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      <invstOrSec>
        <name>Rhode Island Health and Educational Building Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-15</maturityDt>
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      <invstOrSec>
        <name>County of Palm Beach FL</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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          <maturityDt>2026-05-15</maturityDt>
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      <invstOrSec>
        <name>City of Lakeville MN</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Springfield School District No. R-12</name>
        <lei>N/A</lei>
        <title>Springfield School District No. R-12</title>
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          <isin value="US851035VK89"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Melissa Independent School District</name>
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          <isin value="US585488YQ60"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York NY</name>
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          <isin value="US64966SCP92"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County TN Water &amp; Sewer Revenue</name>
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          <isin value="US5920983G05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Gouverneur Central School District</name>
        <lei>N/A</lei>
        <title>Gouverneur Central School District</title>
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          <isin value="US383622DS37"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Midway International Airport</name>
        <lei>N/A</lei>
        <title>Chicago Midway International Airport, Senior Lien, Series 2023A</title>
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          <isin value="US167562RU36"/>
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        <curCd>USD</curCd>
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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>
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        <name>County of Fort Bend TX Toll Road Revenue</name>
        <lei>N/A</lei>
        <title>County of Fort Bend Toll Road, Senior Lien</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Village of Scotia NY</name>
        <lei>N/A</lei>
        <title>Village of Scotia</title>
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          <isin value="US809273DS17"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-06-26</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Texas Public Finance Authority</name>
        <lei>N/A</lei>
        <title>Texas Public Finance Authority, Texas Southern University, Series 2023</title>
        <cusip>88277PAN5</cusip>
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          <isin value="US88277PAN50"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Fiscal Year 2018, Series 2018F-1</title>
        <cusip>64966MZN2</cusip>
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          <isin value="US64966MZN28"/>
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        <balance>105000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Redding Joint Powers Financing Authority</name>
        <lei>N/A</lei>
        <title>Redding Joint Powers Financing Authority, Series 2019A</title>
        <cusip>757288GR0</cusip>
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          <isin value="US757288GR01"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101558.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, White Plains Hospital</title>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1020052.40000000</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>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chautauqua Tobacco Asset Securitization Corp.</name>
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          <isin value="US162564BB36"/>
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      <invstOrSec>
        <name>City of El Paso TX Water &amp; Sewer Revenue</name>
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        <title>City of El Paso Water Sewer, Series 2023</title>
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          <isin value="US283822YB49"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
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          <isin value="US64972JPQ57"/>
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          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saratoga County Capital Resource Corp.</name>
        <lei>N/A</lei>
        <title>Saratoga County Capital Resource Corp., WSWHE Boces Project</title>
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          <isin value="US80349LAJ44"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
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        <title>Washington State Housing Finance Commission, Seattle Academy of Arts and Science Project, Series 2023</title>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Auburn School District No. 408 of King &amp; Pierce Counties</name>
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          <isin value="US494619FG96"/>
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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>2036-12-01</maturityDt>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
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          <isin value="US56035DGT37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Maricopa County School District No. 3 Tempe Elementary</name>
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        <title>Maricopa County School District No. 3, Tempe Elementary, School Improvement, Project of 2016, Series 2017A</title>
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          <isin value="US566880WE60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
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        <name>Arizona Board of Regents</name>
        <lei>N/A</lei>
        <title>Arizona Board of Regents, State University</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania, Series 2024B</title>
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        <name>Smithtown Central School District</name>
        <lei>N/A</lei>
        <title>Smithtown Central School District</title>
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          <isin value="US832492ZC99"/>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <name>County of Warren OH</name>
        <lei>N/A</lei>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <name>New York State Energy Research &amp; Development Authority</name>
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        <debtSec>
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      <invstOrSec>
        <name>Mansfield Independent School District</name>
        <lei>N/A</lei>
        <title>Mansfield Independent School District, Unlimited Tax</title>
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        <name>Des Moines Independent Community School District Sales Services &amp; Use Tax Rev</name>
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        <name>Palm Beach County Health Facilities Authority</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>University of Oklahoma (The)</name>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax Revenue</name>
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        <name>Pennsylvania Turnpike Commission</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oklahoma Capitol Improvement Authority</name>
        <lei>549300LYHYBINTZ5AY71</lei>
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          <isin value="US678514DW76"/>
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        <valUSD>1402174.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp., Yes Prep Public School, Inc., Series 2023</title>
        <cusip>187145RW9</cusip>
        <identifiers>
          <isin value="US187145RW95"/>
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        <curCd>USD</curCd>
        <valUSD>278059.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Walton County Water &amp; Sewer Authority</name>
        <lei>N/A</lei>
        <title>Walton County Water and Sewer Authority, Hard Labor Creek Reservoir Water Treatment Facility Project</title>
        <cusip>93342PFA9</cusip>
        <identifiers>
          <isin value="US93342PFA93"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113517.29000000</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>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Jackson State University Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Jackson State University Educational Building Corp., Series 2021A</title>
        <cusip>468714FG0</cusip>
        <identifiers>
          <isin value="US468714FG03"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5018968.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.40000000</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>Selma Industrial Development Board</name>
        <lei>N/A</lei>
        <title>Selma Industrial Development Board, International Paper Co. Projects, Series 2019A</title>
        <cusip>81647PAG8</cusip>
        <identifiers>
          <isin value="US81647PAG81"/>
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        <balance>1575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1565201.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.45000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2024B</title>
        <cusip>452153JX8</cusip>
        <identifiers>
          <isin value="US452153JX83"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1849854.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</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>Indiana Housing &amp; Community Development Authority</name>
        <lei>549300QRKDYVNHT1OE86</lei>
        <title>Indiana Housing and Community Development Authority, Vita of New Whiteland Project</title>
        <cusip>45506CBH9</cusip>
        <identifiers>
          <isin value="US45506CBH97"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>917541.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Board of Governors of Colorado State University System</name>
        <lei>549300MAE3RAIIEIQV71</lei>
        <title>Board of Governors of Colorado State University System, Series 2017C</title>
        <cusip>196707S20</cusip>
        <identifiers>
          <isin value="US196707S201"/>
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        <balance>4770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4812293.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Industries Authority</name>
        <lei>N/A</lei>
        <title>Oklahoma Industries Authority, Oklahoma County Independent School District No. 89 Oklahoma City, Series 2024</title>
        <cusip>67910FAH7</cusip>
        <identifiers>
          <isin value="US67910FAH73"/>
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        <balance>8545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9509643.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Municipal Rehabilitation, Series 2019A</title>
        <cusip>64577B6B5</cusip>
        <identifiers>
          <isin value="US64577B6B59"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1706551.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
        <title>New York State Environmental Facilities Corp., State Revolving Funds, Master Financing Program, Series 2025A</title>
        <cusip>64985H4B0</cusip>
        <identifiers>
          <isin value="US64985H4B04"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>570052.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp., Brightline Florida Passenger Rail Project</title>
        <cusip>340618DU8</cusip>
        <identifiers>
          <isin value="US340618DU88"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1236192.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Glendale Union High School District No. 205</name>
        <lei>N/A</lei>
        <title>Glendale Union High School District No. 205, Arizona School Improvement Project of 2024, Series 2024A</title>
        <cusip>378334QL3</cusip>
        <identifiers>
          <isin value="US378334QL38"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1137426.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bell County Water Control &amp; Improvement District No. 1</name>
        <lei>N/A</lei>
        <title>Bell County Water Control and Improvement District No. 1, Series 2024</title>
        <cusip>078043QN9</cusip>
        <identifiers>
          <isin value="US078043QN91"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1056386.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Series 2015E-1</title>
        <cusip>59261AM53</cusip>
        <identifiers>
          <isin value="US59261AM532"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2300000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.85000175</annualizedRt>
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        <name>Philadelphia Gas Works Co.</name>
        <lei>549300H8UJ7V5WU5IA90</lei>
        <title>Philadelphia Gas Works Co., 1998 General Ordinance, Series 17A</title>
        <cusip>71783MCU7</cusip>
        <identifiers>
          <isin value="US71783MCU71"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1390942.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Miami-Dade County Housing Finance Authority</name>
        <lei>N/A</lei>
        <title>Miami-Dade County Housing Finance Authority, Running Brook Apartments, Series 202</title>
        <cusip>593344BT0</cusip>
        <identifiers>
          <isin value="US593344BT05"/>
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        <balance>1525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1527634.59000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Port of Los Angeles</name>
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      <invstOrSec>
        <name>City of Fort Worth TX Water &amp; Sewer System Revenue</name>
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          <isin value="US3495152K17"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allegheny County Sanitary Authority</name>
        <lei>N/A</lei>
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          <isin value="US017357P406"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US63610FBE51"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <isin value="US4521522R15"/>
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        <curCd>USD</curCd>
        <valUSD>1042576.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
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        <title>Main Street Natural Gas, Inc., Gas Supply, Series 2023E, Subseries E-1</title>
        <cusip>56035DGB2</cusip>
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          <isin value="US56035DGB29"/>
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        <curCd>USD</curCd>
        <valUSD>4528307.64000000</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>2031-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
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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>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oklahoma Water Resources Board</name>
        <lei>5493007CUNXW5UX11C71</lei>
        <title>Oklahoma Water Resources Board, Clean Water Program, Series 2025A</title>
        <cusip>67919PWX7</cusip>
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          <isin value="US67919PWX76"/>
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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>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Summit OH</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Hawaii Airports System Revenue</name>
        <lei>N/A</lei>
        <title>State of Hawaii Airports System, Series 2025C</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of San Antonio TX</name>
        <lei>549300S7VENCVRZAA322</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Dakota Housing Development Authority</name>
        <lei>549300G853EK61667C18</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>City of Aliso Viejo CA</name>
        <lei>N/A</lei>
        <title>City of Aliso Viejo</title>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>JEA Electric System Revenue</name>
        <lei>N/A</lei>
        <title>JEA Electric System, Series 2024A- 3</title>
        <cusip>46613SSE1</cusip>
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          <isin value="US46613SSE18"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Florida Tourism Oversight District</name>
        <lei>549300DLSKH6SZ96KV94</lei>
        <title>Central Florida Tourism Oversight District, Series 2016A</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project, Series 2023A</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, School Districts Financing Program, Series 2025A</title>
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        <balance>3500000.00000000</balance>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60637ATR31"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Casino Reinvestment Development Authority, Inc.</name>
        <lei>N/A</lei>
        <title>Casino Reinvestment Development Authority, Inc., Luxury Tax, Series 2024B</title>
        <cusip>14760RBT7</cusip>
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          <isin value="US14760RBT77"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Village of Bolingbrook IL</name>
        <lei>N/A</lei>
        <title>Village of Bolingbrook, Series 2018A</title>
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        <identifiers>
          <isin value="US097552TM50"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners Segments 3 LLC Project, Series 2023</title>
        <cusip>882667CE6</cusip>
        <identifiers>
          <isin value="US882667CE64"/>
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        <balance>2835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2967471.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp., Trinity Basin Preparatory, Inc.</title>
        <cusip>041807BL1</cusip>
        <identifiers>
          <isin value="US041807BL11"/>
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        <curCd>USD</curCd>
        <valUSD>163659.58000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Kahala Nui Project</title>
        <cusip>74442PH40</cusip>
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          <isin value="US74442PH404"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>361365.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of Florida Department of Housing &amp; Residence Education Hsg Sys Rev</name>
        <lei>N/A</lei>
        <title>University of Florida, Department of Housing and Residence Education Housing System, Series 2021A</title>
        <cusip>34157TCZ7</cusip>
        <identifiers>
          <isin value="US34157TCZ75"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Smithtown Central School District</name>
        <lei>N/A</lei>
        <title>Smithtown Central School District</title>
        <cusip>832492ZD7</cusip>
        <identifiers>
          <isin value="US832492ZD72"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2036142.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>Health and Educational Facilities Authority of the State of Missouri, Lutheran Senior Services Projects</title>
        <cusip>60635H3H0</cusip>
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          <isin value="US60635H3H04"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mission Economic Development Corp.</name>
        <lei>N/A</lei>
        <title>Mission Economic Development Corp., Graphic Packaging International LLC Project</title>
        <cusip>605155BW9</cusip>
        <identifiers>
          <isin value="US605155BW91"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2064-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charleston Educational Excellence Finance Corp.</name>
        <lei>N/A</lei>
        <title>Charleston Educational Excellence Finance Corp., Installment Purchase, Charleston County School District, South Carolina Project, Series 2024</title>
        <cusip>160131EQ7</cusip>
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          <isin value="US160131EQ75"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System, Second Tier, Series 2024C</title>
        <cusip>88283KBZ0</cusip>
        <identifiers>
          <isin value="US88283KBZ03"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5033250.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Santa Fe NM</name>
        <lei>N/A</lei>
        <title>County of Santa Fe, Cresta Ranch Apartments, Series 2024</title>
        <cusip>80189NAD6</cusip>
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          <isin value="US80189NAD66"/>
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        <balance>8000000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.29000000</annualizedRt>
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      <invstOrSec>
        <name>City of Seattle WA Municipal Light &amp; Power Revenue</name>
        <lei>N/A</lei>
        <title>City of Seattle, Municipal Light and Power, Series 2021A</title>
        <cusip>812643WP5</cusip>
        <identifiers>
          <isin value="US812643WP55"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>4362392.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank, Indianapolos Airport Authority, Series 2025B-1</title>
        <cusip>45528VFF1</cusip>
        <identifiers>
          <isin value="US45528VFF13"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Common School, Series 2021B</title>
        <cusip>6775227Y4</cusip>
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          <isin value="US6775227Y48"/>
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        <balance>210000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2031-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Little Elm Independent School District</name>
        <lei>N/A</lei>
        <title>Little Elm Independent School District, Series 2024</title>
        <cusip>5370967W3</cusip>
        <identifiers>
          <isin value="US5370967W37"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5052909.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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        <name>California Statewide Communities Development Authority</name>
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      <invstOrSec>
        <name>North Carolina Housing Finance Agency</name>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <title>Florida Development Finance Corp., GFL Solid Waste Southeast LLC Project, Series 2024A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452153CQ06"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Fort Bend TX Toll Road Revenue</name>
        <lei>N/A</lei>
        <title>County of Fort Bend Toll Road, Senior Lien, Series 2024</title>
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          <isin value="US346817EJ47"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Terrell Independent School District/TX</name>
        <lei>N/A</lei>
        <title>Terrell Independent School District, Kaufman and Hunt Counties, Unlimited Tax</title>
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          <isin value="US881405NP59"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Orlando Utilities Commission</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Redondo Beach Unified School District</name>
        <lei>N/A</lei>
        <title>Redondo Beach Unified School District, Election of 2024, Series 2024A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-08-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Baseline Metropolitan District No. 1</name>
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        <name>City of Lake Havasu City AZ Wastewater System Revenue</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Alvord Unified School District</name>
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        <name>Iowa Finance Authority</name>
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        <title>Iowa Finance Authority, Midwestern Disaster Area, Iowa Fertilizer Co., Project</title>
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        <name>New York State Dormitory Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
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          <isin value="US09182TEN37"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Seminole County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Seminole County Industrial Development Authority, Legacy Pointe at UCF Project</title>
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        <identifiers>
          <isin value="US81669TAD00"/>
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        <curCd>USD</curCd>
        <valUSD>1781578.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>City of Excelsior Springs MO</name>
        <lei>N/A</lei>
        <title>City of Excelsior Springs, Series 2020B</title>
        <cusip>300788CR5</cusip>
        <identifiers>
          <isin value="US300788CR58"/>
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        <curCd>USD</curCd>
        <valUSD>120423.76000000</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>2030-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cedar Rapids Community School District Infrastructure Sales Services &amp; Use Tax</name>
        <lei>N/A</lei>
        <title>Cedar Rapids Community School District Infrastructure Sales Services and Use Tax, Series 2023</title>
        <cusip>150539CS1</cusip>
        <identifiers>
          <isin value="US150539CS17"/>
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        <balance>1045000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1116199.40000000</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>2035-07-01</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 Denver CO Airport System Revenue</name>
        <lei>N/A</lei>
        <title>City and County of Denver, Airport System, Series 2018A</title>
        <cusip>249182LG9</cusip>
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          <isin value="US249182LG93"/>
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        <balance>505000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>517873.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atlanta Urban Residential Finance Authority</name>
        <lei>N/A</lei>
        <title>Atlanta Urban Residential Finance Authority, Multi-Family Housing North Block, Series 2025</title>
        <cusip>04785VBX1</cusip>
        <identifiers>
          <isin value="US04785VBX10"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1522147.80000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <cusip>67756CGB8</cusip>
        <identifiers>
          <isin value="US67756CGB81"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1650803.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Eastern Michigan University Student Housing Project, Series 2022A-1</title>
        <cusip>74444UAN2</cusip>
        <identifiers>
          <isin value="US74444UAN28"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>549553.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
        <title>Michigan Strategic Fund, I-75 Improvement Projects</title>
        <cusip>594698QT2</cusip>
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          <isin value="US594698QT24"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4837662.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, LCRA Transmission Services Corp., Project</title>
        <cusip>54811BT27</cusip>
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          <isin value="US54811BT276"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1971075.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Plano Independent School District</name>
        <lei>N/A</lei>
        <title>Plano Independent School District, Unlimited Tax</title>
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          <isin value="US727199F891"/>
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        <balance>2000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Horry County School District/SC</name>
        <lei>N/A</lei>
        <title>Horry County School District, Series 2015A</title>
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          <isin value="US440673G709"/>
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        <balance>5000000.00000000</balance>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Philadelphia Energy Authority (The)</name>
        <lei>N/A</lei>
        <title>Philadelphia Energy Authority (The), Philadelphia Street Lighting Project, Series 2023A</title>
        <cusip>71780UAN0</cusip>
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          <isin value="US71780UAN00"/>
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        <balance>2185000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Rome Building Authority</name>
        <lei>N/A</lei>
        <title>Rome Building Authority, Rome City School Project, Series 2023</title>
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          <isin value="US776000AR20"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Philadelphia PA Airport Revenue</name>
        <lei>N/A</lei>
        <title>City of Philadelphia, Airport System, Series 2017B</title>
        <cusip>717817UH1</cusip>
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          <isin value="US717817UH17"/>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025</title>
        <cusip>64972JTB4</cusip>
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          <isin value="US64972JTB43"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2043-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Hawaii Department of Budget &amp; Finance</name>
        <lei>N/A</lei>
        <title>State of Hawaii Department of Budget and Finance, The Queen's Health Systems</title>
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          <isin value="US419800QS95"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2060-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.40000055</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2025, Series 2025AA,Subseries2AA1</title>
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          <isin value="US64972GK298"/>
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      <invstOrSec>
        <name>Charleston Educational Excellence Finance Corp.</name>
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      <invstOrSec>
        <name>Virginia Port Authority</name>
        <lei>N/A</lei>
        <title>Virginia Port Authority</title>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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          <maturityDt>2037-07-15</maturityDt>
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        <name>Michigan Finance Authority</name>
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        <title>Michigan Finance Authority, Public Lighting Authority Refunding Local Project</title>
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          <isin value="US59447UAR14"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp., John F. Kennedy International Airport New Terminal One Project</title>
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        <name>University of Kentucky</name>
        <lei>549300CXE3YQ1HXYCQ71</lei>
        <title>University of Kentucky, Healthcare Cancer Center Parking Projects</title>
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      <invstOrSec>
        <name>Colorado Springs School District No. 11 Facilities Corp.</name>
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        <invCountry>US</invCountry>
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        <name>Pennsylvania Housing Finance Agency</name>
        <lei>549300JZVUPNWP77SP29</lei>
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        <name>City &amp; County of Honolulu HI</name>
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        <name>Melissa Independent School District</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>Central Plains Energy Project</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
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          <isin value="US154872AY18"/>
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        <name>City of Mansfield TX</name>
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        <name>County of Lake IL</name>
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        <name>South Jersey Transportation Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Oklahoma County Independent School District No. 89 Oklahoma City</name>
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      <invstOrSec>
        <name>Colorado Housing and Finance Authority</name>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Glen Rose Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US377856JZ31"/>
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        <name>Idaho Health Facilities Authority</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southeast Overtown Park West Community Redevelopment Agency</name>
        <lei>N/A</lei>
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          <isin value="US841466AV72"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US8371515R69"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Wake NC</name>
        <lei>5493007XQJHO082P1H29</lei>
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          <isin value="US930876JH19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rhode Island Health and Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp., Brynt University Issue, Series 2024</title>
        <cusip>762197T92</cusip>
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          <isin value="US762197T926"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
        <title>Knox County Health Educational and Housing Facility Board, University of Tennessee Project, Series 2024A-1</title>
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          <isin value="US499526AR24"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Kissimmee FL</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax, Series 2023A</title>
        <cusip>207758P80</cusip>
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          <isin value="US207758P801"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Fairfax County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Fairfax County Industrial Development Authority</title>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Springfield MO Public Utility Revenue</name>
        <lei>NDLRXEC1F2GZZETPKO45</lei>
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          <isin value="US851018KY61"/>
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        <name>Allegheny County Airport Authority</name>
        <lei>N/A</lei>
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          <isin value="US01728LHD73"/>
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        <name>Finance Authority of Maine</name>
        <lei>N/A</lei>
        <title>Finance Authority of Maine, Casella Waste System, Inc., Project</title>
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          <isin value="US56042CAZ86"/>
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        <name>Peace River Manasota Regional Water Supply Authority</name>
        <lei>N/A</lei>
        <title>Peace River Manasota Regional Water Supply Authority, Utility System, Series 2025A</title>
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          <isin value="US704612GK07"/>
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        <name>Grand Parkway Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Grand Parkway Transportation Corp., Grand Parkway System Subordinate Tier, Series 2020C</title>
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          <isin value="US38611TCC99"/>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Union County Hospital Facility Authority</name>
        <lei>N/A</lei>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>Salt Verde Financial Corp.</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Lockhart Independent School District/TX</name>
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        <name>Patriots Energy Group Financing Agency</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>Minnesota Municipal Gas Agency</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Public Finance Authority</name>
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        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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        <name>Chicago O'Hare International Airport</name>
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        <name>City of Albuquerque NM Gross Receipts Tax Revenue</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-09-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp., Lifeschool of Dallas, Series 2024</title>
        <cusip>041807LK2</cusip>
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          <isin value="US041807LK28"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Mexico Finance Authority</name>
        <lei>549300L6217Y7X40SP94</lei>
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        <cusip>64711RMB9</cusip>
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          <isin value="US64711RMB95"/>
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        <curCd>USD</curCd>
        <valUSD>104835.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Clark Department of Aviation</name>
        <lei>549300LDD8NZB2EOVG83</lei>
        <title>County of Clark Department of Aviation, Jet Aviation Fuel tax, Series 2022A</title>
        <cusip>18085PSZ8</cusip>
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          <isin value="US18085PSZ89"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407567.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Midway International Airport</name>
        <lei>N/A</lei>
        <title>Chicago Midway International Airport, Senior Lien, Series 2023A</title>
        <cusip>167562SG3</cusip>
        <identifiers>
          <isin value="US167562SG33"/>
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        <balance>1335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1393626.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Municipal Improvement Corp. of Los Angeles</name>
        <lei>549300ZJ0YLTZNSR8F57</lei>
        <title>Municipal Improvement Corp. of Los Angeles, Real Property, Series 2016B</title>
        <cusip>544587H50</cusip>
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          <isin value="US544587H506"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2976669.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Air Quality Development Authority</name>
        <lei>549300DZUU80AYOR6M80</lei>
        <title>Ohio Air Quality Development Authority, American Electric Power Co. Project, Series 2005C</title>
        <cusip>677525WX1</cusip>
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          <isin value="US677525WX14"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4009786.40000000</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>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports, International Airport Subordinate, Series 2021A</title>
        <cusip>544445SU4</cusip>
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          <isin value="US544445SU46"/>
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        <balance>1240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1266339.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-15</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, Rose-Hulman Institute of Technology Project</title>
        <cusip>45506EBF9</cusip>
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          <isin value="US45506EBF97"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>472600.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Waco TX</name>
        <lei>N/A</lei>
        <title>City of Waco, Series 2024</title>
        <cusip>929831ZS7</cusip>
        <identifiers>
          <isin value="US929831ZS79"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1920377.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Harris County-Houston Sports Authority</name>
        <lei>N/A</lei>
        <title>Harris County-Houston Sports Authority, Senior Lien, Series 2024A</title>
        <cusip>413890GN8</cusip>
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          <isin value="US413890GN88"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3766961.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Customer Facility Charge Senior Lien, Series 2023</title>
        <cusip>1675933Z3</cusip>
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          <isin value="US1675933Z31"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>881094.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Glendale AZ Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>City of Glendale Water and Sewer, Senior Lien</title>
        <cusip>378352SR0</cusip>
        <identifiers>
          <isin value="US378352SR03"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>425754.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, University of Nevada Reno Project, Series 2023A</title>
        <cusip>63610FBM7</cusip>
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          <isin value="US63610FBM77"/>
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        <balance>1075000.00000000</balance>
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        <valUSD>990737.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Fiscal Year 2018, Series B-4</title>
        <cusip>64966MSB6</cusip>
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          <isin value="US64966MSB62"/>
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        <balance>4360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4360000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.85000175</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System, First Tier, Series 2024B</title>
        <cusip>88283KBQ0</cusip>
        <identifiers>
          <isin value="US88283KBQ04"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1616537.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia College Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia College Building Authority Educational Facilities, 21St Century College and Equipment Programs, Series 2023A</title>
        <cusip>92778WRM0</cusip>
        <identifiers>
          <isin value="US92778WRM00"/>
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        <balance>1385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1348374.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Transportation System</title>
        <cusip>64613CEU8</cusip>
        <identifiers>
          <isin value="US64613CEU80"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1305675.50000000</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>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Mississippi Development Bank</name>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority, The Penndot Major Bridges</title>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, Adventist Health System, Series 2024A</title>
        <cusip>13032UT65</cusip>
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        <valUSD>6337533.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <title>Knox County Health Educational and Housing Facility Board, University of Tennessee Project, Series 2024A-1</title>
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        <name>North Dakota Housing Finance Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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        <name>West Virginia Economic Development Authority</name>
        <lei>549300WW88TKKF5H1220</lei>
        <title>West Virginia Economic Development Authority, Solid Waste Disposal Facilities, Commercial Metal Co. Project</title>
        <cusip>95648VBV0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chattanooga Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
        <title>Chattanooga Health Educational and Housing Facility Board, CommonSpirit Health, Series 2019A-1</title>
        <cusip>162410EJ9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Charlotte NC</name>
        <lei>5493001QNY6JJFWHQ568</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Kentucky Public Energy Authority</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>Kentucky Public Energy Authority, Gas Supply, Series 2024B</title>
        <cusip>74440DFC3</cusip>
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          <isin value="US74440DFC39"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Lower Colorado River Authority</name>
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        <name>Miami Beach Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Miami Beach Redevelopment Agency, City Center Historic Convention Village</title>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
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        <name>Nebraska Educational Health Cultural &amp; Social Services Finance Authority</name>
        <lei>N/A</lei>
        <title>Nebraska Educational Health Cultural and Social Services Finance Authority, Immanuel Retirement Communities Obligated Group, Series 2019A</title>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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      <invstOrSec>
        <name>Allegheny County Airport Authority</name>
        <lei>N/A</lei>
        <title>Allegheny County Airport Authority, Pittsburgh International Airport, Series 2023A</title>
        <cusip>01728LHE5</cusip>
        <identifiers>
          <isin value="US01728LHE56"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1018099.40000000</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>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Illinois Municipal Electric Agency</name>
        <lei>N/A</lei>
        <title>Illinois Municipal Electric Agency, Power Supply System</title>
        <cusip>452024JN3</cusip>
        <identifiers>
          <isin value="US452024JN33"/>
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        <balance>7500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8385273.00000000</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>2033-02-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Plano Independent School District</name>
        <lei>N/A</lei>
        <title>Plano Independent School District, Unlimited Tax</title>
        <cusip>727199E31</cusip>
        <identifiers>
          <isin value="US727199E316"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3298404.90000000</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>2030-02-15</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>
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      <invstOrSec>
        <name>North Carolina Housing Finance Agency</name>
        <lei>EC4EE0PS5OP5O69B5C39</lei>
        <title>North Carolina Housing Finance Agency, Homeownership-1998 Trust, Series 55-C</title>
        <cusip>65820BBB1</cusip>
        <identifiers>
          <isin value="US65820BBB18"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3000504.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.20000000</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>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
        <title>Indiana Municipal Power Agency, Power Supply System, Series 2025A</title>
        <cusip>454898YJ0</cusip>
        <identifiers>
          <isin value="US454898YJ05"/>
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        <balance>1355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1523237.21000000</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>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Long Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="USZ5COM"/>
          <other otherDesc="Future Ticker" value="USZ5 Comdty"/>
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        <balance>260.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>7685.60000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>United States of America</issuerName>
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                  <ticker value="USZ5 Comdty"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Second General Resolution, Fiscal Year 2025, Series 2025DD</title>
        <cusip>64972GP73</cusip>
        <identifiers>
          <isin value="US64972GP735"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1697156.25000000</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>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Florida Department of Children &amp; Families</name>
        <lei>N/A</lei>
        <title>Florida Department of Children and Families, Evaluation Treatment Center Financing Corp. Project, Series 2021B</title>
        <cusip>34160ECG7</cusip>
        <identifiers>
          <isin value="US34160ECG70"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226645.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority Parking System Revenue</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority, Senior Insured, Capitol Region Parking System, Series 2024A</title>
        <cusip>70870EES4</cusip>
        <identifiers>
          <isin value="US70870EES46"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1146902.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
        <lei>N/A</lei>
        <title>Shelby County Health Educational and Housing Facilities Board, Baptism Memorial Health Obligated Group, Series 2024B</title>
        <cusip>821691AC6</cusip>
        <identifiers>
          <isin value="US821691AC66"/>
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        <balance>2950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3146641.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, National Charter School Revolving Loan Fund, Series 2020A</title>
        <cusip>04052FBR5</cusip>
        <identifiers>
          <isin value="US04052FBR55"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>185363.52000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Michigan Trunk Line Revenue</name>
        <lei>N/A</lei>
        <title>State of Michigan Trunk Line, Series 2021A</title>
        <cusip>5946952T4</cusip>
        <identifiers>
          <isin value="US5946952T44"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>134855.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, School Facilities Construction, Series 2024SSS</title>
        <cusip>64577XET9</cusip>
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          <isin value="US64577XET90"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1019045.60000000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Henrico VA Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>County of Henrico Water and Sewer</title>
        <cusip>426170QC3</cusip>
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          <isin value="US426170QC33"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109362.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency, Utah Power Supply, Series 2023A</title>
        <cusip>45884AF24</cusip>
        <identifiers>
          <isin value="US45884AF243"/>
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        <balance>1190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1267698.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago, Series 2025A</title>
        <cusip>167486U72</cusip>
        <identifiers>
          <isin value="US167486U724"/>
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        <balance>1110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1130035.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fayette County Development Authority</name>
        <lei>N/A</lei>
        <title>Fayette County Development Authority, United States Soccer Federation, Inc. Project, Series 2024</title>
        <cusip>31222PAR2</cusip>
        <identifiers>
          <isin value="US31222PAR29"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1645898.40000000</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>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
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          <isin value="US613603YV55"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
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          <maturityDt>2029-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>North Ridgeville City School District</name>
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        <curCd>USD</curCd>
        <valUSD>1326333.13000000</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>2061-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Delaware State Economic Development Authority, St. Andrews School Project</title>
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        <name>Ohio Water Development Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
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        <title>Michigan Finance Authority, Public Lighting Authority Refunding Local Project</title>
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        <name>Indiana Finance Authority</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority, Hybar Steel Project, Series 2023A</title>
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        <name>Golden State Tobacco Securitization Corp.</name>
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        <name>Nye County School District</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <name>City of New York NY</name>
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        <name>Alvin Independent School District/TX</name>
        <lei>N/A</lei>
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        <name>Orlando Utilities Commission</name>
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      <invstOrSec>
        <name>Alaska Industrial Development &amp; Export Authority</name>
        <lei>N/A</lei>
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          <isin value="US011903GD79"/>
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          <maturityDt>2034-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Joaquin Valley Clean Energy Authority</name>
        <lei>254900VA5DFN33OVGH87</lei>
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        <cusip>79811YAK4</cusip>
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          <isin value="US79811YAK47"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
        <lei>N/A</lei>
        <title>Town of Queen Creek Excise Tax</title>
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          <isin value="US74823YHD04"/>
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        <valUSD>5034905.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Westchester County Local Development Corp.</name>
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        <cusip>95737TFB7</cusip>
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          <isin value="US95737TFB70"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Montgomery County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Montgomery County Industrial Development Authority, Constellation Energy Generation, Series 2023A</title>
        <cusip>61361TAA9</cusip>
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          <isin value="US61361TAA97"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-04-03</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency, Utah Power Supply, Series 2023A</title>
        <cusip>45884AE74</cusip>
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          <isin value="US45884AE741"/>
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        <balance>1465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1606581.56000000</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority, Adventist Health System, Series 2025A</title>
        <cusip>19648FZQ0</cusip>
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          <isin value="US19648FZQ08"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5472018.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Dakota Public Finance Authority</name>
        <lei>N/A</lei>
        <title>North Dakota Public Finance Authority, State Revolving Fund Program, Series 2024A</title>
        <cusip>65887PZD0</cusip>
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          <isin value="US65887PZD04"/>
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        <balance>2160000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Vinton-Tecumseh School Building Corp.</name>
        <lei>N/A</lei>
        <title>Vinton-Tecumseh School Building Corp., Ad Valorem Property Tax</title>
        <cusip>927557NR5</cusip>
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          <isin value="US927557NR54"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Series 2023A</title>
        <cusip>04052FDW2</cusip>
        <identifiers>
          <isin value="US04052FDW23"/>
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        <balance>1505000.00000000</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>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, KSU Bixby Real Estate Foundation LLC Project, Series 2025B</title>
        <cusip>74439YFW6</cusip>
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          <isin value="US74439YFW66"/>
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        <balance>160000.00000000</balance>
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        <valUSD>169803.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Mexico Mortgage Finance Authority</name>
        <lei>N/A</lei>
        <title>New Mexico Mortgage Finance Authority, Mountain View II &amp; III Apartments Project</title>
        <cusip>64719HEQ9</cusip>
        <identifiers>
          <isin value="US64719HEQ92"/>
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        <balance>5095000.00000000</balance>
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        <valUSD>5094786.52000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.97000000</annualizedRt>
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        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>New York City Housing Development Corp., Multi-Family Mortgage, 8 Spruce Street Project, Series 2024, Class F</title>
        <cusip>64966TGX6</cusip>
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          <isin value="US64966TGX63"/>
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        <balance>5300000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas, Inc., Gas Supply, Series 2023D</title>
        <cusip>56035DFT4</cusip>
        <identifiers>
          <isin value="US56035DFT46"/>
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        <balance>3500000.00000000</balance>
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        <valUSD>3720951.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District, Electric System, Series 2016A</title>
        <cusip>682001EZ1</cusip>
        <identifiers>
          <isin value="US682001EZ17"/>
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        <balance>1075000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Adams and Arapahoe Counties Joint School District 28J Aurora</name>
        <lei>N/A</lei>
        <title>Adams and Arapahoe Counties Joint School District 28J Aurora</title>
        <cusip>0054824T8</cusip>
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          <isin value="US0054824T89"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>Public Finance Authority</name>
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          <maturityDt>2028-11-15</maturityDt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Melissa Independent School District</name>
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        <name>Cumberland County Industrial Facilities &amp; Pollution Control Financing Authority</name>
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        <name>Minnesota Housing Finance Agency</name>
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        <name>Delaware River Port Authority</name>
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        <name>Chicago Midway International Airport</name>
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        <name>University of Arkansas</name>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. IV</name>
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        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
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        <name>Southern Illinois University</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>West Virginia Hospital Finance Authority</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Rhode Island Housing &amp; Mortgage Finance Corp.</name>
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        <name>Energy Northwest</name>
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        <name>City of Dallas Housing Finance Corp.</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Guam Government Waterworks Authority</name>
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        <name>Pierce County School District No. 416 White River</name>
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        <name>Indio Finance Authority</name>
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        <name>New York City Health and Hospitals Corp.</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>City of Meriden CT</name>
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          <maturityDt>2043-06-15</maturityDt>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>State of Colorado</name>
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        <name>Capital Trust Authority</name>
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        <name>State of Hawaii Airports System Revenue</name>
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        <name>Cedar Hill Independent School District</name>
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        <name>North Carolina Housing Finance Agency</name>
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        <name>California Community Choice Financing Authority</name>
        <lei>549300X8VKJ215S2R571</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp., Kipp NYC Public School Facilities - Canal West Project</title>
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        <name>Saratoga County Capital Resource Corp.</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp., Legacy Midtown Park Project</title>
        <cusip>64542UHM9</cusip>
        <identifiers>
          <isin value="US64542UHM99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>986961.50000000</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>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Tobacco Securitization Authority of Northern California</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Northern California, Sacramento County Tobacco Securitization Corp., Series 2021A, Class 1</title>
        <cusip>888794BN3</cusip>
        <identifiers>
          <isin value="US888794BN34"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117112.00000000</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>2032-06-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Palm Beach County Health Facilities Authority, Jupiter Medical Center</title>
        <cusip>69651ACZ5</cusip>
        <identifiers>
          <isin value="US69651ACZ57"/>
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        <balance>4250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4108013.03000000</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>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Permanent University Fund - University of Texas System</name>
        <lei>N/A</lei>
        <title>Permanent University Fund - University of Texas System, Series 2025A</title>
        <cusip>915130BY3</cusip>
        <identifiers>
          <isin value="US915130BY35"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2269148.60000000</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>2035-07-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Middleton Community Development District A</name>
        <lei>N/A</lei>
        <title>Middleton Community Development District A, City of Wildwood, Florida Special Assessment</title>
        <cusip>596681AC0</cusip>
        <identifiers>
          <isin value="US596681AC09"/>
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        <balance>245000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>257381.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pennsylvania Turnpike Commission</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
        <title>Pennsylvania Turnpike Commission, Series A-1</title>
        <cusip>709224YV5</cusip>
        <identifiers>
          <isin value="US709224YV50"/>
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        <balance>60000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>62589.72000000</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>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Weslaco Independent School District</name>
        <lei>N/A</lei>
        <title>Weslaco Independent School District, Unlimited Tax, Series 2024</title>
        <cusip>950885WD1</cusip>
        <identifiers>
          <isin value="US950885WD13"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>875112.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</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>
        <name>Knox County Health Educational &amp; Housing Facility Board</name>
        <lei>N/A</lei>
        <title>Knox County Health Educational and Housing Facility Board, University of Tennessee Project, Series 2024A-1</title>
        <cusip>499526AH4</cusip>
        <identifiers>
          <isin value="US499526AH42"/>
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        <balance>435000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>461329.25000000</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>2037-07-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Casino Reinvestment Development Authority, Inc.</name>
        <lei>N/A</lei>
        <title>Casino Reinvestment Development Authority, Inc., Luxury Tax, Series 2024A</title>
        <cusip>14760RBB6</cusip>
        <identifiers>
          <isin value="US14760RBB69"/>
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        <balance>700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>749452.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</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 Buckeye AZ Excise Tax Revenue</name>
        <lei>N/A</lei>
        <title>City of Buckeye, Excise Tax</title>
        <cusip>118087FA8</cusip>
        <identifiers>
          <isin value="US118087FA82"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1750677.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority, Covenant Living Communities and Services, Series 2025A</title>
        <cusip>19648FZE7</cusip>
        <identifiers>
          <isin value="US19648FZE77"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1088231.40000000</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>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dublin City School District</name>
        <lei>N/A</lei>
        <title>Dublin City School District, Ohio School Facilities Unlimited Tax, Series 2024B</title>
        <cusip>26371GYQ7</cusip>
        <identifiers>
          <isin value="US26371GYQ71"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>712387.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Franklin Township-Marion County Multiple School Building Corp.</name>
        <lei>N/A</lei>
        <title>Franklin Township-Marion County Multiple School Building Corp., Valorem Property Tax First Mortgage, Series 2024</title>
        <cusip>355137FY1</cusip>
        <identifiers>
          <isin value="US355137FY17"/>
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        <balance>1375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1490167.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>Missouri Joint Municipal Electric Utility Commission, Plum Point Project, Series 2024</title>
        <cusip>606092PT5</cusip>
        <identifiers>
          <isin value="US606092PT52"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Public Building Authority</name>
        <lei>N/A</lei>
        <title>Virginia Public Building Authority, Series 2015A</title>
        <cusip>928172K38</cusip>
        <identifiers>
          <isin value="US928172K382"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5003520.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Natural Resources, Series 2017V</title>
        <cusip>677522VH4</cusip>
        <identifiers>
          <isin value="US677522VH42"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36939.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</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>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018B</title>
        <cusip>888808HT2</cusip>
        <identifiers>
          <isin value="US888808HT28"/>
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        <balance>8825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8481524.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
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          <isin value="US56042SDT42"/>
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        <name>State of Nevada Department of Business &amp; Industry</name>
        <lei>N/A</lei>
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          <isin value="US641455AB65"/>
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      <invstOrSec>
        <name>Energy Southeast A Cooperative District</name>
        <lei>2549001SMMZ81MXBXZ89</lei>
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          <isin value="US292723AK96"/>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Inhouse Sedol" value="UXYZ5CM"/>
          <other otherDesc="Future Ticker" value="UXYZ5 Comdty"/>
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              <counterpartyName>CME Clearing House</counterpartyName>
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      <invstOrSec>
        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US667826DU25"/>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington Motor Vehicle Fuel Tax, Series R-2025E</title>
        <cusip>93974FAW3</cusip>
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          <isin value="US93974FAW32"/>
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        <balance>6860000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Frisco Independent School District</name>
        <lei>N/A</lei>
        <title>Frisco Independent School District, Unlimited Tax</title>
        <cusip>35880C2Y9</cusip>
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          <isin value="US35880C2Y90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Eskaton Properties, Inc. Obligated Group, Series 2024</title>
        <cusip>13048VY51</cusip>
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          <isin value="US13048VY513"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Kentucky Economic Development Finance Authority, Baptist Healthcare System Obligated Group, Series 2017B</title>
        <cusip>49126KKP5</cusip>
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        <name>Geisinger Authority</name>
        <lei>N/A</lei>
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        <name>Michigan State Hospital Finance Authority</name>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
        <title>State of Washington Motor Vehicle Fuel Tax, Series 2025C</title>
        <cusip>93974E5W2</cusip>
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          <isin value="US93974E5W20"/>
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        <balance>5040000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency, Utah Power Supply</title>
        <cusip>45884AK85</cusip>
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        <name>Housing Options, Inc.</name>
        <lei>N/A</lei>
        <title>Housing Options, Inc., The Culbreath</title>
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          <maturityDt>2045-11-01</maturityDt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <cusip>97712JMS9</cusip>
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        <name>County of Miami-Dade FL</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>County of Miami-Dade, Jackson Health System</title>
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        <name>JEA Water &amp; Sewer System Revenue</name>
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        <title>JEA Water and Sewer System, Series 2024A</title>
        <cusip>46615SFP8</cusip>
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        <invCountry>US</invCountry>
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        <securityLending>
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      <invstOrSec>
        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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          <isin value="US452252QS16"/>
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        <balance>2360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2543690.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Washington Health Care Facilities Authority, Fred Hutchinson Cancer Research Center, Series 2024A</title>
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          <isin value="US97712JLE19"/>
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        <curCd>USD</curCd>
        <valUSD>3472128.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <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., Junior Lien, Wastewater System, Series 2023</title>
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          <isin value="US71883PMK02"/>
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        <balance>1870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1968201.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Three Rivers Regional Wastewater Authority</name>
        <lei>N/A</lei>
        <title>Three Rivers Regional Wastewater Authority, Series 2024</title>
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          <isin value="US885754AN13"/>
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        <balance>1275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1381821.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Board of Regents</name>
        <lei>N/A</lei>
        <title>Arizona Board of Regents, State University</title>
        <cusip>040664NJ9</cusip>
        <identifiers>
          <isin value="US040664NJ98"/>
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        <balance>2735000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3110040.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Centerpointjoliet Terminal, Series 2020</title>
        <cusip>45203PAB0</cusip>
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          <isin value="US45203PAB04"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2640893.48000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority, Drinking Water Assistance, Series 2024A</title>
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          <isin value="US67765QPG54"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1411933.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts State College Building Authority</name>
        <lei>N/A</lei>
        <title>Massachusetts State College Building Authority, Series 2017D</title>
        <cusip>575831DD1</cusip>
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          <isin value="US575831DD16"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47003.49000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Tennessee</name>
        <lei>N/A</lei>
        <title>State of Tennessee, Series 2023A</title>
        <cusip>880541J40</cusip>
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          <isin value="US880541J402"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5457264.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas State Affordable Housing Corp.</name>
        <lei>N/A</lei>
        <title>Texas State Affordable Housing Corp., Juniper Creek Apartments Project, Series 2023</title>
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          <isin value="US88271FFP36"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3023028.30000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
        <title>Washington Health Care Facilities Authority, Fred Hutchinson Cancer Research Center, Series 2025A</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Public Lighting Authority Refunding Local Project</title>
        <cusip>59447UAS9</cusip>
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          <isin value="US59447UAS96"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Diego County Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>San Diego County Regional Airport Authority, Senior Private Activity</title>
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          <isin value="US79739GRD06"/>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&amp;D Redevelopment Project</title>
        <cusip>650116CN4</cusip>
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          <isin value="US650116CN46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</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., Series 2018A</title>
        <cusip>888808HK1</cusip>
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          <isin value="US888808HK19"/>
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        <balance>8000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8217375.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
        <lei>N/A</lei>
        <title>Great Lakes Water Authority Sewage Disposal System, Second Lien, Series 2023A</title>
        <cusip>39081HER9</cusip>
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          <isin value="US39081HER93"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, Winston Salem Sustainable Energy Partners, Series 2025A</title>
        <cusip>63607YCQ1</cusip>
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          <isin value="US63607YCQ17"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Customer Facility Charge Senior Lien, Series 2023</title>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Massachusetts Development Finance Agency</name>
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      <invstOrSec>
        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582RK473"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Bryan TX Waterworks &amp; Sewer Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Maine Turnpike Authority</name>
        <lei>N/A</lei>
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          <isin value="US560551RU92"/>
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        <curCd>USD</curCd>
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          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Township of Hampton PA</name>
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        <curCd>USD</curCd>
        <valUSD>612878.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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          <isin value="US93978LJM90"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>Wyoming Community Development Authority</name>
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          <isin value="US98322QE785"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Suffolk Regional Off-Track Betting Corp.</name>
        <lei>N/A</lei>
        <title>Suffolk Regional Off-Track Betting Co.</title>
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        <identifiers>
          <isin value="US86480TAC80"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
        <title>Buckeye Tobacco Settlement Financing Authority, Series 2020A-2, Class 1</title>
        <cusip>118217CT3</cusip>
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          <isin value="US118217CT38"/>
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        <balance>2600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2460926.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Baldwin County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Baldwin County Industrial Development Authority, Novelis Corp., Project, Series 2025A</title>
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          <isin value="US05786PAA12"/>
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        <valUSD>10014251.00000000</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>2055-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Meriden CT</name>
        <lei>N/A</lei>
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          <isin value="US5895355L36"/>
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        <balance>790000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency, Boston Medical Center Issue, Series 2023G</title>
        <cusip>57584Y4R7</cusip>
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          <isin value="US57584Y4R76"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>795911.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
        <lei>549300ROY505NVTMMI25</lei>
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        <cusip>87638QSG5</cusip>
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          <isin value="US87638QSG54"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-15</maturityDt>
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        <name>City of Atlanta GA Airport Passenger Facility Charge</name>
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        <cusip>04780TDL5</cusip>
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          <isin value="US04780TDL52"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Kentucky State Property &amp; Building Commission</name>
        <lei>N/A</lei>
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          <isin value="US49151F4T49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Trinity River Authority</name>
        <lei>N/A</lei>
        <title>Trinity River Authority of Texas, Livingston Regional Water Supply System Project, Series 2023</title>
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          <isin value="US896560XU83"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oklahoma Housing Finance Agency</name>
        <lei>N/A</lei>
        <title>Oklahoma Housing Finance Agency, Home Ownership Loan Program, Series 2025A</title>
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          <isin value="US67886MW886"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Centerpointjoliet Terminal</title>
        <cusip>45203PAD6</cusip>
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          <isin value="US45203PAD69"/>
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        <balance>2500000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Trinity River Authority</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Water Project</title>
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          <isin value="US89657PGT49"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60618.55000000</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>2026-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990KFV0</cusip>
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          <isin value="US64990KFV08"/>
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        <balance>2820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2659661.57000000</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>2040-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chicago IL Waterworks Revenue</name>
        <lei>N/A</lei>
        <title>City of Chicago, Waterworks, Second Lien, Series 2001</title>
        <cusip>167736SJ7</cusip>
        <identifiers>
          <isin value="US167736SJ72"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5880095.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oklahoma Water Resources Board</name>
        <lei>5493007CUNXW5UX11C71</lei>
        <title>Oklahoma Water Resources Board, State Loan Program, Series 2023A</title>
        <cusip>67920QY69</cusip>
        <identifiers>
          <isin value="US67920QY690"/>
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        <balance>3720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3465874.15000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority Water Pollution Control Loan Fund, Series 2024C</title>
        <cusip>67766WQ21</cusip>
        <identifiers>
          <isin value="US67766WQ212"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1250000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.89999945</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Power Generation Agency</name>
        <lei>N/A</lei>
        <title>Public Power Generation Agency, Whelan Energy Center Unit 2, Series 2024A</title>
        <cusip>744434EZ0</cusip>
        <identifiers>
          <isin value="US744434EZ04"/>
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        <balance>1430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1513026.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Decatur IL</name>
        <lei>N/A</lei>
        <title>City of Decatur</title>
        <cusip>243127VN4</cusip>
        <identifiers>
          <isin value="US243127VN44"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>131628.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, State Sales Tax, Series 2024B</title>
        <cusip>64990AWV3</cusip>
        <identifiers>
          <isin value="US64990AWV33"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3036024.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
        <title>Children's Trust Fund, Tobacco Settlement Asset-Backed, Series 2005A</title>
        <cusip>16876QBJ7</cusip>
        <identifiers>
          <isin value="US16876QBJ76"/>
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        <balance>17050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3283954.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Idaho Health Facilities Authority</name>
        <lei>549300X43KY1C2WW0J97</lei>
        <title>Idaho Health Facilities Authority, St. Luke's Health System Project, Series 2025B</title>
        <cusip>451295H51</cusip>
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          <isin value="US451295H515"/>
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        <balance>8295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9007967.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Municipality of Anchorage AK</name>
        <lei>N/A</lei>
        <title>Municipality of Anchorage, Series 2024A</title>
        <cusip>033252BE6</cusip>
        <identifiers>
          <isin value="US033252BE66"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1977436.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Union County Hospital Facility Authority</name>
        <lei>N/A</lei>
        <title>Union County Hospital Facility Authority, Grande Ronde Hospital, Inc., Series 2022</title>
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          <isin value="US906420BQ66"/>
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        <balance>300000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Los Angeles CA Wastewater System Revenue</name>
        <lei>N/A</lei>
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        <cusip>53945CMD9</cusip>
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          <isin value="US53945CMD91"/>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
        <title>California Municipal Finance Authority, Multi-Family Housing, View At San Bruno, Series 2024A-1</title>
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          <isin value="US130483HC75"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Series 2009BB-2</title>
        <cusip>64972FWL6</cusip>
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          <isin value="US64972FWL65"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
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          <annualizedRt>3.89999945</annualizedRt>
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      <invstOrSec>
        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
        <lei>N/A</lei>
        <title>Chicago Transit Authority Sales Tax Receipts Fund, Series 2024A</title>
        <cusip>16772PEP7</cusip>
        <identifiers>
          <isin value="US16772PEP71"/>
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        <balance>8250000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Kansas Department of Transportation</name>
        <lei>5493001635XK841MIO47</lei>
        <title>State of Kansas Department of Transportation, Series 2025A</title>
        <cusip>485424UB9</cusip>
        <identifiers>
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        <balance>2010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2132095.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Iowa Tobacco Settlement Authority</name>
        <lei>N/A</lei>
        <title>Iowa Tobacco Settlement Authority, Subordinate Senior Capital Appreciation Asset Backed, Series 2021-B-2, Class 2</title>
        <cusip>888805CJ5</cusip>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, KIPP NYC Public Charter Schools Jerome Facility Project, Series 2021B</title>
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        <name>Commonwealth of Massachusetts</name>
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          <isin value="US57582R2Q85"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Allegheny County Sanitary Authority</name>
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          <isin value="US017357P810"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lower Alabama Gas District (The)</name>
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          <isin value="US547804AD60"/>
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      <invstOrSec>
        <name>City of Valparaiso IN</name>
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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>Southern Illinois University</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Francisco City &amp; County Airport Comm-San Francisco International Airport</name>
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        <cusip>79766DGF0</cusip>
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          <isin value="US79766DGF06"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Denver City &amp; County School District No. 1</name>
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          <isin value="US249174YV99"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Government of Nashville &amp; Davidson County TN Water &amp; Sewer Revenue</name>
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        <name>Petaluma Public Financing Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>Central Texas Turnpike System</name>
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        <name>City of West Palm Beach FL Utility System Revenue</name>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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        <name>Indiana State University</name>
        <lei>5493004D3AY6L1VGGU46</lei>
        <title>Indiana State University, Housing and Dining System</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Virginia College Building Authority</name>
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          <maturityDt>2033-02-01</maturityDt>
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        <name>City of New York NY</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
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        <name>City of Detroit MI</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Oregon</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Saratoga County Capital Resource Corp.</name>
        <lei>N/A</lei>
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          <isin value="US80349LAH87"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Academies of Math and Science Projects</title>
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        <name>Waxahachie Independent School District</name>
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        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>Virginia Small Business Financing Authority, Senior Lien, Elizabeth River Crossing Opco, LLC Project</title>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Mason County School District No. 309 Shelton</name>
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        <name>Illinois Finance Authority</name>
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        <name>TSASC, Inc.</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>City of El Paso TX Water &amp; Sewer Revenue</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Lower Colorado River Authority</name>
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        <name>Tarrant County College District</name>
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        <name>Development Authority of Monroe County (The)</name>
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        <name>Indiana Finance Authority</name>
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        <name>Energy Northwest</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Bartow County Development Authority</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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      <invstOrSec>
        <name>Georgetown Independent School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kentucky State Property &amp; Building Commission</name>
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          <isin value="US49151F3D06"/>
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          <maturityDt>2030-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Community Choice Financing Authority</name>
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          <isin value="US13013JFS06"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maryland Community Development Administration</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
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          <annualizedRt>3.30000000</annualizedRt>
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      <invstOrSec>
        <name>Suffolk Regional Off-Track Betting Corp.</name>
        <lei>N/A</lei>
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          <isin value="US86480TAB08"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal Year 2025, Series 2025F, Subseries F-1</title>
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          <isin value="US64972JQC52"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2263858.00000000</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>2035-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Seminole County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Seminole County Industrial Development Authority, Legacy Pointe at UCF Project, Series 2019A</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Capital Projects Finance Authority/FL</name>
        <lei>N/A</lei>
        <title>Capital Projects Finance Authority, Student Housing, Program Unionwest Properties LLC Project, Series 2024B</title>
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          <couponKind>Variable</couponKind>
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        <name>State of Texas</name>
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        <title>State of Texas, College Student Loan</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority</name>
        <lei>5493003476LG35QAKM08</lei>
        <title>New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2024, Series 2024C</title>
        <cusip>64972JCG1</cusip>
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          <isin value="US64972JCG13"/>
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          <maturityDt>2053-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arlington Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp., Lifeschool of Dallas, Series 2024</title>
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          <isin value="US041807LB29"/>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>Franklin Township-Marion County Multiple School Building Corp.</name>
        <lei>N/A</lei>
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        <name>Central Plains Energy Project</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
        <title>Central Plains Energy Project, Gas Project No. 3, Series 2017A</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of San Antonio TX</name>
        <lei>549300S7VENCVRZAA322</lei>
        <title>City of San Antonio</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
        <title>Indiana Municipal Power Agency, Power Supply System, Series 2025A</title>
        <cusip>454898YG6</cusip>
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          <isin value="US454898YG65"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Unified School District No. 60 Higley</name>
        <lei>N/A</lei>
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          <isin value="US56756QAZ37"/>
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      <invstOrSec>
        <name>State of Wisconsin</name>
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          <isin value="US97705MD932"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US13048RAH03"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.95000080</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US64613CGJ18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <name>Missouri Housing Development Commission</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>JEA Electric System Revenue</name>
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          <isin value="US46613SSF82"/>
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        <valUSD>2705585.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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          <isin value="US452153FL81"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382175.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Delaware State Economic Development Authority, Acts Retirement-Life Communities, Inc., Obligated Group, Series 2018B</title>
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        <valUSD>937844.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Albuquerque Municipal School District No. 12</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of New York NY</name>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203087.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Celanese Corp., Series 2016C</title>
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        <balance>1850000.00000000</balance>
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        <valUSD>1851069.67000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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      <invstOrSec>
        <name>Peace River Manasota Regional Water Supply Authority</name>
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          <maturityDt>2047-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
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          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Port of Greater Cincinnati Development Authority</name>
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          <maturityDt>2038-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Public Lighting Authority Refunding Local Project</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Columbia County Hospital Authority/GA</name>
        <lei>N/A</lei>
        <title>Columbia County Hospital Authority, Wellstart Health System Inc., Project, Series 2023B</title>
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          <isin value="US197479AX64"/>
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        <curCd>USD</curCd>
        <valUSD>2066396.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Vinton-Tecumseh School Building Corp.</name>
        <lei>N/A</lei>
        <title>Vinton-Tecumseh School Building Corp., Ad Valorem Property Tax</title>
        <cusip>927557NS3</cusip>
        <identifiers>
          <isin value="US927557NS38"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1267789.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Kahala Nui Project</title>
        <cusip>74442PH99</cusip>
        <identifiers>
          <isin value="US74442PH990"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>260361.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utah Housing Corp.</name>
        <lei>549300YXWQEI0S47WI02</lei>
        <title>Utah Housing Corp., Single Family Mortgage, Series 2025A</title>
        <cusip>917437RU1</cusip>
        <identifiers>
          <isin value="US917437RU11"/>
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        <balance>4975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5581828.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&amp;D Redevelopment Project, Series 2018</title>
        <cusip>650116CK0</cusip>
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          <isin value="US650116CK07"/>
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        <balance>1655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1691886.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp., Trinity Basin Preparatory, Inc.</title>
        <cusip>041807BM9</cusip>
        <identifiers>
          <isin value="US041807BM93"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152253.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of Wisconsin Hospitals &amp; Clinics</name>
        <lei>549300O76DW14JGO7224</lei>
        <title>University of Wisconsin Hospitals and Clinics, Series 2024C</title>
        <cusip>915260FV0</cusip>
        <identifiers>
          <isin value="US915260FV02"/>
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        <balance>11500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11500000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.80000040</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, CHF- Tippecanoe LLC- Student Housing Project, Series 2023A</title>
        <cusip>45471FAF8</cusip>
        <identifiers>
          <isin value="US45471FAF80"/>
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        <balance>790000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System Revenue</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power, Water System, Series 2017A</title>
        <cusip>544525WL8</cusip>
        <identifiers>
          <isin value="US544525WL85"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Los Angeles CA</name>
        <lei>549300E7TO710PTXPJ65</lei>
        <title>City of Los Angeles</title>
        <cusip>544351SF7</cusip>
        <identifiers>
          <isin value="US544351SF70"/>
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        <balance>13000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13313176.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westchester County Local Development Corp.</name>
        <lei>549300KOSU8OC75V9238</lei>
        <title>Westchester County Local Development Corp., Purchase Senior Learning Community, Inc., Project, Series 2021A</title>
        <cusip>95737TEU6</cusip>
        <identifiers>
          <isin value="US95737TEU60"/>
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        <balance>9000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7442462.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Hospital Finance Authority</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>Michigan State Hospital Finance Authority, Corewell Health, Series 2025B-2</title>
        <cusip>59465HXF8</cusip>
        <identifiers>
          <isin value="US59465HXF80"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1079524.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
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        <cusip>57582TBQ4</cusip>
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          <isin value="US57582TBQ40"/>
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        <balance>1130000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Rhode Island</name>
        <lei>N/A</lei>
        <title>State of Rhode Island, Series 2025A</title>
        <cusip>762223QY4</cusip>
        <identifiers>
          <isin value="US762223QY40"/>
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        <balance>4035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4205784.60000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Southern California Edison Co., Series 2006C</title>
        <cusip>13078HBB7</cusip>
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          <isin value="US13078HBB78"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Public Finance Authority</name>
        <lei>N/A</lei>
        <title>Texas Public Finance Authority, Texas Southern University, Series 2023</title>
        <cusip>88277PAM7</cusip>
        <identifiers>
          <isin value="US88277PAM77"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506611.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Fiscal Year 2025, Series 2025G, Subseries G-1</title>
        <cusip>64966SMF0</cusip>
        <identifiers>
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      <invstOrSec>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
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          <maturityDt>2040-06-01</maturityDt>
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        <name>Illinois Housing Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of South Miami Health Facilities Authority, Inc.</name>
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          <isin value="US838810EM78"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Plano Independent School District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Franklin Township-Marion County Multiple School Building Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Geneseo Central School District</name>
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        <title>Geneseo Central School District</title>
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          <isin value="US371826FJ27"/>
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        <valUSD>3028800.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-25</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Triborough Bridge &amp; Tunnel Authority Sales Tax Revenue</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Illinois Housing Development Authority</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Burbank-Glendale-Pasadena Airport Authority Brick Campaign</name>
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        <name>State of Connecticut</name>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Onondaga Civic Development Corp.</name>
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        <name>Orlando Utilities Commission</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Yellowstone and Carbon Counties School District No. 7-70 Laurel</name>
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        <name>Mobile County Industrial Development Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Michigan State Housing Development Authority</name>
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        <name>California Community Choice Financing Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <name>City of Glendale AZ Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>City of Glendale Water and Sewer, Senior Lien</title>
        <cusip>378352RT7</cusip>
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          <isin value="US378352RT77"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506936.34000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Delaware State Economic Development Authority, Delmarva Power and Light Co. Project, Series 2020A</title>
        <cusip>246387SX3</cusip>
        <identifiers>
          <isin value="US246387SX37"/>
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        <balance>4250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4376108.13000000</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>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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        <cusip>64966SLZ7</cusip>
        <identifiers>
          <isin value="US64966SLZ73"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5172509.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Senior Lien</title>
        <cusip>74442PF59</cusip>
        <identifiers>
          <isin value="US74442PF598"/>
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        <balance>2745000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2701168.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2025A</title>
        <cusip>546399UP9</cusip>
        <identifiers>
          <isin value="US546399UP99"/>
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        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3613949.15000000</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>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Geisinger Authority</name>
        <lei>N/A</lei>
        <title>Geisinger Authority, Health System, Series 2020B</title>
        <cusip>368497JX2</cusip>
        <identifiers>
          <isin value="US368497JX29"/>
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        <balance>455000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>464066.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Variable</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>Chicago Midway International Airport</name>
        <lei>N/A</lei>
        <title>Chicago Midway International Airport, Senior Lien, Series 2023C</title>
        <cusip>167562TH0</cusip>
        <identifiers>
          <isin value="US167562TH07"/>
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        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2603017.25000000</valUSD>
        <pctVal>0.074351838849</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Florida State Board of Governors University of North Florida Dormitory Revenue</name>
        <lei>N/A</lei>
        <title>Florida State Board of Governors University of North Florida Dormitory, Series 2023A</title>
        <cusip>34157XAT4</cusip>
        <identifiers>
          <isin value="US34157XAT46"/>
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        <balance>2675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2740478.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</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>
        <name>Rhode Island Health and Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp., Lifespan Obligated Group, Series 2024</title>
        <cusip>762244MA6</cusip>
        <identifiers>
          <isin value="US762244MA62"/>
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        <balance>1150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1203911.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 2016-2</title>
        <cusip>97705MEH4</cusip>
        <identifiers>
          <isin value="US97705MEH43"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50865.62000000</valUSD>
        <pctVal>0.001452910994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>Virginia Small Business Financing Authority, Senior Lien, Transform 66 P3 Project</title>
        <cusip>928097AD6</cusip>
        <identifiers>
          <isin value="US928097AD68"/>
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        <balance>5880000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5434496.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, Tamarron Project, Series 2024</title>
        <cusip>63608TAB6</cusip>
        <identifiers>
          <isin value="US63608TAB61"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1299390.17000000</valUSD>
        <pctVal>0.037115408483</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2024B</title>
        <cusip>452153JJ9</cusip>
        <identifiers>
          <isin value="US452153JJ99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1038154.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</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>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, First Tier, Series 2023A</title>
        <cusip>66285WM60</cusip>
        <identifiers>
          <isin value="US66285WM601"/>
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        <balance>3740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3771065.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="WNZ5COS"/>
          <other otherDesc="Future Ticker" value="WNZ5 Comdty"/>
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        <balance>-89.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>41256.58000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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                <issuerName>United States of America</issuerName>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, Series 2024</title>
        <cusip>54811GN89</cusip>
        <identifiers>
          <isin value="US54811GN898"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4340913.60000000</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>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Austin Community College District</name>
        <lei>N/A</lei>
        <title>Austin Community College District, Unlimited Tax</title>
        <cusip>052403KP6</cusip>
        <identifiers>
          <isin value="US052403KP60"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5502620.00000000</valUSD>
        <pctVal>0.157175260935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Iowa Student Loan Liquidity Corp.</name>
        <lei>549300FO1LWVSZKGJK70</lei>
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      <invstOrSec>
        <name>Virginia Port Authority</name>
        <lei>N/A</lei>
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          <isin value="US928077KU93"/>
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        <name>Minnesota Housing Finance Agency</name>
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          <maturityDt>2053-07-01</maturityDt>
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        <name>State of Illinois</name>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Berkley School District</name>
        <lei>N/A</lei>
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          <isin value="US084482DV76"/>
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          <maturityDt>2034-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Lee County School Board (The)</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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          <maturityDt>2032-01-01</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., Series B</title>
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        <name>State of Louisiana</name>
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        <name>Bucks County Water and Sewer Authority</name>
        <lei>N/A</lei>
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        <name>New York City Transitional Finance Authority</name>
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          <maturityDt>2048-05-01</maturityDt>
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        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
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        <name>Long Island Power Authority</name>
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        <name>Katy Independent School District</name>
        <lei>254900H9QSKVP2HWVL72</lei>
        <title>Katy Independent School District, Unlimited Tax, Series 2024</title>
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        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2025A</title>
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        <name>Baseline Metropolitan District No. 1</name>
        <lei>N/A</lei>
        <title>Baseline Metropolitan District No. 1, Series 2024A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Borough of Matanuska-Susitna AK</name>
        <lei>N/A</lei>
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          <isin value="US576553CK53"/>
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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>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of King WA Sewer Revenue</name>
        <lei>N/A</lei>
        <title>County of King Sewer, Series 2016A</title>
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          <isin value="US4952893K44"/>
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        <valUSD>4944003.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Cornell University, Series 2019D</title>
        <cusip>64990GSH6</cusip>
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          <isin value="US64990GSH64"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>154817.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>Virginia Small Business Financing Authority, Senior Lien, Elizabeth River Crossing Opco, LLC Project</title>
        <cusip>928104NU8</cusip>
        <identifiers>
          <isin value="US928104NU89"/>
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        <curCd>USD</curCd>
        <valUSD>1957755.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Napa Valley Unified School District</name>
        <lei>N/A</lei>
        <title>Napa Valley Unified School District, Election of 2024, Series A</title>
        <cusip>630362GX3</cusip>
        <identifiers>
          <isin value="US630362GX35"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1416561.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Kahala Nui Project</title>
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          <isin value="US74442PH818"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>El Centro Financing Authority</name>
        <lei>N/A</lei>
        <title>El Centro Financing Authority, Police Station Project, Series 2023A</title>
        <cusip>28282RBT6</cusip>
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          <isin value="US28282RBT68"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>City of San Antonio TX Electric &amp; Gas Systems Revenue</name>
        <lei>5493002G2FEH20Q4GQ04</lei>
        <title>City of San Antonio Electric and Gas Systems, Series 2024B</title>
        <cusip>79625GKF9</cusip>
        <identifiers>
          <isin value="US79625GKF99"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1600867.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water and Power System, Series 2024C</title>
        <cusip>544532LY8</cusip>
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          <isin value="US544532LY84"/>
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        <balance>3615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3685493.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Township of Hampton PA</name>
        <lei>N/A</lei>
        <title>Township of Hampton</title>
        <cusip>409468LA1</cusip>
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          <isin value="US409468LA11"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162937.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. V</name>
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        <cusip>88256RAK2</cusip>
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          <isin value="US88256RAK23"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>Tarrant County Cultural Education Facilities Finance Corp., Christus Health, Series 2024B</title>
        <cusip>87638THK2</cusip>
        <identifiers>
          <isin value="US87638THK25"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, KIPP Nashville Project, Series 2022A</title>
        <cusip>04052BSN5</cusip>
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          <isin value="US04052BSN54"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Atlanta Rapid Transit Authority</name>
        <lei>5493006NVWO3NVLK0F49</lei>
        <title>Metropolitan Atlanta Rapid Transit Authority, Sales Tax, Series 2023A</title>
        <cusip>591746AM4</cusip>
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          <isin value="US591746AM43"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority, Water and Sewer System, Second General Resolution, Fiscal Year 2011, Series DD-1</title>
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      <invstOrSec>
        <name>Town of Brookline MA</name>
        <lei>N/A</lei>
        <title>Town of Brookline, Purpose Loan</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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., Junior Lien, Wastewater System, Series 2023</title>
        <cusip>71883PMM6</cusip>
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          <isin value="US71883PMM67"/>
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        <balance>3600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3735091.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Florida Local Government Finance Commission</name>
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        <name>City of Los Angeles CA Wastewater System Revenue</name>
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        <name>Fayette County Development Authority</name>
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        <title>Fayette County Development Authority, United States Soccer Federation, Inc. Project</title>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>San Diego County Regional Airport Authority</name>
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        <name>Mida Cormont Public Infrastructure District</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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          <isin value="US888808HQ88"/>
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        <name>Florida Municipal Loan Council</name>
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        <name>Memphis-Shelby County Airport Authority</name>
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        <name>State of Washington</name>
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        <name>Empire State Development Corp.</name>
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        <name>County of Clark NV Passenger Facility Charge Revenue</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Oklahoma Capitol Improvement Authority</name>
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        <name>County of Spotsylvania VA</name>
        <lei>N/A</lei>
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        <name>Florida Local Government Finance Commission</name>
        <lei>N/A</lei>
        <title>Florida Local Government Finance Commission, Bridgeprep Academy Project, Series 2025A</title>
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        <name>University of Alabama (The)</name>
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      <invstOrSec>
        <name>Tracy Public Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US89239PAQ37"/>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners Segments 3 LLC Project</title>
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      <invstOrSec>
        <name>Central Plains Energy Project</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-05-01</maturityDt>
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        <name>District of Columbia Water &amp; Sewer Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Mansfield Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US564386UE82"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Albuquerque Municipal School District No. 12</name>
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        <name>Yonkers Industrial Development Agency</name>
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          <maturityDt>2026-09-01</maturityDt>
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        <name>Smithtown Central School District</name>
        <lei>N/A</lei>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Seminole County Industrial Development Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>State of Illinois</name>
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        <name>Lower Colorado River Authority</name>
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        <name>Delaware Valley Regional Finance Authority</name>
        <lei>549300HGYP3NW885TT18</lei>
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        <name>Charleston County Airport District</name>
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        <name>Allegheny County Higher Education Building Authority</name>
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        <name>City of Chicago IL Waterworks Revenue</name>
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        <name>Desert Sands Unified School District</name>
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        <name>University of Illinois</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>State of Florida Lottery Revenue</name>
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      <invstOrSec>
        <name>City of New Haven CT</name>
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        <name>Wisconsin Housing &amp; Economic Development Authority Home Ownership Revenue</name>
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        <name>Illinois Finance Authority</name>
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        <name>Michigan Strategic Fund</name>
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        <name>California Public Finance Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>County of Prince George's MD</name>
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        <name>Illinois Finance Authority</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>District of Columbia</name>
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        <name>Collier County Educational Facilities Authority</name>
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        <name>Palm Beach County Health Facilities Authority</name>
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        <name>City of Ann Arbor MI Water Supply System Revenue</name>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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      <invstOrSec>
        <name>Utah Transit Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Michigan Finance Authority</name>
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        <name>California Community Choice Financing Authority</name>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, National Charter School Revolving Loan Fund, Series 2023A</title>
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        <name>County of Coffee TN</name>
        <lei>N/A</lei>
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        <name>Metropolitan Government of Nashville &amp; Davidson County TN</name>
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        <name>California Pollution Control Financing Authority</name>
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        <name>City of Houston TX Combined Utility System Revenue</name>
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      <invstOrSec>
        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
        <title>Utah Transit Authority, Sales Tax</title>
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          <isin value="US917567HP79"/>
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        <name>George L Smith II Congress Center Authority</name>
        <lei>N/A</lei>
        <title>George L Smith II Congress Center Authority, Convention Center Hotel First, Series 2021A</title>
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        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
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        <assetCat>DBT</assetCat>
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        <name>New York Transportation Development Corp.</name>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116HT60"/>
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      <invstOrSec>
        <name>Arizona Board of Regents</name>
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        <name>California Municipal Finance Authority</name>
        <lei>5493000UQOV6R4ZWS346</lei>
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          <isin value="US13048RAJ68"/>
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          <maturityDt>2041-07-01</maturityDt>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Maricopa County Industrial Development Authority, Honorhealth, Series 2024D</title>
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          <isin value="US56678PCJ49"/>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Indio Finance Authority</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>New York State Energy Research &amp; Development Authority</name>
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        <name>Cedar Hill Independent School District</name>
        <lei>N/A</lei>
        <title>Cedar Hill Independent School District, Unlimited Tax, Series 2024</title>
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          <isin value="US1504294C90"/>
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        <name>North Carolina Housing Finance Agency</name>
        <lei>EC4EE0PS5OP5O69B5C39</lei>
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        <name>Solano Irrigation District</name>
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        <title>Solano Irrigation District, Water</title>
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        <name>Irving Independent School District</name>
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        <title>Irving Independent School District</title>
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        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
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          <isin value="US71884AV718"/>
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        <name>Massachusetts Bay Transportation Authority Sales Tax Revenue</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>University of Colorado</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Bergen County Improvement Authority (The)</name>
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        <name>Public Finance Authority</name>
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        <name>Plano Independent School District</name>
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        <name>City of Oshkosh WI Water Revenue</name>
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        <name>City of Norwalk CT</name>
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        <name>Michigan Finance Authority</name>
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        <title>Michigan Finance Authority, Public Lighting Authority Refunding Local Project</title>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>Melissa Independent School District</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>California Community Choice Financing Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Los Angeles County Development Authority</name>
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        <name>Orlando Utilities Commission</name>
        <lei>549300EJR7JVMRXL5D66</lei>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Selma Industrial Development Board</name>
        <lei>N/A</lei>
        <title>Selma Industrial Development Board, International Paper Co., Series 2020A</title>
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          <isin value="US81647PAH64"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>Tarrant County Cultural Education Facilities Finance Corp., Health Resources System</title>
        <cusip>87638TJU8</cusip>
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          <isin value="US87638TJU88"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp., Trinity Basin Preparatory, Inc.</title>
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          <isin value="US041807BP25"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bell County Water Control &amp; Improvement District No. 1</name>
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          <isin value="US078043QP40"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, KIPP Nashville Project, Series 2022A</title>
        <cusip>04052BSM7</cusip>
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          <isin value="US04052BSM71"/>
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        <balance>225000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Baseline Metropolitan District No. 1</name>
        <lei>N/A</lei>
        <title>Baseline Metropolitan District No. 1, Series 2024A</title>
        <cusip>069826AE5</cusip>
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          <isin value="US069826AE50"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mobile County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Mobile County Industrial Development Authority, Calvert LLC Project, Series 2024B</title>
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          <isin value="US60733UAB70"/>
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        <valUSD>5645051.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>City of Scottsdale AZ</name>
        <lei>N/A</lei>
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          <isin value="US810454FT05"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Building Aid, Series 2026, S-1</title>
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          <isin value="US64972LAR42"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Kahala Nui Project</title>
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          <isin value="US74442PH578"/>
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          <maturityDt>2026-11-15</maturityDt>
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        <name>Crowley Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US228130KB54"/>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University, Series 2024B-1</title>
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          <isin value="US70917TRS23"/>
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          <maturityDt>2043-11-01</maturityDt>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>Missouri Joint Municipal Electric Utility Commission, Plum Point Project, Series 2024</title>
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          <isin value="US606092PR96"/>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp., Lifeschool of Dallas, Series 2024</title>
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          <isin value="US041807LG16"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
        <title>Intermountain Power Agency, Utah Power Supply, Series 2024A</title>
        <cusip>45884AK51</cusip>
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          <isin value="US45884AK516"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Metropolitan Nashville Airport Authority (The)</name>
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          <isin value="US592190QY16"/>
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        <curCd>USD</curCd>
        <valUSD>635060.22000000</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>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Miami-Dade FL Aviation Revenue</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade, Aviation System, Series 2024A</title>
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        <identifiers>
          <isin value="US59333P7M43"/>
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        <balance>4805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5154306.68000000</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>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Telecommunication Open Infrastructure Agency</name>
        <lei>549300LCGT5UXUJ1LP77</lei>
        <title>Utah Telecommunication Open Infrastructure Agency, Sales Tax and Telecommunications</title>
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        <identifiers>
          <isin value="US91756SAM52"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>361967.81000000</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>2034-06-01</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>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District, Electric System, Series 2024D</title>
        <cusip>682001NP3</cusip>
        <identifiers>
          <isin value="US682001NP34"/>
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        <balance>2700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2810465.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Water System Revenue</name>
        <lei>N/A</lei>
        <title>Los Angeles Department of Water and Power Water System, Series 2020C</title>
        <cusip>544525ZS0</cusip>
        <identifiers>
          <isin value="US544525ZS02"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1085008.50000000</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>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago, Series 2025B</title>
        <cusip>167486V71</cusip>
        <identifiers>
          <isin value="US167486V714"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4088604.40000000</valUSD>
        <pctVal>0.116785724515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Will County School District No. 86 Joliet</name>
        <lei>N/A</lei>
        <title>Will County School District No. 86 Joliet, Series 2024</title>
        <cusip>968767PH0</cusip>
        <identifiers>
          <isin value="US968767PH05"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1009307.00000000</valUSD>
        <pctVal>0.028829555936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</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>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
        <lei>N/A</lei>
        <title>Ohio Water Development Authority, Water Pollution Control Loan Fund, Series 2020A</title>
        <cusip>67766WZD7</cusip>
        <identifiers>
          <isin value="US67766WZD72"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005712.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
        <lei>N/A</lei>
        <title>City and County of Denver, Airport System, Series 2018A</title>
        <cusip>249182LB0</cusip>
        <identifiers>
          <isin value="US249182LB07"/>
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        <balance>2845000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3037290.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, University of Nevada Reno Project, Series 2023A</title>
        <cusip>63610FBF2</cusip>
        <identifiers>
          <isin value="US63610FBF27"/>
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        <balance>790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>838782.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
        <lei>N/A</lei>
        <title>Shelby County Health Educational and Housing Facilities Board, Baptism Memorial Health Obligated Group</title>
        <cusip>821691AD4</cusip>
        <identifiers>
          <isin value="US821691AD40"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1131953.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Variable</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>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp., Yes Prep Public School, Inc., Series 2023</title>
        <cusip>187145RJ8</cusip>
        <identifiers>
          <isin value="US187145RJ84"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>253431.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System</title>
        <cusip>662903H71</cusip>
        <identifiers>
          <isin value="US662903H717"/>
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        <balance>4555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5185575.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rhode Island Health and Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp., Lifespan Obligated Group, Series 2024</title>
        <cusip>762244LY5</cusip>
        <identifiers>
          <isin value="US762244LY57"/>
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        <balance>960000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1024851.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency, Los Angeles County Securitization Corp., Series 2020B-2</title>
        <cusip>13016NFC3</cusip>
        <identifiers>
          <isin value="US13016NFC39"/>
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        <balance>15260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2675085.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. IV</name>
        <lei>549300PTUE847QDBBW22</lei>
        <title>Texas Municipal Gas Acquisition and Supply Corp. IV, Gas Supply, Series 2023B</title>
        <cusip>88256PAT7</cusip>
        <identifiers>
          <isin value="US88256PAT75"/>
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        <balance>6690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7316471.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, TBTA Capital Lockbox, Series 2025A</title>
        <cusip>896032BB4</cusip>
        <identifiers>
          <isin value="US896032BB41"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1532770.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2054-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of Wisconsin Hospitals &amp; Clinics</name>
        <lei>549300O76DW14JGO7224</lei>
        <title>University of Wisconsin Hospitals and Clinics, Series 2024B</title>
        <cusip>915260FU2</cusip>
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          <isin value="US915260FU29"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2204021.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Augusta Development Authority</name>
        <lei>N/A</lei>
        <title>Augusta Development Authority, AU Health System, Inc. Project, Series 2018</title>
        <cusip>05115CAR5</cusip>
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          <isin value="US05115CAR51"/>
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        <balance>3995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3810147.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Township of Hampton PA</name>
        <lei>N/A</lei>
        <title>Township of Hampton</title>
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          <isin value="US409468LD59"/>
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        <balance>970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>896726.49000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maine Turnpike Authority</name>
        <lei>N/A</lei>
        <title>Maine Turnpike Authority</title>
        <cusip>560551SF1</cusip>
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          <isin value="US560551SF17"/>
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        <balance>1520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1727570.90000000</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>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990GSW3</cusip>
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          <isin value="US64990GSW32"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75671.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kansas City Industrial Development Authority</name>
        <lei>549300QWDXL46XQC8110</lei>
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        <cusip>48502MAA1</cusip>
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          <isin value="US48502MAA18"/>
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        <curCd>USD</curCd>
        <valUSD>919100.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Aviation, Series 2023A</title>
        <cusip>592647LH2</cusip>
        <identifiers>
          <isin value="US592647LH29"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>876542.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hillsborough County Housing Finance Authority</name>
        <lei>5493003JJ1KK4FWWU787</lei>
        <title>Hillsborough County Housing Finance Authority, Multi- Family Tampa 47th Street Apartments, Series 2025A</title>
        <cusip>43232EDE6</cusip>
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          <isin value="US43232EDE68"/>
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        <balance>2260000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Utah Housing Corp.</name>
        <lei>549300YXWQEI0S47WI02</lei>
        <title>Utah Housing Corp., Single Family Mortgage</title>
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          <isin value="US917434DL37"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wayne County Airport Authority</name>
        <lei>N/A</lei>
        <title>Wayne County Airport Authority, Detroit Metropolitan Wayne, Series 2025B</title>
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          <isin value="US944514U897"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Kentucky Public Energy Authority</name>
        <lei>549300XEJZWHYSY4SL55</lei>
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          <isin value="US74440DEC48"/>
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        <balance>3330000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Melissa Independent School District</name>
        <lei>N/A</lei>
        <title>Melissa Independent School District, Unlimited Tax, Series 2024</title>
        <cusip>585488YV5</cusip>
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          <isin value="US585488YV55"/>
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        <balance>100000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Colorado Housing and Finance Authority</name>
        <lei>5493005GIROYQAWBMC18</lei>
        <title>Colorado Housing and Finance Authority, Multi-Family Mortgage</title>
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          <annualizedRt>3.37500000</annualizedRt>
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        <name>Melissa Independent School District</name>
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        <title>Melissa Independent School District, Unlimited Tax, Series 2024</title>
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          <isin value="US585488YY94"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Maryland Department of Transportation, Series 2025A</title>
        <cusip>574204W66</cusip>
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          <isin value="US574204W666"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>New York City Housing Development Corp., Series 2025A</title>
        <cusip>64966WKK2</cusip>
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        <balance>12430000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2055-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018A</title>
        <cusip>888808HM7</cusip>
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          <isin value="US888808HM74"/>
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        <balance>3000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Housing Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
        <title>Territory of Guam, Series 2025G</title>
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        <identifiers>
          <isin value="US40065NDB01"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System, Second Tier, Series 2024C</title>
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          <isin value="US88283KBY38"/>
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        <curCd>USD</curCd>
        <valUSD>5595807.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System</title>
        <cusip>662903H89</cusip>
        <identifiers>
          <isin value="US662903H899"/>
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        <balance>7500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8473782.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Katy Independent School District</name>
        <lei>254900H9QSKVP2HWVL72</lei>
        <title>Katy Independent School District, Unlimited Tax, Series 2024</title>
        <cusip>486063W55</cusip>
        <identifiers>
          <isin value="US486063W556"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2258345.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
        <title>Northwest Independent School District, Unlimited Tax, Series 2023</title>
        <cusip>667826EE7</cusip>
        <identifiers>
          <isin value="US667826EE73"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2635488.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4 Project, Series 2019A</title>
        <cusip>626207X25</cusip>
        <identifiers>
          <isin value="US626207X251"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3433374.00000000</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>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, University of Nevada Reno Project, Series 2023A</title>
        <cusip>63610FBD7</cusip>
        <identifiers>
          <isin value="US63610FBD78"/>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>914563.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tri-County Metropolitan Transportation District of Oregon</name>
        <lei>N/A</lei>
        <title>Tri-County Metropolitan Transportation District of Oregon, Senior Lien Payroll Tax, Series 2021A</title>
        <cusip>89546RSJ4</cusip>
        <identifiers>
          <isin value="US89546RSJ40"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1157537.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas, Inc., Gas Supply, Series 2024E</title>
        <cusip>56035DJJ2</cusip>
        <identifiers>
          <isin value="US56035DJJ28"/>
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        <balance>16310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17451858.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Lincoln NE Electric System Revenue</name>
        <lei>N/A</lei>
        <title>City of Lincoln, Electric System</title>
        <cusip>534272J42</cusip>
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          <isin value="US534272J420"/>
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        <balance>85000.00000000</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>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <cusip>19648FYZ1</cusip>
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          <isin value="US19648FYZ16"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, John Muir Health, Series 2024A</title>
        <cusip>13080SR55</cusip>
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          <isin value="US13080SR557"/>
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        <balance>875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>947435.65000000</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>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Center City MN</name>
        <lei>N/A</lei>
        <title>City of Center City, Health Care Facilities, Hazelden Betty Ford Foundation Project, Series 2025</title>
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          <isin value="US151452CQ02"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Polk County Housing Finance Authority</name>
        <lei>N/A</lei>
        <title>Polk County Housing Finance Authority, Episcopal Catholic Apartments, Series 2023</title>
        <cusip>731903BN9</cusip>
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          <isin value="US731903BN91"/>
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        <balance>750000.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.15000000</annualizedRt>
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        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico, Series 2022A-1</title>
        <cusip>74514L3G0</cusip>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Prince William County Service Authority</name>
        <lei>N/A</lei>
        <title>Prince William County Service Authority, Water and Sewer System</title>
        <cusip>741765HF1</cusip>
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          <isin value="US741765HF18"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Public Lighting Authority Refunding Local Project</title>
        <cusip>59447UAQ3</cusip>
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          <isin value="US59447UAQ31"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Metropolitan Government of Nashville &amp; Davidson County TN Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
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          <isin value="US5920983N55"/>
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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>2044-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Idaho Health Facilities Authority</name>
        <lei>549300X43KY1C2WW0J97</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Transportation System, Series 2018A</title>
        <cusip>6461364E8</cusip>
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          <isin value="US6461364E83"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2101244.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp., Idea Public Schools, Series 2024</title>
        <cusip>187145TP2</cusip>
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          <isin value="US187145TP27"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>613723.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Lake Forest College, Series 2022A</title>
        <cusip>45204FQW8</cusip>
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          <isin value="US45204FQW85"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>337697.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Series 2024A</title>
        <cusip>04052FEZ4</cusip>
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          <isin value="US04052FEZ45"/>
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        <curCd>USD</curCd>
        <valUSD>1107290.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas, Inc., Gas Supply, Series 2023C</title>
        <cusip>56035DFK3</cusip>
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          <isin value="US56035DFK37"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2653629.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vail Home Partners Corp.</name>
        <lei>N/A</lei>
        <title>Vail Home Partners Corp., Colorado Housing Facilities</title>
        <cusip>91879VAB4</cusip>
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          <isin value="US91879VAB45"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1962539.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project No. 8, Series 2022A</title>
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          <isin value="US09182TAW71"/>
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        <balance>2820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2817918.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
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      <invstOrSec>
        <name>TSASC, Inc.</name>
        <lei>N/A</lei>
        <title>TSASC, Inc., Series A</title>
        <cusip>898526FE3</cusip>
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          <isin value="US898526FE35"/>
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        <balance>8065000.00000000</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>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, School Facilities Construction, Series 2019GGG</title>
        <cusip>64577B6K5</cusip>
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        <balance>2000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>County of Wake NC</name>
        <lei>5493007XQJHO082P1H29</lei>
        <title>County of Wake, Series 2025A</title>
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          <isin value="US930876JF52"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northeast Ohio Medical University</name>
        <lei>N/A</lei>
        <title>Northeast Ohio Medical University, Series 2022</title>
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          <isin value="US66433RCS58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Halifax County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Halifax County Industrial Development Authority, Virginia Electric and Power, Series 2010A</title>
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          <isin value="US40579PAE16"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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        <name>Philadelphia Authority for Industrial Development</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development, Thomas Jefferson University, Series 2017A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <cusip>73358XAS1</cusip>
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          <isin value="US73358XAS18"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Springs School District No. 11 Facilities Corp.</name>
        <lei>N/A</lei>
        <title>Colorado Springs School District No. 11 Facilities Corp.</title>
        <cusip>19662UBA9</cusip>
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          <isin value="US19662UBA97"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Detroit MI</name>
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        <name>Montgomery County Higher Education and Health Authority</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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        <name>City of Farmington NM</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>Ontario Public Financing Authority</name>
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        <name>Columbus Regional Airport Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Pennsylvania Economic Development Financing Authority Parking 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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
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          <isin value="US88285ADU97"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Lake Havasu City AZ Wastewater System Revenue</name>
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          <isin value="US50989RAP55"/>
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        <valUSD>2022451.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <cusip>45527CDP4</cusip>
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          <isin value="US45527CDP41"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>501310.22000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Ohio Air Quality Development Authority</name>
        <lei>549300DZUU80AYOR6M80</lei>
        <title>Ohio Air Quality Development Authority, Duke Energy Corp., Series 2022A</title>
        <cusip>677525WV5</cusip>
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          <isin value="US677525WV57"/>
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        <balance>4035000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <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, Indianapolos Airport Authority, Series 2025B-1</title>
        <cusip>45528VFJ3</cusip>
        <identifiers>
          <isin value="US45528VFJ35"/>
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        <balance>500000.00000000</balance>
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        <valUSD>536974.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Prince William County Service Authority</name>
        <lei>N/A</lei>
        <title>Prince William County Service Authority, Water and Sewer System</title>
        <cusip>741765HE4</cusip>
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          <isin value="US741765HE43"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
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        <cusip>64971XTX6</cusip>
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          <isin value="US64971XTX65"/>
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        <balance>550000.00000000</balance>
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        <valUSD>551943.59000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Port of Greater Cincinnati Development Authority</name>
        <lei>549300IK2RCZBY62ST97</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Capital Trust Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Tennessee Energy Acquisition Corp.</name>
        <lei>549300OJ2Z8PGEY46K92</lei>
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          <isin value="US880443JF46"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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          <isin value="US97705MM859"/>
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        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Government of Nashville &amp; Davidson County TN Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>Metropolitan Government of Nashville and Davidson County Water and Sewer</title>
        <cusip>5920983E5</cusip>
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          <isin value="US5920983E56"/>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
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        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank, Indianapolos Airport Authority, Series 2025B-1</title>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>Oklahoma Water Resources Board</name>
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        <name>Desert Community College District</name>
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        <name>City of Lenoir City TN Electric System Revenue</name>
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        <name>JPMorgan Institutional Tax Free Money Market Fund</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
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          <isin value="US45527CDT62"/>
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        <curCd>USD</curCd>
        <valUSD>251942.47000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Franklin Township-Marion County Multiple School Building Corp.</name>
        <lei>N/A</lei>
        <title>Franklin Township-Marion County Multiple School Building Corp., Valorem Property Tax First Mortgage, Series 2024</title>
        <cusip>355137GB0</cusip>
        <identifiers>
          <isin value="US355137GB05"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1051096.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>Connecticut State Health and Educational Facilities Authority, Yale New Heaven Health, Series 2024B</title>
        <cusip>20775DYS5</cusip>
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          <isin value="US20775DYS51"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4033467.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>South Dakota Housing Development Authority</name>
        <lei>549300G853EK61667C18</lei>
        <title>South Dakota Housing Development Authority, Series 2025A</title>
        <cusip>83756LBS3</cusip>
        <identifiers>
          <isin value="US83756LBS34"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1421279.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2017A</title>
        <cusip>452152S51</cusip>
        <identifiers>
          <isin value="US452152S514"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1028884.20000000</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>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas, Inc., Gas Supply, Series 2022B</title>
        <cusip>56035DEE8</cusip>
        <identifiers>
          <isin value="US56035DEE85"/>
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        <balance>1750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1833006.18000000</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>2052-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</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>Stamford Housing Authority</name>
        <lei>N/A</lei>
        <title>Stamford Housing Authority, Mozaic Concierge Living Project, Series 2025A</title>
        <cusip>852640AK7</cusip>
        <identifiers>
          <isin value="US852640AK71"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1479376.95000000</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>2055-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Texas Private Activity Bond Surface Transportation Corp., North Tarrant Express Managed Lanes Project, Mobility Partners LLC, Series 2019A</title>
        <cusip>882667AY4</cusip>
        <identifiers>
          <isin value="US882667AY47"/>
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        <balance>1130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1037706.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
        <title>Austin Independent School District, Unlimited Tax</title>
        <cusip>052430WF8</cusip>
        <identifiers>
          <isin value="US052430WF81"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2049115.00000000</valUSD>
        <pctVal>0.058530333697</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</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 Grand Prairie TX</name>
        <lei>N/A</lei>
        <title>City of Grand Prairie, Series 2023</title>
        <cusip>386138R37</cusip>
        <identifiers>
          <isin value="US386138R375"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>605929.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Grandview Heights City School District</name>
        <lei>N/A</lei>
        <title>Grandview Heights City School District</title>
        <cusip>386694FH1</cusip>
        <identifiers>
          <isin value="US386694FH18"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1714942.35000000</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>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2025B</title>
        <cusip>546399UQ7</cusip>
        <identifiers>
          <isin value="US546399UQ72"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3277602.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>County of Hays TX</name>
        <lei>N/A</lei>
        <title>County of Hays, Limited Tax</title>
        <cusip>421020A99</cusip>
        <identifiers>
          <isin value="US421020A998"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20228.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Missouri Development Finance Board</name>
        <lei>549300JD8BCNBV9D3830</lei>
        <title>Missouri Development Finance Board, Procter &amp; Gamble Co. Project, Series 1999</title>
        <cusip>60636LAA7</cusip>
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          <isin value="US60636LAA70"/>
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        <balance>1680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1792518.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>South Dakota Health &amp; Educational Facilities Authority</name>
        <lei>549300ZW6LKR8UI2C378</lei>
        <title>South Dakota Health and Educational Facilities Authority, Sanford</title>
        <cusip>83755VW59</cusip>
        <identifiers>
          <isin value="US83755VW595"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1167603.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
        <title>Montgomery County Higher Education and Health Authority, Series 2022B</title>
        <cusip>613603G94</cusip>
        <identifiers>
          <isin value="US613603G947"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1902388.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Town of Stony Point NY</name>
        <lei>N/A</lei>
        <title>Town of Stony Point</title>
        <cusip>862089NC9</cusip>
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          <isin value="US862089NC99"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78672.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp., JFK International Airport New Terminal One Project, Series 2024A</title>
        <cusip>650116HV1</cusip>
        <identifiers>
          <isin value="US650116HV17"/>
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        <balance>4935000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4795108.05000000</valUSD>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>Virginia Public School Authority</name>
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        <name>Main Street Natural Gas, Inc.</name>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>5.00000040</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <cusip>74529JPX7</cusip>
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          <isin value="US74529JPX71"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Turnpike Commission</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Holland MI</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Subordinate Excise Tax</title>
        <cusip>71884AQ93</cusip>
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          <isin value="US71884AQ932"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2022, Series 2022B, Subseries B-1</title>
        <cusip>64971XE61</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>New York State Energy Research &amp; Development Authority</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp., Second Lien</title>
        <cusip>79467BGU3</cusip>
        <identifiers>
          <isin value="US79467BGU35"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
        <title>Michigan Strategic Fund, Consumers Co. Project, Series 2019</title>
        <cusip>594698TK8</cusip>
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          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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        <name>City of Clarksville TN Water Sewer &amp; Gas Revenue</name>
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        <title>City of Clarksville Water Sewer and Gas, Series 2021A</title>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Mexico Mortgage Finance Authority</name>
        <lei>N/A</lei>
        <title>New Mexico Mortgage Finance Authority, Santee Apartments and Sangre De Cristo Project</title>
        <cusip>64719HEP1</cusip>
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          <isin value="US64719HEP10"/>
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          <annualizedRt>3.73000000</annualizedRt>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp., Senior Lien, Series 2023C</title>
        <cusip>79467BGF6</cusip>
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          <isin value="US79467BGF67"/>
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        <invCountry>US</invCountry>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Sales Tax, Series 2024A</title>
        <cusip>65000BW61</cusip>
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          <isin value="US65000BW616"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lake County Community Consolidated School District No. 3 Beach Park</name>
        <lei>549300OXP7UXKVRQI587</lei>
        <title>Lake County Community Consolidated School District No. 3 Beach Park</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Mesa AZ Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Mesa Utility System</title>
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          <isin value="US5905452Y48"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Glen Rose Independent School District</name>
        <lei>N/A</lei>
        <title>Glen Rose Independent School District, Unlimited Tax, Series 2023</title>
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          <isin value="US377856KA60"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Atlantic University Finance Corp.</name>
        <lei>N/A</lei>
        <title>Florida Atlantic University Finance Corp., Student Housing Project, Series 2019B</title>
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        <identifiers>
          <isin value="US31200CCW47"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>265969.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 2025 1</title>
        <cusip>97705MK53</cusip>
        <identifiers>
          <isin value="US97705MK531"/>
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        <balance>4320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4925937.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Corpus Christi TX Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Corpus Christi, Utility System, Series 2022B</title>
        <cusip>220245U51</cusip>
        <identifiers>
          <isin value="US220245U513"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>362836.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Industrial Development &amp; Export Authority</name>
        <lei>N/A</lei>
        <title>Alaska Industrial Development and Export Authority, Tanana Chiefs Conference Project, Series 2019A</title>
        <cusip>011903GF2</cusip>
        <identifiers>
          <isin value="US011903GF28"/>
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        <balance>2455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2370122.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Midway International Airport</name>
        <lei>N/A</lei>
        <title>Chicago Midway International Airport, Senior Lien, Series 2023C</title>
        <cusip>167562TF4</cusip>
        <identifiers>
          <isin value="US167562TF41"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3764067.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chico Unified School District</name>
        <lei>N/A</lei>
        <title>Chico Unified School District, Election of 2024, Series 2024A</title>
        <cusip>168520RN6</cusip>
        <identifiers>
          <isin value="US168520RN67"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Kipp SoCal Public Schools, Series 2019A</title>
        <cusip>13059TFT1</cusip>
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          <isin value="US13059TFT16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Kansas Development Finance Authority</name>
        <lei>549300WTL7BL8KBDPR87</lei>
        <title>Kansas Development Finance Authority, AdventHealth, Series 2021B</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority, Memorial Sloan Kettering Cancer Center, Series 2025 2-B</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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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>64971XT81</cusip>
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          <isin value="US64971XT817"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Allegheny County Hospital Development Authority</name>
        <lei>54930046B973R604OG22</lei>
        <title>Allegheny County Hospital Development Authority, Pittsburgh Medical Center, Series 2019A</title>
        <cusip>01728A4S2</cusip>
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          <isin value="US01728A4S26"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2018A</title>
        <cusip>4521522K6</cusip>
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          <isin value="US4521522K61"/>
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        <balance>2590000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Salt Lake City UT Airport Revenue</name>
        <lei>N/A</lei>
        <title>City of Salt Lake City, International Airport, Series 2025A</title>
        <cusip>795576MX2</cusip>
        <identifiers>
          <isin value="US795576MX22"/>
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        <balance>1580000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Rhode Island Health and Educational Building Corp.</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp., Lifespan Obligated Group, Series 2024</title>
        <cusip>762244MF5</cusip>
        <identifiers>
          <isin value="US762244MF59"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
        <lei>N/A</lei>
        <title>City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects, Series 2020B-2</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Jefferson AL Sewer Revenue</name>
        <lei>N/A</lei>
        <title>County of Jefferson sewer</title>
        <cusip>472682ZG1</cusip>
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          <isin value="US472682ZG17"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Richmond VA</name>
        <lei>N/A</lei>
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          <isin value="US76541VRV17"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>N/A</lei>
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          <isin value="US20772KB999"/>
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        <curCd>USD</curCd>
        <valUSD>4729477.94000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <cusip>45528VFK0</cusip>
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          <isin value="US45528VFK08"/>
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        <curCd>USD</curCd>
        <valUSD>243882.59000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Housing Finance Corp.</name>
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          <isin value="US34074HGZ91"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charleston Educational Excellence Finance Corp.</name>
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          <isin value="US160131ER58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60637ANA69"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>Maine Municipal Bond Bank, Series 2025A</title>
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          <isin value="US56045SBG12"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Buncombe NC</name>
        <lei>N/A</lei>
        <title>County of Buncombe, Limited Tax</title>
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        <name>Omaha Public Power District</name>
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        <name>University of Kentucky</name>
        <lei>549300CXE3YQ1HXYCQ71</lei>
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          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Indio Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US45571LDE48"/>
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          <maturityDt>2029-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Housing Finance Agency</name>
        <lei>549300JZVUPNWP77SP29</lei>
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        <name>Dominion Water &amp; Sanitation District</name>
        <lei>N/A</lei>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <cusip>8371516Q7</cusip>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cobb-Marietta Coliseum &amp; Exhibit Hall Authority</name>
        <lei>N/A</lei>
        <title>Cobb-Marietta Coliseum and Exhibit Hall Authority, Galleria Center Project</title>
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      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Downtown Revitalization Public Infrastructure District</name>
        <lei>N/A</lei>
        <title>Downtown Revitalization Public Infrastructure District, Second Lien Sales Tax SEG Redevelopment Project, Series 2025B</title>
        <cusip>26118TBT6</cusip>
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          <isin value="US26118TBT60"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
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        <cusip>56035DKH4</cusip>
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          <isin value="US56035DKH43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Equitable School Revolving Fund LLC</title>
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          <isin value="US04052FEM32"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Austin TX Airport System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US052398FU34"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ontario Public Financing Authority</name>
        <lei>N/A</lei>
        <title>Ontario Public Financing Authority, Civic Center Improvements, Series 2022A</title>
        <cusip>68304RCZ1</cusip>
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          <isin value="US68304RCZ10"/>
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        <balance>140000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <balance>1510000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Fircrest Properties</name>
        <lei>N/A</lei>
        <title>Fircrest Properties, State of Washington Dshs Project</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>River Islands Public Financing Authority</name>
        <lei>N/A</lei>
        <title>River Islands Public Financing Authority, Facilities District No. 2003, Series 2022A-1</title>
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          <isin value="US76827QGF46"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, State Revolving Fund Program, Series 2025C</title>
        <cusip>45506ELZ4</cusip>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Kahala Nui Project</title>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <name>City of Milwaukee WI</name>
        <lei>N/A</lei>
        <title>City of Milwaukee, Promissory Notes, Series 2023N3</title>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Georgetown University Issue, Series 2025A</title>
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        <valUSD>23356383.10000000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Downtown Revitalization Public Infrastructure District</name>
        <lei>N/A</lei>
        <title>Downtown Revitalization Public Infrastructure District, Second Lien Sales Tax SEG Redevelopment Project, Series 2025B</title>
        <cusip>26118TBU3</cusip>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Multnomah &amp; Clackamas Counties School District No. 10JT Gresham-Barlow</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>County of DeKalb GA Water &amp; Sewerage Revenue</name>
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          <isin value="US240523UJ70"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Salt Lake City UT Airport Revenue</name>
        <lei>N/A</lei>
        <title>City of Salt Lake City, Airport System, Series 2021A</title>
        <cusip>795576JM0</cusip>
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          <isin value="US795576JM04"/>
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        <balance>2350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2529966.06000000</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>2029-07-01</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 and Fuels Tax, Second Lien, Series 2025A</title>
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        <identifiers>
          <isin value="US546475WY69"/>
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        <balance>2055000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency, Sonoma County Securitization Corp., Series 2020B-2</title>
        <cusip>13016NHB3</cusip>
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          <isin value="US13016NHB38"/>
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        <balance>6000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Power Authority</name>
        <lei>I5P1GEYFGGMMDOFX2L30</lei>
        <title>New York Power Authority, Green Transmission Project, Series 2023A</title>
        <cusip>65000XBU3</cusip>
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          <isin value="US65000XBU37"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Canisteo-Greenwood Central School District</name>
        <lei>N/A</lei>
        <title>Canisteo-Greenwood Central School District</title>
        <cusip>137590CL7</cusip>
        <identifiers>
          <isin value="US137590CL74"/>
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        <balance>3000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-26</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Palm Beach County Health Facilities Authority, Acts Retirement Life Communities, Inc., Obligated Group, Series 2025B</title>
        <cusip>69650MBA6</cusip>
        <identifiers>
          <isin value="US69650MBA62"/>
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        <balance>3485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3248595.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp., The Young Men's and Women's Hebrew Association Project, Series 2024</title>
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          <isin value="US12008EVX11"/>
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        <balance>2500000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Round Rock TX</name>
        <lei>549300VJM2Z2IGVYF523</lei>
        <title>City of Round Rock</title>
        <cusip>779223JJ6</cusip>
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          <isin value="US779223JJ67"/>
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        <valUSD>1208001.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
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        <cusip>544532CQ5</cusip>
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          <isin value="US544532CQ51"/>
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        <balance>6285000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Onondaga Civic Development Corp.</name>
        <lei>N/A</lei>
        <title>Onondaga Civic Development Corp., Syracuse University Project</title>
        <cusip>682832KU3</cusip>
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          <isin value="US682832KU35"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Town of Cary NC</name>
        <lei>5493005EXXSJNCUZX878</lei>
        <title>Town of Cary, Series 2021</title>
        <cusip>147051YK6</cusip>
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          <isin value="US147051YK62"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>5283710.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>State of Maryland, State and Local Facilities Loan of 2022, Series 2022A</title>
        <cusip>574193VK1</cusip>
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          <isin value="US574193VK10"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Harnett NC</name>
        <lei>N/A</lei>
        <title>County of Harnett, Limited Tax</title>
        <cusip>41333TCL0</cusip>
        <identifiers>
          <isin value="US41333TCL08"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200210.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northern Virginia Transportation Commission</name>
        <lei>N/A</lei>
        <title>Northern Virginia Transportation Commission, Transforming Rail in Virginia Program</title>
        <cusip>66604PAT2</cusip>
        <identifiers>
          <isin value="US66604PAT21"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bucks County Water and Sewer Authority</name>
        <lei>N/A</lei>
        <title>Bucks County Water and Sewer Authority, Series 2022A</title>
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        <name>Cedar Rapids Community School District Infrastructure Sales Services &amp; Use Tax</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facs Bd</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Tobacco Securitization Authority of Southern California</name>
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        <name>City of Buckeye AZ Excise Tax Revenue</name>
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        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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      <invstOrSec>
        <name>Crowley Independent School District</name>
        <lei>N/A</lei>
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        <name>Baseline Metropolitan District No. 1</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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          <isin value="US13048V3V84"/>
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          <maturityDt>2042-10-01</maturityDt>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
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        <name>Lyons Central School District</name>
        <lei>N/A</lei>
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          <isin value="US552279KZ35"/>
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        <fairValLevel>2</fairValLevel>
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        <name>New York City Municipal Water Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mansfield Independent School District</name>
        <lei>N/A</lei>
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        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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        <name>Brushy Creek Regional Utility Authority, Inc.</name>
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        <name>Wylie Independent School District/Collin County</name>
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        <name>New York State Dormitory Authority</name>
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        <name>City of New York NY</name>
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        <name>Illinois Housing Development Authority</name>
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        <name>Paulding County School District</name>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Kahala Nui Project</title>
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      <invstOrSec>
        <name>Metropolitan St. Louis Sewer District</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <cusip>650116CJ3</cusip>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Burlington County Bridge Commission</name>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Multi-Family The Ranches At Gunsmoke Project</title>
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        <name>Northern Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Northern Tobacco Securitization Corp., Tobacco Settlement Asset-Backed Senior Capital Appreciation, Series 2021B-2, Class 2</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Allegheny County Hospital Development Authority</name>
        <lei>54930046B973R604OG22</lei>
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        <name>University of Colorado</name>
        <lei>N/A</lei>
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        <cusip>91417NJK2</cusip>
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        <name>City of New York NY</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Long Island Power Authority</name>
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        <name>Oklahoma Development Finance Authority</name>
        <lei>549300PXGPHUWC32DJ91</lei>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>San Diego County Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>San Diego County Regional Airport Authority, Senior Private Activity</title>
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        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018A</title>
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          <isin value="US888808HJ46"/>
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        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System</title>
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        <invCountry>US</invCountry>
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        <name>Baseline Metropolitan District No. 1</name>
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      <invstOrSec>
        <name>Houston Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US442403RE36"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4151257.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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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="US64985SMR12"/>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fishers Redevelopment Authority</name>
        <lei>N/A</lei>
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        <cusip>33803TTU0</cusip>
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          <isin value="US33803TTU06"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <cusip>19648FZC1</cusip>
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          <isin value="US19648FZC12"/>
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        <curCd>USD</curCd>
        <valUSD>1210249.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <cusip>45506ELX9</cusip>
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          <isin value="US45506ELX93"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Pollution Control Financing Authority</name>
        <lei>N/A</lei>
        <title>California Pollution Control Financing Authority, Poseidon Resources Channelside LP Desalination Project</title>
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          <isin value="US13054WBB28"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Georgia Housing &amp; Finance Authority</name>
        <lei>549300I628IMF9PWV724</lei>
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        <cusip>37353PRL5</cusip>
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          <isin value="US37353PRL57"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5623782.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Loma Linda University Medical Center, Series 2016A</title>
        <cusip>13080SML5</cusip>
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          <isin value="US13080SML50"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Saratoga County Capital Resource Corp.</name>
        <lei>N/A</lei>
        <title>Saratoga County Capital Resource Corp., WSWHE Boces Project</title>
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          <isin value="US80349LAK17"/>
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        <balance>700000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Glendale AZ Water &amp; Sewer Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Culture and Sports Facilities Building Fund Projects, Series 2025A</title>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, I-10 Calcasieu River Bridge Public Private Partnership Project</title>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
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          <isin value="US64971X7H51"/>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Rogers MN</name>
        <lei>N/A</lei>
        <title>City of Rogers, Sales Tax, Series 2024B</title>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <issuerCat>MUN</issuerCat>
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          <maturityDt>2046-11-15</maturityDt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Culture and Sports Facilities Building Fund Projects, Series 2025A</title>
        <cusip>677523MA7</cusip>
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        <name>College Park Housing Authority</name>
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        <name>Lawrenceville Housing Authority</name>
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        <name>District of Columbia Income Tax Revenue</name>
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        <name>New York State Dormitory Authority</name>
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        <name>County of Jefferson AL Sewer Revenue</name>
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        <name>Ventura Unified School District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Utah Transit Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Public Finance Authority</name>
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        <name>South Carolina Public Service Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Mida Mountain Village Public Infrastructure District</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Empire State Development Corp.</name>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
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        <name>Utah Telecommunication Open Infrastructure Agency</name>
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        <name>City of Atlanta GA Department of Aviation</name>
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        <name>Berrien Springs Public Schools</name>
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        <name>District of Columbia Water &amp; Sewer Authority</name>
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        <name>Iowa Great Lakes Sanitation District/IA</name>
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        <name>District of Columbia Housing Finance Agency</name>
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        <name>South Jersey Transportation Authority</name>
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        <name>Mount Lebanon Hospital Authority</name>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
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        <name>Missouri State Environmental Improvement &amp; Energy Resources Authority</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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        <name>County of Boone KY</name>
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        <name>State of Washington</name>
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        <name>New York Power Authority</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Oklahoma Water Resources Board</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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        <name>Trinity River Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp., Lifeschool of Dallas, Series 2024</title>
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          <isin value="US041807LA46"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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        <cusip>167486E39</cusip>
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          <isin value="US167486E397"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
        <lei>549300GBS2G3YGHOYO19</lei>
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        <cusip>576051PN0</cusip>
        <identifiers>
          <isin value="US576051PN03"/>
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        <balance>2470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2357685.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Austin TX Electric Utility Revenue</name>
        <lei>N/A</lei>
        <title>City of Garland Electric Utility System</title>
        <cusip>052414WC9</cusip>
        <identifiers>
          <isin value="US052414WC92"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1102909.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Cook IL Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>County of Cook, Sales Tax</title>
        <cusip>213248BX4</cusip>
        <identifiers>
          <isin value="US213248BX43"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2062868.80000000</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>2034-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Saratoga County Capital Resource Corp.</name>
        <lei>N/A</lei>
        <title>Saratoga County Capital Resource Corp., WSWHE Boces Project</title>
        <cusip>80349LAL9</cusip>
        <identifiers>
          <isin value="US80349LAL99"/>
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        <balance>885000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>941572.83000000</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>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Salt Lake City UT Sales and Excise Tax Revenue</name>
        <lei>N/A</lei>
        <title>City of Salt Lake City, Sales and Excise Tax, Series 2022A</title>
        <cusip>79560TFD9</cusip>
        <identifiers>
          <isin value="US79560TFD90"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111537.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berkley School District</name>
        <lei>N/A</lei>
        <title>Berkley School District, Unlimited Tax</title>
        <cusip>084482DU9</cusip>
        <identifiers>
          <isin value="US084482DU93"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221743.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, CHF- Tippecanoe LLC- Student Housing Project, Series 2023A</title>
        <cusip>45471FAD3</cusip>
        <identifiers>
          <isin value="US45471FAD33"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>406519.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority, State Revolving Fund</title>
        <cusip>46246K4B5</cusip>
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          <isin value="US46246K4B57"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31498.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Georgia Higher Education Facilities Authority</name>
        <lei>N/A</lei>
        <title>Georgia Higher Education Facilities Authority, USG Real Estate Foundation II LLC Projects</title>
        <cusip>373511JC9</cusip>
        <identifiers>
          <isin value="US373511JC91"/>
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        <balance>1425000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Ohio Water Development Authority</name>
        <lei>549300QMBH1DMY67FZ74</lei>
        <title>Ohio Water Development Authority, Series 2023A</title>
        <cusip>67765QNH5</cusip>
        <identifiers>
          <isin value="US67765QNH55"/>
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        <balance>1540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1659366.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Syracuse Industrial Development Agency</name>
        <lei>N/A</lei>
        <title>Syracuse Industrial Development Agency, Syracuse City School District Project, Series 2020A</title>
        <cusip>871683FH6</cusip>
        <identifiers>
          <isin value="US871683FH61"/>
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        <balance>1275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1290750.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northern Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Northern Tobacco Securitization Corp., Tobacco Settlement Asset-Backed Senior Capital Appreciation, Series 2021B-1, Class 2</title>
        <cusip>66585VCA1</cusip>
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          <isin value="US66585VCA17"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project, Series 2023B-2</title>
        <cusip>09182NCT5</cusip>
        <identifiers>
          <isin value="US09182NCT54"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Weslaco Independent School District</name>
        <lei>N/A</lei>
        <title>Weslaco Independent School District, Unlimited Tax, Series 2024</title>
        <cusip>950885WE9</cusip>
        <identifiers>
          <isin value="US950885WE95"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Maryland Health and Higher Educational Facilities Authority, The Johns Hopkins Health System, Series 2024B</title>
        <cusip>57421CGC2</cusip>
        <identifiers>
          <isin value="US57421CGC29"/>
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        <balance>25000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.85000175</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
        <lei>N/A</lei>
        <title>City and County of Honolulu, Series D</title>
        <cusip>438687BV6</cusip>
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          <isin value="US438687BV61"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46833.97000000</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>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Tampa Bay Water</name>
        <lei>N/A</lei>
        <title>Tampa Bay Water, Regional Water Supply Authority, Utility System, Series 2016C</title>
        <cusip>875124GZ6</cusip>
        <identifiers>
          <isin value="US875124GZ66"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55108.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority, Waste Management, Inc., Project</title>
        <cusip>708692BG2</cusip>
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          <isin value="US708692BG28"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7000770.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.85000175</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
        <title>Lewisville Independent School District, Unlimited Tax</title>
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        <identifiers>
          <isin value="US52882PHS02"/>
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        <balance>12500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11872482.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>Iowa Finance Authority, Midwestern Disaster Area, Iowa Fertilizer Co., Project</title>
        <cusip>46246SAU9</cusip>
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          <isin value="US46246SAU96"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3402742.80000000</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>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Peace River Manasota Regional Water Supply Authority</name>
        <lei>N/A</lei>
        <title>Peace River Manasota Regional Water Supply Authority, Utility System, Series 2025A</title>
        <cusip>704612GP9</cusip>
        <identifiers>
          <isin value="US704612GP93"/>
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        <balance>5250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5439392.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, KSU Bixby Real Estate Foundation LLC Project, Series 2025A</title>
        <cusip>74439YFP1</cusip>
        <identifiers>
          <isin value="US74439YFP16"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1052034.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of New York NY</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York, Fiscal Year 2021, Series 2021-1</title>
        <cusip>64966QWD8</cusip>
        <identifiers>
          <isin value="US64966QWD86"/>
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        <balance>235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>256100.51000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>Empire State Development Corp., State Sales Tax, Series 2021A</title>
        <cusip>64985TCT6</cusip>
        <identifiers>
          <isin value="US64985TCT60"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2194735.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, KSU Bixby Real Estate Foundation LLC Project, Series 2025A</title>
        <cusip>74439YFR7</cusip>
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          <isin value="US74439YFR71"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257753.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2016C</title>
        <cusip>45470RCT1</cusip>
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          <isin value="US45470RCT14"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35208.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority, Adventist Health System, Series 2021A</title>
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          <isin value="US19648FSH81"/>
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        <balance>5750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4839387.45000000</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>2050-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Culture and Sports Facilities Building Fund Projects, Series 2025A</title>
        <cusip>677523LZ3</cusip>
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          <isin value="US677523LZ33"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Paulding County School District</name>
        <lei>N/A</lei>
        <title>Paulding County School District</title>
        <cusip>703600GJ9</cusip>
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          <isin value="US703600GJ97"/>
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        <balance>3055000.00000000</balance>
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        <valUSD>3378276.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Campbell WY</name>
        <lei>N/A</lei>
        <title>County of Campbell, Solid Waste Facilities, Basin Electric Power Co-operative, Dry Fork Station Facilities, Series 2019A</title>
        <cusip>134340AB4</cusip>
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          <isin value="US134340AB45"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
        <title>State of Minnesota, Series 2021A</title>
        <cusip>60412AWW9</cusip>
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          <isin value="US60412AWW97"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Onondaga Civic Development Corp.</name>
        <lei>N/A</lei>
        <title>Onondaga Civic Development Corp., Syracuse University Project</title>
        <cusip>682832LJ7</cusip>
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          <isin value="US682832LJ70"/>
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        <balance>1150000.00000000</balance>
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        <valUSD>1212732.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orlando Utilities Commission</name>
        <lei>549300EJR7JVMRXL5D66</lei>
        <title>Orlando Utilities Commission, Series 2024B</title>
        <cusip>686507ME1</cusip>
        <identifiers>
          <isin value="US686507ME12"/>
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        <balance>1215000.00000000</balance>
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        <name>IPS Multi-School Building Corp.</name>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
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        <name>Orange County Health Facilities Authority</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <name>Washington Metropolitan Area Transit Authority Dedicated Revenue</name>
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        <name>City of North Las Vegas NV</name>
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        <name>Philadelphia Energy Authority (The)</name>
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        <name>Miami-Dade County Housing Finance Authority</name>
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        <name>City of Colorado Springs CO Utilities System Revenue</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Public Finance Authority</name>
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        <name>County of Buncombe NC</name>
        <lei>N/A</lei>
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        <name>Cobb-Marietta Coliseum &amp; Exhibit Hall Authority</name>
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        <name>Parish of St. John the Baptist LA</name>
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        <name>Public Power Generation Agency</name>
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        <name>Illinois Finance Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>County Square Redevelopment Corp.</name>
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        <name>Montgomery Independent School District</name>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District, Series 2025C</title>
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          <isin value="US84136HCF82"/>
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        <curCd>USD</curCd>
        <valUSD>9084956.68000000</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>2055-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mabank Independent School District</name>
        <lei>N/A</lei>
        <title>Mabank Independent School District, Unlimited Tax, Series 2024</title>
        <cusip>554086NW4</cusip>
        <identifiers>
          <isin value="US554086NW42"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266219.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</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>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority, Trinity Health Credit Group, Series 2022B</title>
        <cusip>59447T2Y8</cusip>
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          <isin value="US59447T2Y85"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1062089.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest, Project 1, Series 2025A</title>
        <cusip>29270C6Y6</cusip>
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          <isin value="US29270C6Y64"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2264398.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oklahoma Water Resources Board</name>
        <lei>5493007CUNXW5UX11C71</lei>
        <title>Oklahoma Water Resources Board, Clean Water Program, Series 2025A</title>
        <cusip>67919PWW9</cusip>
        <identifiers>
          <isin value="US67919PWW93"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1242127.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</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>San Jose Evergreen Community College District</name>
        <lei>5493006H31JIFYW6Z091</lei>
        <title>San Jose Evergreen Community College District, Series C</title>
        <cusip>798189TF3</cusip>
        <identifiers>
          <isin value="US798189TF38"/>
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        <balance>1990000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1900723.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jefferson County Port Authority</name>
        <lei>N/A</lei>
        <title>Jefferson County Port Authority, JSW Steel USA Ohio, Inc., Project, Series 2023</title>
        <cusip>473318AB9</cusip>
        <identifiers>
          <isin value="US473318AB94"/>
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        <balance>3795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3802783.17000000</valUSD>
        <pctVal>0.108621608802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
        <lei>N/A</lei>
        <title>Buckeye Tobacco Settlement Financing Authority, Series 2020B-3, Class 2</title>
        <cusip>118217DA3</cusip>
        <identifiers>
          <isin value="US118217DA38"/>
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        <balance>15825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1384511.84000000</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>2057-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>County of Fort Bend TX Toll Road Revenue</name>
        <lei>N/A</lei>
        <title>County of Fort Bend Toll Road, Senior Lien, Series 2024</title>
        <cusip>346817EH8</cusip>
        <identifiers>
          <isin value="US346817EH80"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1113918.50000000</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>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Onondaga Civic Development Corp.</name>
        <lei>N/A</lei>
        <title>Onondaga Civic Development Corp., Syracuse University Project</title>
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        <balance>1675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1920542.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>J.P. Morgan Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
