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      <invstOrSec>
        <name>Mississippi Development Bank</name>
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          <isin value="US60534TSY28"/>
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      <invstOrSec>
        <name>City of Orange Township NJ</name>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US927781YP36"/>
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        <valUSD>25156.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Cleveland OH Airport System Revenue</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-01-01</maturityDt>
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      <invstOrSec>
        <name>State of New York</name>
        <lei>N/A</lei>
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          <isin value="US649791AM27"/>
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        <curCd>USD</curCd>
        <valUSD>25146.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-02-01</maturityDt>
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      <invstOrSec>
        <name>County of Harnett NC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Novi Community School District</name>
        <lei>N/A</lei>
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        <cusip>670029SA6</cusip>
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          <isin value="US670029SA62"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2021-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Charter School Finance Authority</name>
        <lei>N/A</lei>
        <title>Utah Charter School Finance Authority</title>
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          <isin value="US91754TXL24"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2021-04-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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          <isin value="US938823AQ48"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-09-01</maturityDt>
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        <name>Newport Special School District</name>
        <lei>N/A</lei>
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        <name>Kennett Consolidated School District</name>
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        <name>City of Nashua NH</name>
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        <name>County of King WA Sewer Revenue</name>
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        <name>Clint Independent School District</name>
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        <name>Baraboo School District</name>
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      <invstOrSec>
        <name>City of Frisco TX</name>
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      <invstOrSec>
        <name>District of Columbia</name>
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          <maturityDt>2020-12-01</maturityDt>
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      <invstOrSec>
        <name>Dallas County Utility &amp; Reclamation District</name>
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          <maturityDt>2020-02-15</maturityDt>
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      <invstOrSec>
        <name>New York Local Government Assistance Corp.</name>
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          <isin value="US649876Z855"/>
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          <maturityDt>2020-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Aledo Independent School District</name>
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          <isin value="US014464QZ76"/>
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        <debtSec>
          <maturityDt>2022-02-15</maturityDt>
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      <invstOrSec>
        <name>Pennsylvania Intergovernmental Cooperation Authority</name>
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          <isin value="US708840HY21"/>
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      <invstOrSec>
        <name>Novi Community School District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2019-12-15</maturityDt>
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        <name>City of Gulf Breeze FL</name>
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        <name>Alamo Community College District</name>
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        <name>Las Varas Public Facility Corp.</name>
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        <name>University of Colorado</name>
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        <name>Waukee Community School District</name>
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        <invCountry>US</invCountry>
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        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65821DBZ33"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>State of Ohio</name>
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          <isin value="US677521W776"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Irvington Union Free School District</name>
        <lei>N/A</lei>
        <title>Irvington Union Free School District</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Capital Trust Agency, Inc.</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>Capital Trust Agency, Inc.</title>
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          <isin value="US14052TBW36"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382698.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jennings County School Building Corp.</name>
        <lei>N/A</lei>
        <title>Jennings County School Building Corp.</title>
        <cusip>476160RN8</cusip>
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          <isin value="US476160RN85"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15291.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Town of South Windsor CT</name>
        <lei>N/A</lei>
        <title>Town of South Windsor</title>
        <cusip>840772N94</cusip>
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          <isin value="US840772N941"/>
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        <curCd>USD</curCd>
        <valUSD>50197.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Baytown TX</name>
        <lei>N/A</lei>
        <title>City of Baytown</title>
        <cusip>073186EV6</cusip>
        <identifiers>
          <isin value="US073186EV69"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25074.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
        <lei>N/A</lei>
        <title>City of Atlanta, Water and Wastewater</title>
        <cusip>047870PW4</cusip>
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          <isin value="US047870PW45"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25869.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Broomfield CO</name>
        <lei>N/A</lei>
        <title>City &amp; County of Broomfield</title>
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          <isin value="US114760EP22"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Durham NC</name>
        <lei>N/A</lei>
        <title>County of Durham</title>
        <cusip>266705M33</cusip>
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          <isin value="US266705M336"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20644.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Richland WA</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin</title>
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          <isin value="US977087HN84"/>
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          <maturityDt>2020-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Reynoldsburg OH</name>
        <lei>N/A</lei>
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          <maturityDt>2020-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Silver City Joint Utility System Revenue</name>
        <lei>N/A</lei>
        <title>Silver City Joint Utility System</title>
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          <isin value="US82750RAR12"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2019-12-01</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
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          <isin value="US606092GM01"/>
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          <maturityDt>2020-01-01</maturityDt>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-05-15</maturityDt>
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        <name>San Antonio Water System</name>
        <lei>549300S7VENCVRZAA322</lei>
        <title>City of San Antonio, Water System, Junior Lien</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Hidalgo TX</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority</title>
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          <isin value="US040849BV29"/>
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        <curCd>USD</curCd>
        <valUSD>200624.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45470RCL8</cusip>
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          <isin value="US45470RCL87"/>
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        <valUSD>20000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp.</title>
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          <isin value="US71883RMA85"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25556.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>King County School District No. 401 Highline</name>
        <lei>N/A</lei>
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        <cusip>495033DF6</cusip>
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          <isin value="US495033DF60"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Spartanburg Sanitary Sewer District</name>
        <lei>549300FVRXYUI1JB6W32</lei>
        <title>Spartanburg Sanitary Sewer District</title>
        <cusip>847175HJ8</cusip>
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          <isin value="US847175HJ88"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25203.25000000</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>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Fort Worth TX</name>
        <lei>N/A</lei>
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          <isin value="US349425M399"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55315.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Menomonee Falls WI</name>
        <lei>N/A</lei>
        <title>Village of Menomonee Falls</title>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30203.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Duluth Independent School District No. 709</name>
        <lei>N/A</lei>
        <title>Duluth Independent School District No. 709</title>
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          <isin value="US264474HN05"/>
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        <balance>145000.00000000</balance>
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        <valUSD>145816.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Nebraska Public Power District</name>
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        <balance>50000.00000000</balance>
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        <valUSD>52044.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Borough of Columbia PA</name>
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        <balance>50000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>District of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Pflugerville Independent School District</name>
        <lei>N/A</lei>
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        <name>State of Tennessee</name>
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        <invCountry>US</invCountry>
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        <name>New York State Dormitory Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-03-15</maturityDt>
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        <name>Town of Oyster Bay NY</name>
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        <balance>700000.00000000</balance>
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        <name>Iowa State University of Science &amp; Technology</name>
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        <name>Springfield School District No. R-12</name>
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        <name>County of Hamilton OH Sales Tax Revenue</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>Pennsylvania State University (The)</name>
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      <invstOrSec>
        <name>De Ruyter Central School District/NY</name>
        <lei>N/A</lei>
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          <isin value="US25007RBZ29"/>
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          <maturityDt>2020-07-10</maturityDt>
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          <annualizedRt>2.25000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
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          <isin value="US67756AT288"/>
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      <invstOrSec>
        <name>County of Crow Wing MN</name>
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          <isin value="US227840HH15"/>
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          <maturityDt>2020-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Onondaga NY</name>
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          <maturityDt>2020-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Abilene TX</name>
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          <maturityDt>2020-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Jennings County School Building Corp.</name>
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        <debtSec>
          <maturityDt>2023-01-15</maturityDt>
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      <invstOrSec>
        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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          <isin value="US574215RD35"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
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      <invstOrSec>
        <name>District of Columbia</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-07-01</maturityDt>
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      <invstOrSec>
        <name>Byron Center Public Schools</name>
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          <maturityDt>2022-05-01</maturityDt>
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        <name>State of Wisconsin</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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          <maturityDt>2020-07-01</maturityDt>
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        <name>Cook County School District No. 81 Schiller Park</name>
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          <maturityDt>2021-12-01</maturityDt>
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        <name>Illinois Municipal Electric Agency</name>
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        <name>Johnson City Health &amp; Educational Facilities Board</name>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
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        <name>City of Bowling Green KY</name>
        <lei>54930080VGM7PSGOKL96</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Conroe Independent School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Charleston Educational Excellence Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US160131CQ93"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Kent MI</name>
        <lei>N/A</lei>
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          <isin value="US4902784Q86"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Urban Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>New York State Urban Development Corp.</title>
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          <isin value="US650035V622"/>
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        <curCd>USD</curCd>
        <valUSD>30332.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Las Vegas Valley Water District</name>
        <lei>N/A</lei>
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          <isin value="US5178406H24"/>
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        <curCd>USD</curCd>
        <valUSD>117194.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maryland Water Quality Financing Administration Revolving Loan Fund</name>
        <lei>N/A</lei>
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        <cusip>57430YBE4</cusip>
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          <isin value="US57430YBE41"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25236.25000000</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>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Tacoma WA Sewer Revenue</name>
        <lei>N/A</lei>
        <title>City of Tacoma</title>
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          <isin value="US873545JZ10"/>
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        <balance>20000.00000000</balance>
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        <valUSD>20000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chippewa Valley Schools</name>
        <lei>N/A</lei>
        <title>Chippewa Valley Schools</title>
        <cusip>170016ZW2</cusip>
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          <isin value="US170016ZW22"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30470.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Duluth Independent School District No. 709</name>
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          <isin value="US264474HQ36"/>
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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>2022-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency, Umass Memorial Health Care Obligated Group</title>
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          <isin value="US57584XJP78"/>
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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>2022-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Ogden City UT</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Grant County Public Utility District No. 2</name>
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          <maturityDt>2022-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <isin value="US45203GAD60"/>
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          <maturityDt>2042-07-01</maturityDt>
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        <name>Township of Dover PA</name>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <title>City of Phoenix Civic Improvement Corp.</title>
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        <name>Monongalia County Building Commission</name>
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        <name>City of Edinburg TX</name>
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      <invstOrSec>
        <name>El Dorado Special School District No. 15</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>County of Onslow NC</name>
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        <name>Shakopee Independent School District No. 720</name>
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        <name>County of Allen OH Hospital Facilities Revenue</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
        <name>DuBois Hospital Authority</name>
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          <maturityDt>2020-02-12</maturityDt>
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      <invstOrSec>
        <name>St. Johns River Power Park</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Rochester MN</name>
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          <maturityDt>2020-12-01</maturityDt>
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        <name>City of El Paso TX Water &amp; Sewer Revenue</name>
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          <maturityDt>2020-03-01</maturityDt>
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        <name>University of Florida Department of Housing &amp; Residence Education Hsg Sys Rev</name>
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          <maturityDt>2020-07-01</maturityDt>
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      <invstOrSec>
        <name>Fox Valley Park District</name>
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          <maturityDt>2019-12-15</maturityDt>
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        <name>Burbank Unified School District</name>
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          <maturityDt>2020-08-01</maturityDt>
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        <name>City of Garland TX</name>
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        <name>Camden County Improvement Authority (The)</name>
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        <name>Niagara-Wheatfield Central School District</name>
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        <name>Red River Authority</name>
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        <name>Clark County School District No. 114 Evergreen</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>State of Minnesota</name>
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        <lei>N/A</lei>
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          <maturityDt>2020-02-01</maturityDt>
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      <invstOrSec>
        <name>North Harris County Regional Water Authority</name>
        <lei>N/A</lei>
        <title>North Harris County Regional Water Authority</title>
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        <valUSD>185233.10000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2019-12-15</maturityDt>
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      <invstOrSec>
        <name>East Aldine Management District</name>
        <lei>N/A</lei>
        <title>East Aldine Management District</title>
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          <isin value="US270424BV58"/>
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        <curCd>USD</curCd>
        <valUSD>45253.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Wake NC</name>
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        <curCd>USD</curCd>
        <valUSD>25076.25000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2021-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Goshen Sewer Authority</name>
        <lei>N/A</lei>
        <title>West Goshen Sewer Authority</title>
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          <isin value="US952870EP48"/>
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        <curCd>USD</curCd>
        <valUSD>95741.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Trunk Highway</title>
        <cusip>604129XD3</cusip>
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          <isin value="US604129XD37"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35898.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Anderson Regional Joint Water System</name>
        <lei>N/A</lei>
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          <isin value="US034073AJ59"/>
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        <curCd>USD</curCd>
        <valUSD>25591.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kittitas County School District No. 401 Ellensburg</name>
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          <isin value="US498260HP62"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of San Antonio TX Electric &amp; Gas Systems Revenue</name>
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          <isin value="US7962533M28"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20122.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Olathe KS</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>25417.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky Association of Counties Finance Corp.</name>
        <lei>N/A</lei>
        <title>Kentucky Association of Counties Finance Corp.</title>
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          <isin value="US491196CW96"/>
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        <valUSD>51026.00000000</valUSD>
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          <maturityDt>2021-02-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>Fort Wayne Redevelopment Authority</name>
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          <isin value="US349288CL23"/>
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          <maturityDt>2022-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York State Urban Development Corp.</name>
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          <maturityDt>2019-12-15</maturityDt>
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        <name>El Paso County School District No. 49 Falcon</name>
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        <name>Parkland School District</name>
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          <maturityDt>2020-04-15</maturityDt>
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        <name>Lower Colorado River Authority</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Anchor Bay School District</name>
        <lei>N/A</lei>
        <title>Anchor Bay School District</title>
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          <isin value="US032879QT83"/>
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        <curCd>USD</curCd>
        <valUSD>50391.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Township of Frelinghuysen NJ</name>
        <lei>N/A</lei>
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        <cusip>357055AB8</cusip>
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          <isin value="US357055AB88"/>
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        <curCd>USD</curCd>
        <valUSD>1979869.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Milwaukee Redevelopment Authority</name>
        <lei>N/A</lei>
        <title>Milwaukee Redevelopment Authority</title>
        <cusip>602418CF0</cusip>
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          <isin value="US602418CF00"/>
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        <curCd>USD</curCd>
        <valUSD>147838.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Town of Amherst NY</name>
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          <isin value="US031303S844"/>
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        <curCd>USD</curCd>
        <valUSD>20000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</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>County of Passaic NJ</name>
        <lei>N/A</lei>
        <title>County of Passaic</title>
        <cusip>702725D66</cusip>
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          <isin value="US702725D665"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100005.00000000</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>2019-12-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88034NSL9</cusip>
        <identifiers>
          <isin value="US88034NSL90"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>750000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.25000100</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Borough of Oakland NJ</name>
        <lei>N/A</lei>
        <title>Borough of Oakland</title>
        <cusip>673496PM1</cusip>
        <identifiers>
          <isin value="US673496PM10"/>
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        <balance>251000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>251158.13000000</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>2019-12-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45471ASG8</cusip>
        <identifiers>
          <isin value="US45471ASG84"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005730.00000000</valUSD>
        <pctVal>0.752730130827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.64999900</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of League City TX</name>
        <lei>N/A</lei>
        <title>City of League City</title>
        <cusip>5217685D9</cusip>
        <identifiers>
          <isin value="US5217685D91"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20112.00000000</valUSD>
        <pctVal>0.015052656668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Huber Heights City School District</name>
        <lei>N/A</lei>
        <title>Huber Heights City School District</title>
        <cusip>443525BM1</cusip>
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          <isin value="US443525BM19"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Lewisville TX</name>
        <lei>N/A</lei>
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          <isin value="US528815EM13"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26161.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minneapolis-St Paul Metropolitan Airports Commission</name>
        <lei>N/A</lei>
        <title>Minneapolis-St Paul Metropolitan Airports Commission, Subordinate Airport</title>
        <cusip>603827TM8</cusip>
        <identifiers>
          <isin value="US603827TM88"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20060.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Richland County School District No. 2/SC</name>
        <lei>N/A</lei>
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          <isin value="US763682YK14"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25155.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montgomery County Public Facilities Corp.</name>
        <lei>N/A</lei>
        <title>Montgomery County Public Facilities Corp.</title>
        <cusip>613476AA8</cusip>
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          <isin value="US613476AA86"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>833353.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Washington MD</name>
        <lei>N/A</lei>
        <title>County of Washington</title>
        <cusip>937751Z65</cusip>
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          <isin value="US937751Z653"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25056.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Municipal Power Agency</name>
        <lei>N/A</lei>
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          <isin value="US882555XL40"/>
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        <balance>255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>262040.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Parkview Health, Series 2017A</title>
        <cusip>45471APR7</cusip>
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          <isin value="US45471APR76"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36194.55000000</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>2020-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Transportation Commission State Highway Fund</name>
        <lei>N/A</lei>
        <title>Texas Transportation Commission State Highway Fund</title>
        <cusip>88283LHY5</cusip>
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          <isin value="US88283LHY56"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35441.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>San Antonio Water System</name>
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        <name>Auburn University</name>
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        <name>State of Washington</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Carrollton-Farmers Branch Independent School District</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>Jackson County Reorganized School District No 7/MO</name>
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        <name>Maryland Community Development Administration Local Government Infrastructure</name>
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        <name>New York State Thruway Authority Highway &amp; Bridge Trust Fund</name>
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          <maturityDt>2020-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <maturityDt>2020-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Yonkers NY</name>
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          <maturityDt>2019-12-17</maturityDt>
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          <annualizedRt>2.25000000</annualizedRt>
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        <name>City of Mesquite TX</name>
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          <maturityDt>2020-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of South Carolina</name>
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          <maturityDt>2020-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Austin Community College District</name>
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          <isin value="US052403FF44"/>
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        <name>Youngstown State University</name>
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          <maturityDt>2019-12-15</maturityDt>
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        <name>Central Weber Sewer Improvement District</name>
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          <maturityDt>2021-03-01</maturityDt>
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        <name>Illinois Finance Authority</name>
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        <name>Austin Community College District</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>South Dakota Board of Regents</name>
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          <maturityDt>2020-04-01</maturityDt>
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        <name>City of Springfield IL Electric Revenue</name>
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        <name>Lancaster Port Authority</name>
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        <name>Montgomery County Industrial Development Authority/PA</name>
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        <name>City of New York NY</name>
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          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>1.18999900</annualizedRt>
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        <name>Northside Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US66702REZ10"/>
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        <name>Humble Independent School District</name>
        <lei>N/A</lei>
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        <name>DuPage &amp; Cook Counties Community Unit School District No. 205 Elmhurst</name>
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        <name>City of Fargo ND</name>
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        <name>Minnetonka Independent School District No. 276</name>
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        <name>Kentucky Housing Corp.</name>
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        <name>Washington State University</name>
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        <name>Pasco County School Board</name>
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        <name>Foothills Park &amp; Recreation District</name>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
        <lei>N/A</lei>
        <title>Florida Higher Educational Facilities Financial Authority</title>
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          <isin value="US34073TFS15"/>
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        <curCd>USD</curCd>
        <valUSD>202394.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Housing Finance Agency</name>
        <lei>EC4EE0PS5OP5O69B5C39</lei>
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        <cusip>65821BAE5</cusip>
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          <isin value="US65821BAE56"/>
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        <valUSD>351312.50000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.00000200</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pierce County School District No. 320 Sumner</name>
        <lei>N/A</lei>
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          <isin value="US720526TW25"/>
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        <curCd>USD</curCd>
        <valUSD>300000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Northampton PA</name>
        <lei>N/A</lei>
        <title>County of Northampton</title>
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          <isin value="US663532HR38"/>
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        <valUSD>20637.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Wake NC</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>County of Wake</title>
        <cusip>930876CH8</cusip>
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          <isin value="US930876CH81"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Capitol Improvement Authority</name>
        <lei>549300LYHYBINTZ5AY71</lei>
        <title>Oklahoma Capitol Improvement Authority</title>
        <cusip>678514AT7</cusip>
        <identifiers>
          <isin value="US678514AT74"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20443.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westchester Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Westchester Tobacco Asset Securitization Corp.</title>
        <cusip>957480AZ9</cusip>
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          <isin value="US957480AZ90"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>272433.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Dallas TX</name>
        <lei>N/A</lei>
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        <cusip>235219LL4</cusip>
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          <isin value="US235219LL43"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25192.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60637ADS87"/>
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        <curCd>USD</curCd>
        <valUSD>55348.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Limestone County Water &amp; Sewer Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Tulsa County Independent School District No. 1 Tulsa</name>
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          <maturityDt>2020-01-01</maturityDt>
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        <name>Glynn-Brunswick Memorial Hospital Authority</name>
        <lei>N/A</lei>
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          <isin value="US380037FP17"/>
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        <name>County of Collier FL</name>
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        <name>County of Clark NV</name>
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        <name>South Alabama Gas District</name>
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          <annualizedRt>3.40000000</annualizedRt>
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        <name>State of Nevada Highway Improvement Revenue</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-12-01</maturityDt>
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        <name>Norris Public Power District</name>
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        <name>State of Arkansas</name>
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      <invstOrSec>
        <name>Manheim Central School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Vancouver WA</name>
        <lei>N/A</lei>
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          <isin value="US921594P763"/>
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        <valUSD>55000.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Prince George's MD</name>
        <lei>549300NSQ1W50I0VU811</lei>
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        <valUSD>40280.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
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          <isin value="US64465PXA10"/>
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        <curCd>USD</curCd>
        <valUSD>25679.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <cusip>93974CNY2</cusip>
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          <isin value="US93974CNY20"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20060.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Ogdensburg NY</name>
        <lei>N/A</lei>
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        <cusip>676482JT0</cusip>
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          <isin value="US676482JT02"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>502320.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Springdale School District No. 50</name>
        <lei>N/A</lei>
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          <isin value="US850272M289"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>509190.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Borough of Chatham NJ</name>
        <lei>N/A</lei>
        <title>Borough of Chatham</title>
        <cusip>161843FX0</cusip>
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          <isin value="US161843FX07"/>
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        <balance>1423750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1431352.83000000</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>2020-05-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Northern California Power Agency</name>
        <lei>549300QYTU4PHD2XHS96</lei>
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        <cusip>664843NV7</cusip>
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          <isin value="US664843NV77"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162156.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20061.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of New Jersey</name>
        <lei>N/A</lei>
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        <balance>105000.00000000</balance>
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        <valUSD>106966.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Fargo ND</name>
        <lei>N/A</lei>
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        <balance>25000.00000000</balance>
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        <valUSD>25288.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Ames IA</name>
        <lei>N/A</lei>
        <title>City of Ames</title>
        <cusip>030807W64</cusip>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20381.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Judson Independent School District</name>
        <lei>N/A</lei>
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        <cusip>481305EB2</cusip>
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          <isin value="US481305EB23"/>
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        <balance>50000.00000000</balance>
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        <valUSD>50231.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Lafayette School Corp.</name>
        <lei>N/A</lei>
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          <isin value="US506336CT14"/>
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        <balance>415000.00000000</balance>
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        <valUSD>420859.80000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-07-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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        <balance>195000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>St Paul Independent School District No. 625</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Seacoast Utility Authority</name>
        <lei>N/A</lei>
        <title>Seacoast Utility Authority</title>
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        <balance>25000.00000000</balance>
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        <valUSD>25237.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>Trinity Area School District</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kentucky Association of Counties Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US491196RC77"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261AXC60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas, Inc.</title>
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          <isin value="US56035DCB64"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority</title>
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          <isin value="US040848BB81"/>
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        <curCd>USD</curCd>
        <valUSD>25036.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
        <lei>5493002ONULJL0FIGU24</lei>
        <title>New Jersey Housing &amp; Mortgage Finance Agency</title>
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          <isin value="US646127EH96"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-08-01</maturityDt>
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          <annualizedRt>2.02000000</annualizedRt>
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      <invstOrSec>
        <name>County of Collin TX</name>
        <lei>N/A</lei>
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          <isin value="US194740ML72"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Montgomery OH</name>
        <lei>N/A</lei>
        <title>County of Montgomery</title>
        <cusip>613549KD5</cusip>
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          <isin value="US613549KD50"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75447.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County TN Electric Revenue</name>
        <lei>N/A</lei>
        <title>Metropolitan Government of Nashville &amp; Davidson County</title>
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          <isin value="US592030ZC72"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30456.30000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Lubbock TX</name>
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        <title>City of Lubbock, Waterworks System</title>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20155.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chambersburg Area School District</name>
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          <isin value="US157882SA09"/>
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        <valUSD>26147.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Loudoun VA</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2019-12-01</maturityDt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <valUSD>20074.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-01</maturityDt>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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        <title>Michigan Finance Authority, Henry Ford Health System</title>
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          <maturityDt>2020-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
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        <title>California Statewide Communities Development Authority</title>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>1.90000100</annualizedRt>
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        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
        <title>New Mexico Finance Authority</title>
        <cusip>64711RJB3</cusip>
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          <isin value="US64711RJB33"/>
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        <balance>25000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-12-15</maturityDt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Jennings County School Building Corp.</name>
        <lei>N/A</lei>
        <title>Jennings County School Building Corp.</title>
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          <isin value="US476160RQ17"/>
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        <balance>40000.00000000</balance>
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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>2022-01-15</maturityDt>
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        <name>County of Nassau NY</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Danville School Building Corp.</name>
        <lei>N/A</lei>
        <title>Danville School Building Corp., Ad Valorem Property Tax, Series 2015B</title>
        <cusip>23656PDJ9</cusip>
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          <isin value="US23656PDJ93"/>
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        <curCd>USD</curCd>
        <valUSD>100438.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Saxe Gotha-Lexington Public Facilities Corp.</name>
        <lei>N/A</lei>
        <title>Saxe Gotha-Lexington Public Facilities Corp.</title>
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          <isin value="US805547AG12"/>
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        <curCd>USD</curCd>
        <valUSD>201154.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Borough of Kinnelon NJ</name>
        <lei>N/A</lei>
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          <isin value="US497062DP19"/>
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        <curCd>USD</curCd>
        <valUSD>909044.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
        <lei>549300FH6KOXGCHQYG81</lei>
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          <isin value="US65821DWH06"/>
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        <curCd>USD</curCd>
        <valUSD>60824.40000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Garnet Valley School District</name>
        <lei>N/A</lei>
        <title>Garnet Valley School District</title>
        <cusip>366268NH9</cusip>
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          <isin value="US366268NH99"/>
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        <curCd>USD</curCd>
        <valUSD>20091.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>City &amp; County Honolulu HI Wastewater System Revenue</name>
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        <title>City &amp; County Honolulu</title>
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          <isin value="US438701A614"/>
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        <curCd>USD</curCd>
        <valUSD>30666.60000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Dare NC</name>
        <lei>N/A</lei>
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          <isin value="US23720ECC21"/>
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        <curCd>USD</curCd>
        <valUSD>26686.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Brownsville TX</name>
        <lei>N/A</lei>
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          <isin value="US116405LL31"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>280576.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Boston MA</name>
        <lei>N/A</lei>
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          <isin value="US100853QR49"/>
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        <balance>25000.00000000</balance>
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        <valUSD>25157.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Alaska</name>
        <lei>N/A</lei>
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          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>County of Webb TX</name>
        <lei>N/A</lei>
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          <isin value="US947440XH12"/>
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          <maturityDt>2020-02-15</maturityDt>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
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        <cusip>64971WUC2</cusip>
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          <isin value="US64971WUC27"/>
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          <maturityDt>2020-02-01</maturityDt>
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        <name>South Regional Joint Development Authority</name>
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          <isin value="US839636CC98"/>
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          <maturityDt>2020-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Bexar TX</name>
        <lei>N/A</lei>
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          <isin value="US088281YF18"/>
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          <maturityDt>2020-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Gwinnett County School District</name>
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        <title>Gwinnett County School District</title>
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          <isin value="US403755U254"/>
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          <maturityDt>2020-02-01</maturityDt>
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        <name>Turlock Irrigation District</name>
        <lei>5493001J7IGC81HEQJ12</lei>
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        <valUSD>20062.40000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-01-01</maturityDt>
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        <name>Dorchester County School District No. 2</name>
        <lei>549300NRXH6F8FYXXH15</lei>
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          <isin value="US258174BS92"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Gallatin County High School District No. 7 Bozeman</name>
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        <name>Urban Redevelopment Authority of Pittsburgh</name>
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        <name>Erie County Conventional Center Authority</name>
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        <name>Elkhart Community Schools Building Corp.</name>
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        <name>University of North Carolina at Chapel Hill</name>
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      <invstOrSec>
        <name>Fishers Industrial Redevelopment District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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          <isin value="US54810C6Q81"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Virginia Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
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      <invstOrSec>
        <name>Tulsa Public Facilities Authority</name>
        <lei>N/A</lei>
        <title>Tulsa Public Facilities Authority</title>
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          <isin value="US899673CP00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
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          <isin value="US19648AWV33"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Fort Mill School District No. 4</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hays Consolidated Independent School District</name>
        <lei>N/A</lei>
        <title>Hays Consolidated Independent School District</title>
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        <valUSD>103489.00000000</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>Variable</couponKind>
          <annualizedRt>2.70000000</annualizedRt>
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      <invstOrSec>
        <name>Delaware River Port Authority</name>
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          <isin value="US246352FL78"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Charter School Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US91754TXM07"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-04-15</maturityDt>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</name>
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        <name>Richardson Independent School District</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Port of Greater Cincinnati Development Authority</name>
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        <name>Ohio Housing Finance Agency</name>
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        <name>Southeastern Pennsylvania Transportation Authority</name>
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        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
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        <name>Memphis Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Northside Independent School District</name>
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          <isin value="US66702RHR66"/>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>City of Hutto TX</name>
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          <maturityDt>2019-12-01</maturityDt>
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        <name>Vinton County Local School District</name>
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        <name>City of Boston MA</name>
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        <name>Pigeon Forge Industrial Development Board</name>
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        <name>Greeneville Health &amp; Educational Facilities Board</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Bastrop Independent School District</name>
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        <name>Durham Housing Authority</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>JPMorgan Institutional Tax Free Money Market Fund</name>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Trinity River Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Michigan Finance Authority</name>
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          <maturityDt>2044-11-15</maturityDt>
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        <name>Erie County Fiscal Stability Authority</name>
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          <maturityDt>2020-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Utah Transit Authority</name>
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          <isin value="US917567BA64"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Katy Independent School District</name>
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        <name>City of Charlotte NC Storm Water Revenue</name>
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        <name>Troy Capital Resource Corp.</name>
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        <name>Railsplitter Tobacco Settlement Authority</name>
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        <name>Spring Branch Independent School District</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>Hamilton Southeastern Consolidated School Building Corp.</name>
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        <name>Garnet Valley School District</name>
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        <name>City of Marysville OH Water System Revenue</name>
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          <maturityDt>2020-08-15</maturityDt>
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        <name>Richland-Lexington Riverbanks Park District/SC</name>
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          <maturityDt>2020-03-01</maturityDt>
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        <name>Regional Transportation District</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Ohio State University (The)</name>
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        <name>Middle Country Central School District At Centereach</name>
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        <name>County of Lee County FL Water &amp; Sewer Revenue</name>
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        <name>King County School District No. 405 Bellevue</name>
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        <name>City of Kent WA Combined Utility System Revenue</name>
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        <name>County of New Hanover NC</name>
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          <maturityDt>2019-12-01</maturityDt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US888808GV82"/>
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        <name>Contra Costa Transportation Authority</name>
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        <name>Oklahoma Turnpike Authority</name>
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          <maturityDt>2020-01-01</maturityDt>
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        <name>Central Plains Energy Project</name>
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        <name>Maryland State Transportation Authority</name>
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        <name>City of Cleveland OH Airport System Revenue</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Fort Worth Independent School District</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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      <invstOrSec>
        <name>Lafayette Township School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Huber Heights City School District</name>
        <lei>N/A</lei>
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          <isin value="US443525AZ31"/>
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        <curCd>USD</curCd>
        <valUSD>25000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-12-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of King WA Sewer Revenue</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Walton County District School Board</name>
        <lei>N/A</lei>
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          <isin value="US93340LCF22"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Mecklenburg NC</name>
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          <isin value="US584002RP60"/>
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        <curCd>USD</curCd>
        <valUSD>25000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Greenville County School District</name>
        <lei>N/A</lei>
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          <isin value="US396066CX85"/>
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        <curCd>USD</curCd>
        <valUSD>350000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
        <lei>N/A</lei>
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        <cusip>88034M5D4</cusip>
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          <isin value="US88034M5D42"/>
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        <curCd>USD</curCd>
        <valUSD>2000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.25999800</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of Texas System (The)</name>
        <lei>TEHUYFNKZR6XVWLGEU86</lei>
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          <isin value="US9151373D38"/>
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        <curCd>USD</curCd>
        <valUSD>20542.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990FAD69"/>
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        <valUSD>35273.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of West Allis WI</name>
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          <maturityDt>2020-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
        <name>City of Eau Claire WI</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Permanent University Fund - Texas A&amp;M University System</name>
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          <isin value="US882117M270"/>
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        <valUSD>35781.55000000</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>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Village of McCook IL</name>
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          <isin value="US579695DA24"/>
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        <balance>75000.00000000</balance>
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          <maturityDt>2019-12-01</maturityDt>
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        <name>City of Mayer MN</name>
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        <name>County of Cabarrus NC</name>
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      <invstOrSec>
        <name>Cook County School District No. 144 Prairie Hills</name>
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        <name>City of Kansas City MO</name>
        <lei>549300EGAE3I3XU7XE19</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <name>JEA Electric System Revenue</name>
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        <name>University of Cincinnati</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>City of Garland TX Water &amp; Sewer System Revenue</name>
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        <name>Delaware Transportation Authority</name>
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        <name>Bernards Township School District</name>
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        <name>Cuyahoga Metropolitan Housing Authority</name>
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          <maturityDt>2020-02-15</maturityDt>
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        <name>Florida State University Housing Facility Revenue</name>
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          <maturityDt>2020-05-01</maturityDt>
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        <name>State of Minnesota</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Village of Menomonee Falls WI</name>
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        <name>Albuquerque Bernalillo County Water Utility Authority</name>
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        <name>Madison County Public Building Authority</name>
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        <name>District of Columbia Housing Finance Agency</name>
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        <name>Onslow Water &amp; Sewer Authority</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>East Porter County School Building Corp.</name>
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        <name>County of Clark Department of Aviation</name>
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        <name>City of Tallahassee FL Energy System Revenue</name>
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          <isin value="US874476HN74"/>
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        <valUSD>113487.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lafayette School Corp.</name>
        <lei>N/A</lei>
        <title>Lafayette School Corp.</title>
        <cusip>506336CU8</cusip>
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          <isin value="US506336CU86"/>
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        <curCd>USD</curCd>
        <valUSD>435803.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kennett Consolidated School District</name>
        <lei>N/A</lei>
        <title>Kennett Consolidated School District</title>
        <cusip>489645RV5</cusip>
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          <isin value="US489645RV59"/>
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        <curCd>USD</curCd>
        <valUSD>20113.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Bridgeton NJ</name>
        <lei>N/A</lei>
        <title>City of Bridgeton</title>
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          <isin value="US108493GX91"/>
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        <curCd>USD</curCd>
        <valUSD>655109.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pennsylvania Housing Finance Agency</name>
        <lei>549300JZVUPNWP77SP29</lei>
        <title>Pennsylvania Housing Finance Agency</title>
        <cusip>70879QEE9</cusip>
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          <isin value="US70879QEE98"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257246.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.40000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Clive IA</name>
        <lei>N/A</lei>
        <title>City of Clive</title>
        <cusip>188864YG1</cusip>
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          <isin value="US188864YG10"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75045.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Pipestone MN</name>
        <lei>N/A</lei>
        <title>City of Pipestone</title>
        <cusip>724122TB2</cusip>
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          <isin value="US724122TB20"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80231.20000000</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>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
        <title>Chattanooga Health Educational &amp; Housing Facility Board</title>
        <cusip>162410CY8</cusip>
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          <isin value="US162410CY83"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>224078.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bowling Green State University</name>
        <lei>N/A</lei>
        <title>Bowling Green State University, Series 2017B</title>
        <cusip>102885HX1</cusip>
        <identifiers>
          <isin value="US102885HX16"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35641.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank</title>
        <cusip>45528S6Z4</cusip>
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          <isin value="US45528S6Z45"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20060.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Paris TX</name>
        <lei>N/A</lei>
        <title>City of Paris</title>
        <cusip>699891MP9</cusip>
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          <isin value="US699891MP99"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31016.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida Lottery Revenue</name>
        <lei>N/A</lei>
        <title>State of Florida Lottery</title>
        <cusip>341507L58</cusip>
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          <isin value="US341507L584"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71567.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Tomball Independent School District</name>
        <lei>N/A</lei>
        <title>Tomball Independent School District</title>
        <cusip>889855YQ9</cusip>
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          <isin value="US889855YQ95"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25142.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Escambia County Housing Finance Authority</name>
        <lei>N/A</lei>
        <title>Escambia County Housing Finance Authority</title>
        <cusip>296122VZ4</cusip>
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          <isin value="US296122VZ43"/>
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        <balance>100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc.</title>
        <cusip>02765UDH4</cusip>
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          <isin value="US02765UDH41"/>
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        <balance>120000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Water Development Authority</name>
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        <title>Ohio Water Development Authority Water Pollution Control Loan Fund</title>
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          <isin value="US67766WQC90"/>
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        <balance>25000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Jennings County School Building Corp.</name>
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        <title>Jennings County School Building Corp.</title>
        <cusip>476160QN9</cusip>
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          <isin value="US476160QN94"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2021-01-15</maturityDt>
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      <invstOrSec>
        <name>North Dakota Housing Finance Agency</name>
        <lei>549300DVQAGW0B16JX70</lei>
        <title>North Dakota Housing Finance Agency</title>
        <cusip>658909UD6</cusip>
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          <isin value="US658909UD65"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
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          <annualizedRt>1.75000000</annualizedRt>
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        <name>Village of Sussex WI</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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          <maturityDt>2020-05-15</maturityDt>
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        <name>Montgomery County Industrial Development Authority/PA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-01</maturityDt>
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      <invstOrSec>
        <name>Travis County Health Facilities Development Corp.</name>
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          <isin value="US89438LCB27"/>
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          <maturityDt>2040-11-01</maturityDt>
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      <invstOrSec>
        <name>Jennings County School Building Corp.</name>
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          <isin value="US476160QQ26"/>
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          <maturityDt>2022-01-15</maturityDt>
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      <invstOrSec>
        <name>Houston Community College System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-02-15</maturityDt>
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      <invstOrSec>
        <name>City of Manitowoc WI</name>
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          <maturityDt>2023-02-01</maturityDt>
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        <name>Metro Wastewater Reclamation District</name>
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          <maturityDt>2020-04-01</maturityDt>
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        <name>Utah Associated Municipal Power Systems</name>
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        <name>Town of Watertown NY</name>
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        <name>University of Alaska</name>
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        <name>New York Municipal Bond Bank Agency</name>
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        <name>Indiana Health Facility Financing Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Bloomington Independent School District No. 271</name>
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        <name>Minnesota Rural Water Finance Authority, Inc.</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
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        <name>City of Boston MA</name>
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      <invstOrSec>
        <name>Clint Independent School District</name>
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        <name>Missouri Development Finance Board</name>
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        <name>Vermont Municipal Bond Bank</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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          <maturityDt>2020-02-01</maturityDt>
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        <name>Department of Veterans Affairs Veteran's Farm &amp; Home Purchase Program</name>
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        <name>Columbia School District/MO</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Hollidaysburg Area School District</name>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Skagit County Public Hospital District No. 2</name>
        <lei>N/A</lei>
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          <maturityDt>2019-12-01</maturityDt>
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      <invstOrSec>
        <name>Indiana Municipal Power Agency</name>
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          <maturityDt>2020-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990EDA29"/>
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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>2019-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Milwaukee WI</name>
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        <valUSD>150000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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        <cusip>207758NE9</cusip>
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          <isin value="US207758NE95"/>
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        <curCd>USD</curCd>
        <valUSD>100000.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Wake NC</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Nevada Highway Improvement Revenue</name>
        <lei>N/A</lei>
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          <isin value="US641480GW22"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Department of Transportation</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Valdosta Housing Authority</name>
        <lei>N/A</lei>
        <title>Valdosta Housing Authority</title>
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          <isin value="US919077CL93"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Monroeville Finance Authority</name>
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        <name>County of Hamilton OH</name>
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        <name>New York Municipal Bond Bank Agency</name>
        <lei>N/A</lei>
        <title>New York Municipal Bond Bank Agency</title>
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        <name>University of Florida Department of Housing &amp; Residence Education Housing System Revenue</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Camden County Improvement Authority (The)</name>
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        <name>County of Columbia GA</name>
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        <name>County of Allen OH Hospital Facilities Revenue</name>
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      <invstOrSec>
        <name>Village of McCook IL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Brevard County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Brevard County Health Facilities Authority</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp.</title>
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          <isin value="US718849BD30"/>
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        <curCd>USD</curCd>
        <valUSD>25546.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57583U6T07"/>
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        <curCd>USD</curCd>
        <valUSD>200564.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Milwaukee Redevelopment Authority</name>
        <lei>N/A</lei>
        <title>Milwaukee Redevelopment Authority</title>
        <cusip>60242NFL0</cusip>
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          <isin value="US60242NFL01"/>
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        <curCd>USD</curCd>
        <valUSD>436596.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
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          <isin value="US64711NSP14"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20851.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Newton MA</name>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25147.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hamburg Area School District</name>
        <lei>N/A</lei>
        <title>Hamburg Area School District</title>
        <cusip>406660NN6</cusip>
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          <isin value="US406660NN65"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25311.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Cook IL</name>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50129.50000000</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>2021-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35875.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp.</title>
        <cusip>888808GY2</cusip>
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          <isin value="US888808GY22"/>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
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        <balance>25000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Prince George's MD</name>
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          <maturityDt>2020-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
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          <maturityDt>2020-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Guilford NC</name>
        <lei>549300OUKUGQGH8RCL96</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-03-01</maturityDt>
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        <name>State of Mississippi</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
        <lei>549300ROY505NVTMMI25</lei>
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        <lei>N/A</lei>
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        <name>District of Columbia</name>
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        <name>County of King WA Sewer Revenue</name>
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        <name>Indiana Health Facility Financing Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Floyd County Hospital Authority</name>
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        <name>University of California</name>
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      <invstOrSec>
        <name>Allentown City School District</name>
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      <invstOrSec>
        <name>Hooper Water Improvement District</name>
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          <isin value="US439124AA66"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Collier County School Board</name>
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          <isin value="US194653JK81"/>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
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          <isin value="US594615AZ99"/>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>North Dakota Public Finance Authority</name>
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        <name>Michigan Finance Authority</name>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Ohio</name>
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          <isin value="US677522CD49"/>
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        <curCd>USD</curCd>
        <valUSD>46296.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-09-01</maturityDt>
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      <invstOrSec>
        <name>City of Tallahassee FL</name>
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        <title>City of Tallahassee</title>
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          <isin value="US874485CW36"/>
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        <curCd>USD</curCd>
        <valUSD>495000.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Seattle WA Water System Revenue</name>
        <lei>N/A</lei>
        <title>City of Seattle</title>
        <cusip>812728TJ2</cusip>
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          <isin value="US812728TJ23"/>
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        <curCd>USD</curCd>
        <valUSD>25397.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Jackson MO</name>
        <lei>N/A</lei>
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          <isin value="US467578GR55"/>
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        <curCd>USD</curCd>
        <valUSD>70000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montgomery County Public Building Authority</name>
        <lei>N/A</lei>
        <title>Montgomery County Public Building Authority, Pooled Financing, Tennessee County Loan Pool</title>
        <cusip>613679AD1</cusip>
        <identifiers>
          <isin value="US613679AD13"/>
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        <balance>685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>685000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.18000100</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series A</title>
        <cusip>709222CN1</cusip>
        <identifiers>
          <isin value="US709222CN17"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51283.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina</title>
        <cusip>65825PDA5</cusip>
        <identifiers>
          <isin value="US65825PDA57"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20241.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ball State University</name>
        <lei>N/A</lei>
        <title>Ball State University</title>
        <cusip>058508EB4</cusip>
        <identifiers>
          <isin value="US058508EB40"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20443.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45471AGB2</cusip>
        <identifiers>
          <isin value="US45471AGB26"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>580290.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 1</title>
        <cusip>97705MBX2</cusip>
        <identifiers>
          <isin value="US97705MBX20"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20318.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Fremont NE Combined Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Fremont</title>
        <cusip>357415PC6</cusip>
        <identifiers>
          <isin value="US357415PC69"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75339.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Puget Sound Regional Transit Authority</name>
        <lei>N/A</lei>
        <title>Central Puget Sound Regional Transit Authority</title>
        <cusip>155048CG4</cusip>
        <identifiers>
          <isin value="US155048CG48"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25156.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Village of Menomonee Falls WI</name>
        <lei>N/A</lei>
        <title>Village of Menomonee Falls</title>
        <cusip>5870572H2</cusip>
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          <isin value="US5870572H24"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>264786.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Department of Environmental Protection</name>
        <lei>N/A</lei>
        <title>Florida Department of Environmental Protection</title>
        <cusip>34160WWK6</cusip>
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          <isin value="US34160WWK60"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25551.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2020-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
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        <title>New Mexico Finance Authority</title>
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          <isin value="US64711N3S20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Denton TX Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Denton</title>
        <cusip>249015A99</cusip>
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          <isin value="US249015A998"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Clean Water Trust (The)</name>
        <lei>549300SYPEROLSQU0261</lei>
        <title>Massachusetts Clean Water Trust (The)</title>
        <cusip>57604P4T8</cusip>
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          <isin value="US57604P4T86"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20093.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Midland TX</name>
        <lei>N/A</lei>
        <title>City of Midland</title>
        <cusip>597749G95</cusip>
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          <isin value="US597749G955"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25173.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>State of Rhode Island</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>State of Arkansas</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charleston County School District</name>
        <lei>N/A</lei>
        <title>Charleston County School District</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
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          <isin value="US29270CW840"/>
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        <curCd>USD</curCd>
        <valUSD>26524.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montgomery County Industrial Development Authority/PA</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Annetta TX</name>
        <lei>N/A</lei>
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          <isin value="US03589KAT51"/>
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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>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan State Hospital Finance Authority</name>
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        <valUSD>54471.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clarke County Board of Education/GA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Schoolcraft Community College District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-05-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Kansas City MO Water Revenue</name>
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          <maturityDt>2019-12-01</maturityDt>
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          <maturityDt>2021-04-01</maturityDt>
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        <name>County of Fort Bend TX</name>
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          <maturityDt>2020-03-01</maturityDt>
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        <name>Pierce County School District No. 3 Puyallup</name>
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        <name>Delaware River Port Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>County of Clark NV</name>
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        <name>Beaver County Hospital Authority</name>
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        <name>El Camino Healthcare District</name>
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        <name>Lawrenceville Building Authority</name>
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        <name>Regional Transportation Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <maturityDt>2020-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Alabama Public School &amp; College Authority</name>
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          <maturityDt>2020-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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          <maturityDt>2020-11-15</maturityDt>
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      <invstOrSec>
        <name>County of Skagit WA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Waukesha WI</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority</title>
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          <isin value="US650013T391"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Snohomish County School District No. 15 Edmonds</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2019-12-01</maturityDt>
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          <maturityDt>2019-12-01</maturityDt>
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        <name>Davis School District</name>
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          <isin value="US239019Z478"/>
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          <maturityDt>2020-06-01</maturityDt>
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        <name>Florida Department of Environmental Protection</name>
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        <name>Michigan State Hospital Finance Authority</name>
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        <name>Indiana Health &amp; Educational Facilities Financing Authority</name>
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        <name>Alabama 21st Century Authority</name>
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        <name>City of Spokane WA Water &amp; Wastewater Revenue</name>
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          <maturityDt>2019-12-01</maturityDt>
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        <name>County of Hays TX</name>
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        <invCountry>US</invCountry>
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        <name>Alamo Regional Mobility Authority</name>
        <lei>N/A</lei>
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          <isin value="US011432AE17"/>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Miami-Dade County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Miami-Dade County Health Facilities Authority, Miami Children's Hospital Project</title>
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          <isin value="US59334NCP50"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Charlotte FL</name>
        <lei>N/A</lei>
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          <isin value="US160790BE09"/>
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        <curCd>USD</curCd>
        <valUSD>25587.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bellevue Convention Center Authority</name>
        <lei>N/A</lei>
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          <isin value="US079369BA14"/>
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        <curCd>USD</curCd>
        <valUSD>190000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Texas</name>
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          <isin value="US882723H697"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.21000100</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US45200FEE51"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>181279.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
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          <isin value="US454898TD99"/>
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        <curCd>USD</curCd>
        <valUSD>20817.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Louisiana Gasoline &amp; Fuels Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Louisiana Gasoline &amp; Fuels Tax</title>
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          <isin value="US546475KY97"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40630.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Killeen TX</name>
        <lei>N/A</lei>
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          <isin value="US494134P377"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25638.50000000</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>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76201.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Washington County Industrial Development Authority/PA</name>
        <lei>N/A</lei>
        <title>Washington County Industrial Development Authority, Washington Jefferson College</title>
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          <maturityDt>2020-11-01</maturityDt>
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        <name>State of Wisconsin</name>
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          <maturityDt>2020-05-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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          <maturityDt>2020-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bentonville School District No. 6</name>
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          <maturityDt>2022-06-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Capital Trust Agency, Inc.</name>
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          <isin value="US14052TDE10"/>
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        <name>Pine Bluff School District No. 3</name>
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        <debtSec>
          <maturityDt>2020-02-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Public Finance Authority</name>
        <lei>N/A</lei>
        <title>State of Texas, Public Finance Authority</title>
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          <isin value="US8827567M54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
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        <name>State of Washington</name>
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          <maturityDt>2020-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-09-01</maturityDt>
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        <name>King County Public Hospital District No. 2</name>
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          <maturityDt>2021-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>St Tammany Parish Wide School District No. 12</name>
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          <maturityDt>2020-03-01</maturityDt>
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      <invstOrSec>
        <name>County of Onondaga NY</name>
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          <maturityDt>2020-05-15</maturityDt>
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        <name>Connecticut Housing Finance Authority</name>
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          <maturityDt>2020-05-15</maturityDt>
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          <annualizedRt>1.80000000</annualizedRt>
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        <name>Bryant School District No. 25</name>
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          <maturityDt>2020-02-01</maturityDt>
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        <name>Maryland Stadium Authority</name>
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        <name>Waukee Community School District</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Geauga County Public Library</name>
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        <name>Red River Education Finance Corp.</name>
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        <name>Ithaca School District</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Village of McCook IL</name>
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        <curCd>USD</curCd>
        <valUSD>102208.00000000</valUSD>
        <pctVal>0.076496715034</pctVal>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-12-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Huntsville AL Electric System Revenue</name>
        <lei>N/A</lei>
        <title>City of Huntsville</title>
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          <isin value="US447060FD18"/>
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        <curCd>USD</curCd>
        <valUSD>25000.00000000</valUSD>
        <pctVal>0.018711039017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2019-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Whitehall OH Nontax Revenue</name>
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          <isin value="US965167AB59"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1007400.00000000</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>2020-12-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>County of Fort Bend TX</name>
        <lei>N/A</lei>
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          <isin value="US346766PH54"/>
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        <balance>80000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80753.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Panhandle Regional Housing Finance Agency</name>
        <lei>N/A</lei>
        <title>Panhandle Regional Housing Finance Agency</title>
        <cusip>698487BT1</cusip>
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          <isin value="US698487BT17"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>125258.75000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.00000200</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>Montgomery County Municipal Utility District No. 46</name>
        <lei>N/A</lei>
        <title>Montgomery County Municipal Utility District No. 46</title>
        <cusip>613910SY5</cusip>
        <identifiers>
          <isin value="US613910SY58"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25106.75000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>Houston Community College System</name>
        <lei>549300UWXV516I6N3V90</lei>
        <title>Houston Community College System</title>
        <cusip>442368NA0</cusip>
        <identifiers>
          <isin value="US442368NA03"/>
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        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20283.60000000</valUSD>
        <pctVal>0.015181089240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-15</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>City of Oshkosh WI</name>
        <lei>N/A</lei>
        <title>City of Oshkosh</title>
        <cusip>68825WGC7</cusip>
        <identifiers>
          <isin value="US68825WGC73"/>
        </identifiers>
        <balance>70000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67151.70000000</valUSD>
        <pctVal>0.050259123150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2019-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>J.P. Morgan Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Lauren A. Paino</ncom:signature>
      <ncom:signerName>Lauren A. Paino</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
