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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
        <title>Alabama Federal Aid Highway Finance Authority, Series 2016A</title>
        <cusip>010268BA7</cusip>
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          <isin value="US010268BA78"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <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>Alabama Federal Aid Highway Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US010268BX71"/>
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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>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Alabama</name>
        <lei>549300TKZX0YNENZC895</lei>
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        <identifiers>
          <isin value="US010411BQ84"/>
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        <curCd>USD</curCd>
        <valUSD>25295.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Alachua County School Board</name>
        <lei>N/A</lei>
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          <isin value="US01069SGM08"/>
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        <curCd>USD</curCd>
        <valUSD>67279.40000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alamo Community College District</name>
        <lei>N/A</lei>
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          <isin value="US011415RF59"/>
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        <valUSD>26042.88000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alamo Community College District</name>
        <lei>N/A</lei>
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          <isin value="US011415TK27"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Alaska</name>
        <lei>N/A</lei>
        <title>State of Alaska, Series 2024B</title>
        <cusip>0117705T7</cusip>
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          <isin value="US0117705T70"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1067365.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Municipal Bond Bank Authority</name>
        <lei>N/A</lei>
        <title>Alaska Municipal Bond Bank Authority, Series 3</title>
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          <isin value="US01179RSX25"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25493.09000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Albany-Dougherty Payroll Development Authority</name>
        <lei>N/A</lei>
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        <cusip>012192AB6</cusip>
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          <isin value="US012192AB67"/>
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        <curCd>USD</curCd>
        <valUSD>26298.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.20000000</annualizedRt>
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      <invstOrSec>
        <name>Albuquerque Bernalillo County Water Utility Authority</name>
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          <isin value="US013493HX27"/>
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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>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Allegheny County Hospital Development Authority</name>
        <lei>54930046B973R604OG22</lei>
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          <isin value="US01728A3L81"/>
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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>Allegheny County Hospital Development Authority</name>
        <lei>54930046B973R604OG22</lei>
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          <isin value="US01728A4L72"/>
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          <maturityDt>2026-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Allegheny County Hospital Development Authority</name>
        <lei>54930046B973R604OG22</lei>
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          <isin value="US01728AQM17"/>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>Allegheny County Higher Education Building Authority</name>
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          <isin value="US01728RLQ01"/>
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        <name>Allegheny County Higher Education Building Authority</name>
        <lei>N/A</lei>
        <title>Allegheny County Higher Education Building Authority, Robert Morris University</title>
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          <isin value="US01728RMT31"/>
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        <name>Allegheny County Sanitary Authority</name>
        <lei>N/A</lei>
        <title>Allegheny County Sanitary Authority, Sewer, Series 2020A</title>
        <cusip>017357F74</cusip>
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          <isin value="US017357F746"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Allen OH Hospital Facilities Revenue</name>
        <lei>N/A</lei>
        <title>County of Allen Hospital Facilities, Series 2017A</title>
        <cusip>01757LFS0</cusip>
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          <isin value="US01757LFS07"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alpine School District/UT</name>
        <lei>N/A</lei>
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          <isin value="US021087VK45"/>
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      <invstOrSec>
        <name>Altmar-Parish-Williamstown Central School District</name>
        <lei>N/A</lei>
        <title>Altmar-Parish-Williamstown Central School District, Series 2025B</title>
        <cusip>021501GR6</cusip>
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          <isin value="US021501GR60"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
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          <isin value="US02765UNP56"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc., Combined Hydroelectric Projects, Series 2020A</title>
        <cusip>02765UQC1</cusip>
        <identifiers>
          <isin value="US02765UQC17"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>337938.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Town of Amherst NY</name>
        <lei>549300Y05O1QJP3REV80</lei>
        <title>Town of Amherst</title>
        <cusip>031304DE5</cusip>
        <identifiers>
          <isin value="US031304DE58"/>
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        <balance>6100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6171107.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Series 2024A</title>
        <cusip>04052FEN1</cusip>
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          <isin value="US04052FEN15"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Sports &amp; Tourism Authority</name>
        <lei>5493000FS1Q9KGAM2L28</lei>
        <title>Arizona Sports and Tourism Authority, Senior Lien Multipurpose Stadium Facility Project</title>
        <cusip>040583BT2</cusip>
        <identifiers>
          <isin value="US040583BT23"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>777514.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Water Infrastructure Finance Authority</name>
        <lei>N/A</lei>
        <title>Arizona Water Infrastructure Finance Authority, Series 2024</title>
        <cusip>040688PD9</cusip>
        <identifiers>
          <isin value="US040688PD94"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4179719.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arlington Housing Finance Corp.</name>
        <lei>N/A</lei>
        <title>Arlington Housing Finance Corp., Multi Family Housing 6900 Matlock Road, Series 2023</title>
        <cusip>041818AB1</cusip>
        <identifiers>
          <isin value="US041818AB11"/>
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        <balance>1580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1582314.38000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Asbury Park NJ</name>
        <lei>N/A</lei>
        <title>City of Asbury Park, Transportation Sewer Utility, Series 2026A</title>
        <cusip>043447TT8</cusip>
        <identifiers>
          <isin value="US043447TT80"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5066412.50000000</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>2027-01-12</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atlanta Development Authority (The)</name>
        <lei>N/A</lei>
        <title>Atlanta Development Authority, Georgia State University Research Foundation Science Park LLC Project, Series 2016</title>
        <cusip>04780NKQ9</cusip>
        <identifiers>
          <isin value="US04780NKQ96"/>
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        <balance>1555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1563226.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Atlanta GA Water &amp; Wastewater Revenue</name>
        <lei>N/A</lei>
        <title>City of Atlanta Water and Wastewater, Series 2004</title>
        <cusip>047870EZ9</cusip>
        <identifiers>
          <isin value="US047870EZ94"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1060958.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atlantic County Improvement Authority (The)</name>
        <lei>N/A</lei>
        <title>Atlantic County Improvement Authority (The), Atlantic City Campus Phase II Project, Series 2021A</title>
        <cusip>048501HY9</cusip>
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          <isin value="US048501HY97"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100883.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Ausable Valley Central School District</name>
        <lei>5493007R5JT7OH6ZYR81</lei>
        <title>Ausable Valley Central School District</title>
        <cusip>052087GL1</cusip>
        <identifiers>
          <isin value="US052087GL14"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3016562.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Austin TX Airport System Revenue</name>
        <lei>N/A</lei>
        <title>City of Austin, Airport System, Series 2017A</title>
        <cusip>052398EU4</cusip>
        <identifiers>
          <isin value="US052398EU43"/>
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        <balance>50000.00000000</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>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Austin Independent School District</name>
        <lei>N/A</lei>
        <title>Austin Independent School District, Unlimited Tax, Series 2019</title>
        <cusip>052430QD0</cusip>
        <identifiers>
          <isin value="US052430QD08"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37296.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Austin TX Water &amp; Wastewater System Revenue</name>
        <lei>N/A</lei>
        <title>City of Austin Water and Wastewater System</title>
        <cusip>052477D52</cusip>
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          <isin value="US052477D529"/>
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        <balance>155000.00000000</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>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Austin TX Water &amp; Wastewater System Revenue</name>
        <lei>N/A</lei>
        <title>City of Austin Water and Wastewater System</title>
        <cusip>052477M94</cusip>
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          <isin value="US052477M942"/>
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        <balance>15000.00000000</balance>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>City of Boston MA</name>
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      <invstOrSec>
        <name>Brasher Falls Central School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
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        <name>City of Brockton MA</name>
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      <invstOrSec>
        <name>Brocton Central School District</name>
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          <isin value="US112012FB01"/>
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        <name>County of Broward FL Airport System Revenue</name>
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        <name>School District of Broward County/FL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Build NYC Resource Corp.</name>
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        <name>Development Authority of Burke County (The)</name>
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        <name>Burleson Independent School District</name>
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        <name>Burlington County Bridge Commission</name>
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        <name>California Community Choice Financing Authority</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
        <lei>549300C1OG9RDIM8ET06</lei>
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        <name>California Housing Finance Agency</name>
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        <name>California Municipal Finance Authority</name>
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        <name>California Pollution Control Financing Authority</name>
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        <name>Canadian County Independent School District No. 69 Mustang</name>
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      <invstOrSec>
        <name>Canisteo-Greenwood Central School District</name>
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      <invstOrSec>
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        <valUSD>8525843.40000000</valUSD>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Carol Stream Park District</name>
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          <maturityDt>2026-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Carson City NV</name>
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          <maturityDt>2027-09-01</maturityDt>
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        <name>Cedartown Polk County Hospital Authority</name>
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        <name>Central Florida Expressway Authority</name>
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          <isin value="US153476BH85"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Central Ohio Solid Waste Authority</name>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>Charlotte-Mecklenburg Hospital Authority (The)</name>
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        <name>Town of Charlton MA</name>
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        <name>City of Chattanooga TN Electric Revenue</name>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>County of Dallas TX</name>
        <lei>N/A</lei>
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          <isin value="US234650NK17"/>
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      <invstOrSec>
        <name>Dallas County Utility &amp; Reclamation District</name>
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        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
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          <isin value="US2350365C00"/>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Dallas Fort Worth International Airport</name>
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          <isin value="US23503CAE75"/>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>County of Dane WI</name>
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        <name>Delaware Academy Central School District at Delhi</name>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Denton TX Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Denton, Utility System, Series 2017</title>
        <cusip>249015B98</cusip>
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          <isin value="US249015B988"/>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Denton TX Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Denton, Utility System, Series 2017</title>
        <cusip>249015C22</cusip>
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          <isin value="US249015C226"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City &amp; County of Denver CO</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
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          <isin value="US249164SW56"/>
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        <curCd>USD</curCd>
        <valUSD>708806.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City &amp; County of Denver CO</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
        <title>City and County of Denver, Series 2024B</title>
        <cusip>249164TN4</cusip>
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          <isin value="US249164TN49"/>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Denver City and County School District No. 1</name>
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          <isin value="US249174ZP13"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Denver City and County School District No. 1</name>
        <lei>N/A</lei>
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          <isin value="US249174ZQ95"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US249182UN44"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City &amp; County of Denver CO Airport System Revenue</name>
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          <isin value="US249182UP91"/>
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      <invstOrSec>
        <name>City &amp; County of Denver CO</name>
        <lei>MMTY7HA2MSCBUO4F7J71</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Depew Union Free School District</name>
        <lei>N/A</lei>
        <title>Depew Union Free School District</title>
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          <isin value="US249541KZ55"/>
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        <name>City of Derby KS</name>
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        <name>District of Columbia</name>
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        <name>District of Columbia</name>
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        <name>District of Columbia</name>
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        <name>District of Columbia</name>
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        <name>District of Columbia</name>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <name>Energy Northwest</name>
        <lei>N/A</lei>
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          <isin value="US29270C6H32"/>
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        <name>Energy Northwest</name>
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        <name>Energy Northwest</name>
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          <isin value="US29270C6X81"/>
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        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest, Project 1, Series 2017-A</title>
        <cusip>29270CT96</cusip>
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          <isin value="US29270CT960"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Essex County Improvement Authority</name>
        <lei>N/A</lei>
        <title>Essex County Improvement Authority, Family Court Building Project</title>
        <cusip>296807MM9</cusip>
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          <isin value="US296807MM90"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5505434.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FYI Properties</name>
        <lei>N/A</lei>
        <title>FYI Properties, State of Washington District Project, Series 2019</title>
        <cusip>302716BF1</cusip>
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          <isin value="US302716BF15"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46511.73000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Fairfax VA</name>
        <lei>N/A</lei>
        <title>County of Fairfax, Series 2016A</title>
        <cusip>30382AEV0</cusip>
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          <isin value="US30382AEV08"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40092.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Fairfax County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Fairfax County Industrial Development Authority, Virginia Health Care, Inova Health System Project, Series 2018C</title>
        <cusip>30382VAA4</cusip>
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          <isin value="US30382VAA44"/>
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        <balance>22000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22000000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.91999855</annualizedRt>
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      <invstOrSec>
        <name>Florence Independent School District</name>
        <lei>N/A</lei>
        <title>Florence Independent School District, Unlimited Tax</title>
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          <isin value="US340369FY83"/>
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        <balance>230000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Florence Independent School District</name>
        <lei>N/A</lei>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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          <maturityDt>2050-09-01</maturityDt>
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        <name>Florida Local Government Finance Commission</name>
        <lei>N/A</lei>
        <title>Florida Local Government Finance Commission, Fleet Landing at Nocatee Project, Series 2025B-3</title>
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          <isin value="US34077UAM27"/>
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          <maturityDt>2030-11-15</maturityDt>
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      <invstOrSec>
        <name>State of Florida Lottery Revenue</name>
        <lei>N/A</lei>
        <title>State of Florida, State Board of Education, Lottery, Series 2016A</title>
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          <isin value="US341507P627"/>
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        <name>State of Florida Lottery Revenue</name>
        <lei>N/A</lei>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida Board of Education, Public Education Capital Outlay, Series 2016B</title>
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        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida</name>
        <lei>5493004G5XFOOUT0LQ57</lei>
        <title>State of Florida Board of Education, Public Education Capital Outlay, Series 2023A</title>
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          <isin value="US34153QWX05"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Gary Community School Building Corp.</name>
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      </invstOrSec>
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        <name>Geisinger Authority</name>
        <lei>N/A</lei>
        <title>Geisinger Authority, Health System, Series 2017A-2</title>
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          <isin value="US368497HZ94"/>
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        <curCd>USD</curCd>
        <valUSD>691454.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Geisinger Authority</name>
        <lei>N/A</lei>
        <title>Geisinger Authority, Health System, Series 2020B</title>
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          <isin value="US368497JX29"/>
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        <balance>8700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8807592.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Geisinger Authority</name>
        <lei>N/A</lei>
        <title>Geisinger Authority, Health System, Series 2020C</title>
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          <isin value="US368497JY02"/>
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        <valUSD>1078418.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Geneseo Central School District</name>
        <lei>N/A</lei>
        <title>Geneseo Central School District</title>
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          <isin value="US371826FJ27"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3015248.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Georgetown TX Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Georgetown, Utilities System, Series 2022</title>
        <cusip>373064N67</cusip>
        <identifiers>
          <isin value="US373064N674"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>72756.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Golden State Tobacco Securitization Corp., Series 2017A-1</title>
        <cusip>38122NZA3</cusip>
        <identifiers>
          <isin value="US38122NZA35"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90693.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</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</title>
        <cusip>383622DS3</cusip>
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          <isin value="US383622DS37"/>
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        <balance>10800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10854304.56000000</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>2026-07-16</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
        <title>Grand River Dam Authority, Series 2014A</title>
        <cusip>386442VJ3</cusip>
        <identifiers>
          <isin value="US386442VJ37"/>
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        <balance>405000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>405816.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
        <title>Grand River Dam Authority, Series 2016A</title>
        <cusip>386442WL7</cusip>
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          <isin value="US386442WL73"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65417.96000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
        <title>Grand River Dam Authority, Series 2016A</title>
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          <isin value="US386442WM56"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61138.34000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Grand River Dam Authority</name>
        <lei>549300XGK5KWQHON4Q79</lei>
        <title>Grand River Dam Authority, Series 2016A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System Revenue</name>
        <lei>N/A</lei>
        <title>Great Lakes Water Authority, Water Supply System, Second Lien, Series 2018A</title>
        <cusip>39081JBS6</cusip>
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          <isin value="US39081JBS69"/>
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        <balance>215000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System Revenue</name>
        <lei>N/A</lei>
        <title>Great Lakes Water Authority, Water Supply System, Second Lien, Series 2018A</title>
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          <isin value="US39081JBT43"/>
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        <balance>25000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Great Lakes Water Authority Water Supply System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US39081JBU16"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Greater Orlando Aviation Authority</name>
        <lei>549300CP6PUG5S184F61</lei>
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          <isin value="US3922744P85"/>
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        <balance>750000.00000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Town of Groton CT</name>
        <lei>N/A</lei>
        <title>Town of Groton</title>
        <cusip>3993525U3</cusip>
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          <isin value="US3993525U35"/>
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        <balance>4300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4309235.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-23</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
        <title>Territory of Guam, Series 2025G</title>
        <cusip>40065NCU9</cusip>
        <identifiers>
          <isin value="US40065NCU90"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285462.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
        <title>Territory of Guam, Series 2025G</title>
        <cusip>40065NCV7</cusip>
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        <balance>475000.00000000</balance>
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        <valUSD>502617.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <name>County of Harris TX Toll Road Revenue</name>
        <lei>N/A</lei>
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          <isin value="US41423PCG00"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Harris TX Toll Road Revenue</name>
        <lei>N/A</lei>
        <title>County of Harris, First Lien, Series 2022A</title>
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          <isin value="US41423PCH82"/>
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        <valUSD>124988.24000000</valUSD>
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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>County of Harris TX Toll Road Revenue</name>
        <lei>N/A</lei>
        <title>County of Harris Toll Road, Series 2023A</title>
        <cusip>41423PCV7</cusip>
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          <isin value="US41423PCV76"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Town of Hatfield MA</name>
        <lei>N/A</lei>
        <title>Town of Hatfield</title>
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          <isin value="US418866DH96"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4025151.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>County of Hawaii HI</name>
        <lei>N/A</lei>
        <title>County of Hawaii, Series A</title>
        <cusip>419722L43</cusip>
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          <isin value="US419722L438"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50102.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-09-01</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>
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      <invstOrSec>
        <name>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series FH</title>
        <cusip>419792MK9</cusip>
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          <isin value="US419792MK97"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>71193.62000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-10-01</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>State of Hawaii</name>
        <lei>N/A</lei>
        <title>State of Hawaii, Series FK</title>
        <cusip>419792RG3</cusip>
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          <isin value="US419792RG31"/>
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        <balance>75000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>County of Hays TX</name>
        <lei>N/A</lei>
        <title>County of Hays, Series 2017</title>
        <cusip>421020B31</cusip>
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          <isin value="US421020B319"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Henrico VA Water &amp; Sewer Revenue</name>
        <lei>N/A</lei>
        <title>County of Henrico Water and Sewer</title>
        <cusip>426170NE2</cusip>
        <identifiers>
          <isin value="US426170NE26"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Henry County Hospital Authority</name>
        <lei>N/A</lei>
        <title>Henry County Hospital Authority, Piedmont Henry Hospital Project, Series 2014A</title>
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        <identifiers>
          <isin value="US426357GG85"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Hillsborough County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Hillsborough County Industrial Development Authority, Baycare Health System, Series 2024E</title>
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          <isin value="US43233KAX28"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Township of Hillside NJ</name>
        <lei>N/A</lei>
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          <isin value="US432673HN49"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
        <lei>N/A</lei>
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          <isin value="US438687BP93"/>
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        <balance>70000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City &amp; County of Honolulu HI</name>
        <lei>N/A</lei>
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          <isin value="US438687UF01"/>
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      <invstOrSec>
        <name>City &amp; County Honolulu HI Wastewater System Revenue</name>
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        <title>City and County Honolulu Wastewater System, Series A</title>
        <cusip>438701G99</cusip>
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          <isin value="US438701G991"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Hornell City School District</name>
        <lei>N/A</lei>
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          <isin value="US440614LQ60"/>
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        <balance>5000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2026-06-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      <invstOrSec>
        <name>Horry County School District/SC</name>
        <lei>N/A</lei>
        <title>Horry County School District</title>
        <cusip>440673L33</cusip>
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          <isin value="US440673L337"/>
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        <balance>3500000.00000000</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>2026-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Houston TX</name>
        <lei>549300C64URYS0WQQY42</lei>
        <title>City of Houston, Public Improvement, Series 2019A</title>
        <cusip>4423314Y7</cusip>
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          <isin value="US4423314Y74"/>
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        <balance>105000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>City of Houston TX Combined Utility System Revenue</name>
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        <name>State of Illinois Sales Tax Revenue</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Indiana PA</name>
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        <name>Indiana Finance Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>City of Jacksonville FL</name>
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        <name>County of Jefferson AL Sewer Revenue</name>
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          <maturityDt>2026-10-20</maturityDt>
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        <name>Jersey City Municipal Utilities Authority</name>
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        <name>Johnstown City School District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kane McHenry Cook &amp; De Kalb Counties Unit School District No. 300/IL</name>
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        <name>City of Kansas City MO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Kansas Department of Transportation</name>
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        <name>Keller Independent School District/TX</name>
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        <name>Kentucky Asset Liability Commission</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Kentucky State Property &amp; Building Commission</name>
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        <name>Kentucky Turnpike Authority</name>
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        <name>County of King WA</name>
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        <name>City of Lakeland FL Department of Electric Utilities</name>
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        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Willis Knighton Medical Center Project, Series 1997</title>
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          <isin value="US546395V354"/>
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        <curCd>USD</curCd>
        <valUSD>1770819.28000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2002B</title>
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          <isin value="US546398DJ40"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Tulane University of Louisiana Project, Series 2020A</title>
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          <isin value="US546399PC42"/>
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        <curCd>USD</curCd>
        <valUSD>20039.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Tulane University of Louisiana Project, Series 2020A</title>
        <cusip>546399PE0</cusip>
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          <isin value="US546399PE08"/>
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        <curCd>USD</curCd>
        <valUSD>80163.86000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, Series 2023A</title>
        <cusip>546417GN0</cusip>
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          <isin value="US546417GN06"/>
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        <balance>680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>701345.47000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, Series 2024E</title>
        <cusip>546417KE5</cusip>
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          <isin value="US546417KE50"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1713510.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, Series 2024E</title>
        <cusip>546417KF2</cusip>
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          <isin value="US546417KF26"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1096424.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>State of Louisiana Gasoline &amp; Fuels Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Louisiana Gasoline and Fuels Tax, Second Lien, Series 2023A-1</title>
        <cusip>546475VV3</cusip>
        <identifiers>
          <isin value="US546475VV30"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4000000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.90000020</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Louisville/Jefferson County Metropolitan Government</name>
        <lei>N/A</lei>
        <title>Louisville and Jefferson County Metropolitan Government, Norton Healthcare, Inc., Series 2016A</title>
        <cusip>54659LBK9</cusip>
        <identifiers>
          <isin value="US54659LBK98"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76122.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
        <lei>N/A</lei>
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          <isin value="US54659LCE20"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Louisville/Jefferson County Metropolitan Government</name>
        <lei>N/A</lei>
        <title>Louisville and Jefferson County Metropolitan Government, Louisville Gas and Electric Co. Project, Series 2001A</title>
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          <isin value="US546749AS14"/>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.90000000</annualizedRt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2023A</title>
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          <isin value="US54811BF226"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-05-15</maturityDt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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          <isin value="US54811BF309"/>
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        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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          <isin value="US54811BSL61"/>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
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          <isin value="US54811BSM45"/>
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          <maturityDt>2028-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2021</title>
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          <isin value="US54811BWF48"/>
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        <balance>75000.00000000</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>2027-05-15</maturityDt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>Lower Colorado River Authority, LCRA Transmission Services Corp., Project, Series 2022</title>
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          <isin value="US54811BYA33"/>
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        <balance>85000.00000000</balance>
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        <valUSD>87847.44000000</valUSD>
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      <invstOrSec>
        <name>State of Maine</name>
        <lei>N/A</lei>
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          <isin value="US56052AG910"/>
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        <valUSD>65459.01000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maine Turnpike Authority</name>
        <lei>N/A</lei>
        <title>Maine Turnpike Authority</title>
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          <isin value="US560551SA20"/>
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        <curCd>USD</curCd>
        <valUSD>1090947.50000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maine Turnpike Authority</name>
        <lei>N/A</lei>
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        <cusip>560551SB0</cusip>
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          <isin value="US560551SB03"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Manatee County School District</name>
        <lei>N/A</lei>
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          <isin value="US56185PCG63"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46092.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Township of Manchester NJ</name>
        <lei>N/A</lei>
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          <isin value="US562462PV71"/>
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        <curCd>USD</curCd>
        <valUSD>6019700.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-06</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Township of Maple Shade NJ</name>
        <lei>N/A</lei>
        <title>Township of Maple Shade, Series 2025A</title>
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          <isin value="US565335NG70"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4041895.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Maricopa County Industrial Development Authority, Banner Health, Series 2019D</title>
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          <isin value="US56682HCT41"/>
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        <curCd>USD</curCd>
        <valUSD>1156260.14000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Maricopa County Industrial Development Authority, Banner Health, Series 2023A-1</title>
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          <isin value="US56682HDU05"/>
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        <balance>7530000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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        <lei>N/A</lei>
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          <isin value="US56682HDV87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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        <cusip>567505RU8</cusip>
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          <isin value="US567505RU86"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Maricopa County Union High School District No. 210-Phoenix</name>
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          <isin value="US567505SL78"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Maricopa County High School District No. 214 Tolleson Union High School</name>
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          <isin value="US567527WG73"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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        <name>State of Maryland</name>
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          <isin value="US574193TV03"/>
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          <isin value="US574193UJ55"/>
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        <name>State of Maryland Department of Transportation</name>
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          <isin value="US574204F810"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Maryland Department of Transportation, Second Issue, Series 2018</title>
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          <isin value="US574204L768"/>
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          <maturityDt>2027-10-01</maturityDt>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Commonwealth of Massachusetts</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts, Series C</title>
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          <isin value="US57582PBU30"/>
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        <balance>50000.00000000</balance>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>School Board of Miami-Dade County (The)</name>
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        <name>County of Miami-Dade FL Aviation Revenue</name>
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        <name>County of Miami-Dade FL Aviation Revenue</name>
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        <name>County of Miami-Dade FL Aviation Revenue</name>
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        <name>County of Miami-Dade FL Water &amp; Sewer System Revenue</name>
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        <name>Michigan Finance Authority</name>
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        <lei>54930022O46HOX5J1D14</lei>
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        <name>Michigan Finance Authority</name>
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      <invstOrSec>
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        <name>Michigan State Building Authority</name>
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          <isin value="US594615FG63"/>
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        <name>Michigan State Building Authority</name>
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        <name>Michigan State Hospital Finance Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Minnesota</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Minnesota Health &amp; Education Facilities Authority</name>
        <lei>549300DI4V4CIPMX7K35</lei>
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          <isin value="US60416H3C61"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mission Economic Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US605155BQ24"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-05-01</maturityDt>
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          <annualizedRt>3.00000070</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Mississippi Business Finance Corp.</name>
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        <title>Mississippi Business Finance Corp., Gulf Opportunity Zone Industrial Development, Chevron USA, Inc., Project, Series 2010H</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>Mississippi Development Bank</name>
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        <title>Mississippi Development Bank, Department of Corrections Walnut Grove Correctional Facility Refunding Bonds Project, Series A</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>Mississippi Development Bank, Desoto County Mississippi Highway Project, Series 2024A</title>
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        <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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        <name>State of Mississippi</name>
        <lei>549300JRWW5RFQUB7P94</lei>
        <title>State of Mississippi, Series 2016B</title>
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          <isin value="US605581HW08"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Missouri Development Finance Board</name>
        <lei>549300JD8BCNBV9D3830</lei>
        <title>Missouri Development Finance Board, Procter &amp; Gamble Co. Project, Series 1999</title>
        <cusip>60636LAA7</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-15</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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        <name>Missouri Highway &amp; Transportation Commission</name>
        <lei>N/A</lei>
        <title>Missouri Highway and Transportation Commission, State Appropriations Mega Projects State Road, Series 2025A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Missouri Public Utilities Commission</name>
        <lei>N/A</lei>
        <title>Missouri Public Utilities Commission</title>
        <cusip>606374AT3</cusip>
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          <isin value="US606374AT33"/>
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          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>Health and Educational Facilities Authority of the State of Missouri, St. Louis University</title>
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          <isin value="US60637AKS05"/>
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        <issuerCat>MUN</issuerCat>
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          <maturityDt>2028-11-15</maturityDt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Monticello Central School District</name>
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        <name>Town of Nahant MA</name>
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        <name>Nebraska Public Power District</name>
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        <name>Nebraska Public Power District</name>
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        <name>State of Nevada</name>
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        <name>State of Nevada</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>New Hampshire Municipal Bond Bank</name>
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        <name>State of New Mexico Severance Tax Permanent Fund</name>
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        <name>City of New York NY</name>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Municipal Power Agency No. 1</name>
        <lei>549300N3Q65G1ODRFX75</lei>
        <title>North Carolina Municipal Power Agency No. 1, Series 2016A</title>
        <cusip>6582034M3</cusip>
        <identifiers>
          <isin value="US6582034M37"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>252198.40000000</valUSD>
        <pctVal>0.009892886846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Carolina Housing Finance Agency</name>
        <lei>EC4EE0PS5OP5O69B5C39</lei>
        <title>North Carolina Housing Finance Agency, Homeownership-1998 Trust, Series 52-C</title>
        <cusip>6582074F9</cusip>
        <identifiers>
          <isin value="US6582074F94"/>
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        <balance>9500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9500000.00000000</valUSD>
        <pctVal>0.372652741028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.90000020</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>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina, Series 2018A</title>
        <cusip>6582563L4</cusip>
        <identifiers>
          <isin value="US6582563L45"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50356.85000000</valUSD>
        <pctVal>0.001975328229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</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>
      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina, Series 2016A</title>
        <cusip>658256Z54</cusip>
        <identifiers>
          <isin value="US658256Z544"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50356.85000000</valUSD>
        <pctVal>0.001975328229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of North Carolina</name>
        <lei>N/A</lei>
        <title>State of North Carolina, Limited Obligation, Series 2017B</title>
        <cusip>65829QCY8</cusip>
        <identifiers>
          <isin value="US65829QCY89"/>
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        <balance>525000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>542328.94000000</valUSD>
        <pctVal>0.021273722740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <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>North Harris County Regional Water Authority</name>
        <lei>N/A</lei>
        <title>North Harris County Regional Water Authority, Senior Lien, Series 2016</title>
        <cusip>65956NGQ3</cusip>
        <identifiers>
          <isin value="US65956NGQ34"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76567.15000000</valUSD>
        <pctVal>0.003003469296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</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>North Harris County Regional Water Authority</name>
        <lei>N/A</lei>
        <title>North Harris County Regional Water Authority, Senior Lien, Series 2016</title>
        <cusip>65956NGR1</cusip>
        <identifiers>
          <isin value="US65956NGR17"/>
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        <balance>530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>541119.72000000</valUSD>
        <pctVal>0.021226289145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</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>North Harris County Regional Water Authority</name>
        <lei>N/A</lei>
        <title>North Harris County Regional Water Authority, Senior Lien, Series 2016</title>
        <cusip>65956NGS9</cusip>
        <identifiers>
          <isin value="US65956NGS99"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193922.38000000</valUSD>
        <pctVal>0.007606916468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-15</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>North Middlesex Regional School District/MA</name>
        <lei>N/A</lei>
        <title>North Middlesex Regional School District</title>
        <cusip>661139NU5</cusip>
        <identifiers>
          <isin value="US661139NU51"/>
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        <balance>5700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5764358.70000000</valUSD>
        <pctVal>0.226116217876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-30</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>Borough of North Slope AK</name>
        <lei>N/A</lei>
        <title>Borough of North Slope</title>
        <cusip>662523X53</cusip>
        <identifiers>
          <isin value="US662523X538"/>
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        <balance>2875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2981983.64000000</valUSD>
        <pctVal>0.116973092331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-30</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>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Second Tier, Series 2019B</title>
        <cusip>66285WZJ8</cusip>
        <identifiers>
          <isin value="US66285WZJ88"/>
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        <balance>75000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>76755.24000000</valUSD>
        <pctVal>0.003010847428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Second Tier, Series 2019B</title>
        <cusip>66285WZL3</cusip>
        <identifiers>
          <isin value="US66285WZL35"/>
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        <balance>215000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>231510.15000000</valUSD>
        <pctVal>0.009081357049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</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>Northern Illinois Municipal Power Agency</name>
        <lei>VWCV6ROJUT9NS55JU583</lei>
        <title>Northern Illinois Municipal Power Agency, Series 2016A</title>
        <cusip>665250CK0</cusip>
        <identifiers>
          <isin value="US665250CK01"/>
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        <balance>175000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>178448.99000000</valUSD>
        <pctVal>0.006999947921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Northern Illinois Municipal Power Agency</name>
        <lei>VWCV6ROJUT9NS55JU583</lei>
        <title>Northern Illinois Municipal Power Agency, Series 2016A</title>
        <cusip>665250CN4</cusip>
        <identifiers>
          <isin value="US665250CN40"/>
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        <balance>1185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1205609.40000000</valUSD>
        <pctVal>0.047291962896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Infrastructure Improvement, Series 2020B</title>
        <cusip>6775222S2</cusip>
        <identifiers>
          <isin value="US6775222S25"/>
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        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4048400.00000000</valUSD>
        <pctVal>0.158804984924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>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>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Common School, Series 2015A</title>
        <cusip>677522BX1</cusip>
        <identifiers>
          <isin value="US677522BX12"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116807.24000000</valUSD>
        <pctVal>0.004581951385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Series 2017V</title>
        <cusip>677522VG6</cusip>
        <identifiers>
          <isin value="US677522VG68"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101701.48000000</valUSD>
        <pctVal>0.003989403714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Common School, Series 2017B</title>
        <cusip>677522VL5</cusip>
        <identifiers>
          <isin value="US677522VL53"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50785.76000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>State of Oregon</name>
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      <invstOrSec>
        <name>Orlando Utilities Commission</name>
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          <isin value="US686507JP06"/>
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      <invstOrSec>
        <name>Owego Apalachin Central School District</name>
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          <isin value="US690632HU19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-02</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Owego Apalachin Central School District</name>
        <lei>N/A</lei>
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          <isin value="US690632HV91"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2514580.25000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-17</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Town of Oxford MA</name>
        <lei>N/A</lei>
        <title>Town of Oxford</title>
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          <isin value="US691582HP89"/>
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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>2026-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Borough of Palisades Park NJ</name>
        <lei>549300SF9JNNWFAZGA56</lei>
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          <isin value="US696395GD80"/>
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        <curCd>USD</curCd>
        <valUSD>2000658.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
        <title>Palm Beach County School District, Series 2017A</title>
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          <isin value="US696550C261"/>
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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>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Palm Beach County School District</name>
        <lei>N/A</lei>
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          <isin value="US696550D822"/>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Palm Beach County School District</name>
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          <isin value="US696550F314"/>
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        <name>Palm Beach County School District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Palm Beach County School District</name>
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          <isin value="US696550J456"/>
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        <name>Palm Beach County Solid Waste Authority</name>
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          <isin value="US696560KB69"/>
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          <annualizedRt>5.00000000</annualizedRt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Pasco County School Board</name>
        <lei>549300NYEDMC7IDJPE68</lei>
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        <name>Passaic County Improvement Authority (The)</name>
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        <name>Pembroke Central School District</name>
        <lei>N/A</lei>
        <title>Pembroke Central School District</title>
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          <isin value="US706427CX71"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-12-11</maturityDt>
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          <annualizedRt>3.75000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority, Waste Management, Inc., Project</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
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        <title>Commonwealth of Pennsylvania, Series 1ST</title>
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          <isin value="US70914PB680"/>
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        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>Pennsylvania State University (The)</name>
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        <name>City of Philadelphia PA</name>
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        <name>City of Philadelphia PA</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>Philadelphia Gas Works Co.</name>
        <lei>549300H8UJ7V5WU5IA90</lei>
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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>
        <lei>254900HSKDHZKBZCUL90</lei>
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      <invstOrSec>
        <name>City of Philadelphia PA Water &amp; Wastewater Revenue</name>
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      <invstOrSec>
        <name>City of Philadelphia PA Water &amp; Wastewater Revenue</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <title>City of Phoenix Civic Improvement Corp.</title>
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          <isin value="US71885KAB26"/>
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      <invstOrSec>
        <name>County of Pima AZ Sewer System Revenue</name>
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        <name>Township of Piscataway NJ</name>
        <lei>N/A</lei>
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        <name>Pittsburg County Educational Facilities Authority</name>
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        <name>City of Pittsburgh PA</name>
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        <name>Plano Independent School District</name>
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        <name>PMA Levy &amp; Aid Anticipation Notes Program</name>
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        <name>Borough of Point Pleasant Beach NJ</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Port of Seattle WA</name>
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        <name>Port of Seattle WA</name>
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        <name>Port of Seattle WA</name>
        <lei>549300T9UCDUJ3GZL429</lei>
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        <name>Portage Public Schools</name>
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        <name>Provo City School District Municipal Building Authority</name>
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        <name>Purdue University</name>
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        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
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        <name>Regional Transportation District Sales Tax Revenue</name>
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        <name>Rib Floater Trust Various States</name>
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        <name>City of Salt Lake City UT Airport Revenue</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>San Antonio Public Facilities Corp.</name>
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        <name>San Diego Community College District</name>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Sioux Falls SD Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>City of Sioux Falls Sales Tax, Series 2017A</title>
        <cusip>829594LQ1</cusip>
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          <isin value="US829594LQ19"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>132509.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Somerville MA</name>
        <lei>N/A</lei>
        <title>City of Somerville, Series 2025B</title>
        <cusip>835241MV9</cusip>
        <identifiers>
          <isin value="US835241MV98"/>
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        <balance>11500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11602024.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>South Broward Hospital District</name>
        <lei>N/A</lei>
        <title>South Broward Hospital District, Memorial Healthcare System</title>
        <cusip>836753LQ4</cusip>
        <identifiers>
          <isin value="US836753LQ45"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110281.97000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority, Custodial Receipts CR 086</title>
        <cusip>837031XM0</cusip>
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          <isin value="US837031XM05"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1011003.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority, Bon Secours Mercy Health, Inc., Series 2025B-1</title>
        <cusip>83703EMV4</cusip>
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          <isin value="US83703EMV47"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2207372.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority, Enerra South Carolina Project, Series 2024</title>
        <cusip>83704DAP1</cusip>
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          <isin value="US83704DAP15"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2506816.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina State Housing Finance &amp; Development Authority</name>
        <lei>N/A</lei>
        <title>South Carolina State Housing Finance and Development Authority, Series 2026A</title>
        <cusip>83712GBE8</cusip>
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          <isin value="US83712GBE89"/>
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        <balance>1055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1122713.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina State Housing Finance &amp; Development Authority</name>
        <lei>N/A</lei>
        <title>South Carolina State Housing Finance and Development Authority, Series 2026A</title>
        <cusip>83712GBF5</cusip>
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          <isin value="US83712GBF54"/>
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        <balance>1085000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1172742.21000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority, Santee Cooper, Series 2022B</title>
        <cusip>837151X87</cusip>
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          <isin value="US837151X876"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2632584.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Town of South Kingstown RI</name>
        <lei>N/A</lei>
        <title>Town of South Kingstown, Series 2025-1</title>
        <cusip>838566S40</cusip>
        <identifiers>
          <isin value="US838566S403"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15076354.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <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 Florida Obligated Group</title>
        <cusip>838810DR7</cusip>
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          <isin value="US838810DR74"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67521.58000000</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>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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>
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          <isin value="US838810EM78"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Borough of South River NJ</name>
        <lei>N/A</lei>
        <title>Borough of South River, Water Utility, Series 2025A</title>
        <cusip>839669PM4</cusip>
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          <isin value="US839669PM42"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-08</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>General Authority of Southcentral Pennsylvania</name>
        <lei>549300QBNU5LBV4QX812</lei>
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        <cusip>84129NNM7</cusip>
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          <isin value="US84129NNM73"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
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          <isin value="US84136FBC05"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Southeastern Pennsylvania Transportation Authority</name>
        <lei>98450061A2F3FD36E493</lei>
        <title>Southeastern Pennsylvania Transportation Authority, Series 2017</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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        <name>Southeastern Pennsylvania Transportation Authority</name>
        <lei>98450061A2F3FD36E493</lei>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Southern California Public Power Authority</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>Southern California Public Power Authority, Series 2023-1</title>
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        <name>Southwest Higher Education Authority, Inc.</name>
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        <name>Spartanburg County School District No. 7</name>
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        <name>Spring Independent School District</name>
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      <invstOrSec>
        <name>City of Springfield IL Electric Revenue</name>
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          <couponKind>Fixed</couponKind>
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        <name>City of Springfield MA</name>
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        <name>City of Strongsville OH</name>
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        <name>Tampa Bay Water</name>
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        <name>Tarrant County College District</name>
        <lei>N/A</lei>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Tarrant Regional Water District Water Supply System Revenue</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>Tennessee State School Bond Authority</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Permanent University Fund - Texas A&amp;M University System</name>
        <lei>N/A</lei>
        <title>Permanent University Fund - Texas A&amp;M University System, Series 2017A</title>
        <cusip>8821173W2</cusip>
        <identifiers>
          <isin value="US8821173W28"/>
        </identifiers>
        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>83073.22000000</valUSD>
        <pctVal>0.003258680330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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 Home Collaborative</name>
        <lei>N/A</lei>
        <title>Texas Home Collaborative, 1518 Apartments, Series 2023</title>
        <cusip>88248CAA8</cusip>
        <identifiers>
          <isin value="US88248CAA80"/>
        </identifiers>
        <balance>3325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3340705.64000000</valUSD>
        <pctVal>0.131044538285</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>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>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"/>
        </identifiers>
        <balance>12260000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13189646.38000000</valUSD>
        <pctVal>0.517385039653</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Public Finance Authority</name>
        <lei>N/A</lei>
        <title>Texas Public Finance Authority</title>
        <cusip>882669BB9</cusip>
        <identifiers>
          <isin value="US882669BB90"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25652.45000000</valUSD>
        <pctVal>0.001006258505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, College Student Loan, Series 2013B</title>
        <cusip>882723DK2</cusip>
        <identifiers>
          <isin value="US882723DK26"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1501274.85000000</valUSD>
        <pctVal>0.058889914514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Veterans, Series 2011A</title>
        <cusip>882723H51</cusip>
        <identifiers>
          <isin value="US882723H515"/>
        </identifiers>
        <balance>9020000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9020000.00000000</valUSD>
        <pctVal>0.353823970955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.95000155</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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Transportation Commission Mobility Fund, Series 2024</title>
        <cusip>8827242B2</cusip>
        <identifiers>
          <isin value="US8827242B27"/>
        </identifiers>
        <balance>2585000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2702792.25000000</valUSD>
        <pctVal>0.106021362146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Transportation Commission Mobility Fund, Series 2024</title>
        <cusip>8827242C0</cusip>
        <identifiers>
          <isin value="US8827242C00"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4290376.80000000</valUSD>
        <pctVal>0.168296913112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Transportation Commission Mobility Fund</title>
        <cusip>8827242E6</cusip>
        <identifiers>
          <isin value="US8827242E65"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1347442.56000000</valUSD>
        <pctVal>0.052855596143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Public Finance Authority, Series 2017A</title>
        <cusip>882724AK3</cusip>
        <identifiers>
          <isin value="US882724AK36"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1568351.40000000</valUSD>
        <pctVal>0.061521099800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Water Financial Assistance, Series 2018B-3</title>
        <cusip>882724GE1</cusip>
        <identifiers>
          <isin value="US882724GE12"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50554.37000000</valUSD>
        <pctVal>0.001983076268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Veterans Housing Assistance Program, Series 2008B</title>
        <cusip>882724GM3</cusip>
        <identifiers>
          <isin value="US882724GM38"/>
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        <balance>4155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4155000.00000000</valUSD>
        <pctVal>0.162986540944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.95000155</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>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas, Water Financial Assistance, Series 2021B</title>
        <cusip>882724VV6</cusip>
        <identifiers>
          <isin value="US882724VV61"/>
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        <balance>410000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>410496.18000000</valUSD>
        <pctVal>0.016102371227</pctVal>
        <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>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of Texas</name>
        <lei>549300X9CH74QB747L76</lei>
        <title>State of Texas</title>
        <cusip>882725CQ5</cusip>
        <identifiers>
          <isin value="US882725CQ52"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>762585.83000000</valUSD>
        <pctVal>0.029913652612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</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 State Technical College</name>
        <lei>N/A</lei>
        <title>Texas State Technical College, Series 2022A</title>
        <cusip>88276REY4</cusip>
        <identifiers>
          <isin value="US88276REY45"/>
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        <balance>385000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>409352.91000000</valUSD>
        <pctVal>0.016057524627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas State University System</name>
        <lei>N/A</lei>
        <title>Texas State University System, Series 2017A</title>
        <cusip>88278PYF5</cusip>
        <identifiers>
          <isin value="US88278PYF51"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150148.65000000</valUSD>
        <pctVal>0.005889821682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-03-15</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 Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
        <title>Texas Department of Transportation State Highway Fund, First Tier</title>
        <cusip>88283LGY6</cusip>
        <identifiers>
          <isin value="US88283LGY65"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25061.97000000</valUSD>
        <pctVal>0.000983095980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</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>Texas Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
        <title>Texas Department of Transportation State Highway Fund, First Tier, Series 2015</title>
        <cusip>88283LJY3</cusip>
        <identifiers>
          <isin value="US88283LJY39"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55916.54000000</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>2026-10-01</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 Department of Transportation State Highway Fund</name>
        <lei>N/A</lei>
        <title>Texas Department of Transportation State Highway Fund, Series 2016-A</title>
        <cusip>88283LKK1</cusip>
        <identifiers>
          <isin value="US88283LKK16"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>101666.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, State Revolving Fund, Series 2020</title>
        <cusip>8828542X9</cusip>
        <identifiers>
          <isin value="US8828542X91"/>
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        <balance>140000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>141670.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>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>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018A</title>
        <cusip>888808HB1</cusip>
        <identifiers>
          <isin value="US888808HB10"/>
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        <balance>335000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>336905.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</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>
      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018A</title>
        <cusip>888808HD7</cusip>
        <identifiers>
          <isin value="US888808HD75"/>
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        <balance>1045000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1100016.53000000</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>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018A</title>
        <cusip>888808HE5</cusip>
        <identifiers>
          <isin value="US888808HE58"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294812.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tomball Independent School District</name>
        <lei>N/A</lei>
        <title>Tomball Independent School District, Unlimited Tax</title>
        <cusip>889855Z62</cusip>
        <identifiers>
          <isin value="US889855Z627"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>632458.02000000</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>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Travis County Water Control &amp; Improvement District No. 17</name>
        <lei>549300F2GYMQ0I900723</lei>
        <title>Travis County Water Control and Improvement District No. 17, Texas Steiner Ranch Defined Area Unlimited Tax</title>
        <cusip>894521AF0</cusip>
        <identifiers>
          <isin value="US894521AF09"/>
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        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>280674.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</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>Tri-County Metropolitan Transportation District of Oregon</name>
        <lei>N/A</lei>
        <title>Tri-County Metropolitan Transportation District of Oregon, Series 2018A</title>
        <cusip>89546RPQ1</cusip>
        <identifiers>
          <isin value="US89546RPQ10"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>105213.09000000</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>2029-10-01</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>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series 2024B</title>
        <cusip>89602HHD2</cusip>
        <identifiers>
          <isin value="US89602HHD26"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2061072.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</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>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge and Tunnel Authority, Series A</title>
        <cusip>89602N6U3</cusip>
        <identifiers>
          <isin value="US89602N6U33"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76560.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge and Tunnel Authority, Series A</title>
        <cusip>89602N6V1</cusip>
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          <isin value="US89602N6V16"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51709.64000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
        <lei>54930020ZN4LQF7K3456</lei>
        <title>Triborough Bridge and Tunnel Authority, Series 2025A</title>
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          <isin value="US89602RPE98"/>
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        <balance>21900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22026667.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Trimble KY</name>
        <lei>N/A</lei>
        <title>County of Trimble, Series 2023A</title>
        <cusip>896221AF5</cusip>
        <identifiers>
          <isin value="US896221AF56"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1016951.30000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System Revenue</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Central Regional Wastewater System, Series 2016</title>
        <cusip>89658HUE8</cusip>
        <identifiers>
          <isin value="US89658HUE88"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207399.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>Trinity River Authority Central Regional Wastewater System Revenue</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Central Regional Wastewater System, Series 2017</title>
        <cusip>89658HVD9</cusip>
        <identifiers>
          <isin value="US89658HVD96"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25985.89000000</valUSD>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Trinity River Authority Central Regional Wastewater System Revenue</name>
        <lei>N/A</lei>
        <title>Trinity River Authority, Central Regional Wastewater System, Series 2019</title>
        <cusip>89658HWR7</cusip>
        <identifiers>
          <isin value="US89658HWR73"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>101170.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>City of Tucson AZ</name>
        <lei>N/A</lei>
        <title>City of Tucson, Series 2018A</title>
        <cusip>898711W69</cusip>
        <identifiers>
          <isin value="US898711W693"/>
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        <balance>325000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>327995.88000000</valUSD>
        <pctVal>0.012866164602</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <name>University System of Maryland</name>
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        <name>University System of Maryland</name>
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        <name>University System of Maryland</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>University of Michigan</name>
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          <isin value="US914455QC75"/>
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        <name>University of North Texas System</name>
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        <name>Board of Regents of the 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>City of Vernon CA Electric System Revenue</name>
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        <name>City of Vernon CA Electric System Revenue</name>
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        <name>Virginia Commonwealth Transportation Board</name>
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        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
        <name>Wheatland Chili Central School District</name>
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          <isin value="US962625HR32"/>
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        <name>Winchester Economic Development Authority</name>
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        <name>State of Wisconsin</name>
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        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 2017-2</title>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
        <title>State of Wisconsin, Series 2025-2</title>
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          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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        <name>Wisconsin Department of Transportation</name>
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        <name>Wisconsin Department of Transportation</name>
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        <name>Wisconsin Department of Transportation</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Wyalusing Area School District</name>
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        <name>Wyandotte County-Kansas City Unified Government Utility System Revenue</name>
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    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust IV</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
