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        <name>LEWISVILLE TX INDE 5% 08/15/28</name>
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        <name>MARICOPA CNTY AZ I 6% 01/01/48</name>
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      <invstOrSec>
        <name>CAPE GIRARDEAU CNT 5% 03/01/27</name>
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          <isin value="US139404GM30"/>
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        <name>ARLINGTON TX SPL T 5% 02/15/45</name>
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        <name>NEW MEXICO ST HOS V/R 08/01/49</name>
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        <name>NEW HAMPSHIRE ST H 5% 10/01/30</name>
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        <name>WAYNE CNTY MI ARPT 5% 12/01/22</name>
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        <name>CHICAGO IL O'HARE  5% 01/01/25</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST HLTH 5% 07/01/28</name>
        <lei>N/A</lei>
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        <cusip>64579F8D8</cusip>
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          <isin value="US64579F8D86"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IDAHO ST HSG &amp; FIN 5% 07/15/27</name>
        <lei>N/A</lei>
        <title>IDAHO ST HSG &amp; FIN ASSN REGD N/C B/E 5.00000000</title>
        <cusip>45129WNV8</cusip>
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          <isin value="US45129WNV80"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>121071.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CENTRL TX REGL MOB 5% 01/01/32</name>
        <lei>N/A</lei>
        <title>CENTRL TX REGL MOBILITY AUTH R REGD B/E 5.00000000</title>
        <cusip>155498EK0</cusip>
        <identifiers>
          <isin value="US155498EK03"/>
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        <balance>145000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>175309.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>GRAND PARKWAY  5.125% 10/01/43</name>
        <lei>N/A</lei>
        <title>GRAND PARKWAY TRANSPRTN CORP T REGD OID B/E 5.12500000</title>
        <cusip>38611TAA5</cusip>
        <identifiers>
          <isin value="US38611TAA51"/>
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        <balance>70000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78355.20000000</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>2043-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>DELAWARE RIVER &amp; B 5% 01/01/25</name>
        <lei>N/A</lei>
        <title>DELAWARE RIVER &amp; BAY AUTH DE R REGD B/E 5.00000000</title>
        <cusip>246317FL0</cusip>
        <identifiers>
          <isin value="US246317FL07"/>
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        <balance>80000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>92370.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTH DAKOTA ST HL 5% 11/01/26</name>
        <lei>N/A</lei>
        <title>SOUTH DAKOTA ST HLTH &amp; EDUCTNL REGD B/E 5.00000000</title>
        <cusip>83755VWZ3</cusip>
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          <isin value="US83755VWZ39"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5880.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>PHILADELPHIA PA 5% 08/01/20</name>
        <lei>N/A</lei>
        <title>PHILADELPHIA PA REGD N/C B/E 5.00000000</title>
        <cusip>717813WH8</cusip>
        <identifiers>
          <isin value="US717813WH84"/>
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        <balance>195000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>198320.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NEW HANOVER CNTY N 5% 10/01/27</name>
        <lei>N/A</lei>
        <title>NEW HANOVER CNTY NC HOSP REVEN REGD N/C B/E 5.00000000</title>
        <cusip>644804EY8</cusip>
        <identifiers>
          <isin value="US644804EY82"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30739.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SAN ANTONIO TX PUB 5% 09/15/24</name>
        <lei>N/A</lei>
        <title>SAN ANTONIO TX PUB FACS CORP L REGD B/E 5.00000000</title>
        <cusip>796334AH3</cusip>
        <identifiers>
          <isin value="US796334AH35"/>
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        <balance>215000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>236861.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTH CAROLINA ST  5% 10/01/25</name>
        <lei>N/A</lei>
        <title>SOUTH CAROLINA ST TRANSPRTN IN REGD N/C B/E 5.00000000</title>
        <cusip>837152TZ0</cusip>
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          <isin value="US837152TZ09"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61254.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PENNSYLVANIA ST E V/R 04/01/49</name>
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        <cusip>708692BM9</cusip>
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          <isin value="US708692BM95"/>
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        <balance>100000.00000000</balance>
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        <valUSD>100020.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COLQUITT CNTY GA  ZCP 12/01/21</name>
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        <cusip>196821AL6</cusip>
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          <isin value="US196821AL65"/>
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        <balance>205000.00000000</balance>
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        <valUSD>201254.65000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2021-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>SAINT JOHN THE BA V/R 06/01/37</name>
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        <cusip>79020FAX4</cusip>
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          <isin value="US79020FAX42"/>
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        <balance>270000.00000000</balance>
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        <valUSD>279666.00000000</valUSD>
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        <name>NEW JERSEY ST TRAN 5% 06/15/25</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>646136U41</cusip>
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        <name>NEW ORLEANS LA AVI 5% 01/01/38</name>
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        <name>NEVADA ST HSG DIV  4% 10/01/49</name>
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      <invstOrSec>
        <name>KOOTENAI CNTY ID S 4% 09/15/28</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>DALLAS TX INDEP SC 5% 02/15/36</name>
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        <name>RHODE ISLAND ST HL 5% 05/15/25</name>
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      <invstOrSec>
        <name>RHODE ISLAND ST HL 5% 05/15/39</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL  5% 08/15/24</name>
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          <isin value="US645424AE20"/>
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      <invstOrSec>
        <name>TENDER OPTION BON V/R 04/01/46</name>
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          <isin value="US88033UWB15"/>
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      <invstOrSec>
        <name>N HARRIS CNTY TX R 4% 12/15/24</name>
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          <isin value="US65956NDV55"/>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>INDIANA ST FIN AUT 5% 08/15/25</name>
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          <isin value="US45471ALN09"/>
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        <balance>90000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <name>PITTSBURGH PA WTR  5% 09/01/44</name>
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        <balance>250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>WISCONSIN ST HLTH  5% 06/01/27</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BALTIMORE MD REVEN 5% 07/01/31</name>
        <lei>N/A</lei>
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          <isin value="US059231L815"/>
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        <name>LAKE CENTRAL IN MU 5% 07/15/25</name>
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        <name>WASHINGTON ST HLTH 5% 10/01/27</name>
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        <name>HOUSTON TX ARPT SY 5% 07/01/28</name>
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      <invstOrSec>
        <name>WHITING IN ENVRNM V/R 12/01/44</name>
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        <name>AMERICAN MUNI PWR V/R 02/15/38</name>
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      <invstOrSec>
        <name>MET WASHINGTON DC  5% 10/01/21</name>
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        <name>NEW YORK ST URBAN  5% 03/15/22</name>
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      <invstOrSec>
        <name>N TX TOLLWAY AUTH  5% 01/01/30</name>
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      <invstOrSec>
        <name>CLARK CNTY NV SCH  5% 06/15/21</name>
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        <name>HARRIS CNTY TX CU V/R 07/01/49</name>
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        <name>MARYLAND ST DEPT 3.5% 10/01/33</name>
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        <name>MISSOURI ST HLTH &amp; 5% 02/01/32</name>
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        <name>PENNSYLVANIA ST TU 5% 12/01/23</name>
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        <name>SAN ANTONIO TX ELE 5% 02/01/31</name>
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        <name>MICHIGAN ST BLDG A 5% 04/15/35</name>
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        <name>MARYLAND ST HLT 5.75% 07/01/38</name>
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      <invstOrSec>
        <name>MARYLAND ST HLTH &amp; 5% 07/01/31</name>
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        <name>ILLINOIS ST TOLL H 5% 01/01/24</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HARRIS CNTY TX FLO 5% 10/01/39</name>
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          <isin value="US4140184W81"/>
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      <invstOrSec>
        <name>SAN ANTONIO TX ELE 5% 02/01/30</name>
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        <valUSD>38366.70000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW JERSEY ST TRA ZCP 12/15/28</name>
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          <isin value="US646136XF37"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162351.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>PHILADELPHIA PA GA 5% 08/01/23</name>
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          <isin value="US71783MAH88"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>PENNSYLVANIA ST EC 5% 03/01/22</name>
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          <isin value="US70869HAN52"/>
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        <balance>60000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64556.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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      <invstOrSec>
        <name>WASHINGTON ST HLTH 5% 07/01/26</name>
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        <balance>60000.00000000</balance>
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        <valUSD>74563.20000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>BALTIMORE CNTY MD 4% 03/19/20</name>
        <lei>N/A</lei>
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        <name>HONOLULU CITY &amp; CN 5% 09/01/22</name>
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        <name>GOLDEN ST TOBACCO  5% 06/01/25</name>
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      <invstOrSec>
        <name>WISCONSIN ST HLTH  5% 10/01/23</name>
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      <invstOrSec>
        <name>PHILADELPHIA PA 5% 08/01/30</name>
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      <invstOrSec>
        <name>SAN MARCOS CA UNI ZCP 08/01/37</name>
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      <invstOrSec>
        <name>PALM BEACH CNTY FL 5% 08/01/25</name>
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        <name>CHICAGO IL BRD  5.25% 12/01/39</name>
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        <name>ATLANTA GA WTR &amp; W 5% 11/01/27</name>
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        <name>KENTON CNTY KY ARP 5% 01/01/29</name>
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        <name>MAINE HLTH &amp; HGR E 5% 07/01/41</name>
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        <name>DALLAS-FORT WORTH  5% 11/01/32</name>
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      <invstOrSec>
        <name>HARRIS CNTY TX CUL 5% 06/01/24</name>
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        <name>IRVING TX HOSP AUT 5% 10/15/29</name>
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        <name>TACOMA WA ELEC SYS 5% 01/01/36</name>
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        <name>ORANGE CNTY FL SCH 5% 08/01/29</name>
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        <name>MASSACHUSETTS ST D 5% 07/01/44</name>
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        <name>PALM BEACH CNTY FL 5% 08/01/26</name>
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        <name>FLORIDA ST MID-BAY 5% 10/01/28</name>
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        <name>LEE MEMORIAL HLTH  5% 04/01/35</name>
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        <name>NEW YORK ST DORM A 5% 03/15/33</name>
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        <name>ORANGE CNTY FL SCH 5% 08/01/26</name>
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      <invstOrSec>
        <name>MICHIGAN ST HOSP  V/R 11/15/47</name>
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        <name>CHICAGO IL O'HARE  5% 01/01/26</name>
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      <invstOrSec>
        <name>WILL CNTY IL SCH  ZCP 11/01/21</name>
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          <isin value="US968767HF31"/>
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        <curCd>USD</curCd>
        <valUSD>196392.00000000</valUSD>
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      <invstOrSec>
        <name>ILLINOIS ST 5% 03/01/21</name>
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          <isin value="US452152LB52"/>
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      <invstOrSec>
        <name>CALIFORNIA ST P 5.25% 10/01/24</name>
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          <isin value="US130685J355"/>
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        <name>PENNSYLVANIA ST TU 5% 12/01/22</name>
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        <name>MAINE HLTH &amp; HGR E 4% 07/01/46</name>
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        <name>MONROE CNTY GA DE V/R 10/01/48</name>
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        <name>SOUTH CAROLINA ST  5% 07/01/28</name>
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        <name>CLEARWATER FL WTR  5% 12/01/21</name>
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      <invstOrSec>
        <name>CHICAGO IL BRD OF  5% 12/01/26</name>
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        <name>S MIAMI FL HLTH FA 5% 08/15/24</name>
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        <name>ILLINOIS ST 4% 01/01/23</name>
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        <name>SACRAMENTO CA CIT ZCP 12/01/26</name>
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          <isin value="US442349AJ52"/>
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        <name>HARRIS CNTY TX CU V/R 07/01/49</name>
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      <invstOrSec>
        <name>ILLINOIS ST 5% 02/01/27</name>
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        <name>NEW JERSEY ST ECON 5% 10/01/39</name>
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        <name>LEHIGH CNTY PA IN V/R 02/15/27</name>
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        <name>CHICAGO IL WTRW 5.25% 11/01/33</name>
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        <name>NEW JERSEY ST HLTH 5% 07/01/28</name>
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        <name>LOUISVILLE &amp; JEFFE 5% 12/01/28</name>
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        <name>MARICOPA CNTY AZ I 5% 07/01/47</name>
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        <name>NEW JERSEY ST HGR  5% 12/01/22</name>
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        <name>MARYLAND ST HLTH &amp; 5% 07/01/25</name>
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        <name>CHICAGO IL O'HARE  5% 01/01/22</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CMWLTH FING AUTH P 5% 06/01/28</name>
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        <cusip>20281PLL4</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AU 4% 02/15/41</name>
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          <isin value="US45204E6G87"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW YORK ST THRUWA 5% 04/01/20</name>
        <lei>N/A</lei>
        <title>NEW YORK ST THRUWAY AUTH 2ND G REGD N/C B/E 5.00000000</title>
        <cusip>650014UK7</cusip>
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          <isin value="US650014UK73"/>
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        <valUSD>65213.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>FRANKLIN CNTY OH H 5% 11/01/25</name>
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        <title>FRANKLIN CNTY OH HOSP FACS REV REGD N/C B/E 5.00000000</title>
        <cusip>353187DB0</cusip>
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          <isin value="US353187DB02"/>
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        <valUSD>73401.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>WESTERN MARICOPA A 5% 07/01/25</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MASSACHUSETTS ST D 5% 07/01/30</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST MTGE 3.5% 10/01/32</name>
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        <name>NEW JERSEY ST HLTH 5% 07/01/27</name>
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        <name>MONTANA ST BRD OF  4% 12/01/47</name>
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        <name>ILLINOIS ST 5% 02/01/27</name>
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        <name>NEW YORK ST DORM A 5% 05/15/23</name>
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        <name>LOS ANGELES CA UNI 5% 07/01/27</name>
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        <name>KANE MCHENRY COOK  5% 01/01/26</name>
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        <name>TOBACCO SETTLEMENT 5% 06/01/27</name>
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        <name>MIAMI-DADE CNTY FL 5% 07/01/33</name>
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        <name>OKLAHOMA CITY OK P 5% 10/01/27</name>
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        <name>GRANT CNTY WA PUBL 5% 01/01/23</name>
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        <name>BROWARD CNTY FL SC 5% 07/01/25</name>
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        <name>CHICAGO IL BRD  5.25% 12/01/21</name>
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        <name>IRVING TX HOSP AUT 5% 10/15/27</name>
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        <name>ILLINOIS ST 5% 02/01/26</name>
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        <name>GTR ORLANDO FL AVI 5% 10/01/30</name>
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        <name>MCHENRY CNTY IL C ZCP 01/15/25</name>
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        <name>IOWA ST FIN AUTH R 5% 08/01/31</name>
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        <name>ARIZONA ST TRANSPR 5% 07/01/34</name>
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        <name>HILLSBOROUGH CNTY  5% 09/01/21</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>AMERICAN MUNI PWR- 5% 02/15/24</name>
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        <name>COOK CNTY IL 5.25% 11/15/24</name>
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        <cusip>213185FK2</cusip>
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          <isin value="US213185FK23"/>
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        <name>GRAND PARKWAY T 5.25% 10/01/51</name>
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        <name>SAN ANTONIO TX PUB 5% 09/15/23</name>
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        <name>PUBLIC FIN AUTH WI 5% 10/01/43</name>
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        <name>ILLINOIS ST 5% 06/01/25</name>
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        <name>NEW HAMPSHIRE ST H 5% 07/01/26</name>
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        <name>GRAND PARKWAY TRA V/R 10/01/52</name>
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        <name>MARYLAND ST HLTH &amp; 5% 07/01/33</name>
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        <name>BROWARD CNTY FL SC 5% 07/01/25</name>
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        <name>AUSTIN TX CMNTY C ZCP 02/01/22</name>
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        <name>SAINT LUCIE CNTY F 5% 07/01/27</name>
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        <name>KING GEORGE CNTY  V/R 06/01/23</name>
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        <name>WASHINGTON ST 5% 08/01/32</name>
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        <name>CARROLL CNTY KY E V/R 10/01/34</name>
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      <invstOrSec>
        <name>UNIV OF TEXAS TX 5% 08/15/22</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MISSOURI ST HLTH &amp; 5% 02/01/45</name>
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        <name>MONTANA ST BRD OF  4% 06/01/50</name>
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          <isin value="US61212WGR07"/>
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        <name>INDIANA FIN AUTH I 5% 10/01/26</name>
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          <isin value="US45505MDV54"/>
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        <name>MIAMI-DADE CNTY FL 5% 10/01/27</name>
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          <isin value="US59333PK564"/>
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        <issuerCat>MUN</issuerCat>
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        <name>CALCASIEU PARISH L 5% 12/01/28</name>
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          <isin value="US128423EV80"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COOK CNTY IL 5% 11/15/25</name>
        <lei>N/A</lei>
        <title>COOK CNTY IL REGD B/E 5.00000000</title>
        <cusip>213185EF4</cusip>
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          <isin value="US213185EF47"/>
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        <balance>85000.00000000</balance>
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        <valUSD>87267.80000000</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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      <invstOrSec>
        <name>AKRON BATH COPL 5.25% 11/15/46</name>
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          <isin value="US009730NX61"/>
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        <balance>1605000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROWARD CNTY FL SC 5% 07/01/32</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US115065ZC13"/>
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        <balance>70000.00000000</balance>
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        <valUSD>85815.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>PHILADELPHIA PA 5% 08/01/29</name>
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          <isin value="US717813SE00"/>
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        <name>MOBILE CNTY AL BRD 5% 03/01/32</name>
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        <name>SOUTH CAROLINA ST  5% 02/01/26</name>
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        <name>NEW JERSEY ST HLT V/R 07/01/45</name>
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        <name>MIAMI-DADE CNTY FL 5% 07/01/42</name>
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        <name>LOWER COLORADO RIV 5% 05/15/36</name>
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        <name>ILLINOIS ST 5% 08/01/23</name>
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      <invstOrSec>
        <name>CLEARWATER FL WTR  5% 12/01/23</name>
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      <invstOrSec>
        <name>GEORGIA ST MUNI EL 5% 01/01/26</name>
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      <invstOrSec>
        <name>MICHIGAN ST STRAT V/R 08/01/29</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MCALLISTER ACADEMI 5% 07/01/21</name>
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          <isin value="US579173BV63"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BROWARD CNTY FL SC 5% 07/01/28</name>
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          <isin value="US115065XR00"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEXAS ST 5% 08/01/21</name>
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        <identifiers>
          <isin value="US882724PV36"/>
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        <balance>145000.00000000</balance>
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        <valUSD>153253.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MARYLAND ST HLTH &amp; 5% 07/01/27</name>
        <lei>N/A</lei>
        <title>MARYLAND ST HLTH &amp; HGR EDUCTNL REGD B/E 5.00000000</title>
        <cusip>574218XQ1</cusip>
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          <isin value="US574218XQ13"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35819.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN ANTONIO TX IND 5% 08/01/28</name>
        <lei>N/A</lei>
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        <cusip>796269XM5</cusip>
        <identifiers>
          <isin value="US796269XM55"/>
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        <balance>1195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1497693.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>INDIANA FIN AUTH I 5% 10/01/28</name>
        <lei>N/A</lei>
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        <cusip>45505MDX1</cusip>
        <identifiers>
          <isin value="US45505MDX11"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41510.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-10-01</maturityDt>
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        <name>GLENDALE AZ EXCISE 5% 07/01/32</name>
        <lei>N/A</lei>
        <title>GLENDALE AZ EXCISE TAX REVENUE REGD B/E 5.00000000</title>
        <cusip>37828GAN6</cusip>
        <identifiers>
          <isin value="US37828GAN60"/>
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        <balance>85000.00000000</balance>
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        <valUSD>106425.95000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DALLAS TX 5% 02/15/23</name>
        <lei>N/A</lei>
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        <cusip>235219HS4</cusip>
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          <isin value="US235219HS42"/>
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        <name>LAMAR TX CONSOL IN 5% 02/15/31</name>
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          <isin value="US513174XE74"/>
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        <balance>7280000.00000000</balance>
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        <name>LOWER COLORADO RIV 5% 05/15/25</name>
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        <name>VIRGINIA ST CMWLTH 5% 05/15/30</name>
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        <name>MUNI ELEC AUTH OF  5% 01/01/21</name>
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        <name>FORT WORTH TX INDE 5% 02/15/22</name>
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      <invstOrSec>
        <name>SAN DIEGO CA CONVE 5% 04/15/23</name>
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        <name>RHODE ISLAND ST  3.5% 12/01/34</name>
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        <name>LOUISVILLE &amp; JEFFE 5% 10/01/32</name>
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        <name>NEW YORK ST DORM A 5% 07/01/25</name>
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        <name>SUFFOLK VA 5% 02/01/27</name>
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        <name>S FL WTR MGMT DIST 5% 10/01/30</name>
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        <name>TRIBOROUGH NY BRID 5% 01/01/26</name>
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      <invstOrSec>
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        <name>MIAMI-DADE CNTY FL 5% 10/01/22</name>
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        <name>ILLINOIS ST FIN A V/R 11/15/42</name>
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        <identifiers>
          <isin value="US45204ETF50"/>
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        <fairValLevel>2</fairValLevel>
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        <name>LAKE CNTY IL CMNT ZCP 12/01/20</name>
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        <name>UTAH ST TRANSIT AU 5% 06/15/31</name>
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        <name>UNIV OF ILLINOI 6.25% 10/01/38</name>
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        <name>MISSION TX ECON D V/R 01/01/26</name>
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        <name>CHICAGO IL O'HARE  5% 01/01/28</name>
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        <name>CONNECTICUT ST 5% 01/15/40</name>
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        <name>MIAMI-DADE CNT 5.375% 10/01/41</name>
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        <name>PHILADELPHIA PA SC 4% 03/31/20</name>
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        <name>MET GOVT NASHVILLE 5% 07/01/20</name>
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        <name>HILLSBOROUGH CNTY  5% 09/01/22</name>
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        <name>CALIFORNIA ST PUBL 5% 11/01/23</name>
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        <name>PENNSYLVANIA ST 5% 03/15/31</name>
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        <name>WISCONSIN ST HLTH  5% 11/15/24</name>
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          <isin value="US97712DHH26"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>SAINT JOSEPH CNTY  4% 04/01/38</name>
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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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        <debtSec>
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      <invstOrSec>
        <name>PALM BEACH CNTY FL 5% 08/01/26</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>CLARK CNTY NV ARPT 5% 07/01/21</name>
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        <debtSec>
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      <invstOrSec>
        <name>GRAND RIVER OK DAM 5% 06/01/27</name>
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        <name>KNOX CNTY TN HLTH  5% 04/01/24</name>
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        <name>DE KALB CNTY GA 5.25% 10/01/25</name>
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        <name>NASH HLTH CARE SYS 5% 11/01/41</name>
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        <name>INDIANA ST FIN AU V/R 12/01/42</name>
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        <name>MASSACHUSETTS ST D 5% 07/01/21</name>
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        <name>MARICOPA CNTY AZ I 5% 01/01/22</name>
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        <name>COOK KANE LAKE &amp; M 5% 12/01/24</name>
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        <name>GEARY CNTY KS UNIF 5% 09/01/20</name>
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        <name>WISCONSIN ST HL 2.55% 11/01/27</name>
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        <name>CENTRL TX REGL MOB 5% 01/01/34</name>
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        <name>SOUTH DAKOTA ST HL 5% 07/01/35</name>
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        <name>FARMINGTON NM POL V/R 04/01/29</name>
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        <name>MICHIGAN ST HOSP F 5% 12/01/24</name>
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        <name>E-470 CO PUBLIC H ZCP 09/01/20</name>
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        <name>ATLANTA GA ARPT RE 5% 07/01/44</name>
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      <invstOrSec>
        <name>LEE MEMORIAL HLTH  5% 04/01/33</name>
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        <name>NEW JERSEY ST HLTH 5% 07/01/23</name>
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        <name>PORT SEATTLE WA SP 5% 06/01/23</name>
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        <name>MCHENRY CNTY IL C ZCP 01/15/24</name>
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        <name>ILLINOIS ST FIN AU 5% 11/15/29</name>
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        <name>COOK CNTY IL 5% 11/15/25</name>
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        <name>HOWARD CNTY MD 5% 02/15/30</name>
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        <name>CALCASIEU PARISH L 5% 12/01/26</name>
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        <name>NEW JERSEY ST ECON 5% 11/01/34</name>
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        <name>LOS ANGELES CA 5% 06/25/20</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>SEMINOLE CNTY FL S 5% 07/01/23</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW ORLEANS LA AVI 5% 01/01/26</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MARICOPA CNTY A 5.75% 01/01/36</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
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        <name>NEW YORK NY 5% 12/01/38</name>
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        <name>MARICOPA CNTY A 4.25% 07/01/25</name>
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        <name>HALIFAX FL HOSP ME 5% 06/01/28</name>
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        <name>INDIAN RIVER CNTY  5% 07/01/24</name>
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        <name>FLORIDA ST MUNI PW 5% 10/01/24</name>
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        <name>KENTON CNTY KY ARP 5% 01/01/26</name>
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        <name>MARICOPA CNTY AZ I 4% 01/01/24</name>
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        <name>MICHIGAN ST FIN AU 5% 06/01/21</name>
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        <name>SAINT LOUIS CN 5.125% 09/01/48</name>
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        <name>NEW JERSEY ST HLTH 5% 07/01/25</name>
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        <name>MCHENRY &amp; KANE CN ZCP 01/01/24</name>
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        <name>KENTUCKY ST PROPER 5% 02/01/32</name>
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        <name>MEMPHIS-SHELBY 5.625% 07/01/20</name>
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        <name>NEW JERSEY ST HLTH 5% 07/01/24</name>
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        <name>CYPRESS-FAIRBANKS  5% 02/15/22</name>
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        <name>AMERICAN MUNI PWR- 5% 02/15/23</name>
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        <name>TEXAS ST DEPT OF H 4% 03/01/50</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>PIMA CNTY AZ SWR R 5% 07/01/20</name>
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      <invstOrSec>
        <name>RIVERSIDE CA SWR R 5% 08/01/36</name>
        <lei>N/A</lei>
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          <isin value="US769047JS12"/>
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        <balance>3000000.00000000</balance>
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      <invstOrSec>
        <name>PHILADELPHIA PA AR 5% 07/01/30</name>
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          <isin value="US717817UC20"/>
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      <invstOrSec>
        <name>MONTANA ST FAC FIN 5% 02/15/25</name>
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          <isin value="US61204KKR13"/>
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      <invstOrSec>
        <name>CHICAGO IL MIDWAY  5% 01/01/32</name>
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          <isin value="US167562NV54"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>MASSACHUSETTS ST D 5% 10/01/24</name>
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          <isin value="US57584YNM74"/>
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      <invstOrSec>
        <name>MASSACHUSETTS ST D 5% 07/01/34</name>
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          <isin value="US57584YRX93"/>
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        <name>BROWARD CNTY FL SC 5% 07/01/25</name>
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        <name>DELAWARE RIVER &amp; B 5% 01/01/24</name>
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        <name>LOWER COLORADO RIV 5% 05/15/22</name>
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        <name>TEXAS ST 5% 08/01/21</name>
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        <name>MET PIER &amp; EXPOSI ZCP 06/15/47</name>
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        <name>ILLINOIS ST 5% 01/01/33</name>
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        <name>MET TRANSPRTN AUTH 5% 05/15/20</name>
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        <name>DE KALB CNTY G 6.125% 09/01/40</name>
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        <name>WASHINGTON ST 5% 08/01/32</name>
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        <name>CLARK CNTY NV 5% 06/01/35</name>
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          <isin value="US882669BC73"/>
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      <invstOrSec>
        <name>PENNSYLVANIA ST HG 5% 08/15/27</name>
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          <isin value="US70917SR394"/>
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      <invstOrSec>
        <name>BROWARD CNTY FL AR 5% 10/01/32</name>
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      <invstOrSec>
        <name>PROSPER TX INDEP S 5% 02/15/44</name>
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          <isin value="US743600F948"/>
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        <name>CHICAGO IL O'HARE  5% 01/01/22</name>
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        <name>SOUTH DAKOTA ST HL 5% 11/01/25</name>
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        <name>CHICAGO IL O'HARE  5% 07/01/38</name>
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        <name>MASSACHUSETTS ST D 5% 07/01/24</name>
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        <name>KENTUCKY ST PROPER 5% 05/01/28</name>
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          <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>SANTA FE NM RE 2.625% 05/15/25</name>
        <lei>N/A</lei>
        <title>SANTA FE NM RETMNT FAC REVENUE REGD B/E 2.62500000</title>
        <cusip>802170AR1</cusip>
        <identifiers>
          <isin value="US802170AR10"/>
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        <balance>20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20200.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>W CONTRA COSTA CA  5% 08/01/26</name>
        <lei>N/A</lei>
        <title>W CONTRA COSTA CA UNIF SCH DIS REGD B/E 5.00000000</title>
        <cusip>952347YY2</cusip>
        <identifiers>
          <isin value="US952347YY22"/>
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        <balance>230000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>253667.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>BAY AREA CA TOLL  V/R 04/01/47</name>
        <lei>N/A</lei>
        <title>BAY AREA CA TOLL AUTH TOLL BRI REGD V/R B/E 2.95000000</title>
        <cusip>072024UJ9</cusip>
        <identifiers>
          <isin value="US072024UJ97"/>
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        <balance>255000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>283399.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALASKA ST INTERNAT 5% 10/01/33</name>
        <lei>N/A</lei>
        <title>ALASKA ST INTERNATIONAL ARPTSR REGD B/E 5.00000000</title>
        <cusip>011842SR3</cusip>
        <identifiers>
          <isin value="US011842SR32"/>
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        <balance>225000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>270342.00000000</valUSD>
        <pctVal>0.030125098313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRAND RAPIDS MI PU 5% 05/01/30</name>
        <lei>N/A</lei>
        <title>GRAND RAPIDS MI PUBLIC SCHS REGD B/E AGM 5.00000000</title>
        <cusip>386280QB0</cusip>
        <identifiers>
          <isin value="US386280QB03"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122303.00000000</valUSD>
        <pctVal>0.013628625589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYNE CNTY MI ARPT 5% 12/01/30</name>
        <lei>N/A</lei>
        <title>WAYNE CNTY MI ARPT AUTH REVENU REGD B/E AMT 5.00000000</title>
        <cusip>944514XF0</cusip>
        <identifiers>
          <isin value="US944514XF04"/>
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        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18808.05000000</valUSD>
        <pctVal>0.002095842878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</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>WISCONSIN ST HLTH V/R 08/15/54</name>
        <lei>N/A</lei>
        <title>WISCONSIN ST HLTH &amp; EDUCTNL FA REGD V/R B/E 5.00000000</title>
        <cusip>97712DN69</cusip>
        <identifiers>
          <isin value="US97712DN696"/>
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        <balance>1190000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1372010.50000000</valUSD>
        <pctVal>0.152887643056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNIV OF TEXAS TX P 5% 07/01/29</name>
        <lei>N/A</lei>
        <title>UNIV OF TEXAS TX PERMANENT UNI REGD B/E 5.00000000</title>
        <cusip>9151157U7</cusip>
        <identifiers>
          <isin value="US9151157U70"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62242.50000000</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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PHOENIX AZ CIVIC I 5% 07/01/21</name>
        <lei>N/A</lei>
        <title>PHOENIX AZ CIVIC IMPT CORP EXC REGD N/C B/E 5.00000000</title>
        <cusip>71884AUL1</cusip>
        <identifiers>
          <isin value="US71884AUL15"/>
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        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31681.20000000</valUSD>
        <pctVal>0.003530340326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL BRD OF  5% 12/01/24</name>
        <lei>N/A</lei>
        <title>CHICAGO IL BRD OF EDU REGD N/C B/E 5.00000000</title>
        <cusip>167505VR4</cusip>
        <identifiers>
          <isin value="US167505VR43"/>
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        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>115986.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS ST FIN AU 5% 09/01/38</name>
        <lei>N/A</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE REGD B/E 5.00000000</title>
        <cusip>45203HNF5</cusip>
        <identifiers>
          <isin value="US45203HNF54"/>
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        <balance>315000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>342959.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN ANTONIO TX  5.25% 02/01/25</name>
        <lei>N/A</lei>
        <title>SAN ANTONIO TX ELEC &amp; GAS REVE REGD N/C B/E 5.25000000</title>
        <cusip>7962532D3</cusip>
        <identifiers>
          <isin value="US7962532D38"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109092.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>JEA FL ELEC SYS RE 5% 10/01/26</name>
        <lei>N/A</lei>
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        <cusip>46613SGJ3</cusip>
        <identifiers>
          <isin value="US46613SGJ33"/>
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        <balance>200000.00000000</balance>
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        <valUSD>246938.00000000</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>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW YORK CITY NY T 5% 05/01/32</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY TRANSITIONAL REGD B/E 5.00000000</title>
        <cusip>64971XDF2</cusip>
        <identifiers>
          <isin value="US64971XDF24"/>
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        <balance>275000.00000000</balance>
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        <valUSD>355096.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PALM BEACH CNTY FL 5% 08/01/28</name>
        <lei>N/A</lei>
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        <cusip>696550ZJ4</cusip>
        <identifiers>
          <isin value="US696550ZJ41"/>
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        <balance>160000.00000000</balance>
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        <valUSD>192908.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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>CHICAGO IL O'HARE  5% 01/01/24</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O'HARE INTERNATIONA REGD N/C B/E 5.00000000</title>
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        <identifiers>
          <isin value="US167593VF65"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>51995.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MASSACHUSETTS ST  V/R 07/01/38</name>
        <lei>N/A</lei>
        <title>MASSACHUSETTS ST DEV FIN AGY R REGD V/R B/E 5.00000000</title>
        <cusip>57584X7D7</cusip>
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          <isin value="US57584X7D71"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>387414.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MET PIER &amp; EXPOSI ZCP 06/15/23</name>
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      <invstOrSec>
        <name>HILLSBOROUGH CNTY  5% 09/01/24</name>
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      <invstOrSec>
        <name>NEW ORLEANS LA AVI 5% 01/01/24</name>
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        <name>NEW YORK CITY NY T 4% 11/01/40</name>
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        <name>UNIV OF NORTH CAR V/R 12/01/34</name>
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        <name>GEORGIA ST 5% 07/01/29</name>
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        <name>LOUISVILLE &amp; JEFFE 5% 12/01/29</name>
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        <name>MOULTON-NIGUEL CA  3% 09/01/49</name>
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        <name>BAY AREA CA TOLL  V/R 04/01/45</name>
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        <name>TEXAS ST PRIV ACTI 7% 12/31/38</name>
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        <name>WAYNE CNTY MI ARPT 5% 12/01/36</name>
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        <name>AMERICAN MUNI PWR- 5% 02/15/22</name>
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        <name>BREVARD CNTY FL SC 5% 07/01/30</name>
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        <name>WISCONSIN ST HLTH  5% 06/01/39</name>
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      <invstOrSec>
        <name>MISSISSIPPI ST 5% 10/01/30</name>
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      <invstOrSec>
        <name>IRVING TX HOSP AUT 5% 10/15/24</name>
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          <isin value="US463794JR91"/>
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        <valUSD>17469.75000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW YORK CITY NY T 5% 11/01/21</name>
        <lei>N/A</lei>
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        <cusip>64971QJC8</cusip>
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          <isin value="US64971QJC87"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>171203.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>IDAHO ST HSG &amp; FIN 5% 07/15/25</name>
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          <isin value="US45129WNT35"/>
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        <balance>35000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>DENVER CITY &amp; CNTY 5% 11/15/29</name>
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        <cusip>249182KP0</cusip>
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          <isin value="US249182KP02"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>184290.65000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>HILLSBOROUGH CNTY  5% 09/01/25</name>
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        <title>HILLSBOROUGH CNTY FL SOL WST &amp; REGD N/C B/E AMT 5.00000000</title>
        <cusip>432342DL4</cusip>
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          <isin value="US432342DL46"/>
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        <balance>65000.00000000</balance>
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        <valUSD>77951.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AU 5% 12/01/29</name>
        <lei>N/A</lei>
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          <isin value="US45204EBP25"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133860.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW HAMPSHIRE ST T 5% 02/01/22</name>
        <lei>N/A</lei>
        <title>NEW HAMPSHIRE ST TURNPIKE SYS REGD N/C B/E 5.00000000</title>
        <cusip>644693LP6</cusip>
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          <isin value="US644693LP62"/>
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        <balance>65000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>70179.85000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>GEORGIA ST 5% 07/01/29</name>
        <lei>N/A</lei>
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        <cusip>373385BH5</cusip>
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          <isin value="US373385BH55"/>
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        <balance>3835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4951521.90000000</valUSD>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>BROWARD CNTY FL SC 5% 07/01/28</name>
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        <balance>390000.00000000</balance>
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        <name>SAN ANTONIO TX EL V/R 02/01/48</name>
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        <name>NEBRASKA ST INV 3.75% 09/01/49</name>
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        <name>NEW YORK ST DORM  V/R 05/01/48</name>
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        <name>CYPRESS-FAIRBANKS V/R 02/15/44</name>
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        <name>NEW JERSEY ST EDUC 5% 07/01/29</name>
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        <name>IOWA ST FIN AUTH R 5% 05/15/43</name>
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      <invstOrSec>
        <name>UNIV OF TEXAS TX U 5% 08/15/20</name>
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      <invstOrSec>
        <name>GREENEVILLE TN HLT 5% 07/01/29</name>
        <lei>N/A</lei>
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          <isin value="US396649EM33"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL 5% 10/01/20</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-10-01</maturityDt>
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      <invstOrSec>
        <name>NEW YORK ST URBAN  5% 03/15/20</name>
        <lei>N/A</lei>
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          <isin value="US650035M217"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2020-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PENNSYLVANIA ST 5% 09/15/29</name>
        <lei>N/A</lei>
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        <cusip>70914PE57</cusip>
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          <isin value="US70914PE577"/>
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        <balance>810000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>COLORADO ST HLTH  V/R 11/15/36</name>
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          <isin value="US1964745J52"/>
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        <balance>2115000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ILLINOIS ST 5% 05/01/32</name>
        <lei>N/A</lei>
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          <isin value="US452152YB16"/>
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        <valUSD>79522.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>WISCONSIN ST HLTH V/R 08/15/54</name>
        <lei>N/A</lei>
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          <isin value="US97712DN514"/>
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        <balance>5750000.00000000</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>2054-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>UNIV OF COLORADO  V/R 11/15/38</name>
        <lei>N/A</lei>
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          <isin value="US914183BA57"/>
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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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      <invstOrSec>
        <name>PORT OF SEATTLE WA 5% 10/01/29</name>
        <lei>N/A</lei>
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          <isin value="US735389XH63"/>
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        <name>PENNSYLVANIA ST E V/R 08/01/45</name>
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          <isin value="US708692BG28"/>
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      <invstOrSec>
        <name>NEW YORK ST TRANSP 5% 07/01/41</name>
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          <isin value="US650116AQ94"/>
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        <name>RHODE ISLAND ST HL 5% 09/01/29</name>
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        <name>KALAMAZOO MI HOSP  5% 05/15/28</name>
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        <name>MARYLAND ST HL 5.625% 07/01/30</name>
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      <invstOrSec>
        <name>FLORIDA ST HGR EDU 5% 10/01/27</name>
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      <invstOrSec>
        <name>NEW YORK ST THRUWA 5% 04/01/21</name>
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      <invstOrSec>
        <name>MISSISSIPPI ST HOS 5% 01/01/30</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARIZONA ST COPS 5% 10/01/20</name>
        <lei>N/A</lei>
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        <cusip>040588G33</cusip>
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          <isin value="US040588G331"/>
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        <curCd>USD</curCd>
        <valUSD>250960.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>AMERICAN MUNI PWR- 5% 02/15/21</name>
        <lei>N/A</lei>
        <title>AMERICAN MUNI PWR-OHIO INC OH REGD N/C B/E 5.00000000</title>
        <cusip>02765UFA7</cusip>
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          <isin value="US02765UFA79"/>
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        <balance>45000.00000000</balance>
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        <valUSD>46780.65000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW HAMPSHIRE ST T 5% 02/01/24</name>
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        <cusip>644693LR2</cusip>
        <identifiers>
          <isin value="US644693LR29"/>
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        <balance>50000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53886.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CAPE GIRARDEAU CNT 5% 03/01/36</name>
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        <title>CAPE GIRARDEAU CNTY MO INDL DE REGD B/E 5.00000000</title>
        <cusip>139404GT8</cusip>
        <identifiers>
          <isin value="US139404GT82"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41256.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>MET WASHINGTON DC  5% 10/01/31</name>
        <lei>N/A</lei>
        <title>MET WASHINGTON DC ARPTS AUTH A REGD B/E AMT 5.00000000</title>
        <cusip>592647EH0</cusip>
        <identifiers>
          <isin value="US592647EH02"/>
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        <balance>70000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87934.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>TEXAS ST TRANSPRT ZCP 08/01/35</name>
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        <cusip>88283NAE2</cusip>
        <identifiers>
          <isin value="US88283NAE22"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>496072.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>DUVAL CNTY FL SCH  5% 07/01/27</name>
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        <cusip>267169FU9</cusip>
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          <isin value="US267169FU92"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149542.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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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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      <invstOrSec>
        <name>TEXAS ST A &amp; M UNI 5% 05/15/23</name>
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        <cusip>88213AEY7</cusip>
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          <isin value="US88213AEY73"/>
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        <valUSD>186902.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CARSON CITY NV HOS 5% 09/01/30</name>
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        <cusip>145810DN4</cusip>
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        <balance>20000.00000000</balance>
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        <valUSD>24690.80000000</valUSD>
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        <name>CALIFORNIA ST MUNI 5% 06/30/31</name>
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        <cusip>13048VBQ0</cusip>
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          <isin value="US13048VBQ05"/>
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        <name>WASHINGTON ST 5% 08/01/27</name>
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        <name>OHIO ST WTR DEV A V/R 12/01/36</name>
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        <name>CHICAGO IL BRD OF  5% 12/01/25</name>
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          <isin value="US167505SH08"/>
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        <name>NEW JERSEY ST HLT V/R 07/01/42</name>
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        <name>DALLAS-FORT WORTH  5% 11/01/34</name>
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        <name>GOLDEN ST TOBACCO  5% 06/01/26</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>CHICAGO IL O'HARE  5% 01/01/33</name>
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      <invstOrSec>
        <name>CHICAGO IL O'HARE  5% 01/01/23</name>
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      <invstOrSec>
        <name>GOLDEN ST TOBACCO  5% 06/01/29</name>
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      <invstOrSec>
        <name>SOUTH CAROLINA ST  5% 02/01/22</name>
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      <invstOrSec>
        <name>MET WASHINGTON DC  5% 10/01/25</name>
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        <name>CONNECTICUT ST HL V/R 07/01/36</name>
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        <name>NORTHAMPTON CNTY P 5% 11/01/27</name>
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        <name>LOWER AL GAS DIST V/R 12/01/50</name>
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        <name>NEW JERSEY ST TRAN 5% 06/15/29</name>
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        <name>N TX TOLLWAY AUTH  5% 01/01/29</name>
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        <name>GRAND PARKWAY TRAN 5% 10/01/31</name>
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        <name>PENNSYLVANIA ST TU 5% 12/01/34</name>
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        <name>MARYLAND ST ECON D 5% 06/01/32</name>
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        <name>CALIFORNIA ST PUBL 5% 11/01/24</name>
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        <name>NEVADA ST 5% 03/01/25</name>
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        <name>OAKLAND-ALAMEDA CN 5% 02/01/23</name>
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        <name>DUVAL CNTY FL SCH  5% 07/01/28</name>
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        <name>BERKS CNTY PA MUN V/R 02/01/40</name>
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        <name>MIAMI-DADE CNTY FL 5% 10/01/37</name>
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        <name>CONNECTICUT ST HL V/R 07/01/49</name>
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        <name>BURKE CNTY GA DEV V/R 11/01/53</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COOK CNTY IL 5% 11/15/22</name>
        <lei>N/A</lei>
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        <cusip>213185GM7</cusip>
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          <isin value="US213185GM79"/>
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      <invstOrSec>
        <name>PRINCE GEORGES CNT 5% 07/15/22</name>
        <lei>N/A</lei>
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          <isin value="US7417014K98"/>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AU 5% 09/01/34</name>
        <lei>N/A</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE REGD B/E 5.00000000</title>
        <cusip>45203HZQ8</cusip>
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          <isin value="US45203HZQ81"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO IL MIDWAY  5% 01/01/30</name>
        <lei>N/A</lei>
        <title>CHICAGO IL MIDWAY ARPT REVENUE REGD B/E AMT 5.00000000</title>
        <cusip>167562QH3</cusip>
        <identifiers>
          <isin value="US167562QH34"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120081.00000000</valUSD>
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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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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NEW HAMPSHIRE ST T 5% 02/01/23</name>
        <lei>N/A</lei>
        <title>NEW HAMPSHIRE ST TURNPIKE SYS REGD B/E 5.00000000</title>
        <cusip>644693LQ4</cusip>
        <identifiers>
          <isin value="US644693LQ46"/>
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        <balance>65000.00000000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BROWARD CNTY FL SC 5% 07/01/26</name>
        <lei>N/A</lei>
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          <isin value="US115065XP44"/>
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        <balance>330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>398395.80000000</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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      <invstOrSec>
        <name>PENNSYLVANIA ST EC 5% 03/01/21</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING REGD N/C B/E 5.00000000</title>
        <cusip>70869HAM7</cusip>
        <identifiers>
          <isin value="US70869HAM79"/>
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        <balance>90000.00000000</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>2021-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>WHITING IN ENVR 5.25% 01/01/21</name>
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        <cusip>96634RAN2</cusip>
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          <isin value="US96634RAN26"/>
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        <balance>415000.00000000</balance>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>OKLAHOMA ST DEV FI 5% 08/15/27</name>
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        <cusip>67884XCB1</cusip>
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          <isin value="US67884XCB10"/>
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        <balance>30000.00000000</balance>
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        <valUSD>37388.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STATE PUBLIC SCH B 5% 12/01/28</name>
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        <cusip>85732TJF0</cusip>
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          <isin value="US85732TJF03"/>
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        <balance>180000.00000000</balance>
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        <valUSD>222796.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BAY AREA CA TOLL  V/R 04/01/45</name>
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        <cusip>072024VV1</cusip>
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          <isin value="US072024VV17"/>
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        <name>ILLINOIS ST FIN AU 5% 05/15/28</name>
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          <isin value="US45204ELU00"/>
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        <name>SOUTH CAROLINA ST  5% 12/01/25</name>
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        <name>MIAMI-DADE CNTY FL 5% 02/01/29</name>
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        <name>CHICAGO IL O'HARE  5% 01/01/34</name>
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        <name>SAN ANTONIO TX ELE 5% 02/01/29</name>
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        <name>PUBLIC FIN AUTH WI 5% 10/01/48</name>
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        <name>CYPRESS-FAIRBANKS  5% 02/15/23</name>
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        <name>POWAY CA UNIF SCH  5% 09/01/25</name>
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        <name>CHICAGO IL BRD OF  5% 12/01/28</name>
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      <invstOrSec>
        <name>NEW JERSEY ST TUR V/R 01/01/28</name>
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          <isin value="US646140BL62"/>
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      <invstOrSec>
        <name>VIRGINIA ST 4% 06/01/24</name>
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      <invstOrSec>
        <name>NEW JERSEY ST TUR V/R 01/01/21</name>
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        <name>KENTUCKY ST ECON D 5% 06/01/29</name>
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        <name>KENTUCKY BOND DEV  5% 09/01/24</name>
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        <name>WASHOE CNTY NV WT V/R 03/01/36</name>
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        <name>NEW MEXICO ST M 3.75% 01/01/50</name>
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      <invstOrSec>
        <name>LOUISVILLE &amp; JEF 5.5% 10/01/33</name>
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        <name>DALLAS CNTY TX UTI 5% 02/15/24</name>
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      <invstOrSec>
        <name>HARRIS CNTY TX 5% 08/15/25</name>
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          <isin value="US414005QC55"/>
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      <invstOrSec>
        <name>LAKE CNTY OH HOSP  5% 08/15/27</name>
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          <isin value="US50943PBX69"/>
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        <curCd>USD</curCd>
        <valUSD>76995.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>RHODE ISLAND ST HL 5% 09/01/31</name>
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        <cusip>762244HH7</cusip>
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        <curCd>USD</curCd>
        <valUSD>228267.00000000</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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      <invstOrSec>
        <name>CLEVELAND OH ARPT  5% 01/01/29</name>
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          <isin value="US186352QX12"/>
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        <balance>65000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LOUISIANA ST PUBLI 5% 12/15/23</name>
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          <isin value="US5463985Y02"/>
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        <fairValLevel>2</fairValLevel>
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        <name>CHICAGO IL BRD OF  5% 12/01/20</name>
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        <name>COLORADO ST COPS 4% 12/15/36</name>
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          <isin value="US196711RL10"/>
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        <name>PHILADELPHIA PA GA 5% 08/01/24</name>
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        <name>WISCONSIN ST HLTH  5% 09/01/34</name>
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        <name>N HARRIS CNTY TX R 4% 12/15/23</name>
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        <name>WASHINGTON ST HLTH 5% 10/01/28</name>
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        <name>ILLINOIS ST TOLL H 5% 01/01/38</name>
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        <name>LOWER COLORADO RIV 5% 05/15/34</name>
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        <name>NEW YORK NY 5% 08/01/22</name>
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        <name>WASHINGTON TWP C 5.5% 08/01/40</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW HAMPSHIRE ST H 5% 10/01/43</name>
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        <name>RAILSPLITTER IL  5.5% 06/01/23</name>
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      <invstOrSec>
        <name>NEW JERSEY ST TRAN 5% 06/15/24</name>
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        <name>CITIZENS PROPERTY  5% 06/01/21</name>
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        <name>GRUNDY &amp; WILL CNTY 5% 02/01/29</name>
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        <name>UNIV OF HOUSTON 5.25% 02/15/25</name>
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        <name>CYPRESS-FAIRBANKS  5% 02/15/27</name>
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        <name>LEHIGH CNTY PA IN V/R 09/01/29</name>
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        <name>ILLINOIS ST 5% 01/01/22</name>
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      <invstOrSec>
        <name>SALT RIVER AZ PROJ 5% 01/01/33</name>
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        <curCd>USD</curCd>
        <valUSD>187197.90000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>ALASKA ST HSG FIN  5% 06/01/30</name>
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        <cusip>011839NS2</cusip>
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          <isin value="US011839NS23"/>
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        <balance>1000000.00000000</balance>
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        <name>MOBILE AL INDL DE V/R 06/01/34</name>
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        <name>MET COUNCIL MINNEA 3% 03/01/27</name>
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        <name>ILLINOIS ST FIN AU 5% 08/01/22</name>
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        <name>ILLINOIS ST FIN AU 5% 01/01/36</name>
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        <name>IDAHO ST HSG &amp; FIN 5% 07/15/21</name>
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      <invstOrSec>
        <name>NEW YORK NY 5% 12/01/34</name>
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          <isin value="US64966QAN07"/>
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        <balance>5000000.00000000</balance>
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        <valUSD>6529700.00000000</valUSD>
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        <valUSD>222721.50000000</valUSD>
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    <signature>
      <ncom:dateSigned>2020-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Brinker Capital Destinations Trust</ncom:nameOfApplicant>
      <ncom:signature>Donna Marley</ncom:signature>
      <ncom:signerName>Donna Marley</ncom:signerName>
      <ncom:title>Chief Operating Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
