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      <invstOrSec>
        <name>TEXAS ST PUBLIC FIN AUTH REVEN</name>
        <lei>N/A</lei>
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        <cusip>88277PBA2</cusip>
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          <isin value="US88277PBA21"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SANGAMON &amp; CHRISTIAN CNTYS IL</name>
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        <title>Sangamon &amp; Christian Counties Community Unit School District No 3A Rochester</title>
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          <isin value="US800722GT19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL SPL OBLIG</name>
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          <isin value="US59333NXP31"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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        <title>Harris County Water Control &amp; Improvement District No 158</title>
        <cusip>41453EAF2</cusip>
        <identifiers>
          <isin value="US41453EAF25"/>
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        <curCd>USD</curCd>
        <valUSD>433256.81000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHAWANO WI ELEC SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Shawano WI Electric System Revenue</title>
        <cusip>820418AF8</cusip>
        <identifiers>
          <isin value="US820418AF83"/>
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        <balance>1015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1025635.98000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAND JUNCTION CO JT SWR SYS R</name>
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        <title>City of Grand Junction CO Joint Sewer System Revenue</title>
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          <isin value="US385799BG50"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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        <title>Chicago O'Hare International Airport</title>
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          <isin value="US1675934E92"/>
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        <balance>1470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1618522.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
        <lei>N/A</lei>
        <title>Cloverleaf Local School District</title>
        <cusip>18925PGQ5</cusip>
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          <isin value="US18925PGQ54"/>
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        <balance>955000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>996295.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLORADO SPRINGS CO SCH DIST #</name>
        <lei>N/A</lei>
        <title>Colorado Springs School District No 11 Facilities Corp</title>
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        <identifiers>
          <isin value="US19662UBJ07"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2427203.25000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WASHINGTON ST</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington</title>
        <cusip>93974AUF9</cusip>
        <identifiers>
          <isin value="US93974AUF91"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2838513.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <title>Pittsburgh Water &amp; Sewer Authority</title>
        <cusip>725304WU9</cusip>
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          <isin value="US725304WU94"/>
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        <balance>1350000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>S WSTRN IL DEV AUTH REV</name>
        <lei>549300B1KLLJ8NU5XK71</lei>
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          <isin value="US84552YRM56"/>
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        <balance>2700000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIV OF NEW MEXICO NM</name>
        <lei>549300WZXG6PIBC7KB43</lei>
        <title>University of New Mexico/The</title>
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          <isin value="US9146925T17"/>
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        <debtSec>
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      <invstOrSec>
        <name>SALT LAKE CITY UT ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Salt Lake City UT Airport Revenue</title>
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        <identifiers>
          <isin value="US795576FY87"/>
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          <maturityDt>2047-07-01</maturityDt>
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        <name>SANGAMON &amp; MORGAN CNTYS IL CMN</name>
        <lei>N/A</lei>
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          <isin value="US800803DU94"/>
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          <maturityDt>2046-12-01</maturityDt>
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      <invstOrSec>
        <name>PHILADELPHIA PA WTR &amp; WSTWTR R</name>
        <lei>N/A</lei>
        <title>City of Philadelphia PA Water &amp; Wastewater Revenue</title>
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          <isin value="US7178933V18"/>
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        <debtSec>
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      <invstOrSec>
        <name>CHAFFEY CA JT UNION HIGH SCH D</name>
        <lei>N/A</lei>
        <title>Chaffey Joint Union High School District</title>
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          <isin value="US157411VX49"/>
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        <balance>1000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>None</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CNTY PA HGR EDU &amp; H</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>SPARTANBURG CNTY SC SCH DIST #</name>
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      <invstOrSec>
        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
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      <invstOrSec>
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          <isin value="US41429KDQ22"/>
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          <maturityDt>2032-04-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK ST CONVENTION CENTER</name>
        <lei>N/A</lei>
        <title>New York Convention Center Development Corp</title>
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          <isin value="US649451HS33"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CARMEL IN WTRWKS REVENUE</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALABAMA ST PORT AUTH DOCKS FAC</name>
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          <isin value="US010604BZ80"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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      <invstOrSec>
        <name>TEXAS ST MUNI PWR AGY REVENUE</name>
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          <isin value="US882555ZT57"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UMATILLA CNTY OR SCH DIST #6 R</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-15</maturityDt>
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        <name>Dreyfus Government Cash Management</name>
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          <isin value="US2620062081"/>
          <ticker value="MISXX"/>
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        <name>SALES TAX SECURITIZATION CORP</name>
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        <name>MIAMI-DADE CNTY FL SCH DIST</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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        <name>MONTGOMERY CNTY TX MUNI UTILIT</name>
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      <invstOrSec>
        <name>BURBANK GLENDALE PASADENA CA A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>READING PA SCH DIST</name>
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          <isin value="US755638QK23"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DENTON TX INDEP SCH DIST</name>
        <lei>5493005I9W678SUI0Z07</lei>
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          <isin value="US249002HG48"/>
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        <curCd>USD</curCd>
        <valUSD>2197456.50000000</valUSD>
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          <maturityDt>2039-08-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>MARICOPA CNTY AZ UNIF SCH DIST</name>
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          <isin value="US56756QBF63"/>
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        <curCd>USD</curCd>
        <valUSD>492786.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>ORANGE CITY IA WTR REVENUE</name>
        <lei>N/A</lei>
        <title>City of Orange City IA Water Revenue</title>
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          <isin value="US68417ECX94"/>
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        <curCd>USD</curCd>
        <valUSD>1146261.09000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WISCONSIN CENTER DIST WI TAX R</name>
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        <title>Wisconsin Center District</title>
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          <isin value="US976595EU85"/>
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        <curCd>USD</curCd>
        <valUSD>655294.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>DENTON TX INDEP SCH DIST</name>
        <lei>5493005I9W678SUI0Z07</lei>
        <title>Denton Independent School District</title>
        <cusip>249002HH2</cusip>
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          <isin value="US249002HH21"/>
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        <curCd>USD</curCd>
        <valUSD>2153667.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-15</maturityDt>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US646136ET42"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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          <isin value="US167505UG96"/>
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        <curCd>USD</curCd>
        <valUSD>519937.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>GEORGETOWN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Georgetown Independent School District</title>
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          <isin value="US373046YW50"/>
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        <valUSD>1912537.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>SANGAMON &amp; MORGAN CNTYS IL CMN</name>
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          <maturityDt>2043-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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="US665245YP57"/>
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          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>SUFFOLK VA</name>
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        <title>City of Suffolk VA</title>
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          <isin value="US86481AAT16"/>
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          <maturityDt>2038-02-01</maturityDt>
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          <annualizedRt>1.87500000</annualizedRt>
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        <name>KENTUCKY ST MUNI PWR AGY PWR S</name>
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        <title>Kentucky Municipal Power Agency</title>
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          <isin value="US491501FM95"/>
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        <curCd>USD</curCd>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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        <title>Providence Public Building Authority</title>
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          <isin value="US74381MDJ18"/>
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          <maturityDt>2041-09-15</maturityDt>
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        <name>KANKAKEE IL</name>
        <lei>549300Z3ZVLSXELVAS52</lei>
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          <maturityDt>2026-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>CLINTON IA CMNTY SCH DIST SCHI</name>
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          <isin value="US18735EBS19"/>
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        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GROSSMONT CA UNION HIGH SCH DI</name>
        <lei>N/A</lei>
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        <cusip>399262KB9</cusip>
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          <isin value="US399262KB95"/>
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        <curCd>USD</curCd>
        <valUSD>1537945.34000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMAL CNTY TX WTR CONTROL &amp; IM</name>
        <lei>N/A</lei>
        <title>Comal County Water Control &amp; Improvement District No 6</title>
        <cusip>199819HC0</cusip>
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          <isin value="US199819HC00"/>
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        <curCd>USD</curCd>
        <valUSD>1760342.51000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREEN GABLES MET DIST #2 CO</name>
        <lei>N/A</lei>
        <title>Green Gables Metropolitan District No 2</title>
        <cusip>39305PAP9</cusip>
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          <isin value="US39305PAP99"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>801179.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 489</title>
        <cusip>41423LMU7</cusip>
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          <isin value="US41423LMU79"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1075164.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PASCO CNTY FL CAPITAL IMPT CIG</name>
        <lei>N/A</lei>
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          <isin value="US70252AAD72"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1070476.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
        <lei>N/A</lei>
        <title>Harris County Water Control &amp; Improvement District No 158</title>
        <cusip>41453EBA2</cusip>
        <identifiers>
          <isin value="US41453EBA29"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1508026.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 423</title>
        <cusip>41429KEC2</cusip>
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          <isin value="US41429KEC27"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1805121.36000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHILADELPHIA PA ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>City of Philadelphia PA Airport Revenue</title>
        <cusip>717817XV7</cusip>
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          <isin value="US717817XV73"/>
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        <curCd>USD</curCd>
        <valUSD>1303395.21000000</valUSD>
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        <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>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTIL DI</name>
        <lei>N/A</lei>
        <title>Fort Bend County Municipal Utility District No 134B</title>
        <cusip>34683LRE8</cusip>
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          <isin value="US34683LRE82"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>425295.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILLIAMSON CNTY TX MUNI UTILIT</name>
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        <title>Williamson County Municipal Utility District No 25</title>
        <cusip>97001TCP4</cusip>
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          <isin value="US97001TCP49"/>
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        <balance>1190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1176289.06000000</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>2044-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COOK CNTY IL SCH DIST #86</name>
        <lei>N/A</lei>
        <title>Cook County School District No 86 Harwood Heights</title>
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          <isin value="US214147CZ16"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO IL MIDWAY ARPT REVENUE</name>
        <lei>N/A</lei>
        <title>Chicago Midway International Airport</title>
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          <isin value="US167562SE84"/>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <title>Pittsburgh Water &amp; Sewer Authority</title>
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          <isin value="US725304WV77"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHRISTIAN CNTY KY SCH DIST FIN</name>
        <lei>N/A</lei>
        <title>Christian County School District Finance Corp</title>
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          <isin value="US170704TH34"/>
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          <maturityDt>2048-10-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEWARK NJ PKG AUTH LEASE REVEN</name>
        <lei>549300GCUIIQ6TYN0S75</lei>
        <title>Newark Parking Authority/The</title>
        <cusip>650392AL7</cusip>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2051-02-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EL PASO CNTY TX HOSP DIST</name>
        <lei>N/A</lei>
        <title>El Paso County Hospital District</title>
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          <isin value="US283590JA64"/>
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        <debtSec>
          <maturityDt>2043-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILLIAMSON CNTY IL CMNTY UNIT</name>
        <lei>N/A</lei>
        <title>Williamson County Community Unit School District No 1 Johnston City</title>
        <cusip>969768DM9</cusip>
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          <isin value="US969768DM90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIV OF ALASKA AK REVENUES</name>
        <lei>549300HX0P0XT4OEJZ25</lei>
        <title>University of Alaska</title>
        <cusip>914046N60</cusip>
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          <isin value="US914046N602"/>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>COMAL CNTY TX WTR CONTROL &amp; IM</name>
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        <name>MATAGORDA CNTY TX NAV DIST #1</name>
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        <name>GREAT LAKES MI WTR AUTH WTR SP</name>
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        <name>LA SALLE CNTY IL CMNTY UNIT SC</name>
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      <invstOrSec>
        <name>PORT HURON MI AREA SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US734353MP79"/>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
        <lei>N/A</lei>
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          <isin value="US64542YBA38"/>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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          <isin value="US52109HQB23"/>
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          <maturityDt>2039-03-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>W DELAWARE CNTY IA CMNTY SCH D</name>
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          <isin value="US952480AD30"/>
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        <balance>170000.00000000</balance>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHATTANOOGA TN HLTH EDUCTNL &amp;H</name>
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          <maturityDt>2027-10-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TWIN RIVERS CA UNIF SCH DIST</name>
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          <isin value="US90171TDG22"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>FLAGLER CNTY FL SCH BRD</name>
        <lei>N/A</lei>
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          <isin value="US33840MDE30"/>
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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
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          <isin value="US542519ER00"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-15</maturityDt>
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        <name>MAINE ST HLTH &amp; HGR EDUCTNL FA</name>
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          <maturityDt>2049-07-01</maturityDt>
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      <invstOrSec>
        <name>ROCKETT TX SPL UTILITY DIST</name>
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          <isin value="US773138GR75"/>
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        <name>PENNSYLVANIA ST ECON DEV FING</name>
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        <name>TRAILS AT CROWFOOT MET DIST #3</name>
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          <isin value="US89286RAS76"/>
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        <name>NEW YORK ST DORM AUTH REVENUES</name>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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          <isin value="US41423THN28"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PADUCAH KY ELEC PLANT BRD REVE</name>
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          <maturityDt>2034-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>KANSAS CITY MO MUNI ASSISTANCE</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>MIAMI-DADE CNTY FL SEAPORT REV</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade Seaport Department</title>
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          <isin value="US59335KDE47"/>
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        <curCd>USD</curCd>
        <valUSD>1371057.20000000</valUSD>
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          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>NEW YORK ST PWR AUTH GREEN TRA</name>
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        <title>New York Power Authority</title>
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          <isin value="US65000XBN93"/>
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        <valUSD>1161272.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>BALTIC SD SCH DIST #49-1</name>
        <lei>N/A</lei>
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          <isin value="US058827EZ53"/>
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        <curCd>USD</curCd>
        <valUSD>3280248.05000000</valUSD>
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        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US544532JE58"/>
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        <curCd>USD</curCd>
        <valUSD>553732.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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        <title>Greater Asheville Regional Airport Authority</title>
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          <isin value="US39160CAQ06"/>
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        <curCd>USD</curCd>
        <valUSD>3451975.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>KAUFMAN CNTY TX MUNI UTILITY D</name>
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        <title>Kaufman County Municipal Utility District No 3</title>
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          <isin value="US48620ABZ84"/>
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        <balance>1560000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1576326.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>HEBER UT LIGHT &amp; PWR COMPANY E</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SAN MATEO CALIF SPL TAX</name>
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          <maturityDt>2037-09-01</maturityDt>
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        <name>LONG BEACH NY</name>
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        <name>SWEETWATER CNTY WY 2023 SPECIF</name>
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        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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        <name>BREVARD CNTY FL LOCAL OPTION F</name>
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        <name>AUBREY TX SPL ASSMNT</name>
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        <name>SALES TAX SECURITIZATION CORP</name>
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        <name>LOVE FIELD TX ARPT MODERNIZATI</name>
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        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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      <invstOrSec>
        <name>BELLWOOD IL</name>
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          <maturityDt>2025-12-01</maturityDt>
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        <name>VINEYARD REDEV AGY UT TAX INCR</name>
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        <name>RIVERSIDE CNTY CA TRANSPRTN CO</name>
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        <name>NEW YORK ST PWR AUTH GREEN TRA</name>
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          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>MOUNTAIN LAKES NJ SCH DIST</name>
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          <isin value="US624216HE04"/>
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          <maturityDt>2025-08-01</maturityDt>
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        <name>SALT LAKE CITY UT ARPT REVENUE</name>
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        <title>City of Salt Lake City UT Airport Revenue</title>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>RIVER ISLANDS CA PUBLIC FING A</name>
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      <invstOrSec>
        <name>HARRIS CNTY TX WC&amp;ID #158</name>
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        <title>Harris County Water Control &amp; Improvement District No 158</title>
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          <isin value="US41453EAE59"/>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OMAHA NE ARPT AUTH</name>
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        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
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          <maturityDt>2039-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>AMHERST NY DEV CORP STUDENT HS</name>
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        <name>WAYNE CNTY MI ARPT AUTH REVENU</name>
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        <title>Wayne County Airport Authority</title>
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          <isin value="US944514L227"/>
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        <name>OAK GROVE CA SCH DIST</name>
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        <title>Oak Grove School District</title>
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        <name>CHICAGO IL BRD OF EDU DEDICATE</name>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <name>LEANDER TX MUNI UTILITY DIST #</name>
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          <isin value="US52184HCD17"/>
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      <invstOrSec>
        <name>FOOTHILL-DE ANZA CA CMNTY CLG</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COOK CNTY IL CMNTY CLG DIST #5</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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      <invstOrSec>
        <name>TEXAS ST TECH CLG SYS FING SYS</name>
        <lei>N/A</lei>
        <title>Texas State Technical College</title>
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          <isin value="US88276RFJ68"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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          <isin value="US65830RCT41"/>
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        <curCd>USD</curCd>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
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          <isin value="US39160CBL00"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US56042TAW80"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>E-470 CO PUBLIC HIGHWAY AUTH</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAGINAW MI WTR SPLY SYS REVENU</name>
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        <title>City of Saginaw MI Water Supply System Revenue</title>
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          <isin value="US786795DA99"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 536</title>
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          <isin value="US41428TLK87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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          <isin value="US838536MQ02"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>BROOKINGS SD SCH DIST #5-1</name>
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          <maturityDt>2035-06-15</maturityDt>
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        <name>PORT OF GTR CINCINNATI DEV AUT</name>
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        <title>Port of Greater Cincinnati Development Authority</title>
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        <name>CLOVERLEAF OH LOCAL SCH DIST C</name>
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        <name>AMHERST NY DEV CORP</name>
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        <name>PENNSYLVANIA ST TURNPIKE COMMI</name>
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        <title>Pennsylvania Turnpike Commission</title>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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        <name>FONTANA CA UNIF SCH DIST</name>
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      <invstOrSec>
        <name>LONG BEACH NY</name>
        <lei>N/A</lei>
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          <maturityDt>2042-07-15</maturityDt>
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      <invstOrSec>
        <name>GEORGETOWN TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Georgetown Independent School District</title>
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          <isin value="US373046ZC87"/>
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        <curCd>USD</curCd>
        <valUSD>2224377.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>EVANSVILLE IN WTRWKS DIST REVE</name>
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          <isin value="US299488GY60"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>GLENDALE AZ TRANSPRTN EXCISE T</name>
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          <isin value="US378325BK94"/>
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        <curCd>USD</curCd>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MADERA CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Madera Unified School District</title>
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          <isin value="US556452EC06"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEWARK NJ PKG AUTH LEASE REVEN</name>
        <lei>549300GCUIIQ6TYN0S75</lei>
        <title>Newark Parking Authority/The</title>
        <cusip>650392AK9</cusip>
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          <isin value="US650392AK95"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-02-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUADALUPE-BLANCO TX RIVER AUTH</name>
        <lei>N/A</lei>
        <title>Guadalupe-Blanco River Authority</title>
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          <isin value="US400525AT88"/>
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        <balance>1975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2221622.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOS ANGELES CA DEPT OF WTR &amp; P</name>
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          <isin value="US544532CN21"/>
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        <curCd>USD</curCd>
        <valUSD>1050070.31000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-07-01</maturityDt>
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        <name>BERLIN BORO NJ SCH DIST</name>
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        <title>Berlin Borough School District</title>
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          <isin value="US084766CU67"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <title>New Jersey Turnpike Authority</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NATOMAS CA UNIF SCH DIST</name>
        <lei>5493003NJ3RTOZO25E38</lei>
        <title>Natomas Unified School District</title>
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        <balance>3135000.00000000</balance>
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          <maturityDt>2047-08-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>LAKE HAVASU CITY AZ WSTWTR SYS</name>
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        <title>City of Lake Havasu City AZ Wastewater System Revenue</title>
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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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          <maturityDt>2028-06-15</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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        <name>NEW YORK ST CONVENTION CENTER</name>
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        <title>New York Convention Center Development Corp</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>JESUP IA CMNTY SCH DIST</name>
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        <title>Jesup Community School District</title>
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        <balance>600000.00000000</balance>
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          <maturityDt>2032-06-01</maturityDt>
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        <name>TRI-CREEK IN 2002 HIGH SCH BLD</name>
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        <name>WESTMORELAND CNTY PA MUNI AUTH</name>
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        <name>PENNSYLVANIA ST ECON DEV FINGA</name>
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        <title>Pennsylvania Economic Development Financing Authority Parking System Revenue</title>
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          <isin value="US70870EEA38"/>
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        <balance>775000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>TULPEHOCKEN PA SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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      <invstOrSec>
        <name>PARK 70 CO MET DIST</name>
        <lei>N/A</lei>
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          <isin value="US70014RAP29"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>JESUP IA CMNTY SCH DIST</name>
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          <isin value="US477070BS44"/>
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        <curCd>USD</curCd>
        <valUSD>605097.18000000</valUSD>
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          <maturityDt>2033-06-01</maturityDt>
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          <annualizedRt>3.37500000</annualizedRt>
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      <invstOrSec>
        <name>AUBREY TX</name>
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        <curCd>USD</curCd>
        <valUSD>1845814.39000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MET PIER &amp; EXPOSITION AUTH IL</name>
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          <isin value="US592247J926"/>
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        <curCd>USD</curCd>
        <valUSD>1516426.01000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>GALVESTON CNTY TX MUNI UTILITY</name>
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          <maturityDt>2029-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MAINE ST HLTH &amp; HGR EDUCTNL FA</name>
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          <isin value="US56042SDY37"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2397821.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CALIFORNIA ST STWD CMNTYS DEVA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>UNIV OF ILLINOIS IL REVENUES</name>
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        <title>University of Illinois</title>
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          <isin value="US914353P508"/>
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        <balance>940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>942117.91000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY BOND DEV CORP INDL BL</name>
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          <isin value="US491211BR87"/>
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        <balance>2900000.00000000</balance>
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          <maturityDt>2049-09-01</maturityDt>
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        <name>WORCESTER MA</name>
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          <maturityDt>2034-02-15</maturityDt>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <maturityDt>2049-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MONROE WI SCH DIST</name>
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          <isin value="US611424LQ33"/>
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          <maturityDt>2043-03-01</maturityDt>
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      <invstOrSec>
        <name>GROSSMONT CA UNION HIGH SCH DI</name>
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          <isin value="US399262KG82"/>
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          <maturityDt>2039-08-01</maturityDt>
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        <name>NEW YORK ST PWR AUTH GREEN TRA</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
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          <maturityDt>2047-11-15</maturityDt>
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        <name>WILDWOOD UTILITY DEPENDENT DIS</name>
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          <isin value="US968214AT31"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2052-10-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>MASSACHUSETTS ST DEV FIN AGY R</name>
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          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>WILLIAMSON CNTY IL CMNTY UNIT</name>
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        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
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        <name>JOLIET IL</name>
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        <name>CLOVIS CA UNIF SCH DIST</name>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-09-01</maturityDt>
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        <name>FORT BEND CNTY TX TOLL ROAD RE</name>
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          <maturityDt>2049-03-01</maturityDt>
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        <name>SPRINGFIELD IL ELEC REVENUE</name>
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        <name>GEORGETOWN TX UTILITY SYS REVE</name>
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        <name>NEW YORK CITY NY INDL DEV AGY</name>
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        <name>INTERMOUNTAIN PWR AGY UT PWR S</name>
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          <isin value="US45884AB770"/>
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        <name>MET WASHINGTON DC ARPTS AUTH D</name>
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        <name>MIAMI-DADE CNTY FL SEAPORT REV</name>
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        <name>NORTHERN IL UNIV REVENUES</name>
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        <name>OHIO ST PRIVATE ACTIVITY REVEN</name>
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        <name>CALUMET CITY IL</name>
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          <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>WILL CNTY IL SCH DIST #114 MAN</name>
        <lei>N/A</lei>
        <title>Will County School District No 114 Manhattan</title>
        <cusip>968838KA9</cusip>
        <identifiers>
          <isin value="US968838KA93"/>
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        <balance>3765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4079817.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</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>WASHINGTON CA UNIF SCH DIST YO</name>
        <lei>N/A</lei>
        <title>Washington Unified School District/Yolo County CA</title>
        <cusip>937411FB7</cusip>
        <identifiers>
          <isin value="US937411FB73"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1053622.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Chicago IL Waterworks Revenue</title>
        <cusip>167736W29</cusip>
        <identifiers>
          <isin value="US167736W298"/>
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        <balance>3350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3729500.73000000</valUSD>
        <pctVal>0.767019752420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</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>PENNSYLVANIA ST HGR EDUCTNL FA</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority</title>
        <cusip>70917RKC8</cusip>
        <identifiers>
          <isin value="US70917RKC87"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>84413.90000000</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>2027-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.66300000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 489</title>
        <cusip>41423LKS4</cusip>
        <identifiers>
          <isin value="US41423LKS42"/>
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        <balance>980000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1065513.53000000</valUSD>
        <pctVal>0.219136550210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SNAKE RIVER SPORTING CLUB IMPT</name>
        <lei>N/A</lei>
        <title>Snake River Sporting Club Improvement &amp; Service District</title>
        <cusip>833021AZ1</cusip>
        <identifiers>
          <isin value="US833021AZ16"/>
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        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1170174.39000000</valUSD>
        <pctVal>0.240661401051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CNTY TX MUNI UTIL D</name>
        <lei>N/A</lei>
        <title>Montgomery County Municipal Utility District No 95</title>
        <cusip>61370NMK6</cusip>
        <identifiers>
          <isin value="US61370NMK62"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2020405.40000000</valUSD>
        <pctVal>0.415522334459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </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>542403DQ0</cusip>
        <identifiers>
          <isin value="US542403DQ01"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1051174.70000000</valUSD>
        <pctVal>0.216187585555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN IL UNIV REVENUES</name>
        <lei>N/A</lei>
        <title>Northern Illinois University</title>
        <cusip>665245ZK5</cusip>
        <identifiers>
          <isin value="US665245ZK51"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>381090.24000000</valUSD>
        <pctVal>0.078376105193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59261AK48</cusip>
        <identifiers>
          <isin value="US59261AK486"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>464475.80000000</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>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA CNTY PA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Indiana County Industrial Development Authority</title>
        <cusip>45469NDZ8</cusip>
        <identifiers>
          <isin value="US45469NDZ87"/>
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        <balance>870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>932848.45000000</valUSD>
        <pctVal>0.191852271648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHAWANO WI ELEC SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Shawano WI Electric System Revenue</title>
        <cusip>820418AC5</cusip>
        <identifiers>
          <isin value="US820418AC52"/>
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        <balance>1655000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1780228.89000000</valUSD>
        <pctVal>0.366126948702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</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>TRAILS AT CROWFOOT MET DIST #3</name>
        <lei>N/A</lei>
        <title>Trails at Crowfoot Metropolitan District No 3</title>
        <cusip>89286RAR9</cusip>
        <identifiers>
          <isin value="US89286RAR93"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1085619.00000000</valUSD>
        <pctVal>0.223271498488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIVER DELTA CA UNIF SCH DIST S</name>
        <lei>N/A</lei>
        <title>River Delta Unified School District School Facilities Improvement District No 1</title>
        <cusip>768039CB3</cusip>
        <identifiers>
          <isin value="US768039CB36"/>
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        <balance>1565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1544915.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
        <lei>N/A</lei>
        <title>Maine Health &amp; Higher Educational Facilities Authority</title>
        <cusip>56042R8L9</cusip>
        <identifiers>
          <isin value="US56042R8L98"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1094337.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL TRANSIT AUTH SALES</name>
        <lei>N/A</lei>
        <title>Chicago Transit Authority Sales Tax Receipts Fund</title>
        <cusip>16772PCF1</cusip>
        <identifiers>
          <isin value="US16772PCF18"/>
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        <balance>4700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4345016.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANAHEIM CA PUBLIC FING AUTH LE</name>
        <lei>N/A</lei>
        <title>Anaheim Public Financing Authority</title>
        <cusip>03255LBQ1</cusip>
        <identifiers>
          <isin value="US03255LBQ14"/>
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        <balance>6555000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5435328.65000000</valUSD>
        <pctVal>1.117845185525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREEN OH LOCAL SCH DIST SUMMIT</name>
        <lei>N/A</lei>
        <title>Green Local School District/Summit County</title>
        <cusip>393192AP4</cusip>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
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      <invstOrSec>
        <name>BERLIN BORO NJ SCH DIST</name>
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          <maturityDt>2041-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>TEXAS ST PUBLIC FIN AUTH REVEN</name>
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          <isin value="US88277PBD69"/>
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          <maturityDt>2042-05-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>IDAHO ST HSG &amp; FIN ASSN NONPRO</name>
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        <title>Idaho Housing &amp; Finance Association</title>
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          <maturityDt>2042-05-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>VIROQUA WI AREA SCH DIST</name>
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          <maturityDt>2041-03-01</maturityDt>
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        <name>ONTARIO CA MONTCLAIR SCH DIST</name>
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        <name>GRAND RAPIDS MI PUBLIC SCHS</name>
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          <maturityDt>2028-05-01</maturityDt>
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        <name>PHILADELPHIA PA SCH DIST</name>
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          <maturityDt>2027-09-01</maturityDt>
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        <name>ILLINOIS ST</name>
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        <name>DE SMET SD SCH DIST #38-2</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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      <invstOrSec>
        <name>UNIV OF SOUTH ALABAMA AL UNIV</name>
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        <name>STHRN ILLINOIS ST UNIV</name>
        <lei>N/A</lei>
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          <isin value="US843146D730"/>
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          <maturityDt>2025-04-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>SAINT LOUIS MO MUNI FIN CORP</name>
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          <isin value="US79165TUB50"/>
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        <curCd>USD</curCd>
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        <name>LAGUNA SALADA CA UNION SCH DIS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <title>Harris County Municipal Utility District No 457</title>
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        <name>NASSAU CNTY NY</name>
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      <invstOrSec>
        <name>FORT BEND CNTY TX MUNI UTILITY</name>
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        <name>INMAN CAMPOBELLO WTR DIST SC</name>
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        <name>CHICAGO IL BRD OF EDU DEDICATE</name>
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      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
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        <name>CALIFORNIA CMNTY CHOICE FING A</name>
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        <name>LEHIGH CNTY PA GEN PURPOSE HOS</name>
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        <cusip>838536LZ1</cusip>
        <identifiers>
          <isin value="US838536LZ10"/>
        </identifiers>
        <balance>1305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1252908.84000000</valUSD>
        <pctVal>0.257676803903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GTR ASHEVILLE REGL ARPT AUTH N</name>
        <lei>N/A</lei>
        <title>Greater Asheville Regional Airport Authority</title>
        <cusip>39160CBJ5</cusip>
        <identifiers>
          <isin value="US39160CBJ53"/>
        </identifiers>
        <balance>1405000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1502149.43000000</valUSD>
        <pctVal>0.308936334193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROOKINGS SD SCH DIST #5-1</name>
        <lei>N/A</lei>
        <title>Brookings School District No 005-1</title>
        <cusip>113664LT1</cusip>
        <identifiers>
          <isin value="US113664LT10"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>840628.80000000</valUSD>
        <pctVal>0.172886115523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAVENPORT IA CMNTY SCH DISTS S</name>
        <lei>N/A</lei>
        <title>Davenport Community School District Infrastructure Sales Services &amp; Use Tax</title>
        <cusip>23841QBN6</cusip>
        <identifiers>
          <isin value="US23841QBN60"/>
        </identifiers>
        <balance>3395000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3295784.18000000</valUSD>
        <pctVal>0.677820370281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CNTY TX MUNI UTILITY DI</name>
        <lei>N/A</lei>
        <title>Harris County Municipal Utility District No 423</title>
        <cusip>41429KDN9</cusip>
        <identifiers>
          <isin value="US41429KDN90"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>367602.62000000</valUSD>
        <pctVal>0.075602202813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MET WASHINGTON DC ARPTS AUTH D</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</title>
        <cusip>592643DQ0</cusip>
        <identifiers>
          <isin value="US592643DQ06"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>836356.35000000</valUSD>
        <pctVal>0.172007431276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST DES MOINES IA</name>
        <lei>N/A</lei>
        <title>City of West Des Moines IA</title>
        <cusip>952531JE2</cusip>
        <identifiers>
          <isin value="US952531JE21"/>
        </identifiers>
        <balance>1235000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>876731.69000000</valUSD>
        <pctVal>0.180311138805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</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>LOUISIANA ST LOCAL GOVT ENVRNM</name>
        <lei>5493004WIZ1HV87IVF85</lei>
        <title>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</title>
        <cusip>5462828H0</cusip>
        <identifiers>
          <isin value="US5462828H06"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2083599.40000000</valUSD>
        <pctVal>0.428518992656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CUYAHOGA CNTY OH HOSP REVENUE</name>
        <lei>549300GHDK9DGLUNJU89</lei>
        <title>County of Cuyahoga OH</title>
        <cusip>2322655J3</cusip>
        <identifiers>
          <isin value="US2322655J35"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>513548.40000000</valUSD>
        <pctVal>0.105617827999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRANDON SD WTR SURCHARGE REVEN</name>
        <lei>N/A</lei>
        <title>City of Brandon SD Water Utility Revenue</title>
        <cusip>10530AAR6</cusip>
        <identifiers>
          <isin value="US10530AAR68"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1089002.40000000</valUSD>
        <pctVal>0.223967338178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RENO NV CAPITAL IMPT REVENUE</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>City of Reno NV</title>
        <cusip>759831CZ1</cusip>
        <identifiers>
          <isin value="US759831CZ11"/>
        </identifiers>
        <balance>1050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1003249.91000000</valUSD>
        <pctVal>0.206331236616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>FLAGLER CNTY FL SCH BRD</name>
        <lei>N/A</lei>
        <title>Flagler County School District</title>
        <cusip>33840MDF0</cusip>
        <identifiers>
          <isin value="US33840MDF05"/>
        </identifiers>
        <balance>3750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4103914.88000000</valUSD>
        <pctVal>0.844022833911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAINE HLTH &amp; HGR EDUCTNL FACS</name>
        <lei>N/A</lei>
        <title>Maine Health &amp; Higher Educational Facilities Authority</title>
        <cusip>56042R8J4</cusip>
        <identifiers>
          <isin value="US56042R8J43"/>
        </identifiers>
        <balance>1180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1303546.47000000</valUSD>
        <pctVal>0.268091083250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>2025-03-25</ncom:dateSigned>
      <ncom:nameOfApplicant>New York Life Investments 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>
