUNI ELEC AUTH OF GEORGIA</name>
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        <name>BURLINGTON VT ARPT REVENUE</name>
        <lei>N/A</lei>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>ENERGY N W WA ELEC REVENUE</name>
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        <name>SABINE-NECHES NAV DIST TX</name>
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        <name>UPTOWN DEV AUTH TX INCR CONTRA</name>
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        <name>FRESNO CA UNIF SCH DIST</name>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAIN STREET NATURAL GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas Inc</title>
        <cusip>56035DDH2</cusip>
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          <isin value="US56035DDH26"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1443186.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>COLORADO ST HLTH FACS AUTH REV</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority</title>
        <cusip>19648FXJ8</cusip>
        <identifiers>
          <isin value="US19648FXJ82"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106568.64000000</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>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TK85</cusip>
        <identifiers>
          <isin value="US59447TK853"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>473466.85000000</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>2034-06-01</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>N TX TOLLWAY AUTH REVENUE</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority</title>
        <cusip>66285WPR1</cusip>
        <identifiers>
          <isin value="US66285WPR15"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1285795.03000000</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>2045-01-01</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>SAN DIEGO CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>San Diego Unified School District/CA</title>
        <cusip>7973555Y6</cusip>
        <identifiers>
          <isin value="US7973555Y65"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1012676.70000000</valUSD>
        <pctVal>0.184126919258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEST SHORE PA SCH DIST</name>
        <lei>N/A</lei>
        <title>West Shore School District/PA</title>
        <cusip>955819TH0</cusip>
        <identifiers>
          <isin value="US955819TH06"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002440.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</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>
        <name>NEW YORK ST HSG FIN AGY AFFORD</name>
        <lei>5493000LS7KCDB02O506</lei>
        <title>New York State Housing Finance Agency</title>
        <cusip>64987JGA3</cusip>
        <identifiers>
          <isin value="US64987JGA34"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>256260.40000000</valUSD>
        <pctVal>0.046593782576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</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>WALTON CNTY GA WTR &amp; SWR AUTH</name>
        <lei>N/A</lei>
        <title>Walton County Water &amp; Sewer Authority</title>
        <cusip>93342PFE1</cusip>
        <identifiers>
          <isin value="US93342PFE16"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>267372.40000000</valUSD>
        <pctVal>0.048614188819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PORT OF SEATTLE WA REVENUE</name>
        <lei>549300T9UCDUJ3GZL429</lei>
        <title>Port of Seattle WA</title>
        <cusip>735389UK2</cusip>
        <identifiers>
          <isin value="US735389UK20"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1005057.70000000</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>2032-04-01</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>MET GOVT NASHVILLE &amp; DAVIDSONC</name>
        <lei>N/A</lei>
        <title>Metropolitan Government of Nashville &amp; Davidson County TN Electric Revenue</title>
        <cusip>592030J35</cusip>
        <identifiers>
          <isin value="US592030J355"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>996095.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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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>
        <cusip>047870PA2</cusip>
        <identifiers>
          <isin value="US047870PA25"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1013070.50000000</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>2038-11-01</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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        <name>HAWAII ST</name>
        <lei>N/A</lei>
        <title>State of Hawaii</title>
        <cusip>419792YG5</cusip>
        <identifiers>
          <isin value="US419792YG57"/>
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        <balance>1095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1122374.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX FLOOD CONTROL D</name>
        <lei>N/A</lei>
        <title>Harris County Flood Control District</title>
        <cusip>4140187B1</cusip>
        <identifiers>
          <isin value="US4140187B18"/>
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        <balance>1265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1149282.35000000</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>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
        <cusip>13032UUN6</cusip>
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          <isin value="US13032UUN61"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>783028.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESSEX CNTY NJ IMPT AUTH CHRT S</name>
        <lei>N/A</lei>
        <title>Essex County Improvement Authority</title>
        <cusip>29681CAG3</cusip>
        <identifiers>
          <isin value="US29681CAG33"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>401000.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>TEXAS ST MUNI GAS ACQUISITION</name>
        <lei>8E22IH4TQD26WYDGHB25</lei>
        <title>Texas Municipal Gas Acquisition and Supply Corp II</title>
        <cusip>88255QBH1</cusip>
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          <isin value="US88255QBH11"/>
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        <balance>1850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1809168.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.43300000</annualizedRt>
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          <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>662542CX5</cusip>
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          <isin value="US662542CX50"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>44954.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>MICHIGAN ST HSG DEV AUTH MF RE</name>
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        <name>FRESNO CA UNIF SCH DIST</name>
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        <name>ALLEN TX INDEP SCH DIST</name>
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        <name>JACKSON CNTY MO SCH DIST HICKM</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-15</maturityDt>
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        <name>CENTRL PLAINS ENERGY PROJ NE G</name>
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        <name>SAN MATEO CALIF SPL TAX</name>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <maturityDt>2034-02-15</maturityDt>
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        <name>LONG BEACH CA ARPT REVENUE</name>
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        <name>FLORIDA DEV FIN CORP HLTHCAREF</name>
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        <name>WRIGHT CITY MO SCH DIST #R-2</name>
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          <maturityDt>2035-03-01</maturityDt>
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        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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        <name>MICHIGAN ST HSG DEV AUTH MF RE</name>
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          <isin value="US594650UA90"/>
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          <isin value="US13048VL973"/>
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        <name>FORNEY TX INDEP SCH DIST</name>
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        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
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        <name>INDIANA CNTY PA INDL DEV AUTH</name>
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          <isin value="US45469NDV73"/>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>HERCULES CA REDEV AGY SUCCESSO</name>
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        <name>NORTH SPRINGS FL IMPT DIST</name>
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        <name>RICHMOND MI CMNTY SCHS</name>
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      <invstOrSec>
        <name>MASSACHUSETTS ST BAY TRANSPRTN</name>
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        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US576018AL95"/>
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        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
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        <name>PASCO CNTY FL CAPITAL IMPT CIG</name>
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          <isin value="US04052EAC21"/>
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        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
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          <isin value="US882667BF49"/>
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        <name>BALTIC SD SCH DIST #49-1</name>
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        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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        <name>PUBLIC FIN AUTH WI LEASE DEV R</name>
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          <isin value="US74444YAV65"/>
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        <curCd>USD</curCd>
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          <maturityDt>2041-03-01</maturityDt>
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        <name>SACRAMENTO CNTY CA ARPT SYS RE</name>
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        <curCd>USD</curCd>
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          <maturityDt>2041-07-01</maturityDt>
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        <name>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>CALIFORNIA ST MUNI FIN AUTH MF</name>
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          <isin value="US130483FW57"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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        <title>Michigan Finance Authority</title>
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          <isin value="US59447THF30"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MASSACHUSETTS ST HSG FIN AGY H</name>
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        <title>Massachusetts Housing Finance Agency</title>
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        <name>CICERO IL</name>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
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        <name>PRIV CLGS &amp; UNIVS AUTH GA</name>
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        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
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          <maturityDt>2035-12-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLARK CNTY NV SCH DIST</name>
        <lei>N/A</lei>
        <title>Clark County School District</title>
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          <isin value="US1810592U98"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONTGOMERY CNTY TX MUNI UTIL D</name>
        <lei>N/A</lei>
        <title>Montgomery County Municipal Utility District No 95</title>
        <cusip>61370NMK6</cusip>
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          <isin value="US61370NMK62"/>
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        <curCd>USD</curCd>
        <valUSD>545254.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UTAH CNTY UT HOSP REVENUE</name>
        <lei>N/A</lei>
        <title>County of Utah UT</title>
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          <isin value="US917393CV01"/>
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        <curCd>USD</curCd>
        <valUSD>1503067.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</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>CLIFTON TX HGR EDU FIN CORP ED</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp</title>
        <cusip>187145MD6</cusip>
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          <isin value="US187145MD69"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203578.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>PHOENIX AZ CIVIC IMPT CORP ARP</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp</title>
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          <isin value="US71883MLA08"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502112.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IOWA ST HGR EDU LOAN AUTH REVE</name>
        <lei>549300DWVTM3KRNR0M36</lei>
        <title>Iowa Higher Education Loan Authority</title>
        <cusip>46247DAB3</cusip>
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          <isin value="US46247DAB38"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>361740.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GEORGETOWN TX UTILITY SYS REVE</name>
        <lei>N/A</lei>
        <title>City of Georgetown TX Utility System Revenue</title>
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          <isin value="US373064N591"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
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          <isin value="US642714BP30"/>
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        <curCd>USD</curCd>
        <valUSD>628958.28000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILL CNTY IL SCH DIST #114 MAN</name>
        <lei>N/A</lei>
        <title>Will County School District No 114 Manhattan</title>
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          <isin value="US968838HK13"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
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        <title>Walton County Water &amp; Sewer Authority</title>
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          <isin value="US93342PFH47"/>
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        <balance>400000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NASSAU CNTY NY</name>
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          <isin value="US63165TR496"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74444VBE92"/>
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        <balance>35000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-01</maturityDt>
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      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>ALAMITO TX PUBLIC FACS CORP MF</name>
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          <isin value="US011245AH03"/>
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      <invstOrSec>
        <name>FERNDALE MI PUBLIC SCHS</name>
        <lei>N/A</lei>
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          <isin value="US315162GS08"/>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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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>2045-05-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA ST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>CHERRY CREEK CO SCH DIST #5</name>
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        <valUSD>456373.10000000</valUSD>
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      <invstOrSec>
        <name>ALLEGHENY CNTY PA SAN AUTH</name>
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          <isin value="US017357A796"/>
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          <maturityDt>2040-12-01</maturityDt>
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        <name>JOLIET IL</name>
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          <isin value="US479754NN93"/>
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        <valUSD>1032433.90000000</valUSD>
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          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>IOWA ST HGR EDU LOAN AUTH REVE</name>
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          <isin value="US46247DAA54"/>
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        <curCd>USD</curCd>
        <valUSD>303095.76000000</valUSD>
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        <name>NEW ORLEANS LA</name>
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          <isin value="US64763FE627"/>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
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          <isin value="US592643BQ24"/>
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        <name>SOUTH CAROLINA ST HSG FIN &amp; DE</name>
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          <isin value="US83712EHR80"/>
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        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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          <isin value="US70917RKC87"/>
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        <name>NEW BRITAIN CT</name>
        <lei>549300MERJSUOPGAV271</lei>
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        <name>MICHIGAN ST BLDG AUTH REVENUE</name>
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        <title>Michigan State Building Authority</title>
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        <name>SPOKANE WA PUBLIC FACS DIST HO</name>
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        <name>ALAMITO TX PUBLIC FACS CORP MF</name>
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      <invstOrSec>
        <name>CAMERON PARISH LA SCH DIST #15</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FRANKLIN CNTY WA SCH DIST #1 P</name>
        <lei>N/A</lei>
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          <maturityDt>2040-12-01</maturityDt>
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        <name>MASSACHUSETTS ST</name>
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          <isin value="US57582RWY88"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WRIGHT CITY MO SCH DIST #R-2</name>
        <lei>N/A</lei>
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          <isin value="US982260HP99"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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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>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ASHLAND KY MED CENTER REVENUE</name>
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          <isin value="US044293BF48"/>
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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>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLD HILL MESA MET DIST #2 CO</name>
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          <isin value="US38060PAH47"/>
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        <curCd>USD</curCd>
        <valUSD>150252.00000000</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>2029-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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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>2032-09-01</maturityDt>
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        <name>PENNSYLVANIA ST HSG FIN AGY SF</name>
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        <name>KANSAS CITY MO SPL OBLG</name>
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        <name>CHICAGO IL PARK DIST</name>
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        <name>WISE CNTY VA INDL DEV AUTH SOL</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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        <name>ALABAMA ST</name>
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        <name>KANSAS CITY MO SPL OBLG</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
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          <isin value="US649519ED33"/>
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        <curCd>USD</curCd>
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          <maturityDt>2041-11-15</maturityDt>
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          <annualizedRt>2.75000000</annualizedRt>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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        <title>Public Finance Authority</title>
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          <isin value="US74444VBL36"/>
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          <maturityDt>2030-10-01</maturityDt>
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        <name>JOLIET IL</name>
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        <name>PARKER CNTY TX</name>
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        <name>AUSTIN TX ELEC UTILITY SYS REV</name>
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          <isin value="US052414PU73"/>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <name>BROWNSBURG IN 1999 SCH BLDG CO</name>
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        <name>W PALM BEACH FL UTILITY SYS RE</name>
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        <name>BLACK BELT ENERGY GAS DIST ALG</name>
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        <name>AMARILLO TX WTRWKS &amp; SWR SYS R</name>
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        <name>PORT AUTH OF NEW YORK &amp; NEW JE</name>
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          <maturityDt>2042-05-15</maturityDt>
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        <name>ALABAMA ST HSG FIN AUTH MF REV</name>
        <lei>549300VFN7EHPOFS7D76</lei>
        <title>Alabama Housing Finance Authority</title>
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        <name>BLOOMINGTON IN WTRWKS REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORTH CAROLINA ST MED CARE COM</name>
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          <maturityDt>2041-09-01</maturityDt>
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      <invstOrSec>
        <name>ALASKA ST MUNI BOND BANK AUTH</name>
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          <isin value="US01179R3N14"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TOLEDO OH</name>
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        <curCd>USD</curCd>
        <valUSD>1059776.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>PECOS BARSTOW TOYAH TX INDEP S</name>
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          <isin value="US705227HP47"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>COATESVILLE PA AREA SCH DIST</name>
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          <isin value="US190684QP88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>KENTUCKY ST ECON DEV FIN AUTH</name>
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        <title>Kentucky Economic Development Finance Authority</title>
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          <isin value="US49126PEQ90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TEXAS WTR DEV BRD ST WTR IMPLE</name>
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        <title>Texas Water Development Board</title>
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          <isin value="US88285ABH05"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505914.85000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PALM BEACH CNTY FL HSG FIN AUT</name>
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        <name>GUADALUPE-BLANCO TX RIVER AUTH</name>
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          <isin value="US400525AT88"/>
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          <maturityDt>2042-08-15</maturityDt>
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        <name>AMERICAN MUNI PWR-OHIO INC OH</name>
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        <name>WASHINGTON ST</name>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
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        <name>RICHMOND MI CMNTY SCHS</name>
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      <invstOrSec>
        <name>GRAND FORKS ND HLTH CARE SYS R</name>
        <lei>N/A</lei>
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          <maturityDt>2029-12-01</maturityDt>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
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          <isin value="US452153AJ80"/>
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          <maturityDt>2030-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>AUSTIN TX WTR &amp; WSTWTR SYS REV</name>
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          <isin value="US052477PE02"/>
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          <maturityDt>2023-11-15</maturityDt>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
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          <isin value="US665245YX81"/>
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        <curCd>USD</curCd>
        <valUSD>664404.78000000</valUSD>
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        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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          <isin value="US488224DQ61"/>
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        <valUSD>22161.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>GRAND FORKS ND HLTH CARE SYS R</name>
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          <isin value="US38546WDW73"/>
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        <name>OMAHA NE PUBLIC PWR DIST SEPAR</name>
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          <maturityDt>2046-02-01</maturityDt>
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        <name>CALIFORNIA ST MUNI FIN AUTH CO</name>
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          <isin value="US130493CG25"/>
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          <maturityDt>2033-11-01</maturityDt>
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      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp</title>
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          <isin value="US649519DF99"/>
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          <maturityDt>2069-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>GENESEE CNTY MI</name>
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        <name>MSD OF WASH TWP SCH BLDG CORP</name>
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        <name>TEXAS ST WTR DEV BRD</name>
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          <isin value="US882854J605"/>
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        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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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>MARYLAND ST CMNTY DEV ADMIN DE</name>
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        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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      <invstOrSec>
        <name>TENNESSEE ST ENERGY ACQUISITIO</name>
        <lei>549300OJ2Z8PGEY46K92</lei>
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        <valUSD>499946.70000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP N</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp</title>
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          <isin value="US888808HT28"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
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        <title>Jesup Community School District</title>
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          <isin value="US477070BH88"/>
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        <curCd>USD</curCd>
        <valUSD>422447.51000000</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>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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="US452252KS79"/>
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        <curCd>USD</curCd>
        <valUSD>1495468.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JEFFERSON CNTY CO SCH DIST #R-</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEMPLE TX TAX INCR</name>
        <lei>N/A</lei>
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          <isin value="US880157BN16"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>128863.39000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ERIE PA</name>
        <lei>N/A</lei>
        <title>City of Erie PA</title>
        <cusip>295407Q52</cusip>
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          <isin value="US295407Q525"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>353865.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
        <cusip>542403CG3</cusip>
        <identifiers>
          <isin value="US542403CG38"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>208969.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR &amp; WS</name>
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        <title>Guam Government Waterworks Authority</title>
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          <isin value="US40065FBB94"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>775255.83000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MUNI ELEC AUTH OF GEORGIA</name>
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        <title>Municipal Electric Authority of Georgia</title>
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          <isin value="US6262074D38"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1012273.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>JOHNSON CNTY KS UNIF SCH DIST#</name>
        <lei>N/A</lei>
        <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>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
        <lei>N/A</lei>
        <title>Greater Texoma Utility Authority</title>
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          <isin value="US39239HZB22"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
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          <maturityDt>2037-07-01</maturityDt>
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        <name>INDIANA ST FIN AUTH HOSP REVEN</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
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          <isin value="US45471ANX62"/>
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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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        <invCountry>US</invCountry>
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          <maturityDt>2046-03-01</maturityDt>
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        <name>BIRMINGHAM AL ARPT AUTH ARPT R</name>
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        <title>Birmingham Airport Authority</title>
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          <isin value="US090888GR35"/>
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        <invCountry>US</invCountry>
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        <name>MEMPHIS TN HLTH EDUCTNL &amp; HSG</name>
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          <maturityDt>2034-11-15</maturityDt>
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      <invstOrSec>
        <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>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</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>N WSTRN IN SCH BLDG CORP</name>
        <lei>N/A</lei>
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        <cusip>668265EM9</cusip>
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          <isin value="US668265EM95"/>
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        <curCd>USD</curCd>
        <valUSD>654406.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</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>
        <name>NORTHWEST TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Northwest Independent School District</title>
        <cusip>667826EF4</cusip>
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          <isin value="US667826EF49"/>
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        <curCd>USD</curCd>
        <valUSD>362363.09000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UTAH CNTY UT HOSP REVENUE</name>
        <lei>N/A</lei>
        <title>County of Utah UT</title>
        <cusip>917393AX8</cusip>
        <identifiers>
          <isin value="US917393AX84"/>
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        <curCd>USD</curCd>
        <valUSD>976061.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAMDEN NY CENTRL SCH DIST</name>
        <lei>N/A</lei>
        <title>Camden Central School District</title>
        <cusip>133123LZ0</cusip>
        <identifiers>
          <isin value="US133123LZ07"/>
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        <balance>1180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1185275.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</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>SACRAMENTO CA CITY FING AUTH</name>
        <lei>549300D8GE38KYE3NW14</lei>
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        <cusip>785849QF0</cusip>
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          <isin value="US785849QF06"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2989424.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>DIST OF COLUMBIA HSG FIN AGY M</name>
        <lei>N/A</lei>
        <title>District of Columbia Housing Finance Agency</title>
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          <isin value="US25477PPQ27"/>
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        <balance>3035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2992747.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BARBERS HILL TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Barbers Hill Independent School District</title>
        <cusip>067167B21</cusip>
        <identifiers>
          <isin value="US067167B218"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>887621.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRIDGEPORT CT</name>
        <lei>N/A</lei>
        <title>City of Bridgeport CT</title>
        <cusip>108152AP4</cusip>
        <identifiers>
          <isin value="US108152AP40"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616365.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PECOS BARSTOW TOYAH TX INDEP S</name>
        <lei>N/A</lei>
        <title>Pecos Barstow Toyah Independent School District</title>
        <cusip>705227HR0</cusip>
        <identifiers>
          <isin value="US705227HR03"/>
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        <valUSD>1493165.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW JERSEY ST ECON DEV AUTH</name>
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        <title>New Jersey Economic Development Authority</title>
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          <isin value="US64578EMH70"/>
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          <maturityDt>2024-03-01</maturityDt>
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          <annualizedRt>4.91400000</annualizedRt>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
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          <isin value="US64990FL365"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>TIPPECANOE CNTY IN SCH BLDG CO</name>
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          <isin value="US88786PKC22"/>
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          <maturityDt>2041-07-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority</title>
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          <isin value="US646140EQ23"/>
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          <maturityDt>2042-01-01</maturityDt>
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        <name>MISSOURI JT MUNI ELEC UTILITY</name>
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        <title>Missouri Joint Municipal Electric Utility Commission</title>
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          <isin value="US606092LC63"/>
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          <maturityDt>2040-12-01</maturityDt>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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          <isin value="US64971X4D74"/>
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        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
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      <invstOrSec>
        <name>GRAND RAPIDS MI PUBLIC SCHS</name>
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        <title>Grand Rapids Public Schools</title>
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          <isin value="US386280PZ89"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
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          <maturityDt>2025-07-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>GEORGETOWN TX INDEP SCH DIST</name>
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          <isin value="US373046ZC87"/>
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        <valUSD>1950210.19000000</valUSD>
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          <maturityDt>2041-08-15</maturityDt>
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      <invstOrSec>
        <name>GRAND FORKS ND HLTH CARE SYS R</name>
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          <isin value="US38546WDV90"/>
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        <curCd>USD</curCd>
        <valUSD>409651.64000000</valUSD>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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        <title>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</title>
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          <isin value="US709221VE24"/>
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        <curCd>USD</curCd>
        <valUSD>509967.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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        <title>Great Lakes Water Authority Water Supply System Revenue</title>
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          <isin value="US39081JBF49"/>
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        <curCd>USD</curCd>
        <valUSD>1527081.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JAMES CITY CNTY VA ECON DEV AU</name>
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          <isin value="US47030GAA76"/>
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          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEST HAVEN CT</name>
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          <isin value="US953140W481"/>
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        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
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          <isin value="US557038FH43"/>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>TEXAS ST TECH CLG SYS FING SYS</name>
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          <isin value="US88276REV06"/>
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        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
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        <name>NEW YORK ST LIBERTY DEV CORP L</name>
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        <name>DIST OF COLUMBIA</name>
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        <name>BRIDGEPORT CT</name>
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        <name>MONTGOMERY CNTY AL PUBLIC BLDG</name>
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          <isin value="US613209EF81"/>
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          <maturityDt>2062-11-01</maturityDt>
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        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>MET GOVT NASHVILLE &amp; DAVIDSON</name>
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      <invstOrSec>
        <name>WYANDOTTE CNTY KS UNIF SCH DIS</name>
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        <name>GREATER CLARK IN BLDG CORP</name>
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        <curCd>USD</curCd>
        <valUSD>1134491.50000000</valUSD>
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          <maturityDt>2034-07-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>LAKE CNTY IL SCH DIST #112 N S</name>
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        <name>INDEPENDENT CITIES FIN AUTH CA</name>
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        <name>PECOS BARSTOW TOYAH TX INDEP S</name>
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        <name>DALLAS CNTY TX CMNTY CLG DIST</name>
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          <isin value="US234685MN22"/>
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          <maturityDt>2036-02-15</maturityDt>
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        <name>WILL CNTY IL SCH DIST #114 MAN</name>
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        <name>SEATTLE WA HSG AUTH</name>
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        <name>DELAWARE VLY PA REGL FIN AUTH</name>
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        <name>BLOOMINGTON IN WTRWKS REVENUE</name>
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        <name>GROSSMONT CA UNION HIGH SCH DI</name>
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        <name>CHICAGO IL</name>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRISONBURG VA</name>
        <lei>N/A</lei>
        <title>City of Harrisonburg VA</title>
        <cusip>415666RW8</cusip>
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          <isin value="US415666RW81"/>
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        <curCd>USD</curCd>
        <valUSD>1739098.50000000</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>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <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>130493CF4</cusip>
        <identifiers>
          <isin value="US130493CF42"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>238719.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL MIDWAY ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>Chicago Midway International Airport</title>
        <cusip>167562PR2</cusip>
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          <isin value="US167562PR25"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002658.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</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>PROVIDENCE RI PUBLIC BLDGS AUT</name>
        <lei>N/A</lei>
        <title>Providence Public Building Authority</title>
        <cusip>74381MBR5</cusip>
        <identifiers>
          <isin value="US74381MBR51"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>257238.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</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>UTAH ST ASSOCIATED MUNI PWR SY</name>
        <lei>N/A</lei>
        <title>Utah Associated Municipal Power Systems</title>
        <cusip>917328RV0</cusip>
        <identifiers>
          <isin value="US917328RV04"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>517228.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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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>
        <identifiers>
          <isin value="US74526QY712"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25002.81000000</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>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GUAM PWR AUTH REVENUE</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam Power Authority</title>
        <cusip>400653JZ5</cusip>
        <identifiers>
          <isin value="US400653JZ51"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>606339.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY NY MUNI WTR FIN</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority</title>
        <cusip>64972GHX5</cusip>
        <identifiers>
          <isin value="US64972GHX51"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1501041.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH SALES TA</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990AMS1</cusip>
        <identifiers>
          <isin value="US64990AMS14"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2022518.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-15</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>INDIANA ST HSG &amp; CMNTY DEV AUT</name>
        <lei>549300QRKDYVNHT1OE86</lei>
        <title>Indiana Housing &amp; Community Development Authority</title>
        <cusip>454808AD8</cusip>
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          <isin value="US454808AD81"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2001117.80000000</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>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UTAH INFRASTRUCTURE AGY TELECO</name>
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        <title>Utah Infrastructure Agency</title>
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          <isin value="US917467CL46"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1028515.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WRIGHT CITY MO SCH DIST #R-2</name>
        <lei>N/A</lei>
        <title>Wright City R-II School District</title>
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          <isin value="US982260HM68"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165264.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS WTR DEV BRD ST WTR IMPLE</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board</title>
        <cusip>88285ACE6</cusip>
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          <isin value="US88285ACE64"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>511096.70000000</valUSD>
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          <maturityDt>2042-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
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        <title>South Carolina Public Service Authority</title>
        <cusip>837151T25</cusip>
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          <isin value="US837151T254"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <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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      <invstOrSec>
        <name>CHICAGO IL MF HSG REVENUE</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago IL</title>
        <cusip>167570TU4</cusip>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <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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        <invCountry>US</invCountry>
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          <maturityDt>2033-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW HAMPSHIRE ST BUSINESS FIN</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>644684DR0</cusip>
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          <isin value="US644684DR04"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>626034.59000000</valUSD>
        <pctVal>0.113826871306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS MN SPL SCH DIST #1</name>
        <lei>N/A</lei>
        <title>Minneapolis Special School District No 1</title>
        <cusip>603790LU8</cusip>
        <identifiers>
          <isin value="US603790LU89"/>
        </identifiers>
        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1311020.25000000</valUSD>
        <pctVal>0.238372345012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</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>INTERMOUNTAIN PWR AGY UT PWR S</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency</title>
        <cusip>45884AA29</cusip>
        <identifiers>
          <isin value="US45884AA293"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>797146.65000000</valUSD>
        <pctVal>0.144938811036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>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>CORALVILLE IA</name>
        <lei>549300UKC7MMW46X6P25</lei>
        <title>City of Coralville IA</title>
        <cusip>218080KD0</cusip>
        <identifiers>
          <isin value="US218080KD04"/>
        </identifiers>
        <balance>1305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1299958.13000000</valUSD>
        <pctVal>0.236361008051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIST OF COLUMBIA HSG FIN AGY M</name>
        <lei>N/A</lei>
        <title>District of Columbia Housing Finance Agency</title>
        <cusip>25477PPX7</cusip>
        <identifiers>
          <isin value="US25477PPX77"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2019454.80000000</valUSD>
        <pctVal>0.367181343173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Variable</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>ILLINOIS ST SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>State of Illinois Sales Tax Revenue</title>
        <cusip>452227RC7</cusip>
        <identifiers>
          <isin value="US452227RC72"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>591606.96000000</valUSD>
        <pctVal>0.107567170210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
        <lei>N/A</lei>
        <title>Walton County Water &amp; Sewer Authority</title>
        <cusip>93342PFJ0</cusip>
        <identifiers>
          <isin value="US93342PFJ03"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>368202.77000000</valUSD>
        <pctVal>0.066947369977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOLEDO OH</name>
        <lei>549300I365GIDPR4BM68</lei>
        <title>City of Toledo OH</title>
        <cusip>889278ZU4</cusip>
        <identifiers>
          <isin value="US889278ZU48"/>
        </identifiers>
        <balance>1330000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1407541.00000000</valUSD>
        <pctVal>0.255921942373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>UNION ALEXANDER ETC CNTYS IL C</name>
        <lei>N/A</lei>
        <title>Union Alexander Massac Pulaski Etc Counties Community College District No 531</title>
        <cusip>904842DF5</cusip>
        <identifiers>
          <isin value="US904842DF54"/>
        </identifiers>
        <balance>1175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1190743.59000000</valUSD>
        <pctVal>0.216503400200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</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>MAINE ST FIN AUTH LOAN REVENUE</name>
        <lei>N/A</lei>
        <title>Finance Authority of Maine</title>
        <cusip>56042TAW8</cusip>
        <identifiers>
          <isin value="US56042TAW80"/>
        </identifiers>
        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>157039.38000000</valUSD>
        <pctVal>0.028553216679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S WSTRN IL DEV AUTH REV</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
        <title>Southwestern Illinois Development Authority</title>
        <cusip>84552YRA1</cusip>
        <identifiers>
          <isin value="US84552YRA19"/>
        </identifiers>
        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>445074.26000000</valUSD>
        <pctVal>0.080924299270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59261ACH8</cusip>
        <identifiers>
          <isin value="US59261ACH86"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>504724.70000000</valUSD>
        <pctVal>0.091770062533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990CEB3</cusip>
        <identifiers>
          <isin value="US64990CEB37"/>
        </identifiers>
        <balance>1220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1224854.50000000</valUSD>
        <pctVal>0.222705514628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MISSOURI ST HLTH &amp; EDUCTNL FAC</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>Health &amp; Educational Facilities Authority of the State of Missouri</title>
        <cusip>60637ATW2</cusip>
        <identifiers>
          <isin value="US60637ATW26"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145250.40000000</valUSD>
        <pctVal>0.026409720568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2023-12-20</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
