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        <name>Alabama Highway Authority</name>
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        <name>Alabama Highway Authority</name>
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      <invstOrSec>
        <name>Alaska Housing Finance Corp.</name>
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        <name>City of Albany NY</name>
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          <couponKind>Fixed</couponKind>
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        <name>Albany Capital Resource Corp.</name>
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          <isin value="US012432ET30"/>
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        <name>Albemarle County Economic Development Authority</name>
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        <name>Albuquerque Municipal School District No. 12</name>
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        <name>City of Aliso Viejo CA</name>
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        <name>Allegheny County Hospital Development Authority</name>
        <lei>54930046B973R604OG22</lei>
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        <name>Allegheny County Hospital Development Authority</name>
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        <name>Allegheny County Hospital Development Authority</name>
        <lei>54930046B973R604OG22</lei>
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        <name>Allegheny County Airport Authority</name>
        <lei>N/A</lei>
        <title>Allegheny County Airport Authority, Pittsburgh International Airport, Series 2023A</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Allegheny County Airport Authority</name>
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      <invstOrSec>
        <name>Allegheny County Higher Education Building Authority</name>
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        <title>Allegheny County Higher Education Building Authority, Carnegie Mellon University, Series 2008A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Allegheny County Higher Education Building Authority</name>
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          <isin value="US01728RPY98"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Allegheny County Higher Education Building Authority</name>
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          <isin value="US01728RPZ63"/>
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          <maturityDt>2043-03-01</maturityDt>
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      <invstOrSec>
        <name>Allegheny County Sanitary Authority</name>
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          <isin value="US017357P406"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Allegheny County Sanitary Authority</name>
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          <isin value="US017357P810"/>
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      <invstOrSec>
        <name>Allegheny County Sanitary Authority</name>
        <lei>N/A</lei>
        <title>Allegheny County Sanitary Authority, Sewer, Series 2025</title>
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          <isin value="US017357T952"/>
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          <couponKind>Fixed</couponKind>
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        <name>Allegheny County Sanitary Authority</name>
        <lei>N/A</lei>
        <title>Allegheny County Sanitary Authority, Series 2025</title>
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          <isin value="US017357U281"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of Allen OH Hospital Facilities Revenue</name>
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          <isin value="US01757LHG41"/>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alvin Independent School District/TX</name>
        <lei>N/A</lei>
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          <isin value="US0224473N47"/>
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        <invCountry>US</invCountry>
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        <name>Alvord Unified School District</name>
        <lei>549300Q9J0UCO75DL276</lei>
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        <name>American Municipal Power, Inc.</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Municipality of Anchorage AK</name>
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      <invstOrSec>
        <name>City of Ann Arbor MI Water Supply System Revenue</name>
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      <invstOrSec>
        <name>City of Ann Arbor MI Water Supply System Revenue</name>
        <lei>N/A</lei>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>City of Austin TX</name>
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        <name>Austin Community College District</name>
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        <name>Baldwin County Industrial Development Authority</name>
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        <name>City of Baltimore MD</name>
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        <name>Bartow County Development Authority</name>
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        <name>Berrien Springs Public Schools</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project, Series 2024A</title>
        <cusip>09182TDL8</cusip>
        <identifiers>
          <isin value="US09182TDL89"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3117281.40000000</valUSD>
        <pctVal>0.040162108173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project, Series 2024B</title>
        <cusip>09182TEC7</cusip>
        <identifiers>
          <isin value="US09182TEC71"/>
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        <balance>11830000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12482090.89000000</valUSD>
        <pctVal>0.160815473557</pctVal>
        <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>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project, Series 2024D</title>
        <cusip>09182TEN3</cusip>
        <identifiers>
          <isin value="US09182TEN37"/>
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        <balance>31180000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>33234088.51000000</valUSD>
        <pctVal>0.428177917393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project, Series 2025E</title>
        <cusip>09182TGC5</cusip>
        <identifiers>
          <isin value="US09182TGC53"/>
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        <balance>11350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12120482.27000000</valUSD>
        <pctVal>0.156156617763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Supply, Series 2026B</title>
        <cusip>09182THB6</cusip>
        <identifiers>
          <isin value="US09182THB61"/>
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        <balance>11000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11812710.80000000</valUSD>
        <pctVal>0.152191383482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project, Series 2026E</title>
        <cusip>09182THJ9</cusip>
        <identifiers>
          <isin value="US09182THJ97"/>
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        <balance>9000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9485171.10000000</valUSD>
        <pctVal>0.122204067865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</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>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project, Series 2026A</title>
        <cusip>09182THS9</cusip>
        <identifiers>
          <isin value="US09182THS96"/>
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        <balance>56250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>59401237.50000000</valUSD>
        <pctVal>0.765307529215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Gas Project, Series 2026I</title>
        <cusip>09182TJD0</cusip>
        <identifiers>
          <isin value="US09182TJD00"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5362279.50000000</valUSD>
        <pctVal>0.069085982848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Village of Bolingbrook IL</name>
        <lei>N/A</lei>
        <title>Village of Bolingbrook, Series 2018A</title>
        <cusip>097552TM5</cusip>
        <identifiers>
          <isin value="US097552TM50"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128452.54000000</valUSD>
        <pctVal>0.001654943569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</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>Village of Bolingbrook IL</name>
        <lei>N/A</lei>
        <title>Village of Bolingbrook, Will and Dupage Counties, Special Service Areas Numbers 2001-1, 2001-2, 2001-3, and 2002-1, Series 2018</title>
        <cusip>09755VBC2</cusip>
        <identifiers>
          <isin value="US09755VBC28"/>
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        <balance>995000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1002336.04000000</valUSD>
        <pctVal>0.012913793558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>County of Boone KY</name>
        <lei>N/A</lei>
        <title>County of Boone, Duke Energy Kentucky, Inc., Series 2008A</title>
        <cusip>098792AQ7</cusip>
        <identifiers>
          <isin value="US098792AQ71"/>
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        <balance>5720000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5746825.66000000</valUSD>
        <pctVal>0.074040358951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Brookhaven Development Authority</name>
        <lei>N/A</lei>
        <title>Brookhaven Development Authority, Children's Healthcare of Atlan, Series 2019A</title>
        <cusip>113073AY6</cusip>
        <identifiers>
          <isin value="US113073AY60"/>
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        <balance>11090000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10228486.66000000</valUSD>
        <pctVal>0.131780720113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Town of Brookline MA</name>
        <lei>N/A</lei>
        <title>Town of Brookline, Purpose Loan, Series 2025</title>
        <cusip>113746EK3</cusip>
        <identifiers>
          <isin value="US113746EK36"/>
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        <balance>2855000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2852345.14000000</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>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Town of Brookline MA</name>
        <lei>N/A</lei>
        <title>Town of Brookline, Purpose Loan, Series 2025</title>
        <cusip>113746EL1</cusip>
        <identifiers>
          <isin value="US113746EL19"/>
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        <balance>5050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5042546.20000000</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>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Broomfield CO</name>
        <lei>N/A</lei>
        <title>City and County of Broomfield, Series 2026</title>
        <cusip>114749EZ3</cusip>
        <identifiers>
          <isin value="US114749EZ34"/>
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        <balance>310000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>343739.84000000</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>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Broomfield CO</name>
        <lei>N/A</lei>
        <title>City and County of Broomfield, Series 2026</title>
        <cusip>114749FB5</cusip>
        <identifiers>
          <isin value="US114749FB56"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1091908.90000000</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>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City &amp; County of Broomfield CO</name>
        <lei>N/A</lei>
        <title>City and County of Broomfield, Series 2026</title>
        <cusip>114749FE9</cusip>
        <identifiers>
          <isin value="US114749FE95"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1062606.20000000</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>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Brushy Creek Regional Utility Authority, Inc.</name>
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        <name>City of Bryan TX Waterworks &amp; Sewer Revenue</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>California Pollution Control Financing Authority</name>
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        <name>City of Center City MN</name>
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        <name>Central Dauphin School District</name>
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        <name>Central Dauphin School District</name>
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        <name>Central Florida Expressway Authority</name>
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          <isin value="US153476JZ02"/>
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        <name>Central Florida Expressway Authority</name>
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        <name>Central Plains Energy Project</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
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        <name>Central Plains Energy Project</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Plains Energy Project</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
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        <name>Central Puget Sound Regional Transit Authority</name>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>Central Valley Energy Authority</name>
        <lei>254900G5IPQ9MA3FRJ55</lei>
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        <name>Charleston County Airport District</name>
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        <title>Charleston County Airport District, Series 2019</title>
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        <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>160131EP9</cusip>
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        <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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        <invCountry>US</invCountry>
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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>160131ER5</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Charlotte NC</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>City of Charlotte, North Carolina Government Facilities, Series 2023B</title>
        <cusip>1610374R4</cusip>
        <identifiers>
          <isin value="US1610374R42"/>
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        <balance>400000.00000000</balance>
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        <valUSD>400000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Charlotte NC</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>City of Charlotte, North Carolina Government Facilities, Series 2023B</title>
        <cusip>1610374S2</cusip>
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          <isin value="US1610374S25"/>
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        <balance>460000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <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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          <isin value="US162410EJ98"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1200594.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Chautauqua Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Chautauqua Tobacco Asset Securitization Corp., Series 2014</title>
        <cusip>162564BB3</cusip>
        <identifiers>
          <isin value="US162564BB36"/>
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        <balance>2975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2305739.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Chelan County Public Utility District No. 1</name>
        <lei>5493004E8FN9GU2SU067</lei>
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        <identifiers>
          <isin value="US163103VH40"/>
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        <balance>1670000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1697138.00000000</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>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago, Series 2019A</title>
        <cusip>167486E39</cusip>
        <identifiers>
          <isin value="US167486E397"/>
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        <balance>1520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1523675.66000000</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>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago, Series 2025A</title>
        <cusip>167486U72</cusip>
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          <isin value="US167486U724"/>
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        <balance>2110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2218842.66000000</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>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago, Series 2025B</title>
        <cusip>167486V71</cusip>
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          <isin value="US167486V714"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6823540.75000000</valUSD>
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        <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>
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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>167562RU3</cusip>
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          <isin value="US167562RU36"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3168698.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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 2023A</title>
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        <identifiers>
          <isin value="US167562SG33"/>
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        <balance>2335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2485208.45000000</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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          <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>
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          <isin value="US167562SH16"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1145980.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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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>
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          <isin value="US167562TF41"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3811272.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
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          <isin value="US167562TH07"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, General Airport, Senior Lien, Series 2026A</title>
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          <isin value="US167591CE46"/>
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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>2045-01-01</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, General Airport, Senior Lien, Series 2026A</title>
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          <isin value="US167591CG93"/>
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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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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, General Airport, Senior Lien, Series 2026A</title>
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          <isin value="US167591CH76"/>
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        <valUSD>7830646.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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        <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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          <isin value="US1675933Y65"/>
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          <couponKind>Fixed</couponKind>
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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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          <isin value="US1675933Z31"/>
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        <balance>825000.00000000</balance>
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        <valUSD>897068.54000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <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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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, General Airport, Senior Lien, Series 2020A</title>
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          <isin value="US167593N813"/>
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        <balance>200000.00000000</balance>
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        <valUSD>213022.74000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <name>City of Chicago IL Waterworks Revenue</name>
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        <name>Chico Unified School District</name>
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        <name>Children's Trust Fund</name>
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        <name>County of Clark NV</name>
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        <name>City of Clarksville TN Water Sewer &amp; Gas Revenue</name>
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        <name>Clear Creek Transit Metropolitan District No. 2</name>
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        <name>Clemson University</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>City of Colorado Springs CO Utilities System Revenue</name>
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        <name>State of Colorado</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>County of Cook IL Sales Tax Revenue</name>
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        <name>Cook County Community Consolidated School District No. 15 Palatine</name>
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        <name>Cypress-Fairbanks Independent School District</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>City of Dallas TX</name>
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        <name>Dallas Independent School District</name>
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        <name>County of Davidson NC</name>
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        <name>County of DeKalb GA Water &amp; Sewerage Revenue</name>
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          <isin value="US240523UJ70"/>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Delaware PA</name>
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          <isin value="US246001C419"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <maturityDt>2041-08-01</maturityDt>
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        <name>County of Delaware PA</name>
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          <maturityDt>2044-08-01</maturityDt>
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        <name>City of Delaware OH</name>
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          <maturityDt>2038-12-01</maturityDt>
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        <lei>N/A</lei>
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          <isin value="US246181VG31"/>
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        <name>Delaware River Port Authority</name>
        <lei>549300OBM31KJO8JR048</lei>
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        <name>Delaware River Port Authority</name>
        <lei>549300OBM31KJO8JR048</lei>
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      <invstOrSec>
        <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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          <isin value="US246371AA65"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000470.10000000</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>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Delaware State Economic Development Authority, Newark Charter School, Inc., Project, Series 2020</title>
        <cusip>246372AL0</cusip>
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          <isin value="US246372AL04"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1581163.84000000</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>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Delaware</name>
        <lei>N/A</lei>
        <title>State of Delaware, Series 2026A</title>
        <cusip>246381VW4</cusip>
        <identifiers>
          <isin value="US246381VW47"/>
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        <balance>4795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4767652.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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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, Series 2020</title>
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          <isin value="US246387ST25"/>
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        <balance>1190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1181358.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>
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          <isin value="US246387SX37"/>
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        <balance>4250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4379395.50000000</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>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delaware Valley Regional Finance Authority</name>
        <lei>549300HGYP3NW885TT18</lei>
        <title>Delaware Valley Regional Finance Authority, Series C</title>
        <cusip>246579JK3</cusip>
        <identifiers>
          <isin value="US246579JK31"/>
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        <balance>7025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6773979.19000000</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>2037-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.38240025</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delaware Valley Regional Finance Authority</name>
        <lei>549300HGYP3NW885TT18</lei>
        <title>Delaware Valley Regional Finance Authority, Local Government, Series 2022D</title>
        <cusip>246579LR5</cusip>
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          <isin value="US246579LR55"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1026869.70000000</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>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Denison Independent School District</name>
        <lei>N/A</lei>
        <title>Denison Independent School District, Unlimited Tax, Series 2023</title>
        <cusip>248415ZF1</cusip>
        <identifiers>
          <isin value="US248415ZF16"/>
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        <balance>2865000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2784805.21000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Denver CO</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
        <title>City and County of Denver, Series 2020B</title>
        <cusip>249164QV9</cusip>
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          <isin value="US249164QV91"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236666.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Denver City &amp; County School District No. 1</name>
        <lei>N/A</lei>
        <title>Denver City and County School District No. 1, Series 2025A</title>
        <cusip>249174YV9</cusip>
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          <isin value="US249174YV99"/>
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        <balance>3920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4592468.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>249182LB0</cusip>
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          <isin value="US249182LB07"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
        <lei>N/A</lei>
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        <cusip>249182LG9</cusip>
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          <isin value="US249182LG93"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>249182LN4</cusip>
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          <isin value="US249182LN45"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
        <lei>N/A</lei>
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        <cusip>249182QH2</cusip>
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          <isin value="US249182QH22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
        <lei>N/A</lei>
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        <cusip>249182QN9</cusip>
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          <isin value="US249182QN99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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 2022A</title>
        <cusip>249182QP4</cusip>
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          <isin value="US249182QP48"/>
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        <balance>5000000.00000000</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>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Denver Health &amp; Hospital Authority</name>
        <lei>549300WFV5S7GIR4OS67</lei>
        <title>Denver Health and Hospital Authority, Series 2025A</title>
        <cusip>24918EEN6</cusip>
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          <isin value="US24918EEN67"/>
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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>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Des Moines Independent Community School District Sales Services &amp; Use Tax Rev</name>
        <lei>N/A</lei>
        <title>Des Moines Independent Community School District, Sales Services and Use Tax, Series 2021</title>
        <cusip>250111DN8</cusip>
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          <isin value="US250111DN80"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>386196.94000000</valUSD>
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        <name>Omaha School District</name>
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        <name>Douglasville-Douglas County Water &amp; Sewer Authority</name>
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        <name>Downtown Revitalization Public Infrastructure District</name>
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        <name>DuPage &amp; Cook Counties Community Unit School District No. 205 Elmhurst</name>
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        <name>City of Durham NC</name>
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        <lei>N/A</lei>
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        <name>City of Durham NC</name>
        <lei>N/A</lei>
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        <name>El Paso County School District No. 3 Widefield</name>
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          <isin value="US283389QU17"/>
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        <name>El Paso County School District No. 3 Widefield</name>
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          <isin value="US283389QW72"/>
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        <name>City of El Paso TX Water &amp; Sewer Revenue</name>
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        <name>Erie City Water Authority</name>
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        <name>Fairfax County Industrial Development Authority</name>
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        <name>Florida Atlantic University Finance Corp.</name>
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        <name>FHLMC Multifamily VRD Certificates</name>
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        <name>FHLMC Multifamily VRD Certificates</name>
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        <name>Fircrest Properties</name>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <lei>549300HC854CNBLMWC48</lei>
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          <isin value="US340618DU88"/>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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          <couponKind>Variable</couponKind>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <name>Florida Housing Finance Corp.</name>
        <lei>549300W0PCIJCI0JCF10</lei>
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        <name>Florida Housing Finance Corp.</name>
        <lei>549300W0PCIJCI0JCF10</lei>
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        <name>Florida Housing Finance Corp.</name>
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        <name>Florida Local Government Finance Commission</name>
        <lei>N/A</lei>
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        <name>Florida Local Government Finance Commission</name>
        <lei>N/A</lei>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <name>State of Florida Lottery Revenue</name>
        <lei>N/A</lei>
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          <isin value="US341507P627"/>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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          <couponKind>Fixed</couponKind>
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        <name>Florida State Board of Governors</name>
        <lei>N/A</lei>
        <title>Florida State Board of Governors, University of Florida Mandatory Student Fee, Series 2021A</title>
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          <isin value="US34157SBJ69"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Florida State Board of Governors University of North Florida Dormitory Revenue</name>
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        <name>Florida Department of Children &amp; Families</name>
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        <name>Florida Municipal Power Agency</name>
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        <name>Florida Municipal Loan Council</name>
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        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
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        <name>City of Forsyth MT</name>
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      <invstOrSec>
        <name>County of Fort Bend TX Toll Road Revenue</name>
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        <name>Fort Collins-Loveland Water District</name>
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        <name>City of Fort Worth TX Water &amp; Sewer System Revenue</name>
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        <name>County of Franklin OH</name>
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          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>George L Smith II Congress Center Authority</name>
        <lei>N/A</lei>
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          <isin value="US37255MAC91"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>George L Smith II Congress Center Authority</name>
        <lei>N/A</lei>
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          <isin value="US37255MAF23"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2410505.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Georgetown TX</name>
        <lei>549300BSO7ULYERIVM97</lei>
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          <isin value="US373029SH17"/>
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        <balance>2410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2403459.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Georgetown Independent School District</name>
        <lei>N/A</lei>
        <title>Georgetown Independent School District, Series 2025</title>
        <cusip>373046G88</cusip>
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          <isin value="US373046G881"/>
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        <balance>4250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4959759.35000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Georgetown TX Utility System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US373064S475"/>
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        <curCd>USD</curCd>
        <valUSD>1495367.91000000</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>2038-08-15</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, Series 2019</title>
        <cusip>373511HW7</cusip>
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          <isin value="US373511HW73"/>
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        <curCd>USD</curCd>
        <valUSD>1127329.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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, Series 2019</title>
        <cusip>373511JB1</cusip>
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          <isin value="US373511JB19"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1504718.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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, Series 2019</title>
        <cusip>373511JC9</cusip>
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          <isin value="US373511JC91"/>
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        <balance>1425000.00000000</balance>
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        <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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      <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, Series 2019</title>
        <cusip>373511JD7</cusip>
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          <isin value="US373511JD74"/>
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        <balance>1785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1780616.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Georgia Housing &amp; Finance Authority</name>
        <lei>549300I628IMF9PWV724</lei>
        <title>Georgia Housing and Finance Authority, Series 2025C</title>
        <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>5552799.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Georgia State Road &amp; Tollway Authority</name>
        <lei>N/A</lei>
        <title>Georgia State Road and Tollway Authority, Managed Lane System, Series 2021A</title>
        <cusip>37358MEU1</cusip>
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          <isin value="US37358MEU18"/>
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        <balance>2380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2437837.57000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
        <cusip>377856JZ3</cusip>
        <identifiers>
          <isin value="US377856JZ31"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</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>
        <cusip>377856KA6</cusip>
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          <isin value="US377856KA60"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1070285.10000000</valUSD>
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        <invCountry>US</invCountry>
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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>City of Glendale AZ Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>City of Glendale Water and Sewer, Senior Lien, Series 2024</title>
        <cusip>378352RT7</cusip>
        <identifiers>
          <isin value="US378352RT77"/>
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        <balance>475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522702.87000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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, Series 2025</title>
        <cusip>378352SN9</cusip>
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          <isin value="US378352SN98"/>
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        <balance>280000.00000000</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>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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, Series 2025</title>
        <cusip>378352SP4</cusip>
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          <isin value="US378352SP47"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>519321.14000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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, Series 2025</title>
        <cusip>378352SR0</cusip>
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          <isin value="US378352SR03"/>
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        <balance>410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>447101.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <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>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series 2021B-2</title>
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          <isin value="US38122NB843"/>
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        <curCd>USD</curCd>
        <valUSD>9681946.20000000</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>2066-06-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series 2018A-1</title>
        <cusip>38122NZP0</cusip>
        <identifiers>
          <isin value="US38122NZP04"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>262634.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Goshen IN</name>
        <lei>N/A</lei>
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        <cusip>38327MAA5</cusip>
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          <isin value="US38327MAA53"/>
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        <balance>995000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>879130.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gouverneur Central School District</name>
        <lei>N/A</lei>
        <title>Gouverneur Central School District, Series 2025</title>
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          <isin value="US383622DS37"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10011631.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Grand Parkway Transportation Corp., Grand Parkway System Subordinate Tier, Series 2018A</title>
        <cusip>38611TBQ9</cusip>
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          <isin value="US38611TBQ94"/>
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        <balance>8500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8700188.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grand Parkway Transportation Corp.</name>
        <lei>N/A</lei>
        <title>Grand Parkway Transportation Corp., Grand Parkway System Subordinate Tier, Series 2020C</title>
        <cusip>38611TCB1</cusip>
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          <isin value="US38611TCB17"/>
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        <balance>5835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5515867.51000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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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        <balance>3395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3051187.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Grand Prairie TX</name>
        <lei>N/A</lei>
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          <isin value="US386138R375"/>
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        <balance>600000.00000000</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>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Grand Rapids MI Sanitary Sewer System Revenue</name>
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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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      <invstOrSec>
        <name>City of Grand Rapids MI Sanitary Sewer System Revenue</name>
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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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        <name>Grand Traverse County Hospital Finance Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>Great Lakes Water Authority Sewage Disposal System Revenue</name>
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        <cusip>39081HER9</cusip>
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          <isin value="US39081HER93"/>
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        <name>Greater Orlando Aviation Authority</name>
        <lei>549300CP6PUG5S184F61</lei>
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        <cusip>39227AAA0</cusip>
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          <isin value="US39227AAA07"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Greater Orlando Aviation Authority</name>
        <lei>549300CP6PUG5S184F61</lei>
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          <isin value="US39227AAB89"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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        <name>Grossmont-Cuyamaca Community College District</name>
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        <cusip>399267DB6</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
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        <name>Guam Government Waterworks Authority</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority, Series 2024A</title>
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          <isin value="US40065FEA84"/>
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        <invCountry>GU</invCountry>
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        <fairValLevel>2</fairValLevel>
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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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        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
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        <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>County of Hamilton OH</name>
        <lei>549300TO1E3N4E4YIO28</lei>
        <title>County of Hamilton, Life Enriching Communities Project, Series 2025</title>
        <cusip>40727RDD7</cusip>
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          <isin value="US40727RDD70"/>
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        <balance>1115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1145614.78000000</valUSD>
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        <name>County of Hamilton OH Sales Tax Revenue</name>
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        <name>County of Harnett NC</name>
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          <isin value="US41333TCL08"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>County of Harnett NC</name>
        <lei>N/A</lei>
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          <isin value="US41333TCM80"/>
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      <invstOrSec>
        <name>County of Harnett NC</name>
        <lei>N/A</lei>
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          <isin value="US41333TCP12"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Harris County-Houston Sports Authority</name>
        <lei>N/A</lei>
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          <isin value="US413890GP37"/>
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        <name>County of Harris TX</name>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <title>Harris County Cultural Education Facilities Finance Corp., Texas Childrens Hospital, Series 2015-3</title>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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          <maturityDt>2054-07-01</maturityDt>
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      <invstOrSec>
        <name>Harris County Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>Harris County Cultural Education Facilities Finance Corp., Houston Methodist, Series 2026A</title>
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          <isin value="US414009UA65"/>
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      <invstOrSec>
        <name>County of Harris TX Toll Road Revenue</name>
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        <name>County of Harris TX Toll Road Revenue</name>
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          <maturityDt>2055-08-15</maturityDt>
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        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series FK</title>
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        <name>County of Hays TX</name>
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        <name>Town of Hempstead NY</name>
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        <name>County of Hennepin MN</name>
        <lei>254900YDNULMQREFAU43</lei>
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          <isin value="US425507PB07"/>
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        <name>County of Henrico VA Water &amp; Sewer Revenue</name>
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          <isin value="US426170QC33"/>
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      <invstOrSec>
        <name>Henry County Water Authority</name>
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          <isin value="US426366BV15"/>
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        <name>City of Highland Park IL</name>
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          <maturityDt>2028-12-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Hillsborough County Housing Finance Authority</name>
        <lei>5493003JJ1KK4FWWU787</lei>
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          <isin value="US43232EDE68"/>
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        <name>Hillsborough County Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>City of Holland MI</name>
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        <name>City of Holland MI</name>
        <lei>5493006PATL0IAK3G383</lei>
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        <name>City &amp; County of Honolulu HI</name>
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        <name>City &amp; County of Honolulu HI</name>
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        <name>Housing Options, Inc.</name>
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      <invstOrSec>
        <name>City of Houston TX Combined Utility System Revenue</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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      <invstOrSec>
        <name>Humble Independent School District</name>
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        <name>Idaho Health Facilities Authority</name>
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        <name>Idaho Health Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Idaho Health Facilities Authority</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Idaho Housing &amp; Finance Association</name>
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        <name>Illinois Finance Authority</name>
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        <name>Illinois Housing Development Authority</name>
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        <title>Illinois Housing Development Authority, Series 2025A</title>
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        <name>Indiana Finance Authority</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45571LDD64"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-11-01</maturityDt>
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          <isin value="US45571LDE48"/>
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        <fairValLevel>2</fairValLevel>
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        <lei>N/A</lei>
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          <isin value="US45571LDF13"/>
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        <name>Intermountain Power Agency</name>
        <lei>N/A</lei>
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          <isin value="US45884AE741"/>
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        <lei>N/A</lei>
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          <isin value="US45884AK854"/>
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      <invstOrSec>
        <name>Iowa Great Lakes Sanitation District/IA</name>
        <lei>N/A</lei>
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        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
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        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
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      <invstOrSec>
        <name>Iowa Finance Authority</name>
        <lei>549300NQVL49BTHOW391</lei>
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          <couponKind>Fixed</couponKind>
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        <name>Jackson State University Educational Building Corp.</name>
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        <name>Las Vegas Valley Water District</name>
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        <name>Laurens County School District</name>
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        <name>Lawrenceville Housing Authority</name>
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        <name>County of Lee FL Airport Revenue</name>
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        <name>Lee County School Board (The)</name>
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        <name>Lee County Industrial Development Authority/FL</name>
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        <name>Lee County Industrial Development Authority/FL</name>
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        <name>Legacy Denton Public Facility Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>County of Lehigh PA</name>
        <lei>N/A</lei>
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        <name>City of Lenoir City TN Electric System Revenue</name>
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        <name>Lewisville Independent School District</name>
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        <name>Little Elm Independent School District</name>
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        <name>City of Los Angeles CA Wastewater System Revenue</name>
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        <name>Lockhart Independent School District/TX</name>
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        <name>Long Island Power Authority</name>
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        <lei>549300QJFPW2NNBYR215</lei>
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        <name>Lyons Central School District</name>
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        <name>Maine Municipal Bond Bank</name>
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        <name>Massachusetts School Building Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Massachusetts Water Resources Authority</name>
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      <invstOrSec>
        <name>Borough of Matanuska-Susitna AK</name>
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      <invstOrSec>
        <name>Medical University Hospital Authority</name>
        <lei>N/A</lei>
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          <isin value="US58463YBP79"/>
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        <name>Melissa Independent School District</name>
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          <isin value="US585488YQ60"/>
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      <invstOrSec>
        <name>Melissa Independent School District</name>
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          <isin value="US585488YV55"/>
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        <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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      <invstOrSec>
        <name>Melissa Independent School District</name>
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          <isin value="US585488YW39"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Melissa Independent School District</name>
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          <isin value="US585488YX12"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Melissa Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US585488YY94"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Melissa Independent School District</name>
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          <isin value="US585488YZ69"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Memphis-Shelby County Airport Authority</name>
        <lei>N/A</lei>
        <title>Memphis-Shelby County Airport Authority, Series 2021A</title>
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          <isin value="US586111PM27"/>
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        <assetCat>DBT</assetCat>
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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 Memphis TN Memphis Light Gas &amp; Water Division Electric System Revenue</name>
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          <isin value="US586187AM80"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Memphis TN Memphis Light Gas &amp; Water Division Electric System Revenue</name>
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          <isin value="US586187AN63"/>
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        <name>City of Memphis TN Memphis Light Gas &amp; Water Division Electric System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US586187AU07"/>
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      <invstOrSec>
        <name>Menlo Park City School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Menlo Park City School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>Miami Beach Redevelopment Agency</name>
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        <name>County of Miami-Dade FL</name>
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        <name>County of Miami-Dade FL Aviation Revenue</name>
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        <name>Miami-Dade County Housing Finance Authority</name>
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        <name>County of Miami-Dade FL Water &amp; Sewer System Revenue</name>
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        <name>County of Miami-Dade FL Water &amp; Sewer System Revenue</name>
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        <lei>549300NSWW1HVXE93T03</lei>
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          <isin value="US594654K382"/>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Housing Development Authority</name>
        <lei>549300NSWW1HVXE93T03</lei>
        <title>Michigan State Housing Development Authority, Series 2023B</title>
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          <isin value="US594654US21"/>
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        <curCd>USD</curCd>
        <valUSD>2968171.91000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Michigan State Hospital Finance Authority</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-08-15</maturityDt>
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      <invstOrSec>
        <name>Michigan State Hospital Finance Authority</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
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        <cusip>59465HXF8</cusip>
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          <isin value="US59465HXF80"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Michigan Trunk Line Revenue</name>
        <lei>N/A</lei>
        <title>State of Michigan Trunk Line, Series 2020B</title>
        <cusip>5946952A5</cusip>
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          <isin value="US5946952A52"/>
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        <balance>5150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5290051.16000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Michigan Trunk Line Revenue</name>
        <lei>N/A</lei>
        <title>State of Michigan Trunk Line, Series 2021A</title>
        <cusip>5946952T4</cusip>
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          <isin value="US5946952T44"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139191.83000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
        <title>Michigan Strategic Fund, I-75 Improvement Project, Series 2018</title>
        <cusip>594698QR6</cusip>
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          <isin value="US594698QR67"/>
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        <balance>1940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1934172.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
        <title>Michigan Strategic Fund, I-75 Improvement Projects, Series 2018</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>5043005.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-31</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, Graphic Packaging International, LLC Coated Recycled Board Machine Project, Series 2021</title>
        <cusip>594698SR4</cusip>
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          <isin value="US594698SR40"/>
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        <balance>3555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3557646.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <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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          <isin value="US594698TK87"/>
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        <balance>14030000.00000000</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>2049-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
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      <invstOrSec>
        <name>Mida Cormont Public Infrastructure District</name>
        <lei>N/A</lei>
        <title>Mida Cormont Public Infrastructure District, Limited Tax, Series 2025A-1</title>
        <cusip>59561JAA3</cusip>
        <identifiers>
          <isin value="US59561JAA34"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1054689.70000000</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>2055-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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      <invstOrSec>
        <name>Mida Mountain Village Public Infrastructure District</name>
        <lei>N/A</lei>
        <title>Mida Mountain Village Public Infrastructure District, Utah Subordinate Tax Allocation, Series 2024-1</title>
        <cusip>59561UAA8</cusip>
        <identifiers>
          <isin value="US59561UAA88"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>2010151.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-15</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Middleton Community Development District A</name>
        <lei>N/A</lei>
        <title>Middleton Community Development District A, City of Wildwood, Florida Special Assessment, Series 2022</title>
        <cusip>596681AC0</cusip>
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          <isin value="US596681AC09"/>
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        <balance>960000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.85000000</annualizedRt>
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      <invstOrSec>
        <name>City of Milwaukee WI</name>
        <lei>N/A</lei>
        <title>City of Milwaukee, Promissory Notes, Series 2023N3</title>
        <cusip>602366W69</cusip>
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          <isin value="US602366W693"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Minneapolis MN</name>
        <lei>54930069TEI1INHRHS55</lei>
        <title>City of Minneapolis, Health Care System, Fairview Health Services, Series 2018A</title>
        <cusip>60374VDY6</cusip>
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          <isin value="US60374VDY65"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Minneapolis MN</name>
        <lei>54930069TEI1INHRHS55</lei>
        <title>City of Minneapolis, Health Care System, Fairview Health Services, Series 2018A</title>
        <cusip>60374VEC3</cusip>
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          <isin value="US60374VEC37"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Minneapolis MN</name>
        <lei>54930069TEI1INHRHS55</lei>
        <title>City of Minneapolis, Health Care System, Fairview Health Services, Series 2018A</title>
        <cusip>60374VED1</cusip>
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          <isin value="US60374VED10"/>
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        <balance>750000.00000000</balance>
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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>2038-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Minneapolis MN</name>
        <lei>54930069TEI1INHRHS55</lei>
        <title>City of Minneapolis, Health Care System, Fairview Health Services, Series 2018A</title>
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          <isin value="US60374VEF67"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>Minnesota Municipal Gas Agency</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Minnesota Housing Finance Agency</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Minnesota Housing Finance Agency</name>
        <lei>549300R89XDTQBK4GE22</lei>
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          <isin value="US60416UGU34"/>
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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>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mission Economic Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US605155BS89"/>
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        <curCd>USD</curCd>
        <valUSD>3000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.87499915</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mission Economic Development Corp.</name>
        <lei>N/A</lei>
        <title>Mission Economic Development Corp., Waste Management, Inc., Project, Series 2025A</title>
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          <isin value="US605155BX74"/>
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        <curCd>USD</curCd>
        <valUSD>3000000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.87499915</annualizedRt>
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        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
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          <isin value="US605581LC97"/>
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        <curCd>USD</curCd>
        <valUSD>5057350.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
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          <isin value="US605581LE53"/>
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        <balance>14500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14502346.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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>
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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>
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          <isin value="US606092PR96"/>
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        <balance>1350000.00000000</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>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US606092PT52"/>
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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>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Missouri Development Finance Board</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
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          <maturityDt>2028-06-01</maturityDt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
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        <lei>N/A</lei>
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        <name>Montgomery Independent School District</name>
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        <name>Town of Mount Pleasant SC Water &amp; Sewer Revenue</name>
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        <name>Mt San Antonio Community College District</name>
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        <name>Mountain View Los Altos Union High School District/CA</name>
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        <name>Multnomah &amp; Clackamas Counties School District No. 10JT Gresham-Barlow</name>
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        <name>Multnomah County School District No. 40</name>
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      <invstOrSec>
        <name>New York City Health and Hospitals Corp.</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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          <isin value="US64971WV237"/>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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      <invstOrSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <fairValLevel>2</fairValLevel>
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        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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        <lei>54930039Y2EMGXN6LM88</lei>
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        <name>Empire State Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <issuerCat>MUN</issuerCat>
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        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>North Carolina Housing Finance Agency</name>
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      <invstOrSec>
        <name>North Carolina Housing Finance Agency</name>
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      <invstOrSec>
        <name>North Carolina Housing Finance Agency</name>
        <lei>EC4EE0PS5OP5O69B5C39</lei>
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        <name>North Carolina Medical Care Commission</name>
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        <name>North Carolina Housing Finance Agency</name>
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        <name>North Dakota Public Finance Authority</name>
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        <name>North Dakota Housing Finance Agency</name>
        <lei>549300DVQAGW0B16JX70</lei>
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        <lei>549300DVQAGW0B16JX70</lei>
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        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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          <isin value="US659231BQ60"/>
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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>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Senior Lien, Series 2025A</title>
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          <isin value="US659231BR44"/>
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        <curCd>USD</curCd>
        <valUSD>773412.64000000</valUSD>
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        <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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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Senior Lien, Series 2025A</title>
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          <isin value="US659231BS27"/>
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        <curCd>USD</curCd>
        <valUSD>1098708.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Senior Lien, Series 2025A</title>
        <cusip>659231BT0</cusip>
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          <isin value="US659231BT00"/>
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        <curCd>USD</curCd>
        <valUSD>1093105.20000000</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>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Senior Lien, Series 2025A</title>
        <cusip>659231BV5</cusip>
        <identifiers>
          <isin value="US659231BV55"/>
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        <balance>1390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1490843.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</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>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Senior Lien, Series 2025A</title>
        <cusip>659231BW3</cusip>
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          <isin value="US659231BW39"/>
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        <curCd>USD</curCd>
        <valUSD>1278269.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</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>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Senior Lien, Series 2025A</title>
        <cusip>659231BX1</cusip>
        <identifiers>
          <isin value="US659231BX12"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1168462.35000000</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>2043-01-01</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>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Senior Lien, Series 2025A</title>
        <cusip>659231BY9</cusip>
        <identifiers>
          <isin value="US659231BY94"/>
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        <balance>1330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1427888.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Senior Lien, Series 2025A</title>
        <cusip>659231BZ6</cusip>
        <identifiers>
          <isin value="US659231BZ69"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1598842.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Senior Lien, Series 2025A</title>
        <cusip>659231CA0</cusip>
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          <isin value="US659231CA00"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1218050.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CH5</cusip>
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          <isin value="US659231CH52"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>652688.34000000</valUSD>
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        <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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      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
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          <isin value="US659231CJ19"/>
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        <curCd>USD</curCd>
        <valUSD>712980.32000000</valUSD>
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        <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>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CK8</cusip>
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          <isin value="US659231CK81"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-01</maturityDt>
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      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CL6</cusip>
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          <isin value="US659231CL64"/>
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        <valUSD>830182.80000000</valUSD>
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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>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CM4</cusip>
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          <isin value="US659231CM48"/>
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        <valUSD>1100179.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CN2</cusip>
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          <isin value="US659231CN21"/>
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        <curCd>USD</curCd>
        <valUSD>655963.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CP7</cusip>
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          <isin value="US659231CP78"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>652309.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</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>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CQ5</cusip>
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          <isin value="US659231CQ51"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>648989.46000000</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>2039-01-01</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>
      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CR3</cusip>
        <identifiers>
          <isin value="US659231CR35"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>856826.96000000</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>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CS1</cusip>
        <identifiers>
          <isin value="US659231CS18"/>
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        <balance>880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>935294.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CT9</cusip>
        <identifiers>
          <isin value="US659231CT90"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>792244.35000000</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>2042-01-01</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>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CU6</cusip>
        <identifiers>
          <isin value="US659231CU63"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>788374.43000000</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>2043-01-01</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>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CV4</cusip>
        <identifiers>
          <isin value="US659231CV47"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>796871.93000000</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>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CW2</cusip>
        <identifiers>
          <isin value="US659231CW20"/>
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        <balance>725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>764792.50000000</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>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>North East Texas Regional Mobility Authority, Subordinate Lien, Series 2025B</title>
        <cusip>659231CX0</cusip>
        <identifiers>
          <isin value="US659231CX03"/>
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        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>681361.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</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>
        <name>City of North Las Vegas NV</name>
        <lei>N/A</lei>
        <title>City of North Las Vegas, Water and wastewater Reclamation System Limited Tax, Series 2024B</title>
        <cusip>660393X61</cusip>
        <identifiers>
          <isin value="US660393X611"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1118095.40000000</valUSD>
        <pctVal>0.014405202046</pctVal>
        <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>
          <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 of North Las Vegas NV</name>
        <lei>N/A</lei>
        <title>City of North Las Vegas, Water and wastewater Reclamation System Limited Tax, Series 2024B</title>
        <cusip>660393Y29</cusip>
        <identifiers>
          <isin value="US660393Y296"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1129137.30000000</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>2036-06-01</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>
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      <invstOrSec>
        <name>City of North Las Vegas NV</name>
        <lei>N/A</lei>
        <title>City of North Las Vegas, Water and wastewater Reclamation System Limited Tax, Series 2024B</title>
        <cusip>660393Y37</cusip>
        <identifiers>
          <isin value="US660393Y379"/>
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        <balance>1870000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2095613.63000000</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>2037-06-01</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>North Penn School District</name>
        <lei>N/A</lei>
        <title>North Penn School District, Series 2026</title>
        <cusip>661517XY3</cusip>
        <identifiers>
          <isin value="US661517XY32"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1111439.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Borough of North Slope AK</name>
        <lei>N/A</lei>
        <title>Borough of North Slope, Series 2025</title>
        <cusip>662523X46</cusip>
        <identifiers>
          <isin value="US662523X462"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001792.00000000</valUSD>
        <pctVal>0.012906784312</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Borough of North Slope AK</name>
        <lei>N/A</lei>
        <title>Borough of North Slope, Series 2025</title>
        <cusip>662523X53</cusip>
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          <isin value="US662523X538"/>
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        <balance>1220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1250990.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Municipal Water District</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District, Series 2025</title>
        <cusip>6628354H7</cusip>
        <identifiers>
          <isin value="US6628354H78"/>
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        <balance>11465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12176527.07000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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 2025A</title>
        <cusip>66285WU79</cusip>
        <identifiers>
          <isin value="US66285WU794"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3331149.00000000</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>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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 A</title>
        <cusip>66285WWC6</cusip>
        <identifiers>
          <isin value="US66285WWC62"/>
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        <balance>1645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1611321.09000000</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>2043-01-01</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>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, First Tier, Series 2020A</title>
        <cusip>66285WZW9</cusip>
        <identifiers>
          <isin value="US66285WZW99"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5032135.00000000</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>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District Water System, Series 2025</title>
        <cusip>662903H71</cusip>
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          <isin value="US662903H717"/>
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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>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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, Series 2025</title>
        <cusip>662903H89</cusip>
        <identifiers>
          <isin value="US662903H899"/>
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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>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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, Series 2025</title>
        <cusip>662903H97</cusip>
        <identifiers>
          <isin value="US662903H972"/>
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        <balance>1340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1512686.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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, Series 2025</title>
        <cusip>662903J38</cusip>
        <identifiers>
          <isin value="US662903J382"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11141005.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Northeast Ohio Medical University</name>
        <lei>N/A</lei>
        <title>Northeast Ohio Medical University, Series 2022</title>
        <cusip>66433RCS5</cusip>
        <identifiers>
          <isin value="US66433RCS58"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1073065.40000000</valUSD>
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        <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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      <invstOrSec>
        <name>Northern Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
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        <cusip>66585VCA1</cusip>
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          <isin value="US66585VCA17"/>
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        <curCd>USD</curCd>
        <valUSD>1606982.52000000</valUSD>
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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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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-2, Class 2</title>
        <cusip>66585VCB9</cusip>
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          <isin value="US66585VCB99"/>
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        <balance>51383513.00000000</balance>
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        <valUSD>5864898.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <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 2022A</title>
        <cusip>667826DU2</cusip>
        <identifiers>
          <isin value="US667826DU25"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031917.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US667826EE73"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2695151.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
        <title>Northwest Independent School District, Unlimited Tax, Series 2024A</title>
        <cusip>667826GJ4</cusip>
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          <isin value="US667826GJ43"/>
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        <balance>1715000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Norwalk CT</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Nye County School District</name>
        <lei>N/A</lei>
        <title>Nye County School District, Series 2023</title>
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          <isin value="US670692TV47"/>
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        <balance>1360000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Nye County School District</name>
        <lei>N/A</lei>
        <title>Nye County School District, Series 2023</title>
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          <isin value="US670692TW20"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Town of Ocean City MD</name>
        <lei>N/A</lei>
        <title>Town of Ocean City, Series 2023</title>
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          <isin value="US674667WN60"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1009908.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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        <cusip>6775227Y4</cusip>
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          <isin value="US6775227Y48"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
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          <isin value="US677522VH42"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
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          <isin value="US677523LY67"/>
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        <balance>1250000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</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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        <fairValLevel>2</fairValLevel>
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        <name>Oklahoma Industries Authority</name>
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        <name>Omaha Public Facilities Corp.</name>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District, Electric System, Series 2022A</title>
        <cusip>682001HM7</cusip>
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          <isin value="US682001HM76"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3755659.13000000</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>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District, Electric System, Series 2024C</title>
        <cusip>682001NE8</cusip>
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          <isin value="US682001NE86"/>
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        <balance>2150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2336611.83000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>
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          <isin value="US682001NP34"/>
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        <balance>2700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2918208.06000000</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>
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      <invstOrSec>
        <name>Omaha Public Power District</name>
        <lei>54930000VJEJ9CGIYG32</lei>
        <title>Omaha Public Power District, Series 2025A</title>
        <cusip>682001PD8</cusip>
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          <isin value="US682001PD85"/>
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        <balance>1425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1554004.97000000</valUSD>
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        <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>
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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, Series 2026A</title>
        <cusip>682001RQ7</cusip>
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          <isin value="US682001RQ70"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4182563.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Omaha Public Power District Nebraska City Station Unit 2</name>
        <lei>N/A</lei>
        <title>Omaha Public Power District Nebraska City Station Unit 2, Nebraska City 2, Series 2026A</title>
        <cusip>682004GD2</cusip>
        <identifiers>
          <isin value="US682004GD26"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1078988.30000000</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>2045-02-01</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>Omaha Public Power District Nebraska City Station Unit 2</name>
        <lei>N/A</lei>
        <title>Omaha Public Power District Nebraska City Station Unit 2, Nebraska City 2, Series 2026A</title>
        <cusip>682004GF7</cusip>
        <identifiers>
          <isin value="US682004GF73"/>
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        <balance>2755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2899115.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Onondaga Civic Development Corp.</name>
        <lei>N/A</lei>
        <title>Onondaga Civic Development Corp., Syracuse University Project, Series 2025</title>
        <cusip>682832KU3</cusip>
        <identifiers>
          <isin value="US682832KU35"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1393100.63000000</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>2031-12-01</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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          <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, Series 2025</title>
        <cusip>682832KX7</cusip>
        <identifiers>
          <isin value="US682832KX73"/>
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        <balance>1675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1928706.05000000</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>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Onondaga Civic Development Corp.</name>
        <lei>N/A</lei>
        <title>Onondaga Civic Development Corp., Syracuse University Project, Series 2025</title>
        <cusip>682832LJ7</cusip>
        <identifiers>
          <isin value="US682832LJ70"/>
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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1267327.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Onondaga Civic Development Corp.</name>
        <lei>N/A</lei>
        <title>Onondaga Civic Development Corp., Syracuse University Project, Series 2025</title>
        <cusip>682832LK4</cusip>
        <identifiers>
          <isin value="US682832LK44"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4987242.50000000</valUSD>
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        <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>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ontario Public Financing Authority</name>
        <lei>N/A</lei>
        <title>Ontario Public Financing Authority, Series 2025A</title>
        <cusip>68304REK2</cusip>
        <identifiers>
          <isin value="US68304REK23"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3982781.20000000</valUSD>
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        <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>4.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Orange County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Orange County Health Facilities Authority, Orlando Health Obligated Group, Series 2023A</title>
        <cusip>68450LHD0</cusip>
        <identifiers>
          <isin value="US68450LHD01"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>819279.00000000</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>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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      <invstOrSec>
        <name>Orchard Farm R-V School District</name>
        <lei>N/A</lei>
        <title>Orchard Farm R-V School District, Missouri Direct Deposit Program, Series 2024A</title>
        <cusip>68562PHU8</cusip>
        <identifiers>
          <isin value="US68562PHU84"/>
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        <balance>5325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6137295.20000000</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>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Oregon Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Oregon Department of Transportation, Subordinate Lien, Series 2026A</title>
        <cusip>68607DXU4</cusip>
        <identifiers>
          <isin value="US68607DXU44"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1107839.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Oregon Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Oregon Department of Transportation, Subordinate Lien, Series 2026A</title>
        <cusip>68607DXV2</cusip>
        <identifiers>
          <isin value="US68607DXV27"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>385385.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-11-15</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>State of Oregon Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Oregon Department of Transportation, Subordinate Lien, Series 2026A</title>
        <cusip>68607DXW0</cusip>
        <identifiers>
          <isin value="US68607DXW00"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1091301.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</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>State of Oregon Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Oregon Department of Transportation, Subordinate Lien, Series 2026A</title>
        <cusip>68607DXX8</cusip>
        <identifiers>
          <isin value="US68607DXX82"/>
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        <name>Palm Beach County Health Facilities Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Palm Beach FL</name>
        <lei>N/A</lei>
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          <isin value="US696543TN76"/>
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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>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Palm Coast FL Utility Revenue</name>
        <lei>N/A</lei>
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          <isin value="US69661KED81"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Palm Coast FL Utility Revenue</name>
        <lei>N/A</lei>
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          <isin value="US69661KEE64"/>
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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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      <invstOrSec>
        <name>Park Creek Metropolitan District</name>
        <lei>N/A</lei>
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          <isin value="US700385BU03"/>
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        <balance>720000.00000000</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>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Park Creek Metropolitan District</name>
        <lei>N/A</lei>
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          <isin value="US700385BW68"/>
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        <balance>1480000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Park Creek Metropolitan District</name>
        <lei>N/A</lei>
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        <cusip>700385CC9</cusip>
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          <isin value="US700385CC95"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Park Creek Metropolitan District</name>
        <lei>N/A</lei>
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          <isin value="US700385CD78"/>
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        <balance>1375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1469840.49000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Park Ridge Park District</name>
        <lei>N/A</lei>
        <title>Park Ridge Park District, Series 2023B</title>
        <cusip>700787CT9</cusip>
        <identifiers>
          <isin value="US700787CT90"/>
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        <balance>1030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1030720.90000000</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>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pasadena Independent School District</name>
        <lei>549300QY114RR4MXVU24</lei>
        <title>Pasadena Independent School District, Unlimited Tax, Series 2023</title>
        <cusip>702334GZ0</cusip>
        <identifiers>
          <isin value="US702334GZ01"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5176169.50000000</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>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Patriots Energy Group Financing Agency</name>
        <lei>5493008X0DFBVFH4HL19</lei>
        <title>Patriots Energy Group Financing Agency, Series 2023, Subseries B-1</title>
        <cusip>70342PAR5</cusip>
        <identifiers>
          <isin value="US70342PAR55"/>
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        <balance>2670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2877405.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Paulding County Hospital Authority/GA</name>
        <lei>N/A</lei>
        <title>Paulding County Hospital Authority, Series 2026A</title>
        <cusip>703596EJ1</cusip>
        <identifiers>
          <isin value="US703596EJ12"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4515021.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Paulding County School District</name>
        <lei>N/A</lei>
        <title>Paulding County School District, Series 2025</title>
        <cusip>703600GJ9</cusip>
        <identifiers>
          <isin value="US703600GJ97"/>
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        <balance>3055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3306244.42000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <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>Paulding County School District</name>
        <lei>N/A</lei>
        <title>Paulding County School District, Series 2025</title>
        <cusip>703600GK6</cusip>
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          <isin value="US703600GK60"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1926062.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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>704612GK0</cusip>
        <identifiers>
          <isin value="US704612GK07"/>
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        <balance>6780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7404425.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <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>704612GM6</cusip>
        <identifiers>
          <isin value="US704612GM62"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>2157539.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <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>704612GN4</cusip>
        <identifiers>
          <isin value="US704612GN46"/>
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        <balance>5055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5421044.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>5612261.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>PEFA, Inc.</name>
        <lei>549300RSE249DJNRHY07</lei>
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        <cusip>70556CAL8</cusip>
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        <name>Pennsylvania Turnpike Commission</name>
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          <couponKind>Fixed</couponKind>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Philadelphia Authority for Industrial Development</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Philadelphia Gas Works Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>School District of Philadelphia (The)</name>
        <lei>254900HSKDHZKBZCUL90</lei>
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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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        <name>School District of Philadelphia (The)</name>
        <lei>254900HSKDHZKBZCUL90</lei>
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        <name>School District of Philadelphia (The)</name>
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        <name>School District of Philadelphia (The)</name>
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        <name>School District of Philadelphia (The)</name>
        <lei>254900HSKDHZKBZCUL90</lei>
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        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
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        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Rochester MN</name>
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      <invstOrSec>
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          <isin value="US771902JC85"/>
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        <lei>N/A</lei>
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          <maturityDt>2047-06-01</maturityDt>
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        <name>Rocky Mountain Rail Park Metropolitan District</name>
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          <isin value="US774762AA63"/>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isin value="US774762AB47"/>
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      <invstOrSec>
        <name>City of Rogers MN</name>
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        <name>Rome Building Authority</name>
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          <couponKind>Fixed</couponKind>
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        <name>Roswell Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US77853AAA16"/>
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        <name>City of Round Rock TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
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        <name>Round Rock Independent School District</name>
        <lei>N/A</lei>
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        <name>Rutherford County Health &amp; Educational Facilities Board</name>
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        <name>City of St Cloud MN</name>
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        <name>Parish of St. John the Baptist LA</name>
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        <name>City of St Marys KS</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Savannah Georgia Convention Center Authority</name>
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        <name>Village of Scotia NY</name>
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        <name>Scottsdale Municipal Property Corp.</name>
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        <name>City of Seattle WA Municipal Light &amp; Power Revenue</name>
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        <name>Selma Industrial Development Board</name>
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        <name>Seminole County Industrial Development Authority</name>
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        <name>Seminole County Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Public Service Authority</name>
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          <couponKind>Fixed</couponKind>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>South Central Connecticut Regional Water Authority</name>
        <lei>N/A</lei>
        <title>South Central Connecticut Regional Water Authority, Series FORTIETH</title>
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          <isin value="US83722AEU07"/>
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        <valUSD>1146187.40000000</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>2034-08-01</maturityDt>
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        <name>South Central Connecticut Regional Water Authority</name>
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        <name>South Central Connecticut Regional Water Authority</name>
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          <isin value="US83722AEW62"/>
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        <name>South Central Connecticut Regional Water Authority</name>
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        <name>South Central Connecticut Regional Water Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Central Connecticut Regional Water Authority</name>
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        <title>South Central Connecticut Regional Water Authority, Series FORTIETH</title>
        <cusip>83722AEZ9</cusip>
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          <isin value="US83722AEZ93"/>
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        <curCd>USD</curCd>
        <valUSD>245091.64000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <name>South Dakota Housing Development Authority</name>
        <lei>549300G853EK61667C18</lei>
        <title>South Dakota Housing Development Authority, Series 2024C</title>
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      <invstOrSec>
        <name>South Dakota Housing Development Authority</name>
        <lei>549300G853EK61667C18</lei>
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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>South Jersey Transportation Authority</name>
        <lei>549300W8SZI2CAOKT956</lei>
        <title>South Jersey Transportation Authority, Series 2025A</title>
        <cusip>838536NQ9</cusip>
        <identifiers>
          <isin value="US838536NQ92"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1837478.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>South Jersey Transportation Authority</name>
        <lei>549300W8SZI2CAOKT956</lei>
        <title>South Jersey Transportation Authority, Series 2025A</title>
        <cusip>838536NR7</cusip>
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          <isin value="US838536NR75"/>
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        <curCd>USD</curCd>
        <valUSD>1727880.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>City of South Miami Health Facilities Authority, Inc.</name>
        <lei>N/A</lei>
        <title>City of South Miami Health Facilities Authority, Inc., Baptist Health South, Series 2025B</title>
        <cusip>838810EM7</cusip>
        <identifiers>
          <isin value="US838810EM78"/>
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        <balance>11600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12531225.96000000</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>2065-08-15</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Southeast Alabama Gas Supply District (The)</name>
        <lei>549300BL04JIB2GJZ178</lei>
        <title>Southeast Alabama Gas Supply District (The), Project No. 2, Series 2024B</title>
        <cusip>84131TBT8</cusip>
        <identifiers>
          <isin value="US84131TBT88"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1580034.15000000</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>2049-06-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District, Project No. 2, Series 2021B</title>
        <cusip>84136FAV9</cusip>
        <identifiers>
          <isin value="US84136FAV94"/>
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        <balance>8820000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8918569.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District, Project No. 3, Series 2022A-1</title>
        <cusip>84136FBL0</cusip>
        <identifiers>
          <isin value="US84136FBL04"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1063033.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000080</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District, Project No. 6, Series 2023B</title>
        <cusip>84136GAK1</cusip>
        <identifiers>
          <isin value="US84136GAK13"/>
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        <balance>5870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6217679.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District, Energy Supply, Series 2024A</title>
        <cusip>84136HAU7</cusip>
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          <isin value="US84136HAU77"/>
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        <curCd>USD</curCd>
        <valUSD>18912027.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District, Series 2025A</title>
        <cusip>84136HBC6</cusip>
        <identifiers>
          <isin value="US84136HBC60"/>
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        <balance>6125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6259521.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District, Series 2025D</title>
        <cusip>84136HCP6</cusip>
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          <isin value="US84136HCP64"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2713705.25000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>Southeast Energy Authority A Cooperative District, Series 2025H</title>
        <cusip>84136HDM2</cusip>
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          <isin value="US84136HDM25"/>
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        <balance>5075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5401997.48000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southeast Overtown Park West Community Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Southeast Overtown Park West Community Redevelopment Agency, Flag Tax Increment, Series 2025A</title>
        <cusip>841466AV7</cusip>
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          <isin value="US841466AV72"/>
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        <curCd>USD</curCd>
        <valUSD>2779066.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Southeast Overtown Park West Community Redevelopment Agency</name>
        <lei>N/A</lei>
        <title>Southeast Overtown Park West Community Redevelopment Agency, Flag Tax Increment, Series 2025A</title>
        <cusip>841466AW5</cusip>
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          <isin value="US841466AW55"/>
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        <curCd>USD</curCd>
        <valUSD>3357213.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern California Logistics Airport Authority</name>
        <lei>N/A</lei>
        <title>Southern California Logistics Airport Authority, Junior Lien, Series 2025A</title>
        <cusip>842472EL2</cusip>
        <identifiers>
          <isin value="US842472EL21"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1137912.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern California Logistics Airport Authority</name>
        <lei>N/A</lei>
        <title>Southern California Logistics Airport Authority, Junior Lien, Series 2025A</title>
        <cusip>842472EM0</cusip>
        <identifiers>
          <isin value="US842472EM04"/>
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        <curCd>USD</curCd>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern California Logistics Airport Authority</name>
        <lei>N/A</lei>
        <title>Southern California Logistics Airport Authority, Junior Lien, Series 2025A</title>
        <cusip>842472EQ1</cusip>
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          <isin value="US842472EQ18"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1110876.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority, Series 2026A</title>
        <cusip>84247PPF2</cusip>
        <identifiers>
          <isin value="US84247PPF26"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21314220.00000000</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>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>Suffolk Tobacco Asset Securitization Corp.</name>
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        <name>Suffolk Regional Off-Track Betting Corp.</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas A&amp;M University</name>
        <lei>N/A</lei>
        <title>Texas A&amp;M University, Financing System, Series 2017E</title>
        <cusip>88213AKZ7</cusip>
        <identifiers>
          <isin value="US88213AKZ74"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>158391.48000000</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>2030-05-15</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>
        </securityLending>
      </invstOrSec>
      <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 2023A</title>
        <cusip>88256PAG5</cusip>
        <identifiers>
          <isin value="US88256PAG54"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5282107.50000000</valUSD>
        <pctVal>0.068053071114</pctVal>
        <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>
      <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>12825000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>14041738.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>
      <invstOrSec>
        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. V</name>
        <lei>254900XZ4J30QIJO9G03</lei>
        <title>Texas Municipal Gas Acquisition and Supply Corp. V, Gas Supply, Series 2024</title>
        <cusip>88256RAK2</cusip>
        <identifiers>
          <isin value="US88256RAK23"/>
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        <balance>11520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12316790.02000000</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>2055-01-01</maturityDt>
          <couponKind>Variable</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>Texas Municipal Gas Acquisition &amp; Supply Corp. V</name>
        <lei>254900XZ4J30QIJO9G03</lei>
        <title>Texas Municipal Gas Acquisition and Supply Corp. V, Gas Supply, Series 2026</title>
        <cusip>88256RAV8</cusip>
        <identifiers>
          <isin value="US88256RAV87"/>
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        <balance>22950000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>24197155.79000000</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>2036-04-01</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>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 2019</title>
        <cusip>882667AN8</cusip>
        <identifiers>
          <isin value="US882667AN81"/>
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        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5963718.00000000</valUSD>
        <pctVal>0.076834734083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-06-30</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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1101837.46000000</valUSD>
        <pctVal>0.014195739678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2989150.57000000</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>2036-12-31</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
        <cusip>88271FFP3</cusip>
        <identifiers>
          <isin value="US88271FFP36"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3001308.30000000</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>2044-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.75000000</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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, College Student Loan, Series 2025</title>
        <cusip>8827242T3</cusip>
        <identifiers>
          <isin value="US8827242T35"/>
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        <balance>2170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2303874.24000000</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>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Series 2025B</title>
        <cusip>8827244U8</cusip>
        <identifiers>
          <isin value="US8827244U89"/>
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        <balance>2255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2554704.83000000</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>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Series 2025</title>
        <cusip>882725CZ5</cusip>
        <identifiers>
          <isin value="US882725CZ51"/>
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        <balance>2870000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3294785.26000000</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>5.00000000</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 Department of Housing &amp; Community Affairs</name>
        <lei>549300J3RRLLZZN4WP77</lei>
        <title>Texas Department of Housing and Community Affairs, Series 2026A</title>
        <cusip>882750T36</cusip>
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          <isin value="US882750T364"/>
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        <balance>12750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14291307.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <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>88277PAN5</cusip>
        <identifiers>
          <isin value="US88277PAN50"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>635552.69000000</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>
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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>
      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
        <title>Texas State University System, Series 2026C</title>
        <cusip>88278PM68</cusip>
        <identifiers>
          <isin value="US88278PM687"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1882335.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</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>Texas State University System</name>
        <lei>N/A</lei>
        <title>Texas State University System, Series 2026C</title>
        <cusip>88278PM76</cusip>
        <identifiers>
          <isin value="US88278PM760"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2451400.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3738414.05000000</valUSD>
        <pctVal>0.048164592863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System, First Tier, Series 2024A</title>
        <cusip>88283KBR8</cusip>
        <identifiers>
          <isin value="US88283KBR86"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2214107.20000000</valUSD>
        <pctVal>0.028525885687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System, Second Tier, Series 2024C</title>
        <cusip>88283KBY3</cusip>
        <identifiers>
          <isin value="US88283KBY38"/>
        </identifiers>
        <balance>8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8921209.60000000</valUSD>
        <pctVal>0.114938158932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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"/>
        </identifiers>
        <balance>6540000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7344978.52000000</valUSD>
        <pctVal>0.094630475725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System, Second Tier, Series 2024C</title>
        <cusip>88283KCC0</cusip>
        <identifiers>
          <isin value="US88283KCC09"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1657825.05000000</valUSD>
        <pctVal>0.021358915172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Transportation Finance Corp.</name>
        <lei>N/A</lei>
        <title>Texas Transportation Finance Corp., Series 2025A</title>
        <cusip>88283PAF4</cusip>
        <identifiers>
          <isin value="US88283PAF45"/>
        </identifiers>
        <balance>5275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5848259.04000000</valUSD>
        <pctVal>0.075347195857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Transportation Finance Corp.</name>
        <lei>N/A</lei>
        <title>Texas Transportation Finance Corp. Subordinate Tier, Series 2025A</title>
        <cusip>88283PAG2</cusip>
        <identifiers>
          <isin value="US88283PAG28"/>
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        <balance>6500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7171567.00000000</valUSD>
        <pctVal>0.092396294292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Transportation Finance Corp.</name>
        <lei>N/A</lei>
        <title>Texas Transportation Finance Corp. Subordinate Tier, Series 2025A</title>
        <cusip>88283PAH0</cusip>
        <identifiers>
          <isin value="US88283PAH01"/>
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        <balance>5500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6029096.15000000</valUSD>
        <pctVal>0.077677046340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, State Water Implementation Fund, Series 2018B</title>
        <cusip>882854N81</cusip>
        <identifiers>
          <isin value="US882854N813"/>
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        <balance>7000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7379089.90000000</valUSD>
        <pctVal>0.095069956399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2023A</title>
        <cusip>88285ADK1</cusip>
        <identifiers>
          <isin value="US88285ADK16"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1891661.57000000</valUSD>
        <pctVal>0.024371593979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2023A</title>
        <cusip>88285ADU9</cusip>
        <identifiers>
          <isin value="US88285ADU97"/>
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        <balance>1725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1778533.31000000</valUSD>
        <pctVal>0.022914083786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-10-15</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>
      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, State Water Implementation Fund, Series 2024A</title>
        <cusip>88285AFZ6</cusip>
        <identifiers>
          <isin value="US88285AFZ66"/>
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        <balance>1160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1112087.94000000</valUSD>
        <pctVal>0.014327803753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2025</title>
        <cusip>88285AJP4</cusip>
        <identifiers>
          <isin value="US88285AJP49"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1725017.40000000</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>2036-04-15</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Series 2025</title>
        <cusip>88285AJY5</cusip>
        <identifiers>
          <isin value="US88285AJY55"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5538429.50000000</valUSD>
        <pctVal>0.071355446027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</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>
      <invstOrSec>
        <name>Third Creek Metropolitan District No. 1</name>
        <lei>N/A</lei>
        <title>Third Creek Metropolitan District No. 1, Limited Tax, Series 2022A-1</title>
        <cusip>88423EAC7</cusip>
        <identifiers>
          <isin value="US88423EAC75"/>
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        <balance>1515000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1203381.77000000</valUSD>
        <pctVal>0.015504005772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>Three Rivers Regional Wastewater Authority</name>
        <lei>N/A</lei>
        <title>Three Rivers Regional Wastewater Authority, Series 2024</title>
        <cusip>885754AN1</cusip>
        <identifiers>
          <isin value="US885754AN13"/>
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        <balance>1275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1417934.77000000</valUSD>
        <pctVal>0.018268241556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>118775.38000000</valUSD>
        <pctVal>0.001530265974</pctVal>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tobacco Securitization Authority of Southern California</name>
        <lei>N/A</lei>
        <title>Tobacco Securitization Authority of Southern California, San Diego County Tobacco Asset Securitization Corp., Series 2019A, Class 1</title>
        <cusip>888804CR0</cusip>
        <identifiers>
          <isin value="US888804CR03"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3022919.40000000</valUSD>
        <pctVal>0.038946376782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iowa Tobacco Settlement Authority</name>
        <lei>N/A</lei>
        <title>Iowa Tobacco Settlement Authority, Subordinate Senior Capital Appreciation Asset Backed, Series 2021B-2</title>
        <cusip>888805CJ5</cusip>
        <identifiers>
          <isin value="US888805CJ51"/>
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        <balance>58910000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>8551823.32000000</valUSD>
        <pctVal>0.110179098125</pctVal>
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        <assetCat>DBT</assetCat>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>TSASC, Inc.</name>
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        <name>TSASC, Inc.</name>
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          <isin value="US898526FE35"/>
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        <name>TSASC, Inc.</name>
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          <isin value="US898526FF00"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>2026 Loan Holding-1</name>
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          <isin value="US90218FAA30"/>
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        <name>Union County Hospital Facility Authority</name>
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        <name>University of Alabama (The)</name>
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        <name>University of Arkansas</name>
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        <name>University of California</name>
        <lei>N/A</lei>
        <title>University of California, Series 2013AL-3</title>
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          <isin value="US91412GSH91"/>
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        <name>University of Colorado</name>
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        <name>University of Colorado</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>University of Colorado</name>
        <lei>N/A</lei>
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        <name>University of Illinois</name>
        <lei>549300VD8PPC4Q5HK850</lei>
        <title>Board of Trustees of the University of Illinois (The), Series 2021A</title>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Kentucky</name>
        <lei>549300CXE3YQ1HXYCQ71</lei>
        <title>University of Kentucky, General Receipts, Series 2015A</title>
        <cusip>914378HP2</cusip>
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          <isin value="US914378HP26"/>
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        <balance>5000000.00000000</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>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Kentucky</name>
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      <invstOrSec>
        <name>University of Massachusetts Building Authority</name>
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        <name>University of Oklahoma (The)</name>
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        <name>Permanent University Fund - University of Texas System</name>
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        <name>Board of Regents of the University of Texas System</name>
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        <name>University of Wisconsin Hospitals &amp; Clinics</name>
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        <name>Utah Housing Corp.</name>
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        <name>Utah Housing Corp.</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>Utah Infrastructure Agency</name>
        <lei>549300WD2FDRNXU16V82</lei>
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          <isin value="US917471AY05"/>
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        <valUSD>1576098.89000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
        <title>Utah Transit Authority, Sales Tax, Series 2023</title>
        <cusip>917567HB8</cusip>
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          <isin value="US917567HB83"/>
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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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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
        <title>Utah Transit Authority, Sales Tax, Series 2024</title>
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          <isin value="US917567HP79"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Utah Transit Authority</name>
        <lei>N/A</lei>
        <title>Utah Transit Authority, Sales Tax, Series 2025</title>
        <cusip>917567JL4</cusip>
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          <isin value="US917567JL48"/>
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        <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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      <invstOrSec>
        <name>Utah Telecommunication Open Infrastructure Agency</name>
        <lei>549300LCGT5UXUJ1LP77</lei>
        <title>Utah Telecommunication Open Infrastructure Agency, Sales Tax and Telecommunications, Series 2022</title>
        <cusip>91756SAM5</cusip>
        <identifiers>
          <isin value="US91756SAM52"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>362836.14000000</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>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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, Series 2022</title>
        <cusip>91756SAN3</cusip>
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          <isin value="US91756SAN36"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>644538.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>Utility Debt Securitization Authority, Restructuring Bond, Series 2025TE-1</title>
        <cusip>91802RJP5</cusip>
        <identifiers>
          <isin value="US91802RJP55"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1615354.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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, Series 2025</title>
        <cusip>91879VAB4</cusip>
        <identifiers>
          <isin value="US91879VAB45"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2071622.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>King &amp; Pierce Counties Valley Regional Fire Authority</name>
        <lei>N/A</lei>
        <title>King and Pierce Counties Valley Regional Fire Authority, Unlimited Tax, Series 2024</title>
        <cusip>92007ABX4</cusip>
        <identifiers>
          <isin value="US92007ABX46"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1580359.34000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>King &amp; Pierce Counties Valley Regional Fire Authority</name>
        <lei>N/A</lei>
        <title>King and Pierce Counties Valley Regional Fire Authority, Unlimited Tax, Series 2024</title>
        <cusip>92007ABY2</cusip>
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          <isin value="US92007ABY29"/>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>King &amp; Pierce Counties Valley Regional Fire Authority</name>
        <lei>N/A</lei>
        <title>King and Pierce Counties Valley Regional Fire Authority, Unlimited Tax, Series 2024</title>
        <cusip>92007ABZ9</cusip>
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          <isin value="US92007ABZ93"/>
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          <maturityDt>2038-12-01</maturityDt>
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      <invstOrSec>
        <name>King &amp; Pierce Counties Valley Regional Fire Authority</name>
        <lei>N/A</lei>
        <title>King and Pierce Counties Valley Regional Fire Authority, Unlimited Tax, Series 2024</title>
        <cusip>92007ACA3</cusip>
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          <isin value="US92007ACA34"/>
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          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Vancouver Housing Authority</name>
        <lei>N/A</lei>
        <title>Vancouver Housing Authority, Series 2025</title>
        <cusip>921626PU5</cusip>
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          <isin value="US921626PU57"/>
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        <balance>9000000.00000000</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>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Ventura Unified School District</name>
        <lei>N/A</lei>
        <title>Ventura Unified School District, Election of 2022, Series 2022B</title>
        <cusip>923004UK9</cusip>
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          <isin value="US923004UK92"/>
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        <curCd>USD</curCd>
        <valUSD>985332.70000000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Verve Metropolitan District No. 1</name>
        <lei>N/A</lei>
        <title>Verve Metropolitan District No. 1, Series 2023</title>
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          <isin value="US92538YAD58"/>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Village Community Development District No. 15</name>
        <lei>N/A</lei>
        <title>Village Community Development District No. 15, Series 2023</title>
        <cusip>92708KAA5</cusip>
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          <isin value="US92708KAA51"/>
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        <valUSD>96182.56000000</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>2028-05-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Village Community Development District No. 15</name>
        <lei>N/A</lei>
        <title>Village Community Development District No. 15, Series 2023</title>
        <cusip>92708KAC1</cusip>
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          <isin value="US92708KAC18"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1036235.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Vinton-Tecumseh School Building Corp.</name>
        <lei>N/A</lei>
        <title>Vinton-Tecumseh School Building Corp., Ad Valorem Property Tax, Series 2021</title>
        <cusip>927557NR5</cusip>
        <identifiers>
          <isin value="US927557NR54"/>
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        <balance>1125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1207087.09000000</valUSD>
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      <invstOrSec>
        <name>West Ottawa Public Schools</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of West Palm Beach FL Utility System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>West Virginia Economic Development Authority</name>
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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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        <name>West Virginia Hospital Finance Authority</name>
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          <isin value="US956622V685"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Westchester County Local Development Corp.</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Westchester County Local Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Westchester County Local Development Corp.</name>
        <lei>549300KOSU8OC75V9238</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wilkes-Barre Area School District/PA</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2044-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Will County School District No. 86 Joliet</name>
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          <isin value="US968767PH05"/>
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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>Will County Community Unit School District No. 365-U Valley View</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Village of Wilmette IL</name>
        <lei>N/A</lei>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Housing &amp; Economic Development Authority Home Ownership Revenue</name>
        <lei>N/A</lei>
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        <cusip>97689QTU0</cusip>
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          <isin value="US97689QTU03"/>
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          <couponKind>Fixed</couponKind>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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          <isin value="US97705MD932"/>
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        <lei>549300VTAT608CNZ5827</lei>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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      <invstOrSec>
        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>Wyoming Community Development Authority</name>
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        <name>Yonkers Industrial Development Agency</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
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          <isin value="US988522BP21"/>
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        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="TUU6COM"/>
          <other otherDesc="Future Ticker" value="TUU6 Comdty"/>
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              <counterpartyName>CME Clearing House</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
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    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
