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      <invstOrSec>
        <name>TEXAS ST TECH CLG SYS FING SYS</name>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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          <maturityDt>2048-01-01</maturityDt>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
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          <isin value="US592643DH07"/>
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        <curCd>USD</curCd>
        <valUSD>1912761.60000000</valUSD>
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          <maturityDt>2053-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AJ991"/>
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        <valUSD>435338.78000000</valUSD>
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        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHARLOTTE-MECKLENBURG NC HOSPA</name>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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          <isin value="US41453EAE59"/>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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          <isin value="US52109HQB23"/>
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        <name>BELMONT FRESH WTR SPLY DIST #1</name>
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        <name>SHAWANO WI ELEC SYS REVENUE</name>
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        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>PARK CREEK CO MET DIST REVENUE</name>
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        <name>HARTFORD CT</name>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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        <name>WOODBURY NJ SCH DIST</name>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTMORELAND CNTY PA MUNI AUTH</name>
        <lei>N/A</lei>
        <title>Westmoreland County Municipal Authority</title>
        <cusip>961017QQ6</cusip>
        <identifiers>
          <isin value="US961017QQ63"/>
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        <balance>1115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1140968.68000000</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>2038-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1097870.48000000</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>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STHRN ILLINOIS ST UNIV</name>
        <lei>N/A</lei>
        <title>Southern Illinois University</title>
        <cusip>8431465F4</cusip>
        <identifiers>
          <isin value="US8431465F40"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>474269.00000000</valUSD>
        <pctVal>0.108398196315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>778365.68000000</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>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PADUCAH KY ELEC PLANT BRD REVE</name>
        <lei>549300XTPDPORT8VIQ62</lei>
        <title>Paducah Electric Plant Board</title>
        <cusip>695317DY0</cusip>
        <identifiers>
          <isin value="US695317DY02"/>
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        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>677338.55000000</valUSD>
        <pctVal>0.154811461669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEHIGH CNTY PA GEN PURPOSE HOS</name>
        <lei>N/A</lei>
        <title>County of Lehigh PA</title>
        <cusip>52480GDZ4</cusip>
        <identifiers>
          <isin value="US52480GDZ46"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1415087.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KANSAS CITY MO MUNI ASSISTANCE</name>
        <lei>N/A</lei>
        <title>Kansas City Municipal Assistance Corp</title>
        <cusip>485052RL0</cusip>
        <identifiers>
          <isin value="US485052RL06"/>
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        <balance>1720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1603141.31000000</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>2026-04-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KING CNTY WA SWR REVENUE</name>
        <lei>N/A</lei>
        <title>County of King WA Sewer Revenue</title>
        <cusip>495289N71</cusip>
        <identifiers>
          <isin value="US495289N712"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4030298.40000000</valUSD>
        <pctVal>0.921158830056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1603649.89000000</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>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
        <lei>N/A</lei>
        <title>Cloverleaf Local School District</title>
        <cusip>18925PGQ5</cusip>
        <identifiers>
          <isin value="US18925PGQ54"/>
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        <balance>955000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1024613.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority</title>
        <cusip>837151T25</cusip>
        <identifiers>
          <isin value="US837151T254"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2289049.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEWARK NJ PKG AUTH LEASE REVEN</name>
        <lei>549300GCUIIQ6TYN0S75</lei>
        <title>Newark Parking Authority/The</title>
        <cusip>650392AL7</cusip>
        <identifiers>
          <isin value="US650392AL78"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1071391.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SALT LAKE CITY UT ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Salt Lake City UT Airport Revenue</title>
        <cusip>795576LC9</cusip>
        <identifiers>
          <isin value="US795576LC93"/>
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        <balance>2385000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2242834.68000000</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>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WILLIAMSON CNTY IL CMNTY UNIT</name>
        <lei>N/A</lei>
        <title>Williamson County Community Unit School District No 1 Johnston City</title>
        <cusip>969768DL1</cusip>
        <identifiers>
          <isin value="US969768DL18"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>551703.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEWPORT OR</name>
        <lei>N/A</lei>
        <title>City of Newport OR</title>
        <cusip>652300LA0</cusip>
        <identifiers>
          <isin value="US652300LA00"/>
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        <balance>1355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1260047.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEANDER TX MUNI UTILITY DIST #</name>
        <lei>N/A</lei>
        <title>Leander Municipal Utility District No 1</title>
        <cusip>52184HCD1</cusip>
        <identifiers>
          <isin value="US52184HCD17"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1891642.53000000</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>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
        <lei>N/A</lei>
        <title>Fort Bend County Municipal Utility District No 134B</title>
        <cusip>34683LRE8</cusip>
        <identifiers>
          <isin value="US34683LRE82"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439525.44000000</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>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
        <cusip>93974AUF9</cusip>
        <identifiers>
          <isin value="US93974AUF91"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2753673.60000000</valUSD>
        <pctVal>0.629375420870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>KENTUCKY ST MUNI PWR AGY PWR S</name>
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          <isin value="US491501FM95"/>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
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          <isin value="US477070CB00"/>
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      <invstOrSec>
        <name>MURRAY CITY UT HOSP REVENUE</name>
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          <isin value="US626853CF01"/>
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          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>NEW HAMPSHIRE ST HLTH &amp; EDU FA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>UMATILLA CNTY OR SCH DIST #6 R</name>
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          <isin value="US904115FH01"/>
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        <name>WILLIAM S HART CA UNION HIGH S</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>BRAZORIA CNTY TX MUNI UTILITY</name>
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        <title>Brazoria County Municipal Utility District No 22</title>
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          <isin value="US10605QKE97"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN CENTER DIST WI TAX R</name>
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        <title>Wisconsin Center District</title>
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          <isin value="US976595EU85"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALUMET CITY IL</name>
        <lei>N/A</lei>
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        <valUSD>1001360.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>S WSTRN IL DEV AUTH REV</name>
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        <name>BRANDON SD WTR SURCHARGE REVEN</name>
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          <isin value="US10530AAQ85"/>
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          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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          <isin value="US41453EBA29"/>
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        <name>BURLINGTON IA CMNTY SCH DIST S</name>
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        <name>JOLIET IL</name>
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        <name>MONTGOMERY CNTY TX MUNI UTIL D</name>
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          <isin value="US61370NMK62"/>
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          <maturityDt>2033-07-15</maturityDt>
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      <invstOrSec>
        <name>HARTFORD CT</name>
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        <name>COMAL CNTY TX WTR CONTROL &amp; IM</name>
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        <name>UNIV OF ALASKA AK REVENUES</name>
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      <invstOrSec>
        <name>GALVESTON CNTY TX MUNI UTILITY</name>
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          <isin value="US36423GGJ04"/>
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          <maturityDt>2029-06-01</maturityDt>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <maturityDt>2027-12-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <isin value="US41430ECZ43"/>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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          <isin value="US57584YD223"/>
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          <maturityDt>2045-10-01</maturityDt>
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      <invstOrSec>
        <name>STHRN ILLINOIS ST UNIV</name>
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        <title>Southern Illinois University</title>
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          <isin value="US843146D730"/>
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        <balance>390000.00000000</balance>
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        <valUSD>370603.31000000</valUSD>
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        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CUYAHOGA CNTY OH HOSP REVENUE</name>
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          <isin value="US2322655J35"/>
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      <invstOrSec>
        <name>ORANGE CITY IA WTR REVENUE</name>
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      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTILITY</name>
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        <name>CANYON TX</name>
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        <name>AMHERST NY DEV CORP STUDENT HS</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>GROSSMONT CA UNION HIGH SCH DI</name>
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          <maturityDt>2034-08-01</maturityDt>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
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        <name>FONTANA CA UNIF SCH DIST</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>CHICAGO IL TRANSIT AUTH SALES</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREEN OH LOCAL SCH DIST SUMMIT</name>
        <lei>N/A</lei>
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        <cusip>393192AP4</cusip>
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          <isin value="US393192AP40"/>
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        <curCd>USD</curCd>
        <valUSD>3266649.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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>
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          <isin value="US477070CA27"/>
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        <curCd>USD</curCd>
        <valUSD>841172.49000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>GEORGETOWN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Georgetown Independent School District</title>
        <cusip>373046ZC8</cusip>
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          <isin value="US373046ZC87"/>
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        <balance>2670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2305930.28000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 490</title>
        <cusip>41430ECY7</cusip>
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          <isin value="US41430ECY77"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>837565.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
        <lei>N/A</lei>
        <title>Wayne County Airport Authority</title>
        <cusip>944514K56</cusip>
        <identifiers>
          <isin value="US944514K567"/>
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        <balance>635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>731915.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST LIBERTY DEV CORP L</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp</title>
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          <isin value="US649519FF71"/>
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        <balance>1480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1492156.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-15</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>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>2250564.29000000</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>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
        <lei>N/A</lei>
        <title>Harris County Water Control &amp; Improvement District No 158</title>
        <cusip>41453EAF2</cusip>
        <identifiers>
          <isin value="US41453EAF25"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>451287.09000000</valUSD>
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        <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>7.00000000</annualizedRt>
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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>1101882.87000000</valUSD>
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        <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>NEW YORK ST CONVENTION CENTER</name>
        <lei>N/A</lei>
        <title>New York Convention Center Development Corp</title>
        <cusip>649451HS3</cusip>
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          <isin value="US649451HS33"/>
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        <balance>4400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2690724.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHAWANO WI ELEC SYS REVENUE</name>
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        <title>City of Shawano WI Electric System Revenue</title>
        <cusip>820418AC5</cusip>
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          <isin value="US820418AC52"/>
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        <balance>1655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1843893.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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>
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      <invstOrSec>
        <name>FOOTHILL-DE ANZA CA CMNTY CLG</name>
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        <title>Foothill-De Anza Community College District</title>
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          <isin value="US345102JA62"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>901902.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEORGETOWN TX UTILITY SYS REVE</name>
        <lei>N/A</lei>
        <title>City of Georgetown TX Utility System Revenue</title>
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          <isin value="US373064T200"/>
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        <balance>960000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <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>952480AU5</cusip>
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          <isin value="US952480AU54"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <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>
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          <isin value="US829475GG12"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2495286.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-10-01</maturityDt>
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          <annualizedRt>3.00000000</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>
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          <isin value="US511012HN99"/>
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        <balance>1110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>904159.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>PORT AUTH OF NEW YORK &amp; NEW JE</name>
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        <name>GRAND RAPIDS MI PUBLIC SCHS</name>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
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          <maturityDt>2032-06-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>WILL CNTY IL SCH DIST #114 MAN</name>
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        <title>Will County School District No 114 Manhattan</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
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          <isin value="US48620ABX37"/>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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        <name>RIVERSIDE CNTY CA TRANSPRTN CO</name>
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          <isin value="US76912DCG16"/>
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        <name>LOUISIANA ST LOCAL GOVT ENVRNM</name>
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        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
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        <fairValLevel>2</fairValLevel>
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        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
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        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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        <name>BUCKS CNTY PA INDL DEV AUTH HO</name>
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        <name>LAKE HAVASU CITY AZ WSTWTR SYS</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH D</name>
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        <name>NATOMAS CA UNIF SCH DIST</name>
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          <maturityDt>2047-08-01</maturityDt>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59259Y6V67"/>
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          <maturityDt>2033-11-15</maturityDt>
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        <name>ILLINOIS ST</name>
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      <invstOrSec>
        <name>AMHERST NY DEV CORP</name>
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          <maturityDt>2042-10-01</maturityDt>
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        <name>NASSAU CNTY NY</name>
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        <name>BERLIN BORO NJ SCH DIST</name>
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        <name>DENTON TX INDEP SCH DIST</name>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>CHICAGO IL WTRWKS REVENUE</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <name>GUADALUPE-BLANCO TX RIVER AUTH</name>
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        <name>KENILWORTH NJ SCH DIST</name>
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        <name>BALTIC SD SCH DIST #49-1</name>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <maturityDt>2032-04-01</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
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        <cusip>041807FD5</cusip>
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          <isin value="US041807FD58"/>
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        <curCd>USD</curCd>
        <valUSD>3523555.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PLACER CA UNION HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>Placer Union High School District/CA</title>
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          <isin value="US726008CV52"/>
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        <curCd>USD</curCd>
        <valUSD>803393.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST ECON DEV FING</name>
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        <title>Pennsylvania Economic Development Financing Authority</title>
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          <isin value="US70868YAT64"/>
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        <balance>3625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4084400.96000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARICOPA CNTY AZ HIGH SCH DIST</name>
        <lei>N/A</lei>
        <title>Maricopa County Unified School District No 60 Higley</title>
        <cusip>56756QBF6</cusip>
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          <isin value="US56756QBF63"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505282.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <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>
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          <isin value="US546604FT12"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101672.86000000</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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        <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>
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          <isin value="US89556GJF37"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3441938.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245YP5</cusip>
        <identifiers>
          <isin value="US665245YP57"/>
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        <balance>1425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1456712.81000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WOODBURY NJ SCH DIST</name>
        <lei>N/A</lei>
        <title>Woodbury School District</title>
        <cusip>979166EC5</cusip>
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          <isin value="US979166EC56"/>
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        <balance>1020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1025390.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL SPL OBLIG</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>County of Miami-Dade FL</title>
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          <isin value="US59333NXP31"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109174.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZL3</cusip>
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          <isin value="US665245ZL35"/>
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        <balance>400000.00000000</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>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <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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          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>TEXAS ST TECH CLG SYS FING SYS</name>
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          <isin value="US88276RFJ68"/>
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          <maturityDt>2042-08-01</maturityDt>
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      <invstOrSec>
        <name>BOONE &amp; WINNEBAGO CNTYS IL CMN</name>
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          <isin value="US098590FA52"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-01-01</maturityDt>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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      <invstOrSec>
        <name>DE SMET SD SCH DIST #38-2</name>
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        <title>De Smet School District No 38-2</title>
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          <isin value="US250593DA58"/>
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        <name>RENO CNTY KS UNIF SCH DIST #30</name>
        <lei>N/A</lei>
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        <name>SAN MATEO CALIF SPL TAX</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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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 457</title>
        <cusip>41423KJF6</cusip>
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          <isin value="US41423KJF66"/>
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        <balance>1670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1599050.89000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
        <lei>N/A</lei>
        <title>Greater Asheville Regional Airport Authority</title>
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          <isin value="US39160CAT45"/>
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        <curCd>USD</curCd>
        <valUSD>1821140.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SARATOGA CA UNION SCH DIST</name>
        <lei>N/A</lei>
        <title>Saratoga Union School District</title>
        <cusip>803469DV4</cusip>
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          <isin value="US803469DV43"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>582580.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHELAN CNTY WA PUBLIC UTILITY</name>
        <lei>5493004E8FN9GU2SU067</lei>
        <title>Chelan County Public Utility District No 1</title>
        <cusip>163123MU3</cusip>
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          <isin value="US163123MU32"/>
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        <balance>610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>603583.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CASTLE OAKS CO MET DIST #3</name>
        <lei>N/A</lei>
        <title>Castle Oaks Metropolitan District No 3</title>
        <cusip>14846XAP1</cusip>
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          <isin value="US14846XAP15"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2931425.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
        <lei>254900HSKDHZKBZCUL90</lei>
        <title>School District of Philadelphia/The</title>
        <cusip>717883XU1</cusip>
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          <isin value="US717883XU16"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5283.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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>1689261.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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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      <invstOrSec>
        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
        <lei>N/A</lei>
        <title>Maine Health &amp; Higher Educational Facilities Authority</title>
        <cusip>56042R8L9</cusip>
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          <isin value="US56042R8L98"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1116806.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY NY INDL DEV AGY</name>
        <lei>549300XR20ZR5DHL9534</lei>
        <title>New York City Industrial Development Agency</title>
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        <identifiers>
          <isin value="US64971PEZ45"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1500938.40000000</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>2024-03-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.99700000</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>JESUP IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Jesup Community School District</title>
        <cusip>477070BS4</cusip>
        <identifiers>
          <isin value="US477070BS44"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>617363.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY-HOUSTON TX SPORTS</name>
        <lei>N/A</lei>
        <title>Harris County-Houston Sports Authority</title>
        <cusip>413890CE2</cusip>
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          <isin value="US413890CE26"/>
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        <balance>1325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>757541.99000000</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>2033-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
        <lei>N/A</lei>
        <title>Finance Authority of Maine</title>
        <cusip>56042TAW8</cusip>
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          <isin value="US56042TAW80"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>154698.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONTGOMERY CNTY TX MUNI UTILIT</name>
        <lei>N/A</lei>
        <title>Montgomery County Municipal Utility District No 99</title>
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          <isin value="US61370WKN29"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1753792.61000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST PWR AUTH GREEN TRA</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>New York Power Authority</title>
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          <isin value="US65000XBN93"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1192732.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST HLTH FACS FING A</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority</title>
        <cusip>13032UUN6</cusip>
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          <isin value="US13032UUN61"/>
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        <balance>535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>546996.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREEN GABLES MET DIST #2 CO</name>
        <lei>N/A</lei>
        <title>Green Gables Metropolitan District No 2</title>
        <cusip>39305PAP9</cusip>
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          <isin value="US39305PAP99"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>831264.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WILLIAMSON CNTY IL CMNTY UNIT</name>
        <lei>N/A</lei>
        <title>Williamson County Community Unit School District No 1 Johnston City</title>
        <cusip>969768DM9</cusip>
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          <isin value="US969768DM90"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>533770.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>1504461.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
        <lei>N/A</lei>
        <title>Wayne County Airport Authority</title>
        <cusip>944514L22</cusip>
        <identifiers>
          <isin value="US944514L227"/>
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        <balance>3620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4016467.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
        <cusip>709224Q28</cusip>
        <identifiers>
          <isin value="US709224Q284"/>
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        <balance>1595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1698860.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13078RJE1</cusip>
        <identifiers>
          <isin value="US13078RJE18"/>
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        <balance>2895000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2174198.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
        <lei>54930034DVH6W22T1E86</lei>
        <title>Pittsburgh Water &amp; Sewer Authority</title>
        <cusip>725304WU9</cusip>
        <identifiers>
          <isin value="US725304WU94"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1546476.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRANDON SD WTR SURCHARGE REVEN</name>
        <lei>N/A</lei>
        <title>City of Brandon SD Water Utility Revenue</title>
        <cusip>10530AAR6</cusip>
        <identifiers>
          <isin value="US10530AAR68"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1132176.30000000</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>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
        <lei>N/A</lei>
        <title>Greater Asheville Regional Airport Authority</title>
        <cusip>39160CAQ0</cusip>
        <identifiers>
          <isin value="US39160CAQ06"/>
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        <balance>3250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3578360.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QY71</cusip>
        <identifiers>
          <isin value="US74526QY712"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25005.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ORANGE TWP NJ</name>
        <lei>N/A</lei>
        <title>City of Orange Township NJ</title>
        <cusip>685312LD0</cusip>
        <identifiers>
          <isin value="US685312LD03"/>
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        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>679419.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
        <lei>N/A</lei>
        <title>Great Lakes Water Authority Water Supply System Revenue</title>
        <cusip>39081JBG2</cusip>
        <identifiers>
          <isin value="US39081JBG22"/>
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        <balance>2475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2533145.67000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>
        <identifiers>
          <isin value="US299488GY60"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1008519.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
        <cusip>542403DQ0</cusip>
        <identifiers>
          <isin value="US542403DQ01"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1076870.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROOKINGS SD SCH DIST #5-1</name>
        <lei>N/A</lei>
        <title>Brookings School District No 005-1</title>
        <cusip>113664LQ7</cusip>
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          <isin value="US113664LQ70"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>599180.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANNING CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Banning Unified School District</title>
        <cusip>066617KQ3</cusip>
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          <isin value="US066617KQ38"/>
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        <balance>2395000.00000000</balance>
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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>2046-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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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        <valUSD>2701772.64000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
        <cusip>416415HB6</cusip>
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          <isin value="US416415HB64"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25217.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
        <cusip>45129GKP9</cusip>
        <identifiers>
          <isin value="US45129GKP99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
        <title>City of Long Beach NY</title>
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          <isin value="US542519ER00"/>
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        <valUSD>366954.84000000</valUSD>
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          <maturityDt>2037-07-15</maturityDt>
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      <invstOrSec>
        <name>WOODBURY NJ SCH DIST</name>
        <lei>N/A</lei>
        <title>Woodbury School District</title>
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          <isin value="US979166EB73"/>
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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>2046-08-15</maturityDt>
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      <invstOrSec>
        <name>TEXAS ST PUBLIC FIN AUTH REVEN</name>
        <lei>N/A</lei>
        <title>Texas Public Finance Authority</title>
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          <isin value="US88277PBD69"/>
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        <curCd>USD</curCd>
        <valUSD>545493.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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="US650392AK95"/>
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        <curCd>USD</curCd>
        <valUSD>535376.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DELAWARE VLY PA REGL FIN AUTH</name>
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        <title>Delaware Valley Regional Finance Authority</title>
        <cusip>246579DT0</cusip>
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          <isin value="US246579DT04"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>406853.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 171</title>
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          <isin value="US41423THM45"/>
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        <curCd>USD</curCd>
        <valUSD>1082270.48000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY BOND DEV CORP INDL BL</name>
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          <isin value="US491211BN73"/>
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        <balance>1045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1135540.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW HAMPSHIRE ST HLTH &amp; EDU FA</name>
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        <title>New Hampshire Health and Education Facilities Authority Act</title>
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          <isin value="US64461XHM02"/>
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        <balance>840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>964445.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>RENO NV CAPITAL IMPT REVENUE</name>
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        <valUSD>1000082.48000000</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>2046-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <title>New Jersey Turnpike Authority</title>
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          <maturityDt>2026-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>DENTON TX INDEP SCH DIST</name>
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        <title>Denton Independent School District</title>
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          <maturityDt>2040-08-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>CRYSTAL VLY CO MET DIST #2</name>
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          <maturityDt>2044-12-01</maturityDt>
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        <name>TWIN RIVERS CA UNIF SCH DIST</name>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <title>North Carolina Turnpike Authority</title>
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          <isin value="US65830RDE62"/>
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        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
        <title>City of Long Beach NY</title>
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        <invCountry>US</invCountry>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <name>RIVER ISLANDS CA PUBLIC FING A</name>
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          <maturityDt>2052-09-01</maturityDt>
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        <name>COLORADO ST WTR RESOURCES &amp; PW</name>
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          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>NEW YORK ST PWR AUTH GREEN TRA</name>
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          <isin value="US65000XAV29"/>
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          <maturityDt>2047-11-15</maturityDt>
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        <name>E-470 CO PUBLIC HIGHWAY AUTH</name>
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        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CHRISTIAN CNTY KY SCH DIST FIN</name>
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        <title>Christian County School District Finance Corp</title>
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          <isin value="US170704TH34"/>
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          <maturityDt>2048-10-01</maturityDt>
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        <name>LONG BEACH NY</name>
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        <name>TEXAS ST PUBLIC FIN AUTH REVEN</name>
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          <isin value="US88277PBA21"/>
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        <name>GOLD HILL MESA MET DIST #2 CO</name>
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        <name>SPARTANBURG CNTY SC SCH DIST #</name>
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        <name>SHAWANO WI ELEC SYS REVENUE</name>
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        <name>WILL CNTY IL CMNTY UNIT SCH DI</name>
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        <name>LOVE FIELD TX ARPT MODERNIZATI</name>
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        <name>PASCO CNTY FL CAPITAL IMPT CIG</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAINT LOUIS MO MUNI FIN CORP</name>
        <lei>549300CR13DAYKUKQN03</lei>
        <title>St Louis Municipal Finance Corp</title>
        <cusip>79165TUB5</cusip>
        <identifiers>
          <isin value="US79165TUB50"/>
        </identifiers>
        <balance>770000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>830597.85000000</valUSD>
        <pctVal>0.189840172567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
        <lei>54930034DVH6W22T1E86</lei>
        <title>Pittsburgh Water &amp; Sewer Authority</title>
        <cusip>725304WV7</cusip>
        <identifiers>
          <isin value="US725304WV77"/>
        </identifiers>
        <balance>1420000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1613214.71000000</valUSD>
        <pctVal>0.368713883541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAND JUNCTION CO REGL ARPT AU</name>
        <lei>N/A</lei>
        <title>Grand Junction Regional Airport Authority</title>
        <cusip>385785AG5</cusip>
        <identifiers>
          <isin value="US385785AG57"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525813.15000000</valUSD>
        <pctVal>0.120179048301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLINTON IA CMNTY SCH DIST SCHI</name>
        <lei>N/A</lei>
        <title>Clinton Community School District/IA Infrastructure Sales Services &amp; Use Tax</title>
        <cusip>18735EBS1</cusip>
        <identifiers>
          <isin value="US18735EBS19"/>
        </identifiers>
        <balance>2100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2114374.92000000</valUSD>
        <pctVal>0.483258293631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHAFFEY CA JT UNION HIGH SCH D</name>
        <lei>N/A</lei>
        <title>Chaffey Joint Union High School District</title>
        <cusip>157411VX4</cusip>
        <identifiers>
          <isin value="US157411VX49"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>434982.00000000</valUSD>
        <pctVal>0.099418819761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>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>WEST VIRGINIA UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>West Virginia University</title>
        <cusip>956704TH3</cusip>
        <identifiers>
          <isin value="US956704TH36"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>960075.00000000</valUSD>
        <pctVal>0.219433271681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROOKINGS SD SCH DIST #5-1</name>
        <lei>N/A</lei>
        <title>Brookings School District No 005-1</title>
        <cusip>113664LT1</cusip>
        <identifiers>
          <isin value="US113664LT10"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877145.70000000</valUSD>
        <pctVal>0.200479077876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>2024-03-28</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
