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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</title>
        <cusip>592643DQ0</cusip>
        <identifiers>
          <isin value="US592643DQ06"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>727437.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TEXAS ST TECH CLG SYS FING SYS</name>
        <lei>N/A</lei>
        <title>Texas State Technical College</title>
        <cusip>88276RFG2</cusip>
        <identifiers>
          <isin value="US88276RFG20"/>
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        <balance>1015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1079939.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARK CREEK CO MET DIST REVENUE</name>
        <lei>N/A</lei>
        <title>Park Creek Metropolitan District</title>
        <cusip>700387HC0</cusip>
        <identifiers>
          <isin value="US700387HC07"/>
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        <balance>3255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2686583.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAGINAW MI WTR SPLY SYS REVENU</name>
        <lei>N/A</lei>
        <title>City of Saginaw MI Water Supply System Revenue</title>
        <cusip>786795DA9</cusip>
        <identifiers>
          <isin value="US786795DA99"/>
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        <balance>1070000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1065155.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEEHAWKEN TWP NJ BRD OF EDU</name>
        <lei>N/A</lei>
        <title>Weehawken Township Board of Education</title>
        <cusip>948564GM5</cusip>
        <identifiers>
          <isin value="US948564GM55"/>
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        <balance>1140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>989913.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-15</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
        <lei>N/A</lei>
        <title>City of Arlington TX Special Tax Revenue</title>
        <cusip>04184RBP4</cusip>
        <identifiers>
          <isin value="US04184RBP47"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1527381.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CUYAHOGA CNTY OH HOSP REVENUE</name>
        <lei>549300GHDK9DGLUNJU89</lei>
        <title>County of Cuyahoga OH</title>
        <cusip>2322655J3</cusip>
        <identifiers>
          <isin value="US2322655J35"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505503.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</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>SALT LAKE CITY UT ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Salt Lake City UT Airport Revenue</title>
        <cusip>795576FY8</cusip>
        <identifiers>
          <isin value="US795576FY87"/>
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        <balance>2660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2513080.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 489</title>
        <cusip>41423LKT2</cusip>
        <identifiers>
          <isin value="US41423LKT25"/>
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        <balance>705000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>767661.11000000</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>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHAWANO WI ELEC SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Shawano WI Electric System Revenue</title>
        <cusip>820418AF8</cusip>
        <identifiers>
          <isin value="US820418AF83"/>
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        <balance>1015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>925712.28000000</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>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BUFFALO MN</name>
        <lei>N/A</lei>
        <title>City of Buffalo MN</title>
        <cusip>119638UT9</cusip>
        <identifiers>
          <isin value="US119638UT92"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>325034.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEKALB NEWTON &amp; GWINNETT CNTYS</name>
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        <title>DeKalb Newton &amp; Gwinnett Counties Joint Development Authority</title>
        <cusip>24487RBR2</cusip>
        <identifiers>
          <isin value="US24487RBR21"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2249999.78000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority</title>
        <cusip>65830RCT4</cusip>
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          <isin value="US65830RCT41"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEORGETOWN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Georgetown Independent School District</title>
        <cusip>373046YW5</cusip>
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          <isin value="US373046YW50"/>
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        <balance>2220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1741265.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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        <title>Evansville Waterworks District</title>
        <cusip>299488GY6</cusip>
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          <isin value="US299488GY60"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>866312.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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        <title>Sales Tax Securitization Corp</title>
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          <isin value="US79467BCX10"/>
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        <balance>1200000.00000000</balance>
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        <valUSD>1217456.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
        <lei>N/A</lei>
        <title>Greater Texoma Utility Authority</title>
        <cusip>39239MAD4</cusip>
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          <isin value="US39239MAD48"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>795362.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
        <cusip>416415GV3</cusip>
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          <isin value="US416415GV38"/>
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        <balance>60000.00000000</balance>
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        <name>KENTUCKY BOND DEV CORP INDL BL</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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          <isin value="US1675934E92"/>
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        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST SPL OBLG DEDI</name>
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        <cusip>576002BH1</cusip>
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          <isin value="US576002BH15"/>
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        <curCd>USD</curCd>
        <valUSD>589820.04000000</valUSD>
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        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>NORTH CAROLINA ST ESTRN MUNI P</name>
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          <isin value="US658196PS34"/>
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          <maturityDt>2025-01-01</maturityDt>
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        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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          <isin value="US39081JBG22"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>GRAND RAPIDS MI PUBLIC SCHS</name>
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        <title>Grand Rapids Public Schools</title>
        <cusip>386280PZ8</cusip>
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          <isin value="US386280PZ89"/>
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        <curCd>USD</curCd>
        <valUSD>2138762.01000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
        <lei>N/A</lei>
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          <isin value="US64542YBA38"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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="US477070BQ87"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>517274.33000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>KING CNTY WA</name>
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          <isin value="US49474FUP34"/>
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          <maturityDt>2046-01-01</maturityDt>
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        <name>N HUDSON NJ SEWERAGE AUTH SWR</name>
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        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
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        <name>RIVER ISLANDS CA PUBLIC FING A</name>
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          <isin value="US76827QGR83"/>
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        <name>WEEHAWKEN TWP NJ BRD OF EDU</name>
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          <isin value="US948564GN39"/>
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        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
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          <isin value="US56042TAW80"/>
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        <name>CHATTANOOGA TN HLTH EDUCTNL &amp;H</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>GREEN OH LOCAL SCH DIST SUMMIT</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ALBERTVILLE AL</name>
        <lei>549300QCCXK3SO22OD97</lei>
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          <isin value="US013122C794"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-06-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>VISTA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Vista Unified School District</title>
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          <isin value="US928346QT53"/>
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        <curCd>USD</curCd>
        <valUSD>3180767.70000000</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>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <title>New Jersey Transportation Trust Fund Authority</title>
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          <isin value="US646136TP64"/>
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        <curCd>USD</curCd>
        <valUSD>219741.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank</title>
        <cusip>45528SVL7</cusip>
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          <isin value="US45528SVL77"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2505183.50000000</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>2024-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PORT HURON MI AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>Port Huron Area School District</title>
        <cusip>734353MP7</cusip>
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          <isin value="US734353MP79"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1296964.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Jesup Community School District</title>
        <cusip>477070BR6</cusip>
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          <isin value="US477070BR60"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>536292.96000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BELMONT FRESH WTR SPLY DIST #1</name>
        <lei>N/A</lei>
        <title>Belmont Fresh Water Supply District No 1</title>
        <cusip>080375PA0</cusip>
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          <isin value="US080375PA00"/>
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        <balance>695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>587269.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
        <lei>N/A</lei>
        <title>Greater Asheville Regional Airport Authority</title>
        <cusip>39160CAQ0</cusip>
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          <isin value="US39160CAQ06"/>
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        <balance>3250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3272909.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
        <lei>N/A</lei>
        <title>Kaufman County Municipal Utility District No 3</title>
        <cusip>48620ABZ8</cusip>
        <identifiers>
          <isin value="US48620ABZ84"/>
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        <balance>1560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1443302.17000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPARTANBURG CNTY SC SCH DIST #</name>
        <lei>N/A</lei>
        <title>Spartanburg County School District No 4/SC</title>
        <cusip>847031CP4</cusip>
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          <isin value="US847031CP48"/>
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        <balance>1830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1875933.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FONTANA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Fontana Unified School District</title>
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          <isin value="US344640WD56"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1502683.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEWARK NJ PKG AUTH LEASE REVEN</name>
        <lei>549300GCUIIQ6TYN0S75</lei>
        <title>Newark Parking Authority/The</title>
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          <isin value="US650392AL78"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York NY</title>
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          <isin value="US64966QPH73"/>
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        <balance>1085000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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        <title>Rhode Island Health and Educational Building Corp</title>
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          <maturityDt>2025-05-15</maturityDt>
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        <name>ROBSTOWN TX INDEP SCH DIST</name>
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        <title>Robstown Independent School District</title>
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      <invstOrSec>
        <name>GALVESTON CNTY TX MUNI UTILITY</name>
        <lei>N/A</lei>
        <title>Galveston County Municipal Utility District No 56</title>
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          <isin value="US36423GGJ04"/>
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        <balance>625000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>JACKSON CNTY MO SCH DIST HICKM</name>
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        <title>Hickman Mills C-1 School District/MO</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
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          <isin value="US45129GKP99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>882874.40000000</valUSD>
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        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
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        <name>UMATILLA CNTY OR SCH DIST #6 R</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <isin value="US914353P508"/>
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        <name>GRANDVILLE MI PUBLIC SCH DIST</name>
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        <name>HARTFORD CT</name>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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          <isin value="US646139ZY47"/>
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      <invstOrSec>
        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
        <lei>N/A</lei>
        <title>Greater Texoma Utility Authority</title>
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          <isin value="US39239MAE21"/>
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        <curCd>USD</curCd>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 423</title>
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          <isin value="US41429KDP49"/>
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        <curCd>USD</curCd>
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          <maturityDt>2031-04-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>DENTON TX INDEP SCH DIST</name>
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          <isin value="US249002HH21"/>
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        <curCd>USD</curCd>
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          <maturityDt>2040-08-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>WILLIAMSON-LIBERTY HILL MUNI U</name>
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          <isin value="US97002PFY97"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>TEXAS ST TECH CLG SYS FING SYS</name>
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        <title>Texas State Technical College</title>
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          <isin value="US88276RFJ68"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>PLACER CA UNION HIGH SCH DIST</name>
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          <isin value="US726008CV52"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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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>2046-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>MONROE WI SCH DIST</name>
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          <maturityDt>2043-03-01</maturityDt>
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        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>CLINTON IA CMNTY SCH DIST SCHI</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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        <name>NASSAU CNTY NY</name>
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        <name>WRIGHT CITY MO SCH DIST #R-2</name>
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        <name>CASTLE OAKS CO MET DIST #3</name>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261AK486"/>
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        <curCd>USD</curCd>
        <valUSD>490195.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
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          <isin value="US74526QLY60"/>
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        <curCd>USD</curCd>
        <valUSD>478859.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.31000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO ST WTR RESOURCES &amp; PW</name>
        <lei>N/A</lei>
        <title>Colorado Water Resources &amp; Power Development Authority</title>
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        <identifiers>
          <isin value="US19679RTM24"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>523229.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</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>FLORIDA ST BRD OF GOVERNORS FL</name>
        <lei>N/A</lei>
        <title>Florida State Board of Governors Florida International University Dormitory Rev</title>
        <cusip>34114CCR4</cusip>
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          <isin value="US34114CCR43"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1078376.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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        <title>Maine Health &amp; Higher Educational Facilities Authority</title>
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          <isin value="US56042R8L98"/>
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        <curCd>USD</curCd>
        <valUSD>1025246.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JOLIET IL</name>
        <lei>N/A</lei>
        <title>City of Joliet IL</title>
        <cusip>479754NR0</cusip>
        <identifiers>
          <isin value="US479754NR08"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3884842.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</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>KANKAKEE IL</name>
        <lei>549300Z3ZVLSXELVAS52</lei>
        <title>City of Kankakee IL</title>
        <cusip>484404YN2</cusip>
        <identifiers>
          <isin value="US484404YN29"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1070352.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority</title>
        <cusip>837151T25</cusip>
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          <isin value="US837151T254"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2083910.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>WASHINGTON CA UNIF SCH DIST YO</name>
        <lei>N/A</lei>
        <title>Washington Unified School District/Yolo County CA</title>
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          <isin value="US937411FB73"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>975204.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
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          <isin value="US59261ACH86"/>
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        <curCd>USD</curCd>
        <valUSD>504724.70000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>ORANGE TWP NJ</name>
        <lei>N/A</lei>
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          <isin value="US685312LD03"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
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        <title>Cloverleaf Local School District</title>
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          <isin value="US18925PGQ54"/>
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        <balance>955000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>MATAGORDA CNTY TX NAV DIST #1</name>
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          <isin value="US576528CY75"/>
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          <maturityDt>2030-05-01</maturityDt>
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        <name>TWIN RIVERS CA UNIF SCH DIST</name>
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          <isin value="US90171TDG22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>PARK 70 CO MET DIST</name>
        <lei>N/A</lei>
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          <isin value="US70014RAP29"/>
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        <name>GROSSMONT CA UNION HIGH SCH DI</name>
        <lei>N/A</lei>
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          <isin value="US399262KB95"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>STHRN ILLINOIS ST UNIV</name>
        <lei>N/A</lei>
        <title>Southern Illinois University</title>
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          <isin value="US8431465F40"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
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          <isin value="US709224Q284"/>
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        <curCd>USD</curCd>
        <valUSD>1597234.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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        <title>West Delaware County Community School District Sales &amp; Services Tax Revenue</title>
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          <isin value="US952480AU54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIO CA PUBLIC FING AUTH</name>
        <lei>N/A</lei>
        <title>Indio Finance Authority</title>
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          <isin value="US45571LDP94"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1558563.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</title>
        <cusip>592643DH0</cusip>
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          <isin value="US592643DH07"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1650161.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</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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      <invstOrSec>
        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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          <isin value="US167505UG96"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502026.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority</title>
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          <isin value="US837151U492"/>
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        <balance>600000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEST DES MOINES IA</name>
        <lei>N/A</lei>
        <title>City of West Des Moines IA</title>
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          <isin value="US952531JE21"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
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          <isin value="US59259RWP53"/>
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        <curCd>USD</curCd>
        <valUSD>1250328.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>POWAY CA UNIF SCH DIST SPL TAX</name>
        <lei>N/A</lei>
        <title>Poway Unified School District</title>
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          <isin value="US738855N279"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-09-01</maturityDt>
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        <name>VIROQUA WI AREA SCH DIST</name>
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        <title>Viroqua Area School District</title>
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          <isin value="US92824CFE93"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>LOWER COLORADO RIVER TX AUTH T</name>
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        <title>Lower Colorado River Authority</title>
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          <maturityDt>2048-05-15</maturityDt>
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        <name>RENO CNTY KS UNIF SCH DIST #30</name>
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        <name>MACON CNTY IL SCH DIST #61</name>
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        <title>Macon County School District No 61 Decatur</title>
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        <name>NEW HAVEN CT</name>
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          <isin value="US645021AQ98"/>
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        <name>OSCEOLA CNTY FL TRANSPRTN REVE</name>
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          <maturityDt>2040-10-01</maturityDt>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <isin value="US41428TLK87"/>
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        <name>MONTGOMERY CNTY TX MUNI UTILIT</name>
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        <issuerCat>MUN</issuerCat>
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        <name>NATOMAS CA UNIF SCH DIST</name>
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        <name>WILL CNTY IL SCH DIST #114 MAN</name>
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        <name>BERLIN BORO NJ SCH DIST</name>
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        <name>BALTIC SD SCH DIST #49-1</name>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <name>HARTFORD CT</name>
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        <name>UNIV OF ALASKA AK REVENUES</name>
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          <isin value="US914046N602"/>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>BUCKS CNTY PA INDL DEV AUTH HO</name>
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        <name>BERLIN BORO NJ SCH DIST</name>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
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          <isin value="US34683LRF57"/>
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        <curCd>USD</curCd>
        <valUSD>375821.24000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
        <lei>549300DJQHPGXYF1M317</lei>
        <title>Louisville &amp; Jefferson County Visitors and Convention Commission</title>
        <cusip>546604FT1</cusip>
        <identifiers>
          <isin value="US546604FT12"/>
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        <curCd>USD</curCd>
        <valUSD>93825.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
        <lei>549300W8SZI2CAOKT956</lei>
        <title>South Jersey Transportation Authority</title>
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          <isin value="US838536MH03"/>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>646136TM3</cusip>
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          <isin value="US646136TM34"/>
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        <balance>1305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1097484.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>SHREVEPORT LA WTR &amp; SWR REVENU</name>
        <lei>N/A</lei>
        <title>City of Shreveport LA Water &amp; Sewer Revenue</title>
        <cusip>825485WF8</cusip>
        <identifiers>
          <isin value="US825485WF84"/>
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        <balance>535000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>544086.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BRAZORIA CNTY TX MUNI UTILITY</name>
        <lei>N/A</lei>
        <title>Brazoria County Municipal Utility District No 22</title>
        <cusip>10605QKD1</cusip>
        <identifiers>
          <isin value="US10605QKD15"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>657466.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST CONVENTION CENTER</name>
        <lei>N/A</lei>
        <title>New York Convention Center Development Corp</title>
        <cusip>649451HS3</cusip>
        <identifiers>
          <isin value="US649451HS33"/>
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        <balance>4400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2231499.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>BOONE MCHENRY &amp; DEKALB CNTYS I</name>
        <lei>N/A</lei>
        <title>Boone Mchenry &amp; Dekalb Counties Community Unit School District 100</title>
        <cusip>099032HJ6</cusip>
        <identifiers>
          <isin value="US099032HJ63"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>393674.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 489</title>
        <cusip>41423LKS4</cusip>
        <identifiers>
          <isin value="US41423LKS42"/>
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        <balance>980000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1053925.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BELMONT FRESH WTR SPLY DIST #1</name>
        <lei>N/A</lei>
        <title>Belmont Fresh Water Supply District No 1</title>
        <cusip>080375PD4</cusip>
        <identifiers>
          <isin value="US080375PD49"/>
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        <balance>2280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1878053.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHAWANO WI ELEC SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Shawano WI Electric System Revenue</title>
        <cusip>820418AC5</cusip>
        <identifiers>
          <isin value="US820418AC52"/>
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        <balance>1655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1716332.31000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
        <title>Fort Pierce Utilities Authority</title>
        <cusip>348430PT0</cusip>
        <identifiers>
          <isin value="US348430PT03"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>404989.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GEORGETOWN TX UTILITY SYS REVE</name>
        <lei>N/A</lei>
        <title>City of Georgetown TX Utility System Revenue</title>
        <cusip>373064T20</cusip>
        <identifiers>
          <isin value="US373064T200"/>
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        <balance>960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>973747.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>BRANDON SD WTR SURCHARGE REVEN</name>
        <lei>N/A</lei>
        <title>City of Brandon SD Water Utility Revenue</title>
        <cusip>10530AAR6</cusip>
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          <isin value="US10530AAR68"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1050162.50000000</valUSD>
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          <maturityDt>2047-08-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
        <lei>N/A</lei>
        <title>Harris County Water Control &amp; Improvement District No 158</title>
        <cusip>41453EAE5</cusip>
        <identifiers>
          <isin value="US41453EAE59"/>
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        <balance>360000.00000000</balance>
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        <valUSD>400564.04000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SIOUX CITY IA CMNTY SCH DIST S</name>
        <lei>N/A</lei>
        <title>Sioux City Community School District Infrastructure Sales Services &amp; Use Tax</title>
        <cusip>829475GG1</cusip>
        <identifiers>
          <isin value="US829475GG12"/>
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        <balance>2500000.00000000</balance>
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        <valUSD>2466516.25000000</valUSD>
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          <maturityDt>2024-10-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>BERLIN BORO NJ SCH DIST</name>
        <lei>N/A</lei>
        <title>Berlin Borough School District</title>
        <cusip>084766CU6</cusip>
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          <isin value="US084766CU67"/>
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        <balance>1210000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2039-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LAFAYETTE LA UTILITIES REVENUE</name>
        <lei>N/A</lei>
        <title>City of Lafayette LA Utilities Revenue</title>
        <cusip>506498C93</cusip>
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          <isin value="US506498C933"/>
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        <balance>1500000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>YELLOWSTONE CARBON CNTY MT SCH</name>
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          <maturityDt>2026-11-01</maturityDt>
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        <name>MARICOPA CNTY AZ HIGH SCH DIST</name>
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        <name>SALES TAX SECURITIZATION CORP</name>
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        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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        <name>MONTGOMERY CNTY TX MUNI UTIL D</name>
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        <name>BANNING CA UNIF SCH DIST</name>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>ORANGE CITY IA WTR REVENUE</name>
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        <name>PADUCAH KY ELEC PLANT BRD REVE</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US6461365Q05"/>
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          <maturityDt>2050-06-15</maturityDt>
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      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59259Y6V67"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 171</title>
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          <isin value="US41423THM45"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152H61</cusip>
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          <isin value="US452152H616"/>
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        <curCd>USD</curCd>
        <valUSD>2841868.26000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
        <lei>N/A</lei>
        <title>Wayne County Airport Authority</title>
        <cusip>944514L22</cusip>
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          <isin value="US944514L227"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILLIAMSON CNTY IL CMNTY UNIT</name>
        <lei>N/A</lei>
        <title>Williamson County Community Unit School District No 1 Johnston City</title>
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          <isin value="US969768DM90"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>65000BQJ0</cusip>
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          <isin value="US65000BQJ07"/>
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        <balance>5000.00000000</balance>
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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>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Chicago IL Waterworks Revenue</title>
        <cusip>167736U62</cusip>
        <identifiers>
          <isin value="US167736U623"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>E-470 CO PUBLIC HIGHWAY AUTH</name>
        <lei>549300164ZV2301BC703</lei>
        <title>E-470 Public Highway Authority</title>
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          <isin value="US26822LDS07"/>
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        <balance>2350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2172438.23000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>RENO CNTY KS UNIF SCH DIST #30</name>
        <lei>N/A</lei>
        <title>Reno County Unified School District No 309 Nickerson</title>
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          <isin value="US759805CX07"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>HEBER UT LIGHT &amp; PWR COMPANY E</name>
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        <title>Heber Light &amp; Power Co</title>
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        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TULPEHOCKEN PA SCH DIST</name>
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        <title>Tulpehocken Area School District</title>
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          <maturityDt>2049-10-01</maturityDt>
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      <invstOrSec>
        <name>WILLIAMSON CNTY TX MUNI UTILIT</name>
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        <title>Williamson County Municipal Utility District No 25</title>
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          <isin value="US97001TCP49"/>
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          <maturityDt>2044-08-15</maturityDt>
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        <name>CALUMET CITY IL</name>
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          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>CHICAGO IL TRANSIT AUTH SALES</name>
        <lei>N/A</lei>
        <title>Chicago Transit Authority Sales Tax Receipts Fund</title>
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          <isin value="US16772PCF18"/>
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        <balance>4750000.00000000</balance>
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          <maturityDt>2050-12-01</maturityDt>
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      <invstOrSec>
        <name>BROOKINGS SD SCH DIST #5-1</name>
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        <title>Brookings School District No 005-1</title>
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          <isin value="US113664LQ70"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 490</title>
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          <isin value="US41430ECY77"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARLOTTE-MECKLENBURG NC HOSPA</name>
        <lei>549300XOH4JU704GMZ32</lei>
        <title>Charlotte-Mecklenburg Hospital Authority/The</title>
        <cusip>160853UN5</cusip>
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          <isin value="US160853UN58"/>
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        <curCd>USD</curCd>
        <valUSD>2975000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp</title>
        <cusip>041807FD5</cusip>
        <identifiers>
          <isin value="US041807FD58"/>
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        <balance>3190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3211254.33000000</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>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Jesup Community School District</title>
        <cusip>477070CA2</cusip>
        <identifiers>
          <isin value="US477070CA27"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>725896.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRI-CREEK IN 2002 HIGH SCH BLD</name>
        <lei>N/A</lei>
        <title>Tri-Creek 2002 High School Building Corp</title>
        <cusip>89556GJF3</cusip>
        <identifiers>
          <isin value="US89556GJF37"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3155891.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-15</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>
      <invstOrSec>
        <name>SANGAMON &amp; MORGAN CNTYS IL CMN</name>
        <lei>N/A</lei>
        <title>Sangamon &amp; Morgan Counties Community Unit School District No 16 New Berlin</title>
        <cusip>800803DU9</cusip>
        <identifiers>
          <isin value="US800803DU94"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1732316.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL SCH DIST</name>
        <lei>549300J3U4QVT6U3O129</lei>
        <title>School Board of Miami-Dade County/The</title>
        <cusip>59333RHB3</cusip>
        <identifiers>
          <isin value="US59333RHB33"/>
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        <balance>1645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1654794.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</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>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
        <cusip>542403DQ0</cusip>
        <identifiers>
          <isin value="US542403DQ01"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>969079.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZL3</cusip>
        <identifiers>
          <isin value="US665245ZL35"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334940.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BURLINGTON IA CMNTY SCH DIST S</name>
        <lei>N/A</lei>
        <title>Burlington Community School District Infrastructure Sales Services &amp; Use Tax</title>
        <cusip>12174PEM7</cusip>
        <identifiers>
          <isin value="US12174PEM77"/>
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        <balance>1940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1614221.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
        <lei>N/A</lei>
        <title>West Delaware County Community School District Sales &amp; Services Tax Revenue</title>
        <cusip>952480AD3</cusip>
        <identifiers>
          <isin value="US952480AD30"/>
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        <balance>170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>173886.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Boone &amp; Winnebago Counties Community Unit School District No 200</name>
        <lei>N/A</lei>
        <title>BOONE SD #200-B-CAB 1/25</title>
        <cusip>098590FA5</cusip>
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          <isin value="US098590FA52"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>475457.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAKE TAHOE CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Lake Tahoe Unified School District</title>
        <cusip>511012HN9</cusip>
        <identifiers>
          <isin value="US511012HN99"/>
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        <balance>1110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>829811.69000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
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          <isin value="US416415HB64"/>
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        <balance>25000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>TEXAS ST PUBLIC FIN AUTH REVEN</name>
        <lei>N/A</lei>
        <title>Texas Public Finance Authority</title>
        <cusip>88277PBA2</cusip>
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          <isin value="US88277PBA21"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTMORELAND CNTY PA MUNI AUTH</name>
        <lei>N/A</lei>
        <title>Westmoreland County Municipal Authority</title>
        <cusip>961017QQ6</cusip>
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          <isin value="US961017QQ63"/>
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        <balance>1115000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 457</title>
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          <isin value="US41423KJF66"/>
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        <balance>1670000.00000000</balance>
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        <valUSD>1367076.36000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUADALUPE-BLANCO TX RIVER AUTH</name>
        <lei>N/A</lei>
        <title>Guadalupe-Blanco River Authority</title>
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        <identifiers>
          <isin value="US400525AT88"/>
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        <balance>1975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2112065.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>TEXAS ST PUBLIC FIN AUTH REVEN</name>
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        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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        <name>GREEN GABLES MET DIST #2 CO</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>INDIANA CNTY PA INDL DEV AUTH</name>
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        <name>MARYLAND ST</name>
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        <name>STHRN ILLINOIS ST UNIV</name>
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          <isin value="US843146D730"/>
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          <maturityDt>2025-04-01</maturityDt>
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        <name>ARIZONA INDL DEV AUTH HOSP REV</name>
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        <name>SHAWANO WI ELEC SYS REVENUE</name>
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        <name>MCCOOK IL</name>
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        <name>DENTON TX INDEP SCH DIST</name>
        <lei>5493005I9W678SUI0Z07</lei>
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        <name>CHICAGO IL MIDWAY ARPT REVENUE</name>
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          <maturityDt>2042-01-01</maturityDt>
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        <name>ONTARIO CA MONTCLAIR SCH DIST</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>RENO NV CAPITAL IMPT REVENUE</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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      <invstOrSec>
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          <maturityDt>2036-07-15</maturityDt>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <maturityDt>2029-09-01</maturityDt>
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          <maturityDt>2031-01-01</maturityDt>
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          <maturityDt>2041-11-15</maturityDt>
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        <name>LONG BEACH NY</name>
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          <maturityDt>2035-07-15</maturityDt>
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        <name>BROOKINGS SD SCH DIST #5-1</name>
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        <name>MARICOPA CNTY AZ HIGH SCH DIST</name>
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        <name>NEWARK NJ PKG AUTH LEASE REVEN</name>
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        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="DEIXX"/>
          <other otherDesc="Internal" value="X9USDDRFS"/>
        </identifiers>
        <balance>3567718.18400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3567004.63000000</valUSD>
        <pctVal>0.914912835021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANGAMON &amp; CHRISTIAN CNTYS IL</name>
        <lei>N/A</lei>
        <title>Sangamon &amp; Christian Counties Community Unit School District No 3A Rochester</title>
        <cusip>800722GT1</cusip>
        <identifiers>
          <isin value="US800722GT19"/>
        </identifiers>
        <balance>1590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1613249.62000000</valUSD>
        <pctVal>0.413787739723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</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>HARRIS CNTY-HOUSTON TX SPORTS</name>
        <lei>N/A</lei>
        <title>Harris County-Houston Sports Authority</title>
        <cusip>413890CE2</cusip>
        <identifiers>
          <isin value="US413890CE26"/>
        </identifiers>
        <balance>1325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>731159.51000000</valUSD>
        <pctVal>0.187537525048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA ST HLTH FACS FING A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
        <cusip>13032UUN6</cusip>
        <identifiers>
          <isin value="US13032UUN61"/>
        </identifiers>
        <balance>1850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1734853.23000000</valUSD>
        <pctVal>0.444978252525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</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>SACRAMENTO CITY CA UNIF SCH DI</name>
        <lei>N/A</lei>
        <title>Sacramento City Unified School District/CA</title>
        <cusip>785870E69</cusip>
        <identifiers>
          <isin value="US785870E691"/>
        </identifiers>
        <balance>1865000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1911666.59000000</valUSD>
        <pctVal>0.490329697013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>
