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      <invstOrSec>
        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
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          <isin value="US93342PFE16"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TIPPECANOE CNTY IN SCH BLDG CO</name>
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          <isin value="US88786PKC22"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI LEASE DEV R</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74444YAW49"/>
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        <curCd>USD</curCd>
        <valUSD>3032840.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATLANTA GA WTR &amp; WSTWTR REVENU</name>
        <lei>N/A</lei>
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          <isin value="US047870PA25"/>
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        <valUSD>1062390.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>UPTOWN DEV AUTH TX INCR CONTRA</name>
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          <isin value="US916856GK77"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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          <isin value="US79467BCY92"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
        <cusip>93974DDT2</cusip>
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          <isin value="US93974DDT28"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp</title>
        <cusip>187145MC8</cusip>
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          <isin value="US187145MC86"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>SACRAMENTO CNTY CA SANTN DISTS</name>
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        <title>Sacramento County Sanitation Districts Financing Authority</title>
        <cusip>786134UK0</cusip>
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          <isin value="US786134UK05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>MURRAY CITY UT HOSP REVENUE</name>
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          <isin value="US626853CF01"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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        <name>KENTUCKY ST PUBLIC ENERGY AUTH</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>Kentucky Public Energy Authority</title>
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          <isin value="US74440DCM48"/>
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          <maturityDt>2050-02-01</maturityDt>
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        <name>RANKIN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Rankin Independent School District</title>
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          <isin value="US753177EF75"/>
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        <name>PUERTO RICO ELEC PWR AUTH PWRR</name>
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        <title>Puerto Rico Electric Power Authority</title>
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        <name>ALASKA ST MUNI BOND BANK AUTH</name>
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        <name>HAWAII ST</name>
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        <title>State of Hawaii</title>
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        <name>HOUSTON TX UTILITY SYS REVENUE</name>
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          <isin value="US44244CGT80"/>
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        <name>MET GOVT NASHVILLE &amp; DAVIDSONC</name>
        <lei>N/A</lei>
        <title>Metropolitan Government of Nashville &amp; Davidson County TN Electric Revenue</title>
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          <isin value="US592030J355"/>
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          <maturityDt>2041-11-15</maturityDt>
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        <name>ADAMS ST UNIV CO INSTNL ENTERP</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2041-09-01</maturityDt>
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          <maturityDt>2029-09-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
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          <isin value="US93342PFH47"/>
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        <name>JEFFERSON CNTY CO SCH DIST #R-</name>
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        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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        <name>EUCLID OH CITY SCH DIST</name>
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        <name>UNIV OF CALIFORNIA CA REVENUES</name>
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          <isin value="US91412HPQ01"/>
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        <name>N TX TOLLWAY AUTH REVENUE</name>
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        <name>PECOS BARSTOW TOYAH TX INDEP S</name>
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      <invstOrSec>
        <name>SEATTLE WA HSG AUTH</name>
        <lei>5493003LM6XXXMFX5M88</lei>
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        <name>MARYLAND ST</name>
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        <curCd>USD</curCd>
        <valUSD>1312945.70000000</valUSD>
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          <maturityDt>2036-03-15</maturityDt>
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      <invstOrSec>
        <name>PATRIOTS ENERGY GROUP FING AGY</name>
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          <isin value="US70342PAS39"/>
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          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>NEW YORK ST PWR AUTH GREEN TRA</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
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          <isin value="US65000XBK54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BRIDGEPORT CT</name>
        <lei>N/A</lei>
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          <isin value="US108152LK34"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1385979.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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        <title>Intermountain Power Agency</title>
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          <isin value="US45884AF995"/>
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        <curCd>USD</curCd>
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          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>MASSACHUSETTS ST HLTH &amp; EDUCTN</name>
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          <isin value="US57585KGP75"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
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          <annualizedRt>2.40000000</annualizedRt>
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        <name>NEW JERSEY ST HSG &amp; MTGE FIN A</name>
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          <isin value="US646127FG05"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH MF RE</name>
        <lei>549300NSWW1HVXE93T03</lei>
        <title>Michigan State Housing Development Authority</title>
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          <isin value="US594650UE13"/>
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        <valUSD>1007621.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PORT AUTH OF NEW YORK &amp; NEW JE</name>
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        <name>RICHMOND MI CMNTY SCHS</name>
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          <isin value="US765177CV06"/>
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          <maturityDt>2037-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>NORTH SPRINGS FL IMPT DIST</name>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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          <isin value="US45884AB697"/>
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        <name>WILL CNTY IL SCH DIST #114 MAN</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>CAMERON PARISH LA SCH DIST #15</name>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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      <invstOrSec>
        <name>GRAND RAPIDS MI PUBLIC SCHS</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HUDSON WI SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US444197MC88"/>
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        <curCd>USD</curCd>
        <valUSD>474875.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAROL STREAM IL PARK DIST</name>
        <lei>N/A</lei>
        <title>Carol Stream Park District</title>
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          <isin value="US143735VP06"/>
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        <curCd>USD</curCd>
        <valUSD>499726.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WRIGHT CITY MO SCH DIST #R-2</name>
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        <title>Wright City R-II School District</title>
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          <isin value="US982260HK03"/>
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        <curCd>USD</curCd>
        <valUSD>163832.69000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENTUCKY ST PUBLIC ENERGY AUTH</name>
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        <title>Kentucky Public Energy Authority</title>
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          <isin value="US74440DEC48"/>
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        <curCd>USD</curCd>
        <valUSD>2715371.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESSEX CNTY NJ IMPT AUTH CHRT S</name>
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          <isin value="US29681CAG33"/>
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        <curCd>USD</curCd>
        <valUSD>411392.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
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        <title>New York State Dormitory Authority</title>
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          <isin value="US64990FW834"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>514498.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FERNDALE MI PUBLIC SCHS</name>
        <lei>N/A</lei>
        <title>Ferndale Public Schools</title>
        <cusip>315162GS0</cusip>
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          <isin value="US315162GS08"/>
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        <balance>950000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN JOAQUIN HILLS CA TRANSPRTN</name>
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        <cusip>798111GD6</cusip>
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          <isin value="US798111GD61"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506219.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>MATAGORDA CNTY TX NAV DIST #1</name>
        <lei>N/A</lei>
        <title>Matagorda County Navigation District No 1</title>
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          <isin value="US576528DT71"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
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        <name>KANSAS CITY MO SPL OBLG</name>
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        <title>City of Kansas City MO</title>
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          <isin value="US485106YQ57"/>
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        <curCd>USD</curCd>
        <valUSD>1088179.90000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>IPS MULTI-SCH BLDG CORP IN</name>
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        <title>IPS Multi-School Building Corp</title>
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          <isin value="US46263RTB14"/>
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        <curCd>USD</curCd>
        <valUSD>1121763.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHICAGO IL MF HSG REVENUE</name>
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        <title>City of Chicago IL</title>
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          <isin value="US167570TU42"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5106574.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GRAND FORKS ND HLTH CARE SYS R</name>
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          <isin value="US38546WDV90"/>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WYOMING MI PUBLIC SCHS</name>
        <lei>N/A</lei>
        <title>Wyoming Public Schools</title>
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          <isin value="US983323SZ06"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>FORT PIERCE FL UTILITIES AUTH</name>
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          <isin value="US348430PG81"/>
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          <maturityDt>2031-10-01</maturityDt>
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        <name>GTR TEXOMA TX UTILITY AUTH CON</name>
        <lei>N/A</lei>
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          <isin value="US39239HZB22"/>
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        <invCountry>US</invCountry>
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        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ARLINGTON CNTY VA INDL DEV AUT</name>
        <lei>N/A</lei>
        <title>Arlington County Industrial Development Authority</title>
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          <isin value="US04144PDW05"/>
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        <balance>1250000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH SALES TA</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-03-15</maturityDt>
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      <invstOrSec>
        <name>GRAND PARKWAY TRANSPRTN CORP T</name>
        <lei>N/A</lei>
        <title>Grand Parkway Transportation Corp</title>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>SALT LAKE CNTY UT</name>
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        <curCd>USD</curCd>
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          <maturityDt>2028-12-15</maturityDt>
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          <annualizedRt>2.30000000</annualizedRt>
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      <invstOrSec>
        <name>DOUGLAS CNTY NE SCH DIST #1</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1200936.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74444VBE92"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>GREATER CLARK IN BLDG CORP</name>
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          <isin value="US39167GLJ84"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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          <isin value="US725304US66"/>
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        <curCd>USD</curCd>
        <valUSD>612385.07000000</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>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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          <isin value="US89602N3B88"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>N TX TOLLWAY AUTH REVENUE</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority</title>
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          <isin value="US66285WJ565"/>
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        <valUSD>1151834.80000000</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>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission</title>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>NORTH HOUSTON DEV CORP TX TAX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-01</maturityDt>
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        <name>MASSACHUSETTS ST HSG FIN AGY H</name>
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        <title>Massachusetts Housing Finance Agency</title>
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          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.80000000</annualizedRt>
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        <name>ALBUQUERQUE NM MET ARROYO FLOO</name>
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        <name>LAKE CNTY IL SCH DIST #112 N S</name>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District</title>
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        <name>PRIV CLGS &amp; UNIVS AUTH GA</name>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
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        <title>Black Belt Energy Gas District</title>
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        <debtSec>
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      <invstOrSec>
        <name>MARICOPA CNTY AZ INDL DEV AUTH</name>
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      <invstOrSec>
        <name>ISLE OF WIGHT CNTY VA ECON DEV</name>
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        <name>IOWA ST HGR EDU LOAN AUTH REVE</name>
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        <name>UNIV OF CENTRAL ARKANSAS AR RE</name>
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        <name>PHILADELPHIA PA GAS WKS REVENU</name>
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        <name>S WSTRN IL DEV AUTH REV</name>
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        <name>BAY AREA CA TOLL AUTH TOLL BRI</name>
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        <name>FRESNO CA UNIF SCH DIST</name>
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        <name>MUNI ELEC AUTH OF GEORGIA</name>
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        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
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        <name>CALIFORNIA ST HLTH FACS FING A</name>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA ST HSG FIN AGY SF</name>
        <lei>549300JZVUPNWP77SP29</lei>
        <title>Pennsylvania Housing Finance Agency</title>
        <cusip>70879QSZ7</cusip>
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          <isin value="US70879QSZ71"/>
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        <curCd>USD</curCd>
        <valUSD>914651.11000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-10-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>NORTHWEST TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Northwest Independent School District</title>
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          <isin value="US667826EF49"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
        <lei>N/A</lei>
        <title>Jesup Community School District</title>
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          <isin value="US477070BH88"/>
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        <curCd>USD</curCd>
        <valUSD>422440.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLOVIS CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Clovis Unified School District</title>
        <cusip>189342WE4</cusip>
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          <isin value="US189342WE48"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1231253.25000000</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>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey Turnpike Authority</title>
        <cusip>646140EQ2</cusip>
        <identifiers>
          <isin value="US646140EQ23"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1116169.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency</title>
        <cusip>57583RWB7</cusip>
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          <isin value="US57583RWB76"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JEA FL WTR &amp; SWR REVENUE</name>
        <lei>N/A</lei>
        <title>JEA Water &amp; Sewer System Revenue</title>
        <cusip>46615SFN3</cusip>
        <identifiers>
          <isin value="US46615SFN36"/>
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        <balance>1780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2004415.28000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WEST HAVEN CT</name>
        <lei>N/A</lei>
        <title>City of West Haven CT</title>
        <cusip>953140W30</cusip>
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          <isin value="US953140W309"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>301959.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>39081JAA6</cusip>
        <identifiers>
          <isin value="US39081JAA60"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>511746.60000000</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>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PUERTO RICO INDL TOURIST EDUCT</name>
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        <title>Puerto Rico Industrial Tourist Educational Medical &amp; Envirml Ctl Facs Fing Auth</title>
        <cusip>74527EFM5</cusip>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>550224.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH MF</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>130483FW5</cusip>
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          <isin value="US130483FW57"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>TOLEDO OH</name>
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          <maturityDt>2039-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>MIAMI BEACH FL WTR &amp; SWR REVEN</name>
        <lei>N/A</lei>
        <title>City of Miami Beach FL Water &amp; Sewer Revenue</title>
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          <isin value="US593241CE05"/>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>SWEETWATER CNTY WY 2023 SPECIF</name>
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        <title>Sweetwater County 2023 Specific Purpose Tax Joint Powers Board</title>
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          <maturityDt>2028-06-15</maturityDt>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204FJD8</cusip>
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          <isin value="US45204FJD87"/>
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        <balance>1300000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ERIE PA</name>
        <lei>N/A</lei>
        <title>City of Erie PA</title>
        <cusip>295407Q52</cusip>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>425689.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAKE HAVASU CITY AZ WSTWTR SYS</name>
        <lei>N/A</lei>
        <title>City of Lake Havasu City AZ Wastewater System Revenue</title>
        <cusip>50989RAA8</cusip>
        <identifiers>
          <isin value="US50989RAA86"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1265929.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LONG BEACH CA ARPT REVENUE</name>
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        <name>MONTGOMERY CNTY AL PUBLIC BLDG</name>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
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          <isin value="US09182NCT54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTH SPRINGS FL IMPT DIST</name>
        <lei>N/A</lei>
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          <isin value="US662542CX50"/>
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        <curCd>USD</curCd>
        <valUSD>48016.20000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N WSTRN IN SCH BLDG CORP</name>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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        <title>Michigan Finance Authority</title>
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          <isin value="US59447TUU59"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MISSOURI ST HLTH &amp; EDUCTNL FAC</name>
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          <isin value="US60637AMU33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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        <name>ILLINOIS ST HSG DEV AUTH MF HS</name>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
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        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
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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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        <name>HARRIS CNTY TX WC&amp;ID #159</name>
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      <invstOrSec>
        <name>NEW YORK CITY NY MUNI WTR FIN</name>
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          <maturityDt>2036-09-01</maturityDt>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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          <isin value="US65820YSN75"/>
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          <maturityDt>2041-09-01</maturityDt>
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      <invstOrSec>
        <name>CLIFTON TX HGR EDU FIN CORP ED</name>
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          <isin value="US187145MD69"/>
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          <maturityDt>2035-08-15</maturityDt>
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        <name>IOWA ST FIN AUTH REVENUE</name>
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        <title>Iowa Finance Authority</title>
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          <isin value="US46246K5H19"/>
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          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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          <isin value="US74444VBP40"/>
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        <name>PUERTO RICO INDL TOURIST EDUCT</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>DENVER CO CITY &amp; CNTY DEDICATE</name>
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        <name>ARIZONA INDL DEV AUTH HOSP REV</name>
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          <isin value="US04052EAC21"/>
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        <name>JULINGTON CREEK PLANTATION FLC</name>
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        <name>ALLEGHENY CNTY PA SAN AUTH</name>
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        <name>BLACK BELT ENERGY GAS DIST AL</name>
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        <name>WALTON CNTY GA WTR &amp; SWR AUTH</name>
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          <maturityDt>2039-02-01</maturityDt>
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        <name>WEST VIRGINIA ST HOSP FIN AUTH</name>
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        <title>West Virginia Hospital Finance Authority</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ROSEVILLE CA NATURAL GAS FIN A</name>
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        <title>Roseville Natural Gas Financing Authority</title>
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          <isin value="US777863AR24"/>
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        <balance>560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>560139.61000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>DALLAS CNTY TX CMNTY CLG DIST</name>
        <lei>N/A</lei>
        <title>Dallas College</title>
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          <isin value="US234685MN22"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1281152.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UTAH ST</name>
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        <cusip>917542QV7</cusip>
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          <isin value="US917542QV70"/>
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        <balance>2557183.62000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2529205.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.53900000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SAN ANTONIO TX ELEC &amp; GAS REVE</name>
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        <cusip>7962535T5</cusip>
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          <isin value="US7962535T52"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TEXAS ST WTR DEV BRD</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board</title>
        <cusip>882854J60</cusip>
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          <isin value="US882854J605"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2127213.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-15</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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        <name>MSD OF WASH TWP SCH BLDG CORP</name>
        <lei>N/A</lei>
        <title>MSD of Wash Township School Building Corp</title>
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          <isin value="US62476HCR66"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>248299.18000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 423</title>
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          <isin value="US41429KDM18"/>
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        <curCd>USD</curCd>
        <valUSD>357065.35000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UNIV OF CALIFORNIA CA REVENUES</name>
        <lei>N/A</lei>
        <title>University of California</title>
        <cusip>91412HPW7</cusip>
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          <isin value="US91412HPW78"/>
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        <balance>4500000.00000000</balance>
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          <maturityDt>2048-05-15</maturityDt>
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        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US917467CL46"/>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>SOUTH CAROLINA ST PUBLIC SVC A</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US837151T254"/>
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        <name>RICHMOND MI CMNTY SCHS</name>
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        <title>Richmond Community Schools/MI</title>
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          <isin value="US765177CU23"/>
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        <name>TEXAS ST TECH CLG SYS FING SYS</name>
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        <title>Texas State Technical College</title>
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          <isin value="US88276REV06"/>
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        <name>ALASKA ST INDL DEV &amp; EXPORT AU</name>
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          <isin value="US011903HC87"/>
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        <name>DIST OF COLUMBIA HSG FIN AGY M</name>
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      <invstOrSec>
        <name>WISCONSIN ST HSG &amp; ECON DEV AU</name>
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          <isin value="US976904Y307"/>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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          <maturityDt>2038-11-15</maturityDt>
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        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FL365"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>LAFAYETTE LA UTILITIES REVENUE</name>
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          <isin value="US506498C859"/>
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        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
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          <isin value="US56042TAW80"/>
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        <name>CALIFORNIA ST MUNI FIN AUTH CO</name>
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          <isin value="US130493CF42"/>
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        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
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        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
        <cusip>93974EF50</cusip>
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          <isin value="US93974EF500"/>
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        <curCd>USD</curCd>
        <valUSD>1625897.44000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>AVON IN CMNTY SCH BLDG CORP</name>
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          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA ST PUBLIC WKS BRD L</name>
        <lei>N/A</lei>
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          <isin value="US13068XJE04"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CHICAGO IL TRANSIT AUTH SALES</name>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>INDIANA ST FIN AUTH HOSP REVEN</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
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        <title>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</title>
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        <name>ARLINGTON TX SPL TAX REVENUE</name>
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        <title>City of Arlington TX Special Tax Revenue</title>
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          <isin value="US04184RBR03"/>
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        <name>GROSSMONT CA UNION HIGH SCH DI</name>
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        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
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        <name>KING CNTY WA SWR REVENUE</name>
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        <title>County of King WA Sewer Revenue</title>
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          <isin value="US4952894Q05"/>
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      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
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        <identifiers>
          <isin value="US542403DA58"/>
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        <name>CALIFORNIA CMNTY CHOICE FING A</name>
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      <invstOrSec>
        <name>ENERGY N W WA ELEC REVENUE</name>
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          <isin value="US29270CJ896"/>
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      <invstOrSec>
        <name>KING CNTY WA SWR REVENUE</name>
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        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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          <isin value="US646066TW02"/>
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          <isin value="US60637ATW26"/>
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          <maturityDt>2025-08-01</maturityDt>
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        <name>WISCONSIN ST HSG &amp; ECON DEV AU</name>
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          <isin value="US97689REX89"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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        <name>VIRGINIA ST PUBLIC BLDG AUTH P</name>
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          <isin value="US928172J970"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>CALIFORNIA ST MUNI FIN AUTH CO</name>
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        <title>California Municipal Finance Authority</title>
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          <isin value="US130493CC11"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LANCASTER PA INDL DEV AUTH</name>
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        <name>JOLIET IL</name>
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        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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        <name>UTAH INFRASTRUCTURE AGY TELECO</name>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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        <name>NORTHWEST TX INDEP SCH DIST</name>
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        <name>MISSOURI JT MUNI ELEC UTILITY</name>
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      <invstOrSec>
        <name>NEW HAMPSHIRE ST HLTH &amp; EDU FA</name>
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          <isin value="US64461XJE67"/>
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        <curCd>USD</curCd>
        <valUSD>2501859.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-08-01</maturityDt>
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        <name>MET WTR DIST OF STHRN CA WTRWK</name>
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          <isin value="US59266TNV97"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.69000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA ST MUNI FIN AUTH CO</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>130493CG2</cusip>
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          <isin value="US130493CG25"/>
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        <balance>1175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1374191.64000000</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>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAMDEN NY CENTRL SCH DIST</name>
        <lei>N/A</lei>
        <title>Camden Central School District</title>
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          <isin value="US133123LZ07"/>
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        <balance>1180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1222764.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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        <title>Arizona Industrial Development Authority</title>
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          <isin value="US04052VAG59"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>329627.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MATAGORDA CNTY TX NAV DIST #1</name>
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        <title>Matagorda County Navigation District No 1</title>
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          <isin value="US576528DQ33"/>
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        <curCd>USD</curCd>
        <valUSD>1017560.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago IL</title>
        <cusip>167486L80</cusip>
        <identifiers>
          <isin value="US167486L806"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1638161.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AUSTIN TX ARPT SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Austin TX Airport System Revenue</title>
        <cusip>052398FE9</cusip>
        <identifiers>
          <isin value="US052398FE91"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1025333.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas Inc</title>
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          <isin value="US56035DGC02"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5021627.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.26400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UPPER ARLINGTON OH</name>
        <lei>5493002KHBEUI9TNXM57</lei>
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          <isin value="US915489D471"/>
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        <balance>750000.00000000</balance>
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        <valUSD>776737.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>HERCULES CA REDEV AGY SUCCESSO</name>
        <lei>N/A</lei>
        <title>Hercules Redevelopment Agency Successor Agency</title>
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          <isin value="US427078AA83"/>
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          <maturityDt>2037-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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        <title>State of Connecticut Special Tax Revenue</title>
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          <isin value="US207758D344"/>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <title>Northern Illinois University</title>
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          <isin value="US665245YZ30"/>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>WILLIAMSBURG VA ECON DEV AUTH</name>
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          <isin value="US969671AR78"/>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>KING CNTY WA SWR REVENUE</name>
        <lei>N/A</lei>
        <title>County of King WA Sewer Revenue</title>
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          <isin value="US495290EF18"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
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        <name>DALLAS CNTY TX CMNTY CLG DIST</name>
        <lei>N/A</lei>
        <title>Dallas College</title>
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          <isin value="US234685LJ29"/>
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        <balance>1575000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>3.00000000</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="US64966Q2R09"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>580011.85000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <cusip>45203HB50</cusip>
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          <isin value="US45203HB505"/>
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        <curCd>USD</curCd>
        <valUSD>2501122.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DODGE CITY KS</name>
        <lei>N/A</lei>
        <title>City of Dodge City KS</title>
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          <isin value="US256309E849"/>
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        <curCd>USD</curCd>
        <valUSD>475292.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UTAH HSG CORP SF MTGE REVENUE</name>
        <lei>549300YXWQEI0S47WI02</lei>
        <title>Utah Housing Corp</title>
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          <isin value="US917437EP62"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2488327.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMAHA NE PUBLIC PWR DIST SEPAR</name>
        <lei>N/A</lei>
        <title>Omaha Public Power District Nebraska City Station Unit 2</title>
        <cusip>682004FH4</cusip>
        <identifiers>
          <isin value="US682004FH49"/>
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        <curCd>USD</curCd>
        <valUSD>1263938.03000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS WTR DEV BRD ST WTR IMPLE</name>
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        <title>Texas Water Development Board</title>
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          <isin value="US88285ABH05"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>551795.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HGR EDUCTNL FA</name>
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        <title>Pennsylvania Higher Educational Facilities Authority</title>
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          <isin value="US70917RKC87"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109022.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.34600000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>RHODE ISLAND INFRASTRUCTURE BA</name>
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        <title>Rhode Island Infrastructure Bank</title>
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          <isin value="US76222FCT30"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>690529.45000000</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>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLARK CNTY NV</name>
        <lei>N/A</lei>
        <title>County of Clark NV</title>
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          <isin value="US180848PK39"/>
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        <curCd>USD</curCd>
        <valUSD>1002867.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALABAMA ST</name>
        <lei>549300TKZX0YNENZC895</lei>
        <title>State of Alabama</title>
        <cusip>010411AK2</cusip>
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          <isin value="US010411AK24"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>993664.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UTAH CNTY UT HOSP REVENUE</name>
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        <title>County of Utah UT</title>
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          <isin value="US917393BM11"/>
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        <valUSD>2117767.53000000</valUSD>
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          <maturityDt>2046-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>N WSTRN IN SCH BLDG CORP</name>
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          <isin value="US668265EL13"/>
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        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ILLINOIS ST DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>Illinois Development Finance Authority</title>
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          <isin value="US451913AH02"/>
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        <balance>500000.00000000</balance>
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        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>KENTUCKY ST ECON DEV FIN AUTH</name>
        <lei>N/A</lei>
        <title>Kentucky Economic Development Finance Authority</title>
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          <isin value="US49126PEQ90"/>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FXJ82"/>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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        <title>Sales Tax Securitization Corp</title>
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          <isin value="US79467BCG86"/>
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        <name>TRIBOROUGH NY BRIDGE &amp; TUNNEL</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <maturityDt>2037-11-15</maturityDt>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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        <title>Massachusetts Development Finance Agency</title>
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          <isin value="US57584XWS60"/>
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        <balance>500000.00000000</balance>
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        <name>JESUP IA CMNTY SCH DIST</name>
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          <isin value="US477070BK18"/>
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        <name>ARIZONA INDL DEV AUTH STUDENT</name>
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          <isin value="US04052VAH33"/>
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        <name>BENTONVILLE AR SCH DIST #6</name>
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          <isin value="US0834192L45"/>
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        <name>PHOENIX AZ CIVIC IMPT CORP ARP</name>
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        <name>OMAHA NE PUBLIC PWR DIST ELEC</name>
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        <name>CHERRY CREEK CO SCH DIST #5</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>FRANKLIN CNTY WA SCH DIST #1 P</name>
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          <maturityDt>2040-12-01</maturityDt>
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        <name>FORNEY TX INDEP SCH DIST</name>
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        <name>NEW YORK CITY NY TRANSITIONAL</name>
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        <name>WRIGHT CITY MO SCH DIST #R-2</name>
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        <valUSD>1147312.70000000</valUSD>
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      <invstOrSec>
        <name>NEWPORT NEWS VA WTR REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US652282DL58"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
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          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>S WSTRN IL DEV AUTH REV</name>
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          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>GRAND FORKS ND HLTH CARE SYS R</name>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TEXAS ST</name>
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          <isin value="US8827234T35"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1039245.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LANCASTER CNTY PA HOSP AUTH</name>
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          <isin value="US514045V916"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>JOLIET IL</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>AKRON BATH COPLEY JT TWP OH HO</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>ILLINOIS ST</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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          <isin value="US13049YAZ43"/>
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        <name>CHICAGO IL MET WTR RECLAMATION</name>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>FAYETTEVILLE NC PUBLIC WKS COM</name>
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          <maturityDt>2036-03-01</maturityDt>
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        <name>ALASKA ST MUNI BOND BANK AUTH</name>
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          <maturityDt>2039-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>GREATER CLARK IN BLDG CORP</name>
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        <name>MONTEREY PENINSULA CA CMNTY CL</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>UTILITY DEBT SECURITIZATION AU</name>
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          <isin value="US91802RGY99"/>
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          <maturityDt>2041-12-15</maturityDt>
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        <name>FRANKLIN PARK IL</name>
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          <maturityDt>2032-10-01</maturityDt>
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        <name>MEMPHIS TN HLTH EDUCTNL &amp; HSG</name>
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      <invstOrSec>
        <name>ILLINOIS ST SALES TAX REVENUE</name>
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        <name>DES MOINES IA</name>
        <lei>N/A</lei>
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          <maturityDt>2035-06-01</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>NORFOLK VA ARPT AUTH REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US655857DW79"/>
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        <curCd>USD</curCd>
        <valUSD>163230.65000000</valUSD>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>TAMPA FL SPL ASSMNT REVENUE</name>
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          <isin value="US875143AY52"/>
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        <curCd>USD</curCd>
        <valUSD>2188481.79000000</valUSD>
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        <debtSec>
          <maturityDt>2046-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TOLEDO OH</name>
        <lei>549300I365GIDPR4BM68</lei>
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          <isin value="US889278ZS91"/>
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        <curCd>USD</curCd>
        <valUSD>1154453.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245YV2</cusip>
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          <isin value="US665245YV26"/>
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        <balance>250000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CLARK CNTY NV SCH DIST</name>
        <lei>N/A</lei>
        <title>Clark County School District</title>
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          <isin value="US1810592U98"/>
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        <balance>845000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALABAMA ST HSG FIN AUTH MF REV</name>
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        <title>Alabama Housing Finance Authority</title>
        <cusip>01030TAQ1</cusip>
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          <isin value="US01030TAQ13"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506900.45000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SOUTHEAST ENERGY AUTH AL COMMO</name>
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          <isin value="US84136FBL04"/>
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        <fairValLevel>2</fairValLevel>
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        <name>COLLEGE STATION TX</name>
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          <isin value="US194469LK65"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-15</maturityDt>
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        <name>S WSTRN IL DEV AUTH REV</name>
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          <maturityDt>2035-12-01</maturityDt>
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        <name>PUBLIC FIN AUTH WI RETMNT FAC</name>
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        <name>ARIZONA ST HLTH FACS AUTH</name>
        <lei>N/A</lei>
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          <isin value="US040507QB45"/>
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          <maturityDt>2046-01-01</maturityDt>
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        <name>NORTH HOUSTON DEV CORP TX TAX</name>
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        <title>Greater Greenspoint Redevelopment Authority</title>
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          <isin value="US660027AP84"/>
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        <name>SACRAMENTO CNTY CA ARPT SYS RE</name>
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        <name>FLORIDA ST DEV FIN CORP EDUCTN</name>
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        <name>ALASKA ST MUNI BOND BANK AUTH</name>
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        <name>WRIGHT CITY MO SCH DIST #R-2</name>
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        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <name>LAREDO TX INDEP SCH DIST</name>
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        <name>GUADALUPE-BLANCO TX RIVER AUTH</name>
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          <maturityDt>2044-11-15</maturityDt>
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          <isin value="US047870NE64"/>
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        <name>ARIZONA ST INDL DEV AUTH NATIO</name>
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          <isin value="US04052FAM77"/>
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          <maturityDt>2031-11-01</maturityDt>
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          <isin value="US438701L447"/>
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          <maturityDt>2030-01-01</maturityDt>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>FRESNO CA UNIF SCH DIST</name>
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      <invstOrSec>
        <name>GOLD HILL MESA MET DIST #2 CO</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONNECTICUT ST</name>
        <lei>N/A</lei>
        <title>State of Connecticut</title>
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          <isin value="US20772KJN00"/>
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        <curCd>USD</curCd>
        <valUSD>2096183.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW HAMPSHIRE ST BUSINESS FIN</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
        <cusip>644684DR0</cusip>
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          <isin value="US644684DR04"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>673214.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALVIN TX WTRWKS &amp; SWR REVENUE</name>
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        <title>City of Alvin TX Water &amp; Sewer System Revenue</title>
        <cusip>022483PT2</cusip>
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          <isin value="US022483PT26"/>
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        <balance>1225000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY NY TRANSITIONAL</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured Revenue</title>
        <cusip>64971XC97</cusip>
        <identifiers>
          <isin value="US64971XC979"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1029657.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CALIFORNIA ST MUNI FIN AUTH RE</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority</title>
        <cusip>13048VL97</cusip>
        <identifiers>
          <isin value="US13048VL973"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499768.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEFFERSON CNTY KY</name>
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        <title>Louisville/Jefferson County Metropolitan Government</title>
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          <isin value="US54659LBQ68"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>519423.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANGAMON &amp; MORGAN CNTYS IL CMN</name>
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        <title>Sangamon &amp; Morgan Counties Community Unit School District No 16 New Berlin</title>
        <cusip>800803DQ8</cusip>
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          <isin value="US800803DQ82"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402074.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>6461367B1</cusip>
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          <isin value="US6461367B18"/>
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        <valUSD>1449807.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
        <lei>N/A</lei>
        <title>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</title>
        <cusip>709221VE2</cusip>
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          <isin value="US709221VE24"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>ARIZONA ST INDL DEV AUTH MF HS</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
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          <isin value="US04062PBR10"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>SPARTANBURG CNTY SC SCH DIST #</name>
        <lei>N/A</lei>
        <title>Spartanburg County School District No 4/SC</title>
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          <isin value="US847031CP48"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ALAMITO TX PUBLIC FACS CORP MF</name>
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          <isin value="US011245AG20"/>
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        <name>KANSAS CITY MO SPL OBLG</name>
        <lei>549300EGAE3I3XU7XE19</lei>
        <title>City of Kansas City MO</title>
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        <name>GRAND RIVER CO HOSP DIST</name>
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        <name>CHESAPEAKE VA REDEV &amp; HSG AUTH</name>
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        <name>ARLINGTON TX INDEP SCH DIST</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CNTY AL PUBLIC BLDG</name>
        <lei>N/A</lei>
        <title>Montgomery County Public Facilities Authority/AL</title>
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          <isin value="US613209EF81"/>
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        <curCd>USD</curCd>
        <valUSD>1287089.51000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615W41</cusip>
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          <isin value="US167615W419"/>
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        <curCd>USD</curCd>
        <valUSD>1030074.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUTTO TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Hutto Independent School District</title>
        <cusip>4484923D8</cusip>
        <identifiers>
          <isin value="US4484923D82"/>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>381528.33000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency</title>
        <cusip>45884AA37</cusip>
        <identifiers>
          <isin value="US45884AA376"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>574498.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPRINGFIELD MO SCH DIST #R-12</name>
        <lei>N/A</lei>
        <title>Springfield School District No R-12</title>
        <cusip>851035UP8</cusip>
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          <isin value="US851035UP85"/>
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        <balance>2310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1971376.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOUSTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Houston Higher Education Finance Corp</title>
        <cusip>442378GJ8</cusip>
        <identifiers>
          <isin value="US442378GJ84"/>
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        <balance>1915000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1914960.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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>2525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2584320.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615W58</cusip>
        <identifiers>
          <isin value="US167615W583"/>
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        <balance>645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>663082.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK ST DORM AUTH REVENUES</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990CEB3</cusip>
        <identifiers>
          <isin value="US64990CEB37"/>
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        <balance>1220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1269047.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BATESVILLE AR SALES &amp; USE TAX</name>
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        <title>City of Batesville AR Sales &amp; Use Tax</title>
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          <isin value="US070669BG06"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>537262.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 43</title>
        <cusip>414215FP3</cusip>
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          <isin value="US414215FP34"/>
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        <balance>2010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2305586.58000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTH BRANFORD CT</name>
        <lei>N/A</lei>
        <title>Town of North Branford CT</title>
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          <isin value="US657798YU25"/>
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        <curCd>USD</curCd>
        <valUSD>1007854.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-02</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>CORALVILLE IA</name>
        <lei>549300UKC7MMW46X6P25</lei>
        <title>City of Coralville IA</title>
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          <isin value="US218080KD04"/>
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        <curCd>USD</curCd>
        <valUSD>1304774.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST SPL TAX OBLIG R</name>
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        <title>State of Connecticut Special Tax Revenue</title>
        <cusip>207758UG6</cusip>
        <identifiers>
          <isin value="US207758UG60"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3073263.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MIAMI BEACH FL RESORT TAX REVE</name>
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        <title>City of Miami Beach FL</title>
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          <isin value="US593238CH98"/>
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        <curCd>USD</curCd>
        <valUSD>1010212.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST MUNI GAS ACQUISITION</name>
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        <cusip>88255QBH1</cusip>
        <identifiers>
          <isin value="US88255QBH11"/>
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        <balance>1850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1815810.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.41700000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLD HILL MESA MET DIST #2 CO</name>
        <lei>N/A</lei>
        <title>Gold Hill Mesa Metropolitan District No 2</title>
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          <isin value="US38060PAH47"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>159356.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN ST FIN AUTH REVENUE</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TK85</cusip>
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          <isin value="US59447TK853"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>517821.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SABINE-NECHES NAV DIST TX</name>
        <lei>N/A</lei>
        <title>Sabine-Neches Navigation District</title>
        <cusip>78532EAP7</cusip>
        <identifiers>
          <isin value="US78532EAP79"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1126530.60000000</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>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HSG SYNERGY PFC TX MF HSG REVE</name>
        <lei>N/A</lei>
        <title>Housing Synergy PFC</title>
        <cusip>44184QAB4</cusip>
        <identifiers>
          <isin value="US44184QAB41"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1026169.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Variable</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>NEW YORK ST HSG FIN AGY AFFORD</name>
        <lei>5493000LS7KCDB02O506</lei>
        <title>New York State Housing Finance Agency</title>
        <cusip>64987JGA3</cusip>
        <identifiers>
          <isin value="US64987JGA34"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266655.41000000</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>2025-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAPITAL TRUST AGY FL REVENUE</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>Capital Trust Agency Inc</title>
        <cusip>14052WBB2</cusip>
        <identifiers>
          <isin value="US14052WBB28"/>
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        <balance>1235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1236996.01000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</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>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204FAH8</cusip>
        <identifiers>
          <isin value="US45204FAH82"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>500000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.60000000</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>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97712D6Q4</cusip>
        <identifiers>
          <isin value="US97712D6Q45"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>465915.56000000</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>2033-02-15</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>WISE CNTY VA INDL DEV AUTH SOL</name>
        <lei>N/A</lei>
        <title>Wise County Industrial Development Authority</title>
        <cusip>977228AE5</cusip>
        <identifiers>
          <isin value="US977228AE58"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1397963.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DELAWARE VLY PA REGL FIN AUTH</name>
        <lei>549300HGYP3NW885TT18</lei>
        <title>Delaware Valley Regional Finance Authority</title>
        <cusip>246579DT0</cusip>
        <identifiers>
          <isin value="US246579DT04"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>412278.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</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>MICHIGAN ST</name>
        <lei>N/A</lei>
        <title>State of Michigan</title>
        <cusip>5946108A8</cusip>
        <identifiers>
          <isin value="US5946108A89"/>
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        <balance>1080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1076023.87000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FOREST HILLS OH LOCAL SCH DIST</name>
        <lei>N/A</lei>
        <title>Forest Hills Local School District</title>
        <cusip>345766NN5</cusip>
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          <isin value="US345766NN50"/>
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        <balance>630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>634996.28000000</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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          <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>542403DC1</cusip>
        <identifiers>
          <isin value="US542403DC15"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169596.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INDIANA CNTY PA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Indiana County Industrial Development Authority</title>
        <cusip>45469NDV7</cusip>
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          <isin value="US45469NDV73"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>261870.78000000</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>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WYANDOTTE CNTY KS UNIF SCH DIS</name>
        <lei>N/A</lei>
        <title>Wyandotte County Unified School District No 500 Kansas City</title>
        <cusip>982696QX7</cusip>
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          <isin value="US982696QX76"/>
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        <balance>500000.00000000</balance>
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        <valUSD>517562.80000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SABINE-NECHES NAV DIST TX</name>
        <lei>N/A</lei>
        <title>Sabine-Neches Navigation District</title>
        <cusip>78532EAT9</cusip>
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          <isin value="US78532EAT91"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>TEXAS ST</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas</title>
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          <isin value="US882723ZV43"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3074362.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2036-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>DIST OF COLUMBIA</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia</title>
        <cusip>25476FVK1</cusip>
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        <balance>1485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1558638.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>GREAT LAKES MI WTR AUTH SEWAGE</name>
        <lei>N/A</lei>
        <title>Great Lakes Water Authority Sewage Disposal System Revenue</title>
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        <identifiers>
          <isin value="US39081HAS13"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1036613.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>SAN MATEO CALIF SPL TAX</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-09-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST THRUWAY AUTH PERSO</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority</title>
        <cusip>650028XD0</cusip>
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          <isin value="US650028XD08"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRANKLIN CNTY OH HOSP FACS REV</name>
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          <isin value="US353187EW30"/>
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        <curCd>USD</curCd>
        <valUSD>500000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245YX8</cusip>
        <identifiers>
          <isin value="US665245YX81"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>697568.17000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UTAH CNTY UT HOSP REVENUE</name>
        <lei>N/A</lei>
        <title>County of Utah UT</title>
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          <isin value="US917393AX84"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002640.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR &amp; WS</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority</title>
        <cusip>40065FBB9</cusip>
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          <isin value="US40065FBB94"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>775924.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>6461364X6</cusip>
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          <isin value="US6461364X64"/>
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        <balance>2790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2965167.36000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
        <lei>N/A</lei>
        <title>Madison County Community Unit School District No 8 Bethalto</title>
        <cusip>557038FH4</cusip>
        <identifiers>
          <isin value="US557038FH43"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>727100.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TEXAS ST PRIV ACTIVITY BOND SU</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp</title>
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        <identifiers>
          <isin value="US882667BF49"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508577.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>LAUDERHILL FL WTR &amp; SWR REVENU</name>
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        <title>City of Lauderhill FL Water &amp; Sewer Revenue</title>
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          <isin value="US518557SM69"/>
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        <curCd>USD</curCd>
        <valUSD>1088306.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
        <title>Fort Pierce Utilities Authority</title>
        <cusip>348430PC7</cusip>
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          <isin value="US348430PC77"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>752138.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK CITY NY MUNI WTR FIN</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority</title>
        <cusip>64972GDC5</cusip>
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          <isin value="US64972GDC50"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CHARLOTTE-MECKLENBURG NC HOSP</name>
        <lei>549300XOH4JU704GMZ32</lei>
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          <isin value="US160853MR54"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-15</maturityDt>
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        <name>MASSACHUSETTS ST BAY TRANSPRTN</name>
        <lei>N/A</lei>
        <title>Massachusetts Bay Transportation Authority Sales Tax Revenue</title>
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          <isin value="US575579ZR10"/>
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        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>GUAM PWR AUTH REVENUE</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam Power Authority</title>
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          <isin value="US400653JZ51"/>
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        <balance>600000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
        <lei>N/A</lei>
        <title>Providence Public Building Authority</title>
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          <isin value="US74381MBR51"/>
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        <balance>250000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
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      <invstOrSec>
        <name>ISLE OF WIGHT CNTY VA ECON DEV</name>
        <lei>N/A</lei>
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          <isin value="US464637AN77"/>
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        <balance>600000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL PARK DIST</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615D75</cusip>
        <identifiers>
          <isin value="US167615D757"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>250000.00000000</valUSD>
        <pctVal>0.037830302361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</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>NEW YORK CITY NY TRANSITIONAL</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured Revenue</title>
        <cusip>64971X4D7</cusip>
        <identifiers>
          <isin value="US64971X4D74"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2326331.80000000</valUSD>
        <pctVal>0.352023341544</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MESQUITE TX INDEP SCH DIST</name>
        <lei>549300M7COV11VUIZE16</lei>
        <title>Mesquite Independent School District</title>
        <cusip>590760FS8</cusip>
        <identifiers>
          <isin value="US590760FS86"/>
        </identifiers>
        <balance>1590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1616539.17000000</valUSD>
        <pctVal>0.244616662318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST DORM AUTH ST PERSO</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990FWW0</cusip>
        <identifiers>
          <isin value="US64990FWW03"/>
        </identifiers>
        <balance>820000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>865150.18000000</valUSD>
        <pctVal>0.130915571588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG BEACH CA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Long Beach CA Airport System Revenue</title>
        <cusip>542403CG3</cusip>
        <identifiers>
          <isin value="US542403CG38"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>216242.86000000</valUSD>
        <pctVal>0.032722131108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL O'HARE INTERNATIONA</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport</title>
        <cusip>167593M33</cusip>
        <identifiers>
          <isin value="US167593M336"/>
        </identifiers>
        <balance>2700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2911819.05000000</valUSD>
        <pctVal>0.440619980329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</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>BALTIC SD SCH DIST #49-1</name>
        <lei>N/A</lei>
        <title>Baltic School District No 49-1</title>
        <cusip>058827EV4</cusip>
        <identifiers>
          <isin value="US058827EV40"/>
        </identifiers>
        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>318479.43000000</valUSD>
        <pctVal>0.048192692530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S WSTRN IL DEV AUTH REV</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
        <title>Southwestern Illinois Development Authority</title>
        <cusip>84552YRC7</cusip>
        <identifiers>
          <isin value="US84552YRC74"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>526892.85000000</valUSD>
        <pctVal>0.079730063309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
        <lei>N/A</lei>
        <title>Sacramento City Unified School District/CA</title>
        <cusip>785870RH1</cusip>
        <identifiers>
          <isin value="US785870RH13"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>148114.98000000</valUSD>
        <pctVal>0.022412937910</pctVal>
        <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>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>ALAMITO TX PUBLIC FACS CORP MF</name>
        <lei>N/A</lei>
        <title>Alamito Public Facility Corp</title>
        <cusip>011245AH0</cusip>
        <identifiers>
          <isin value="US011245AH03"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3996382.00000000</valUSD>
        <pctVal>0.604737357641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORT WORTH TX</name>
        <lei>N/A</lei>
        <title>City of Fort Worth TX</title>
        <cusip>349426DC7</cusip>
        <identifiers>
          <isin value="US349426DC75"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>352438.90000000</valUSD>
        <pctVal>0.053331480603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>TENNESSEE ST ENERGY ACQUISITIO</name>
        <lei>549300OJ2Z8PGEY46K92</lei>
        <title>Tennessee Energy Acquisition Corp</title>
        <cusip>880443BT2</cusip>
        <identifiers>
          <isin value="US880443BT22"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510172.10000000</valUSD>
        <pctVal>0.077199859196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</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>FORT PIERCE FL UTILITIES AUTH</name>
        <lei>N/A</lei>
        <title>Fort Pierce Utilities Authority</title>
        <cusip>348430PJ2</cusip>
        <identifiers>
          <isin value="US348430PJ21"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231915.82000000</valUSD>
        <pctVal>0.035093782371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</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>GOLD HILL MESA MET DIST #2 CO</name>
        <lei>N/A</lei>
        <title>Gold Hill Mesa Metropolitan District No 2</title>
        <cusip>38060PAM3</cusip>
        <identifiers>
          <isin value="US38060PAM32"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>223830.30000000</valUSD>
        <pctVal>0.033870271706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>
