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      <invstOrSec>
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      <invstOrSec>
        <name>BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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          <isin value="US05786PAA12"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>MONTGOMERY ALA MED CLINIC BRD HEALTH REV</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>DOUGLAS COUNTY HOUSING AUTHORITY</name>
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        <curCd>USD</curCd>
        <valUSD>1636865.720000</valUSD>
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      <invstOrSec>
        <name>CHICAGO BOARD OF EDUCATION</name>
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          <isin value="US167505ZM10"/>
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        <curCd>USD</curCd>
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        <name>CITY OF FORT WORTH TX WATER &amp; SEWER SYSTEM REVENUE</name>
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      <invstOrSec>
        <name>SUFFOLK TOBACCO ASSET SECURITIZATION CORPORATION</name>
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        <curCd>USD</curCd>
        <valUSD>5529524.140000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>FAIRBANKS SQUARE CIC LP</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY HOUSING AGENCY</name>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BUILD NYC RESOURCE CORPORATION</name>
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        <curCd>USD</curCd>
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        <name>OHIO AIR QUALITY DEVELOPMENT AUTHORITY</name>
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        <name>ST JOHNSONS CNTY FLA INDL DEV AUTH</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <name>CAPITAL TRUST AGENCY INC</name>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <name>DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DISTRICT</name>
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        <name>RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT</name>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <name>CAPE GIRARDEAU COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <name>CENTERRA METROPOLITAN DISTRICT NO 1</name>
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        <curCd>USD</curCd>
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        <name>TAKE BACK &amp; EXIT FACILITY FKA GMR/ALEON</name>
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        <name>TAMPA-HILLSBOROUGH COUNTY EXPRESSWAY AUTHORITY</name>
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      <invstOrSec>
        <name>INLAND EMPIRE TOBACCO SECURITIZATION CORPORATION</name>
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        <name>NEW YORK STATE DORMITORY AUTHORITY</name>
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        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>CITY OF ATLANTIC CITY NJ</name>
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          <isin value="US048339UY98"/>
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        <curCd>USD</curCd>
        <valUSD>756566.400000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>FARMS NEW KENT COMMUNITY DEVEL</name>
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        <curCd>USD</curCd>
        <valUSD>4480891.780000</valUSD>
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        <assetCat>DBT</assetCat>
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        <name>MAIN STREET NATURAL GAS INC</name>
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        <name>VM FUND I LLC</name>
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        <curCd>USD</curCd>
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        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <name>BRADLEY HEIGHTS METROPOLITAN DISTRICT NO 2</name>
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        <name>IOWA FINANCE AUTHORITY</name>
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        <name>MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA</name>
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        <name>COMMONWEALTH FINANCING AUTHORITY</name>
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        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
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        <name>BLACK BELT ENERGY GAS DISTRICT</name>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <name>MARYLAND ST HEALTH &amp; HIGHER EDL FACS AUTH REV</name>
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        <name>HONEOYE FALLS-LIMA CENTRAL SCHOOL DISTRICT</name>
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        <name>LYNCHBURG ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <name>CSCDA COMMUNITY IMPROVEMENT AUTHORITY</name>
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        <name>CLEAR CREEK TRANSIT METROPOLITAN DISTRICT NO 2</name>
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        <name>GOLDEN STATE TOBACCO SECURITIZATION</name>
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        <name>FHLMC PASS THRU POOLS</name>
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        <name>SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT</name>
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        <name>INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK</name>
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        <name>CLACKAMAS CNTY ORE HOSP FAC AUTH REV</name>
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        <name>NEW YORK LIBERTY DEVELOPMENT CORPORATION</name>
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        <name>LOUISIANA HOUSING FIN AGY MTG REV</name>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
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        <name>TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION</name>
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        <name>ARLINGTON HIGHER EDUCATION FINANCE CORPORATION</name>
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        <name>CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY</name>
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        <balance>5200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>989846.520000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION</name>
        <lei>549300KOSU8OC75V9238</lei>
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        <cusip>95737TFY7</cusip>
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          <isin value="US95737TFY73"/>
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        <balance>1000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1130494.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORPORATION I</name>
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        <title>TEXAS ST MUNI GAS ACQUISITION TXSUTL 12/26 FLOATING VAR</title>
        <cusip>88256CAX7</cusip>
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          <isin value="US88256CAX74"/>
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        <balance>3000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3001092.300000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.1198</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>AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01</name>
        <lei>N/A</lei>
        <title>AFFORDABLE HSG OPPORTUNITIES T TENGEN 04/39 FIXED 7.57</title>
        <cusip>00826SAT7</cusip>
        <identifiers>
          <isin value="US00826SAT78"/>
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        <balance>865000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>866908.880000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.57</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITY OF CHICAGO</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>CHICAGO IL CHI 01/39 FIXED 5.5</title>
        <cusip>167486P52</cusip>
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          <isin value="US167486P526"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2413059.030000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</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>STATE OF ILLINOIS SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>ILLINOIS ST SALES TAX REVENUE ILSGEN 06/31 FIXED 5</title>
        <cusip>452227SF9</cusip>
        <identifiers>
          <isin value="US452227SF94"/>
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        <balance>2000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2217345.800000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAIN STREET NATURAL GAS INC</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>MAIN STREET NATURAL GAS INC GA MAIUTL 12/55 ADJUSTABLE VAR</title>
        <cusip>56035DKH4</cusip>
        <identifiers>
          <isin value="US56035DKH43"/>
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        <balance>2300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2450910.820000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP RHODE ISLAN</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FING CORP R TOBGEN 06/52 ZEROCPNOID 0</title>
        <cusip>888809AH3</cusip>
        <identifiers>
          <isin value="US888809AH36"/>
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        <balance>1700000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>247472.740000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAMPA HEALTH SYSTEMS</name>
        <lei>N/A</lei>
        <title>TAMPA FL CAPITAL IMPT CIGARETT TAMGEN 09/37 ZEROCPNOID 0</title>
        <cusip>875146AV4</cusip>
        <identifiers>
          <isin value="US875146AV45"/>
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        <balance>800000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>495820.080000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>RFR USD SOFR/3.50000 09/17/25-30Y CME</title>
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      <invstOrSec>
        <name>IOWA FINANCE AUTHORITY</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>CROSSROADS SQUARE FIXED DELAYED DRAW TERM LOAN</title>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>TOLL ROAD INVESTORS PARTNERSHIP II LP</name>
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      <invstOrSec>
        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY</name>
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        <title>CALIFORNIA ST MUNI FIN AUTH MF CASMFH 11/36 FIXED 4</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>CITY OF RENO NV</name>
        <lei>549300M4R5WWSUWY8D52</lei>
        <title>RENO NV SALES TAX REVENUE RENGEN 07/58 ZEROCPNOID 0</title>
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          <isin value="US759861EJ20"/>
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        <balance>22500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3559884.750000</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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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>OHIO HOUSING FINANCE AGENCY</name>
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        <curCd>USD</curCd>
        <valUSD>1035165.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FHLMC MULTIFAMILY VRD CERTIFICATES</name>
        <lei>N/A</lei>
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        <name>CHICAGO BOARD OF EDUCATION</name>
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        <name>THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY</name>
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      <invstOrSec>
        <name>THE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF KINGSPORT TENNESSEE</name>
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        <title>MAPLE OAKS FIXED TAX EXEMPT PERM DDTL</title>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
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        <name>CSCDA COMMUNITY IMPROVEMENT AUTHORITY</name>
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        <name>BLACK BELT ENERGY GAS DISTRICT</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <title>NEW HOPE CULTURAL EDU FACS FIN NHPFAC 07/31 FIXED OID 4</title>
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        <name>CITY OF DETROIT</name>
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        <title>DETROIT MI DET 04/44 ADJUSTABLE VAR</title>
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        <name>CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY</name>
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        <name>YONKERS NY ECONOMIC DEV CORP EDL REV</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <name>VAIL HOME PARTNERS CORP</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <name>SALT VERDE FINANCIAL CORPORATION</name>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
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        <lei>N/A</lei>
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          <isin value="US366144AL72"/>
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        <curCd>USD</curCd>
        <valUSD>1112688.750000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HASTINGS CAMPUS HOUSING FINANCE AUTHORITY</name>
        <lei>N/A</lei>
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          <isin value="US418338AB53"/>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>OHIO AIR QUALITY DEVELOPMENT AUTHORITY</name>
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        <cusip>677525WV5</cusip>
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          <isin value="US677525WV57"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <couponKind>Variable</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DOMINION WATER &amp; SANITATION DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>25755AAC5</cusip>
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          <isin value="US25755AAC53"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY</name>
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          <isin value="US18611HAB15"/>
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        <balance>910000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>699139.260000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
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          <isin value="US74442PRQ09"/>
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        <balance>4545000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>FREDDIE MAC MULTIFAMILY M CERTIFICATES M-070</name>
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        <title>FREDDIE MAC MULTIFAMILY VARIAB FMMV M070 A</title>
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        <identifiers>
          <isin value="US3137HASB30"/>
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        <curCd>USD</curCd>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="935TAI007"/>
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        <curCd>USD</curCd>
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        <assetCat>RA</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
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          <transCat>Repurchase</transCat>
          <clearedCentCparty centralCounterparty="Fixed Income Clearing Corp" isCleared="Y"/>
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      <invstOrSec>
        <name>GREATER ORLANDO AVIATION AUTHORITY</name>
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        <cusip>3922745N2</cusip>
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          <isin value="US3922745N29"/>
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        <balance>3335000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY</name>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>DOMINION WATER &amp; SANITATION DISTRICT</name>
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        <name>PUBLIC ENERGY AUTHORITY OF KENTUCKY INC</name>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <name>THE ATLANTA DEVELOPMENT AUTHORITY</name>
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      <invstOrSec>
        <name>NEW YORK COUNTIES TOBACCO TRUST V</name>
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          <couponKind>None</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COUNTY OF CUYAHOGA OH</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INDIANA FINANCE AUTHORITY</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FINANCING CORPORATION</name>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>NEW YORK ENERGY FINANCE DEVELOPMENT CORPORATION</name>
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          <annualizedRt>5</annualizedRt>
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        <name>MICHIGAN FINANCE AUTHORITY</name>
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          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH SOUTHN CAL T</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>MICHIGAN TOBACCO SETTLEMENT FINANCE AUTHORITY</name>
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        <name>CITY OF WOODLAND CA COMMUNITY FACILITIES DISTRICT NO 2004-1</name>
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        <name>LOUISIANA HOUSING FIN AGY MTG REV</name>
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        <title>VINEYARD AT IOWA FIXED DELAYED DRAW TERM LOAN</title>
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        <name>RIVER ISLANDS PUBLIC FINANCING AUTHORITY</name>
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        <name>CITY OF PILOT POINT TX</name>
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        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
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        <name>AFFORDABLE HOUSING OPPORTUNITIES TRUST SERIES AH-01</name>
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        <name>MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT</name>
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        <name>LOUISIANA HOUSING FIN AGY MTG REV</name>
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        <title>FEDERAL BUILDING 10 FIXED DELAYED DRAW TERM LOAN</title>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
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          <couponKind>Fixed</couponKind>
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        <name>CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Variable</couponKind>
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        <name>INDIANA HOUSING FINANCE AUTHOR</name>
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        <name>RHODE ISLAND HEALTH &amp; EDL BLDG CORP</name>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <name>THE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF KINGSPORT TENNESSEE</name>
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        <name>TRANSPORT METROPOLITAN DISTRICT NO 3</name>
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      <invstOrSec>
        <name>TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION</name>
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        <name>MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA</name>
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        <name>CSCDA COMMUNITY IMPROVEMENT AUTHORITY</name>
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          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>CMFA SPECIAL FINANCE AGENCY</name>
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        <name>MONONGALIA COUNTY OF</name>
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      <invstOrSec>
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        <securityLending>
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      <invstOrSec>
        <name>COLORADO BRIDGE &amp; TUNNEL ENTERPRISE</name>
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        <name>OHIO AIR QUALITY DEVELOPMENT AUTHORITY</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>ORANGE CNTY FLA HEALTH FACS AUTH FEV</name>
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      <invstOrSec>
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        <name>TOB SECURITIZATION AUTH NORTHNCALIF</name>
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        <name>ILLINOIS ST</name>
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        <name>COLUMBUS-FRANKLIN COUNTY FINAN</name>
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        <name>THE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF KINGSPORT TENNESSEE</name>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>CAPITAL TRUST AGENCY INC</name>
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      <invstOrSec>
        <name>CITY OF PILOT POINT TX</name>
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        <name>MINNEAPOLIS-ST PAUL METROPOLITAN AIRPORTS COMMISSION</name>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
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        <name>NEW ORLEANS AVIATION BOARD</name>
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        <name>TOBACCO SETTLEMENT FINANCING CORPORATION</name>
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      <invstOrSec>
        <name>WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <name>VIRGINIA BEACH DEVELOPMENT AUTHORITY</name>
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      <invstOrSec>
        <name>CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE</name>
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        <name>CHICAGO BOARD OF EDUCATION</name>
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        <name>VILLAGE METROPOLITAN DISTRICT/THE</name>
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        <assetCat>EP</assetCat>
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      <invstOrSec>
        <name>CITY OF LAS VEGAS NV SALES TAX INCREMENT REVENUE</name>
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      <invstOrSec>
        <name>CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL</name>
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      <invstOrSec>
        <name>WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY</name>
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      <invstOrSec>
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        <cusip>708692CA4</cusip>
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      <invstOrSec>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
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        <name>BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <name>CITY OF WHITING INDIANA</name>
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        <name>COUNTY OF GRAND FORKS</name>
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        <name>CROSSWINDS EAST COMMUNITY DEVELOPMENT DISTRICT</name>
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      <invstOrSec>
        <name>BLACK BELT ENERGY GAS DISTRICT</name>
        <lei>549300I8V0Z68JQCB679</lei>
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          <isin value="US09182TDB08"/>
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        <curCd>USD</curCd>
        <valUSD>5937265.980000</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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          <couponKind>Variable</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FRANKLIN COUNTY CONVENTION FACILITIES AUTHORITY HOTEL PROJECT REVENUE</name>
        <lei>N/A</lei>
        <title>FRANKLIN CNTY OH CONVENTION FA FRAFAC 12/44 FIXED 5</title>
        <cusip>35317DAM7</cusip>
        <identifiers>
          <isin value="US35317DAM74"/>
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        <curCd>USD</curCd>
        <valUSD>2505495.750000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/54 FIXED OID 5.25</title>
        <cusip>45204EC55</cusip>
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          <isin value="US45204EC557"/>
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        <curCd>USD</curCd>
        <valUSD>782323.200000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 05/40 FIXED 5</title>
        <cusip>452153JX8</cusip>
        <identifiers>
          <isin value="US452153JX83"/>
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        <curCd>USD</curCd>
        <valUSD>6451075.800000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SUNRISE COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>SUNRISE CDD FL CAPITAL IMPT RE SSEDEV 05/45 FIXED OID 5.625</title>
        <cusip>86771UAC3</cusip>
        <identifiers>
          <isin value="US86771UAC36"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>992497.400000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.625</annualizedRt>
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      <invstOrSec>
        <name>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>ARKANSAS ST DEV FIN AUTH INDL ARSDEV 09/49 FIXED 4.75</title>
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          <isin value="US04108WCD20"/>
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        <curCd>USD</curCd>
        <valUSD>1273680.330000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
        <title>KENTUCKY ST ECON DEV FIN AUTH KYSMED 07/50 FIXED OID 5</title>
        <cusip>49126TBC5</cusip>
        <identifiers>
          <isin value="US49126TBC53"/>
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        <balance>4000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3316514.400000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI REVENUE PUBGEN 09/51 FIXED 4</title>
        <cusip>74442PTF2</cusip>
        <identifiers>
          <isin value="US74442PTF26"/>
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        <balance>985000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>816243.590000</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>2051-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15</name>
        <lei>N/A</lei>
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        <cusip>92708KAA5</cusip>
        <identifiers>
          <isin value="US92708KAA51"/>
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        <balance>385000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>389575.730000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RHODE ISLAND HEALTH &amp; EDL BLDG CORP</name>
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        <cusip>762244MJ7</cusip>
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          <isin value="US762244MJ71"/>
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        <balance>3650000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3692472.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
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      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
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        <balance>2150000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2299472.730000</valUSD>
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        <assetCat>DBT</assetCat>
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          <annualizedRt>5</annualizedRt>
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        <name>DENTON ESSENTIAL INVESTMENTS PFC</name>
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        <valUSD>3727750.000000</valUSD>
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        <name>BLACK BELT ENERGY GAS DISTRICT</name>
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          <isin value="US09182TGC53"/>
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        <curCd>USD</curCd>
        <valUSD>10594948.320000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY HOUSING AGENCY</name>
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          <isin value="US13013FBH64"/>
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        <balance>2500000.000000</balance>
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        <curCd>USD</curCd>
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        <name>KENTUCKY ST PPTY &amp; BLDGS COMMN REVS</name>
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          <couponKind>Fixed</couponKind>
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        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>WISCONSIN CENTER DISTRICT</name>
        <lei>N/A</lei>
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        <cusip>976595FL7</cusip>
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          <isin value="US976595FL77"/>
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        <balance>2755000.000000</balance>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>CHICAGO BOARD OF EDUCATION</name>
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        <cusip>167505TJ5</cusip>
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          <isin value="US167505TJ54"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>INLIVIAN</name>
        <lei>N/A</lei>
        <title>FAIRHAVEN GLEN TAXABLE CONSTRUCT</title>
        <cusip>BA00061Z5</cusip>
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          <other otherDesc="Internal ID" value="MUNIFG930"/>
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        <curCd>USD</curCd>
        <valUSD>10105441.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NUVEEN QUALITY MUNICIPAL INCOME FUND</name>
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        <cusip>67066V101</cusip>
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          <isin value="US67066V1017"/>
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        <curCd>USD</curCd>
        <valUSD>3613764.920000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
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        <cusip>650116EY8</cusip>
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          <isin value="US650116EY82"/>
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        <curCd>USD</curCd>
        <valUSD>666260.330000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.25</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0</title>
        <cusip>74529JQG3</cusip>
        <identifiers>
          <isin value="US74529JQG30"/>
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        <balance>69270000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23276507.170000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH SOUTHN CAL T</name>
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        <title>TOBACCO SECURITIZATION AUTH ST TOBGEN 06/54 ZEROCPNOID 0</title>
        <cusip>888804CU3</cusip>
        <identifiers>
          <isin value="US888804CU32"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206794.900000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAN FRANCISCO CITY &amp; COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT</name>
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        <title>SAN FRANCISCO CA CITY  CNTY AR SFOAPT 05/41 FIXED 5</title>
        <cusip>79766DGE3</cusip>
        <identifiers>
          <isin value="US79766DGE31"/>
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        <balance>7500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7517653.500000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/41 FIXED 6</title>
        <cusip>650116JD9</cusip>
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          <isin value="US650116JD90"/>
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        <balance>1125000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1262271.260000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>SENAC SOUTH METROPOLITAN DISTRICT NO 1</name>
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        <balance>2915000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>BLYTHE TOWNSHIP SOLID WASTE AUTHORITY</name>
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        <balance>1645000.000000</balance>
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      <invstOrSec>
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      <invstOrSec>
        <name>COUNTY OF OSCEOLA FL TRANSPORTATION REVENUE</name>
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        <balance>1250000.000000</balance>
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        <curCd>USD</curCd>
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        <name>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <securityLending>
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      <invstOrSec>
        <name>GEISINGER AUTH PA HEALTH SYSTEM</name>
        <lei>N/A</lei>
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        <balance>7000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6105706.600000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1152920.660000</valUSD>
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        <securityLending>
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      <invstOrSec>
        <name>DENTON CNTY TEX</name>
        <lei>N/A</lei>
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          <isin value="US24880GAR02"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>MEMPHIS-SHELBY COUNTY INDUSTRIAL DEVELOPMENT BOARD</name>
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        <curCd>USD</curCd>
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        <securityLending>
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      <invstOrSec>
        <name>MONONGALIA COUNTY OF</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>1381369.230000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>ILLINOIS ST</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 06/37 FIXED OID 4</title>
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          <isin value="US452152E647"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1397124.540000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY</name>
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        <cusip>42982GAC2</cusip>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>995366.900000</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>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
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      <invstOrSec>
        <name>POLK COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL</name>
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          <isin value="US731120NQ00"/>
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        <curCd>USD</curCd>
        <valUSD>546750.000000</valUSD>
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        <assetCat>DBT</assetCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.875</annualizedRt>
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      <invstOrSec>
        <name>PHOENIX INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <title>FALCON PK DELAYED DRAW TERM LOAN 2</title>
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          <ticker value="PHOMFH"/>
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        <curCd>USD</curCd>
        <valUSD>2800000.000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MIDA CORMONT PUBLIC INFRASTRUCTURE DISTRICT</name>
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        <curCd>USD</curCd>
        <valUSD>577362.560000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25</annualizedRt>
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      <invstOrSec>
        <name>MET GOVT NASHVILLE &amp; DAVIDSON CNTY TENN</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>GOLDEN STATE TOBACCO SECURITIZATION</name>
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        <curCd>USD</curCd>
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      <invstOrSec>
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      <invstOrSec>
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        <name>ILLINOIS ST</name>
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      <invstOrSec>
        <name>LAKEWOOD RANCH STEWARDSHIP DISTRICT</name>
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        <name>INLIVIAN</name>
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        <curCd>USD</curCd>
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        <securityLending>
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      <invstOrSec>
        <name>OHIO HOUSING FINANCE AGENCY</name>
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        <curCd>USD</curCd>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK TRANSPORTATION DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/60 FIXED 5.5</title>
        <cusip>650116JS6</cusip>
        <identifiers>
          <isin value="US650116JS69"/>
        </identifiers>
        <balance>2200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2282403.200000</valUSD>
        <pctVal>0.142304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REFLECTION BAY COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>REFLECTION BAY CDD FL SPL ASSM REFDEV 05/30 FIXED 4.5</title>
        <cusip>75865NAA3</cusip>
        <identifiers>
          <isin value="US75865NAA37"/>
        </identifiers>
        <balance>330000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>334828.260000</valUSD>
        <pctVal>0.020876</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>4.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOBACCO SETTLEMENT FING CORP RHODE ISLAN</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FING CORP R TOBGEN 06/50 FIXED 5</title>
        <cusip>888809BG4</cusip>
        <identifiers>
          <isin value="US888809BG44"/>
        </identifiers>
        <balance>10000000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9915987.000000</valUSD>
        <pctVal>0.618246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI EDUCTNL FAC PUBFIN 06/45 FIXED OID 6.5</title>
        <cusip>74443DGE5</cusip>
        <identifiers>
          <isin value="US74443DGE58"/>
        </identifiers>
        <balance>3100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2774349.960000</valUSD>
        <pctVal>0.172976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK LIBERTY DEVELOPMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>NEW YORK ST LIBERTY DEV CORP L NYCDEV 11/40 FIXED 5.375</title>
        <cusip>649519DC6</cusip>
        <identifiers>
          <isin value="US649519DC68"/>
        </identifiers>
        <balance>4500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4499751.600000</valUSD>
        <pctVal>0.280552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.375</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO OHARE INTERNATIONAL AIRPORT</name>
        <lei>N/A</lei>
        <title>CHICAGO IL O HARE INTERNATIONA CHITRN 01/39 FIXED 5</title>
        <cusip>1675935X6</cusip>
        <identifiers>
          <isin value="US1675935X64"/>
        </identifiers>
        <balance>1200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1299921.720000</valUSD>
        <pctVal>0.081048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA HOUSING FINANCE AGENCY</name>
        <lei>549300JZVUPNWP77SP29</lei>
        <title>PENNSYLVANIA ST HSG FIN AGY SF PASSFH 10/54 FIXED 6</title>
        <cusip>70879QWN9</cusip>
        <identifiers>
          <isin value="US70879QWN95"/>
        </identifiers>
        <balance>2025000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2198448.740000</valUSD>
        <pctVal>0.13707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT</name>
        <lei>N/A</lei>
        <title>MIDA MOUNTAIN VLG PUBLIC INFRA MMVDEV 08/50 FIXED OID 4</title>
        <cusip>59561TAQ6</cusip>
        <identifiers>
          <isin value="US59561TAQ67"/>
        </identifiers>
        <balance>1845000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1574750.300000</valUSD>
        <pctVal>0.0981831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>CALIFORNIA HSG FIN AGY LTD OBL CA HSG FIN AGY H</title>
        <cusip>13034DAF1</cusip>
        <identifiers>
          <isin value="US13034DAF15"/>
        </identifiers>
        <balance>5300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5340411.970000</valUSD>
        <pctVal>0.332966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.97</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGELINE COMMUNITY DEVELOPMENT DISTRICT</name>
        <lei>N/A</lei>
        <title>ANGELINE CDD FL CAPITAL IMPT R ANGDEV 05/45 FIXED 5.5</title>
        <cusip>03473TAB4</cusip>
        <identifiers>
          <isin value="US03473TAB44"/>
        </identifiers>
        <balance>925000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>935515.590000</valUSD>
        <pctVal>0.0583279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>MERCER CNTY PA INDL DEV AUTH C MERHGR 10/50 FIXED 6.125</title>
        <cusip>58787LAA8</cusip>
        <identifiers>
          <isin value="US58787LAA89"/>
        </identifiers>
        <balance>2170000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1541937.770000</valUSD>
        <pctVal>0.0961373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.125</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLORIDA DEVELOPMENT FINANCE CORPORATION</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>FLORIDA ST DEV FIN CORP FLORIDA DEV FIN CORP</title>
        <cusip>340618DV6</cusip>
        <identifiers>
          <isin value="US340618DV61"/>
        </identifiers>
        <balance>5750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5662172.200000</valUSD>
        <pctVal>0.353027</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO TRANSIT AUTHORITY SALES TAX RECEIPTS FUND</name>
        <lei>N/A</lei>
        <title>CHICAGO IL TRANSIT AUTH SALES CHITRN 12/49 FIXED 5</title>
        <cusip>16772PEP7</cusip>
        <identifiers>
          <isin value="US16772PEP71"/>
        </identifiers>
        <balance>3750000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3888161.630000</valUSD>
        <pctVal>0.242421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METROPOLITAN GOVERNMENT NASHVILLE &amp; DAVIDSON COUNTY INDUSTRIAL DEVELOPMENT BOARD</name>
        <lei>N/A</lei>
        <title>MET GOVT NASHVILLE   DAVIDSON METDEV 06/43 ZEROCPNOID 0</title>
        <cusip>59211SAB5</cusip>
        <identifiers>
          <isin value="US59211SAB51"/>
        </identifiers>
        <balance>1915000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>833979.440000</valUSD>
        <pctVal>0.0519973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OHIO HOUSING FINANCE AGENCY</name>
        <lei>549300K10X7VPG6JVX38</lei>
        <title>OHIO ST HSG FIN AGY MF HSG REV OHSMFH 01/45 FIXED 6.5</title>
        <cusip>676900XW8</cusip>
        <identifiers>
          <isin value="US676900XW86"/>
        </identifiers>
        <balance>1100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1129563.160000</valUSD>
        <pctVal>0.0704264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FIN VASMED 06/43 FIXED 5</title>
        <cusip>928105CK9</cusip>
        <identifiers>
          <isin value="US928105CK91"/>
        </identifiers>
        <balance>1445000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1528423.750000</valUSD>
        <pctVal>0.0952947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Total returns do not deduct sales loads and redemption fees." noteItem="B.5.a"/>

      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.c.vi"/>
      <explntrNote note="A negative balance, which may be due to such circumstances as a net overdraft as of the reporting period-end, is reported as $0 in Item B.2.f - Cash and cash equivalents not reported in Parts C and D.  This is done in order to conform to the technical constraints of the XML type, which do not allow negative values in B.2.f." noteItem="B.2.f"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.d.iii"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.e.iii"/>
      <explntrNote note="The form requires the filer to report ISO country codes and certain supranational entities are not on the ISO country code list.  Instruments issued by or economic exposure to a supranational entity may be disclosed as N/A." noteItem="C.5.a"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.f.ii"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-02-27</ncom:dateSigned>
      <ncom:nameOfApplicant>PIMCO Flexible Municipal Income Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Bijal Parikh</ncom:signature>
      <ncom:signerName>Bijal Parikh</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
