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        <name>CLIFTON HGR EDU FIN</name>
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        <name>CO ST HLTH FACS HOSP REV COMMON SR B-2 PUT</name>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DALLAS FORT WORTH-A-2 AMT</name>
        <lei>N/A</lei>
        <title>DALLAS FORT WORTH TX INTERNATI DALAPT 11/50 ADJUSTABLE VAR</title>
        <cusip>23503CFK8</cusip>
        <identifiers>
          <isin value="US23503CFK80"/>
        </identifiers>
        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525230.800000</valUSD>
        <pctVal>2.4731694228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</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>DENVER CITY &amp; CNTY CO ARPT REV SER A AMT</name>
        <lei>N/A</lei>
        <title>DENVER CITY   CNTY CO ARPT REV DENAPT 12/31 FIXED 5</title>
        <cusip>249182LE4</cusip>
        <identifiers>
          <isin value="US249182LE46"/>
        </identifiers>
        <balance>65000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67897.390000</valUSD>
        <pctVal>0.3197103994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>DENVER CITY &amp; SCH DIST #1 SER A</name>
        <lei>N/A</lei>
        <title>DENVER CITY   CNTY CO SCH DIST DENSCD 12/27 FIXED 5.5</title>
        <cusip>249174WG4</cusip>
        <identifiers>
          <isin value="US249174WG41"/>
        </identifiers>
        <balance>65000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>67750.240000</valUSD>
        <pctVal>0.3190175099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.5000000000</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>DENVER CO CONVENTION CTR HOTEL SENIOR</name>
        <lei>N/A</lei>
        <title>DENVER CO CONVENTION CENTER HO DENFAC 12/36 FIXED 5</title>
        <cusip>249189DQ1</cusip>
        <identifiers>
          <isin value="US249189DQ11"/>
        </identifiers>
        <balance>70000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70381.460000</valUSD>
        <pctVal>0.3314072115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIST OF COLUMBIA REV</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>DIST OF COLUMBIA REVENUE DISREV 07/28 FIXED 5</title>
        <cusip>25483VVZ4</cusip>
        <identifiers>
          <isin value="US25483VVZ48"/>
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        <balance>20000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20578.020000</valUSD>
        <pctVal>0.0968963165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>DIST OF COLUMBIA REF GEORGETOWN UNI</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>DIST OF COLUMBIA UNIV REVENUE DISHGR 04/33 FIXED 5</title>
        <cusip>25484JCZ1</cusip>
        <identifiers>
          <isin value="US25484JCZ12"/>
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        <balance>115000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>116643.650000</valUSD>
        <pctVal>0.5492433204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DURHAM NC HSG MF HSG REV 500 EAST MAIN</name>
        <lei>N/A</lei>
        <title>DURHAM NC HSG AUTH MF HSG REVE DURMFH 04/29 ADJUSTABLE VAR</title>
        <cusip>266785AU8</cusip>
        <identifiers>
          <isin value="US266785AU85"/>
        </identifiers>
        <balance>10000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10108.820000</valUSD>
        <pctVal>0.0475996924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.6250000000</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>ENERGY N W WA ELEC REV SER C</name>
        <lei>N/A</lei>
        <title>ENERGY N W WA ELEC REVENUE ENEPWR 07/28 FIXED 5</title>
        <cusip>29270C2H7</cusip>
        <identifiers>
          <isin value="US29270C2H77"/>
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        <balance>200000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>210100.760000</valUSD>
        <pctVal>0.9893075108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FL ST MUNI PWR AGY SER A</name>
        <lei>549300M3I10QJUPNU131</lei>
        <title>FLORIDA ST MUNI PWR AGY FLSPWR 10/28 FIXED 5</title>
        <cusip>342816J22</cusip>
        <identifiers>
          <isin value="US342816J228"/>
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        <balance>35000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35262.340000</valUSD>
        <pctVal>0.1660407978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>FORT BEND ISD-B</name>
        <lei>N/A</lei>
        <title>FORT BEND TX INDEP SCH DIST FORSCD 08/56 ADJUSTABLE VAR</title>
        <cusip>346843XW0</cusip>
        <identifiers>
          <isin value="US346843XW03"/>
        </identifiers>
        <balance>75000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75058.760000</valUSD>
        <pctVal>0.3534313489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.1250000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FULTON CO GA ST DEV AUTH HOSP REV SER A</name>
        <lei>549300533NJL38F4K144</lei>
        <title>FULTON CNTY GA DEV AUTH HOSP FULMED 04/32 FIXED 5</title>
        <cusip>36005GAQ6</cusip>
        <identifiers>
          <isin value="US36005GAQ64"/>
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        <balance>95000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96425.260000</valUSD>
        <pctVal>0.4540404040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GEORGETOWN ISD-A-REF</name>
        <lei>N/A</lei>
        <title>GEORGETOWN TX INDEP SCH DIST GGTSCD 08/28 FIXED 5</title>
        <cusip>373046VT5</cusip>
        <identifiers>
          <isin value="US373046VT58"/>
        </identifiers>
        <balance>75000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>77073.370000</valUSD>
        <pctVal>0.3629176012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREAT LAKES WTR SWR DISP SEN LIEN SER C</name>
        <lei>N/A</lei>
        <title>GREAT LAKES MI WTR AUTH SEWAGE GRTWTR 07/30 FIXED 5</title>
        <cusip>39081HAL6</cusip>
        <identifiers>
          <isin value="US39081HAL69"/>
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        <balance>55000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>55100.240000</valUSD>
        <pctVal>0.2594520899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>GREAT LAKES MI WTR AU SECOND LIEN SER D</name>
        <lei>N/A</lei>
        <title>GREAT LAKES MI WTR AUTH WTR SP GRTWTR 07/30 FIXED 5</title>
        <cusip>39081JAZ1</cusip>
        <identifiers>
          <isin value="US39081JAZ12"/>
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        <balance>10000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10018.230000</valUSD>
        <pctVal>0.0471731287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>GREENEVILLE TN HLTH &amp; ED BALLAD SER A</name>
        <lei>N/A</lei>
        <title>GREENEVILLE TN HLTH   EDUCTNL GREMED 07/27 FIXED 5</title>
        <cusip>396649EK7</cusip>
        <identifiers>
          <isin value="US396649EK76"/>
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        <balance>65000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66314.740000</valUSD>
        <pctVal>0.3122581297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HARRIS CO CULTURAL ED</name>
        <lei>N/A</lei>
        <title>HARRIS CNTY TX CULTURAL EDU FA HAREDU 07/26 FIXED 4</title>
        <cusip>414009PA2</cusip>
        <identifiers>
          <isin value="US414009PA21"/>
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        <balance>150000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150142.590000</valUSD>
        <pctVal>0.7069807457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>HI ARPTS SYS REV SER A AMT</name>
        <lei>N/A</lei>
        <title>HAWAII ST ARPTS SYS REVENUE HISAPT 07/34 FIXED 5</title>
        <cusip>419794ZX3</cusip>
        <identifiers>
          <isin value="US419794ZX38"/>
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        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>51618.310000</valUSD>
        <pctVal>0.2430566257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>HENNEPIN CO-A</name>
        <lei>254900YDNULMQREFAU43</lei>
        <title>HENNEPIN CNTY MN HEN 12/28 FIXED 5</title>
        <cusip>425507GL8</cusip>
        <identifiers>
          <isin value="US425507GL89"/>
        </identifiers>
        <balance>680000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>705608.120000</valUSD>
        <pctVal>3.3225173141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>HENRICO CO ECO AUTH</name>
        <lei>N/A</lei>
        <title>HENRICO CNTY VA ECON DEV AUTH HENMFH 12/45 ADJUSTABLE VAR</title>
        <cusip>42605KAB2</cusip>
        <identifiers>
          <isin value="US42605KAB26"/>
        </identifiers>
        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>251194.630000</valUSD>
        <pctVal>1.1828074022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.2000000000</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>HOUSTON ARPT SYS REV AMT</name>
        <lei>N/A</lei>
        <title>HOUSTON TX ARPT SYS REVENUE HOUAPT 07/29 FIXED 5</title>
        <cusip>442349CE4</cusip>
        <identifiers>
          <isin value="US442349CE48"/>
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        <balance>165000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>171323.580000</valUSD>
        <pctVal>0.8067162845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>HOUSTON-B-REV-REF AMT</name>
        <lei>N/A</lei>
        <title>HOUSTON TX ARPT SYS REVENUE HOUAPT 07/29 FIXED 5.25</title>
        <cusip>442349KA3</cusip>
        <identifiers>
          <isin value="US442349KA34"/>
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        <balance>125000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>130052.540000</valUSD>
        <pctVal>0.6123821476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</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>IL FIN AUTH-C-UNREFD</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 02/33 FIXED 5</title>
        <cusip>45204FP41</cusip>
        <identifiers>
          <isin value="US45204FP416"/>
        </identifiers>
        <balance>65000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65754.900000</valUSD>
        <pctVal>0.3096219949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>IL FIN AUTH-C-UNREFD</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 02/34 FIXED 5</title>
        <cusip>45204FP58</cusip>
        <identifiers>
          <isin value="US45204FP580"/>
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        <balance>45000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>45475.980000</valUSD>
        <pctVal>0.2141340592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>ILLINOIS ST FIN AUTH UNIV CHICAGO SER B</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/52 ADJUSTABLE VAR</title>
        <cusip>45204FTD7</cusip>
        <identifiers>
          <isin value="US45204FTD77"/>
        </identifiers>
        <balance>170000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>173136.500000</valUSD>
        <pctVal>0.8152528332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS ST SER A</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>ILLINOIS ST ILS 05/29 FIXED 5</title>
        <cusip>452152X22</cusip>
        <identifiers>
          <isin value="US452152X225"/>
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        <balance>300000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>311796.330000</valUSD>
        <pctVal>1.4681643756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IL ST TOLL HWY AUTH SEN REV BONDS SER A</name>
        <lei>549300ISBFGI8MJJKM98</lei>
        <title>ILLINOIS ST TOLL HIGHWAY AUTH ILSTRN 01/31 FIXED 5</title>
        <cusip>452252NG0</cusip>
        <identifiers>
          <isin value="US452252NG05"/>
        </identifiers>
        <balance>350000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>369631.360000</valUSD>
        <pctVal>1.7404938501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IND ST DEV WST MGMT AMT PUT</name>
        <lei>N/A</lei>
        <title>INDIANA ST DEV FIN AUTH INSPOL 10/31 ADJUSTABLE VAR</title>
        <cusip>454906AC2</cusip>
        <identifiers>
          <isin value="US454906AC26"/>
        </identifiers>
        <balance>15000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15079.750000</valUSD>
        <pctVal>0.0710064539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.6000000000</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>IN FIN AUTH-D-1-REF</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH HLTH SYS R INSMED 10/64 ADJUSTABLE VAR</title>
        <cusip>45470YGD7</cusip>
        <identifiers>
          <isin value="US45470YGD76"/>
        </identifiers>
        <balance>270000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>285737.730000</valUSD>
        <pctVal>1.3454614939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KS ST DEV ADVENTIST HLTH SER B</name>
        <lei>549300WTL7BL8KBDPR87</lei>
        <title>KANSAS ST DEV FIN AUTH HOSP RE KSSMED 11/54 ADJUSTABLE VAR</title>
        <cusip>48542AFE6</cusip>
        <identifiers>
          <isin value="US48542AFE64"/>
        </identifiers>
        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>54580.510000</valUSD>
        <pctVal>0.2570048223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENT STDNT HSG-A</name>
        <lei>N/A</lei>
        <title>KENT CNTY DE STUDENT HSG   DIN KENHSG 07/30 FIXED 5</title>
        <cusip>490237AJ3</cusip>
        <identifiers>
          <isin value="US490237AJ31"/>
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        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50609.960000</valUSD>
        <pctVal>0.2383085789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>KY ST PUB ENERGY GAS SPLY REV SER C</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 02/50 ADJUSTABLE VAR</title>
        <cusip>74440DCM4</cusip>
        <identifiers>
          <isin value="US74440DCM48"/>
        </identifiers>
        <balance>25000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25293.980000</valUSD>
        <pctVal>0.1191024935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.0000000000</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>KY ST PUB ENERGY GAS SPLY REV SER A-1</name>
        <lei>549300XEJZWHYSY4SL55</lei>
        <title>KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 05/55 ADJUSTABLE VAR</title>
        <cusip>74440DEL4</cusip>
        <identifiers>
          <isin value="US74440DEL47"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104703.210000</valUSD>
        <pctVal>0.4930190260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEE COUNTY-A-2-AMT AMT</name>
        <lei>N/A</lei>
        <title>LEE CNTY FL ARPT REVENUE LEEAPT 10/56 ADJUSTABLE VAR</title>
        <cusip>523470JS2</cusip>
        <identifiers>
          <isin value="US523470JS27"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>107300.410000</valUSD>
        <pctVal>0.5052485366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</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>LINCOLN CO-REV</name>
        <lei>549300USXDZ5FGJLUV88</lei>
        <title>LINCOLN CNTY SD ECON DEV REVEN LINDEV 08/32 FIXED 5</title>
        <cusip>53340EAM9</cusip>
        <identifiers>
          <isin value="US53340EAM93"/>
        </identifiers>
        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52404.760000</valUSD>
        <pctVal>0.2467598055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOS ANGELES DEPT ARPT AMT</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>138278.650000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUISA VA INDL DEV-B</name>
        <lei>N/A</lei>
        <title>LOUISA VA INDL DEV AUTH POLL C LOUPOL 11/35 ADJUSTABLE VAR</title>
        <cusip>546068AZ0</cusip>
        <identifiers>
          <isin value="US546068AZ00"/>
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        <balance>370000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>368910.790000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LA LOC GOVT WESTLAKE CHEM CORP</name>
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        <curCd>USD</curCd>
        <valUSD>14669.850000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-01</maturityDt>
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      <invstOrSec>
        <name>LYNCHBURG VA ECON HOSP REV CENTRA SER A</name>
        <lei>N/A</lei>
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        <cusip>55123TAP7</cusip>
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          <isin value="US55123TAP75"/>
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        <balance>85000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>85886.460000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MAIN STREET NAT GAS INC REV SER A</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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        <cusip>56035DGT3</cusip>
        <identifiers>
          <isin value="US56035DGT37"/>
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        <balance>250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>268359.450000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-05-01</maturityDt>
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          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MAIN STREET NAT GAS INC REV SER A</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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        <cusip>56035DEN8</cusip>
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          <isin value="US56035DEN84"/>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>209712.840000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MD CMNTY DEV ADMIN-C</name>
        <lei>N/A</lei>
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        <cusip>57419TDH1</cusip>
        <identifiers>
          <isin value="US57419TDH14"/>
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        <balance>20000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18180.850000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.7000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MD EDC VAR CONSTELLATION ENERGY PRJ REMK</name>
        <lei>549300JJ16DDBSZWSN94</lei>
        <title>MARYLAND ST ECON DEV CORP MDSDEV 10/36 ADJUSTABLE VAR</title>
        <cusip>574205GR5</cusip>
        <identifiers>
          <isin value="US574205GR59"/>
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        <balance>15000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15327.270000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.1000000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MD ST HHEFA LIFEBRIDGE HEALTH</name>
        <lei>N/A</lei>
        <title>MARYLAND ST HLTH   HGR EDUCTNL MDSMED 07/29 FIXED 5</title>
        <cusip>5742183X9</cusip>
        <identifiers>
          <isin value="US5742183X91"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>102311.870000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>NASHVILLE ETC MET-B</name>
        <lei>N/A</lei>
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        <cusip>592041A49</cusip>
        <identifiers>
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        <balance>50000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53113.680000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MET WASHINGTON DC ARPT REV SR B</name>
        <lei>N/A</lei>
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        <cusip>592647DM0</cusip>
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        <balance>45000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45316.430000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>MIAMI DADE CO FL EXPRSWY SER A</name>
        <lei>549300NSQPQSO55VM780</lei>
        <title>MIAMI DADE CNTY FL EXPRESSWAY MIATRN 07/31 FIXED 5</title>
        <cusip>593338AV8</cusip>
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        <balance>35000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35049.570000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>MI ST FIN AUTH REV HENRY FORD HLTH SYS</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH REVENUE MISFIN 11/29 FIXED 5</title>
        <cusip>59447TME0</cusip>
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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>5.0000000000</annualizedRt>
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        <name>MI ST FIN AUTH REV HENRY FORD HLTH SYS</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH REVENUE MISFIN 11/31 FIXED 5</title>
        <cusip>59447TMG5</cusip>
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        <balance>150000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151202.780000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>MINNESOTA ST-A-GRP-1</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST MNS 08/31 FIXED 5</title>
        <cusip>60412AV59</cusip>
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        <balance>25000.000000</balance>
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        <valUSD>27827.130000</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>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>NE INVESTMENT FIN-F AMT</name>
        <lei>549300OIIXIM3SRZWK33</lei>
        <title>NEBRASKA ST INVESTMENT FIN AUT NESSFH 09/29 FIXED 3.35</title>
        <cusip>63968XHQ1</cusip>
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        <balance>50000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50033.930000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.3500000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>NJ ST ED FACS MONTCLAIR ST UNIV SER B</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>NEW JERSEY ST EDUCTNL FACS AUT NJSEDU 07/27 FIXED 5</title>
        <cusip>646066SD3</cusip>
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        <balance>10000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10017.340000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NJ HSG &amp; MTGE FIN-D2</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <cusip>646127FW5</cusip>
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          <isin value="US646127FW54"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEW PORT CORNERS CDD 144A</name>
        <lei>N/A</lei>
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        <cusip>648122AA7</cusip>
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          <isin value="US648122AA72"/>
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        <valUSD>99946.900000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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          <annualizedRt>4.0000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NYC HSG DEV CORP SUST DEV SER A-2</name>
        <lei>549300SQWVHKBRF8D702</lei>
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        <cusip>64972E4L0</cusip>
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          <isin value="US64972E4L07"/>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2063-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NY TRANS FIN AUTH-D-1</name>
        <lei>N/A</lei>
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        <cusip>64972JYX0</cusip>
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          <isin value="US64972JYX08"/>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221208.900000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DASNY-B-UNREFD</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH SALES TA NYSHGR 03/28 FIXED 5</title>
        <cusip>64990AUN3</cusip>
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          <isin value="US64990AUN35"/>
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        <balance>35000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35239.920000</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>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NY ST HSG FIN-F-2</name>
        <lei>5493000LS7KCDB02O506</lei>
        <title>NEW YORK ST HSG FIN AGY AFFORD NYSHSG 05/56 ADJUSTABLE VAR</title>
        <cusip>64987J8A2</cusip>
        <identifiers>
          <isin value="US64987J8A29"/>
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        <balance>500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499680.150000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.2500000000</annualizedRt>
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      <invstOrSec>
        <name>NY ST MTGE AGY-273</name>
        <lei>N/A</lei>
        <title>NEW YORK ST MTGE AGY HOMEOWNER NYSHSG 04/32 FIXED 3.25</title>
        <cusip>64988YQ83</cusip>
        <identifiers>
          <isin value="US64988YQ831"/>
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        <balance>340000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>337641.320000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.2500000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>NEW YORK ST MTGE AGY</name>
        <lei>549300ZQWNLLIG564027</lei>
        <title>NEW YORK ST MTGE AGY REVENUE NYSHSG 10/30 FIXED 3.4</title>
        <cusip>64988RGM8</cusip>
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          <isin value="US64988RGM88"/>
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        <balance>400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>399412.960000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.4000000000</annualizedRt>
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      <invstOrSec>
        <name>NY ST TRANS DEV CORP AMT</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 12/29 FIXED 5</title>
        <cusip>650116FD3</cusip>
        <identifiers>
          <isin value="US650116FD37"/>
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        <balance>25000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26345.860000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>NY ST TRANS DEV FAC TERM FOUR AMT SR A</name>
        <lei>N/A</lei>
        <title>NEW YORK ST TRANSPRTN DEV CORP NYTTRN 12/29 FIXED 5</title>
        <cusip>650116DJ2</cusip>
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          <isin value="US650116DJ25"/>
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        <balance>400000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>421533.680000</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>
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        <name>NEWPORT NEWS DEV-REF</name>
        <lei>549300WZQTRG07G0UZ88</lei>
        <title>NEWPORT NEWS VA ECON DEV AUTH NEWDEV 12/26 FIXED OID 3.125</title>
        <cusip>65225PAK2</cusip>
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        <valUSD>39964.440000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.1250000000</annualizedRt>
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        <name>NORTH CAROLINA ST TURNPIKE AUTH SR LIEN</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>NORTH CAROLINA ST TURNPIKE AUT NCSTRN 01/27 FIXED 5</title>
        <cusip>65830RBV0</cusip>
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        <curCd>USD</curCd>
        <valUSD>101083.570000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NORTH CAROLINA ST TUR</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>NORTH CAROLINA ST TURNPIKE AUT NCSTRN 01/32 FIXED 5</title>
        <cusip>65830RCA5</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>OK PUB PROPERTY AUTH</name>
        <lei>N/A</lei>
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        <cusip>678604AB5</cusip>
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        <balance>25000.000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>OR HSG CMNTY SVS-Q</name>
        <lei>549300N3PYWYJ0Z8N757</lei>
        <title>OREGON ST HSG   CMNTY SVCS DEP OREHSG 07/44 ADJUSTABLE VAR</title>
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          <isin value="US68608ACA60"/>
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        <balance>100000.000000</balance>
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        <valUSD>100189.810000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>3.1250000000</annualizedRt>
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        <name>PA ECO DEV FIN-REMK AMT</name>
        <lei>N/A</lei>
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        <cusip>708692BF4</cusip>
        <identifiers>
          <isin value="US708692BF45"/>
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        <balance>175000.000000</balance>
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        <valUSD>176761.240000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.2500000000</annualizedRt>
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        <name>PA HSG FIN AGY</name>
        <lei>549300JZVUPNWP77SP29</lei>
        <title>PENNSYLVANIA ST HSG FIN AGY MF PASMFH 01/46 ADJUSTABLE VAR</title>
        <cusip>708797BM6</cusip>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200455.120000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PENNSYLVANIA-1ST-REF</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILADELPHIA SD-B-REF</name>
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        <cusip>717883G71</cusip>
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          <isin value="US717883G718"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHX AZ STDNT HSG REV AZ ST UNIV PRJ SR A</name>
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        <cusip>71885DCX8</cusip>
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          <isin value="US71885DCX84"/>
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        <balance>20000.000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PORT AUTH OF NEW YORK AMT</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>PORT AUTH OF NEW YORK   NEW JE PORTRN 09/31 FIXED 5</title>
        <cusip>73358WS47</cusip>
        <identifiers>
          <isin value="US73358WS471"/>
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        <balance>150000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>154817.840000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PORT AUTH OF NEW YORK AMT</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>PORT AUTH OF NEW YORK   NEW JE PORTRN 09/33 FIXED 5</title>
        <cusip>73358WS62</cusip>
        <identifiers>
          <isin value="US73358WS620"/>
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        <balance>200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>205796.460000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-15</maturityDt>
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          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PORT AUTH OF NEW YORK AMT</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>PORT AUTH OF NEW YORK   NEW JE PORTRN 09/33 FIXED 5</title>
        <cusip>73358W3C6</cusip>
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          <isin value="US73358W3C69"/>
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        <curCd>USD</curCd>
        <valUSD>278940.270000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PORT OF PORTLAND OR ARPT REV AMT SER 24B</name>
        <lei>N/A</lei>
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        <cusip>735240L84</cusip>
        <identifiers>
          <isin value="US735240L842"/>
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        <balance>500000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505606.350000</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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PORT OF SEATTLE-AMT-A AMT</name>
        <lei>549300T9UCDUJ3GZL429</lei>
        <title>PORT OF SEATTLE WA REVENUE PTSGEN 05/35 FIXED 5</title>
        <cusip>735389D62</cusip>
        <identifiers>
          <isin value="US735389D620"/>
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        <balance>390000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>395264.880000</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>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PUB FIN AUTH -A 144A</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI EDU REVENUE PUBEDU 07/33 FIXED OID 4</title>
        <cusip>74442ENV8</cusip>
        <identifiers>
          <isin value="US74442ENV82"/>
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        <balance>100000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99561.870000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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        <name>PUB FIN AUTH-1</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI MUNI CTFS PUBGEN 06/63 ADJUST OID VAR</title>
        <cusip>74449EAA1</cusip>
        <identifiers>
          <isin value="US74449EAA10"/>
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        <balance>50000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49951.380000</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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        <name>PUBLIC FIN AUTH-A</name>
        <lei>5493004S6D3NA627K012</lei>
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        <cusip>74439YGK1</cusip>
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          <isin value="US74439YGK10"/>
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        <balance>150000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162970.400000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PR COMWLTH PUBLIC IMPT SER A1</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>PUERTO RICO CMWLTH PRC 07/29 FIXED 5.625</title>
        <cusip>74514L3H8</cusip>
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          <isin value="US74514L3H80"/>
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        <balance>43000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45186.680000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.6250000000</annualizedRt>
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        <name>PR COMWLTH PUBLIC IMPT SER A1</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>PUERTO RICO CMWLTH PRC 07/31 FIXED 5.75</title>
        <cusip>74514L3J4</cusip>
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          <isin value="US74514L3J47"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.7500000000</annualizedRt>
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      <invstOrSec>
        <name>PR COMWLTH PUBLIC IMPT SER A1</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>PUERTO RICO CMWLTH PRC 07/33 FIXED 4</title>
        <cusip>74514L3K1</cusip>
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        <balance>95000.000000</balance>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PR COMWLTH PUBLIC IMPT CABS SER A</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>PUERTO RICO CMWLTH PRC 07/33 ZEROCPNOID 0</title>
        <cusip>74514L3R6</cusip>
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        <valUSD>166153.180000</valUSD>
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        <assetCat>DBT</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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      <invstOrSec>
        <name>PR SALES TAX FING SALES TAX REV SER A1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING COR PRCGEN 07/29 ZEROCPNOID 0</title>
        <cusip>74529JQD0</cusip>
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        <balance>43000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38973.190000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PR SALES TAX FING SALES TAX REV SER A1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING COR PRCGEN 07/31 ZEROCPNOID 0</title>
        <cusip>74529JQE8</cusip>
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          <isin value="US74529JQE81"/>
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        <balance>300000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252128.730000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PR SALES TAX FING SALES TAX REV SER A1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING COR PRCGEN 07/33 ZEROCPNOID 0</title>
        <cusip>74529JQF5</cusip>
        <identifiers>
          <isin value="US74529JQF56"/>
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        <balance>261000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202836.120000</valUSD>
        <pctVal>0.9551002908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</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>S E ALABAMA ST GAS SP</name>
        <lei>549300BL04JIB2GJZ178</lei>
        <title>S E ALABAMA ST GAS SPLY DIST G SOUUTL 08/54 ADJUSTABLE VAR</title>
        <cusip>84131TBA9</cusip>
        <identifiers>
          <isin value="US84131TBA97"/>
        </identifiers>
        <balance>265000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>280627.710000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ST CLOUD-REF-REV</name>
        <lei>549300IOO80ICGIWAU74</lei>
        <title>SAINT CLOUD MN HLTH CARE REVEN SUDMED 05/30 FIXED 5</title>
        <cusip>78916VFA3</cusip>
        <identifiers>
          <isin value="US78916VFA35"/>
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        <balance>65000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>70189.020000</valUSD>
        <pctVal>0.3305010637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ST JOHN THE BAPTIST OIL MARATHON SUB B-2 PUT</name>
        <lei>N/A</lei>
        <title>SAINT JOHN THE BAPTIST PARISH SJBCTF 06/37 ADJUSTABLE VAR</title>
        <cusip>79020FBA3</cusip>
        <identifiers>
          <isin value="US79020FBA30"/>
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        <balance>125000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124906.000000</valUSD>
        <pctVal>0.5881484862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.3750000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ST JOHN THE BAPTIST OIL MARATHON SER A-3 PUTBOND</name>
        <lei>N/A</lei>
        <title>SAINT JOHN THE BAPTIST PARISH SJBCTF 06/37 ADJUSTABLE VAR</title>
        <cusip>79020FAY2</cusip>
        <identifiers>
          <isin value="US79020FAY25"/>
        </identifiers>
        <balance>150000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>149865.680000</valUSD>
        <pctVal>0.7056768516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.2000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SALT LAKE CITY UT ARPT REV AMT SER A</name>
        <lei>N/A</lei>
        <title>SALT LAKE CITY UT ARPT REVENUE SALAPT 07/31 FIXED 5</title>
        <cusip>795576HB6</cusip>
        <identifiers>
          <isin value="US795576HB66"/>
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        <balance>140000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>145054.850000</valUSD>
        <pctVal>0.6830239576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SC PUB SVC-A-PREREFD</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>SOUTH CAROLINA ST PUBLIC SVC A 12/26 5</title>
        <cusip>83715BCG0</cusip>
        <identifiers>
          <isin value="US83715BCG05"/>
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        <balance>15000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15000.000000</valUSD>
        <pctVal>0.0706309328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SC PUB SVC-A-PREREFD</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>SOUTH CAROLINA ST PUBLIC SVC A 12/33 5</title>
        <cusip>83715BCM7</cusip>
        <identifiers>
          <isin value="US83715BCM72"/>
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        <balance>20000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>20000.000000</valUSD>
        <pctVal>0.0941745771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>SC PUB SVC-A-UNREFUND</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/26 FIXED 5</title>
        <cusip>83715BCV7</cusip>
        <identifiers>
          <isin value="US83715BCV71"/>
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        <balance>35000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35037.350000</valUSD>
        <pctVal>0.1649813809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>SC PUB SVC-A-UNREFUND</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>SOUTH CAROLINA ST PUBLIC SVC A SCSUTL 12/33 FIXED 5</title>
        <cusip>83715BDA2</cusip>
        <identifiers>
          <isin value="US83715BDA26"/>
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        <balance>35000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35032.210000</valUSD>
        <pctVal>0.1649571780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>SE ENERGY AUTH-B</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>SOUTHEAST ENERGY AUTH AL COOPE SEEPWR 01/54 ADJUSTABLE VAR</title>
        <cusip>84136GAK1</cusip>
        <identifiers>
          <isin value="US84136GAK13"/>
        </identifiers>
        <balance>75000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>79442.240000</valUSD>
        <pctVal>0.3740719677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</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>SOUTHOLD LOC DEV</name>
        <lei>N/A</lei>
        <title>SOUTHOLD NY LOCAL DEV CORP REV STHDEV 12/30 FIXED OID 3.5</title>
        <cusip>844584AK8</cusip>
        <identifiers>
          <isin value="US844584AK84"/>
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        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49583.250000</valUSD>
        <pctVal>0.2334740799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.5000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTHERN CA PUB PWR-A</name>
        <lei>5493003B5TD5FWUKMD34</lei>
        <title>STHRN CA PUBLIC PWR AUTH REVEN STNPWR 11/32 FIXED 5</title>
        <cusip>84247PPE5</cusip>
        <identifiers>
          <isin value="US84247PPE50"/>
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        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53211.940000</valUSD>
        <pctVal>0.2505605972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMMIT CO DEV FIN-A</name>
        <lei>N/A</lei>
        <title>SUMMIT CNTY OH DEV FIN AUTH ST SUMHSG 07/31 FIXED 5</title>
        <cusip>86607LAB5</cusip>
        <identifiers>
          <isin value="US86607LAB53"/>
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        <balance>145000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>155795.690000</valUSD>
        <pctVal>0.7335996608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TARRANT CULTURAL-C-1</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>TARRANT CNTY TX CULTURAL EDU F TAREDU 11/51 ADJUSTABLE VAR</title>
        <cusip>87638TJW4</cusip>
        <identifiers>
          <isin value="US87638TJW45"/>
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        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>274536.150000</valUSD>
        <pctVal>1.2927162909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</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>TN ENERGY AQUIST CORP COM REV SER A</name>
        <lei>549300OJ2Z8PGEY46K92</lei>
        <title>TENNESSEE ENERGY ACQUISITION C TNSUTL 05/52 ADJUSTABLE VAR</title>
        <cusip>88044TAL3</cusip>
        <identifiers>
          <isin value="US88044TAL35"/>
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        <balance>250000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>265091.800000</valUSD>
        <pctVal>1.2482454076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TEXAS ST PRIV ACTIVIT</name>
        <lei>N/A</lei>
        <title>TEXAS ST PRIV ACTIVITY BOND SU TXSTRN 12/31 FIXED 4</title>
        <cusip>882667BC1</cusip>
        <identifiers>
          <isin value="US882667BC18"/>
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        <balance>65000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>66290.850000</valUSD>
        <pctVal>0.3121456381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>TOB SETTLE FING CORP NJ SER A</name>
        <lei>N/A</lei>
        <title>TOBACCO SETTLEMENT FING CORP N TOBGEN 06/28 FIXED 5</title>
        <cusip>888808HD7</cusip>
        <identifiers>
          <isin value="US888808HD75"/>
        </identifiers>
        <balance>25000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>26032.250000</valUSD>
        <pctVal>0.1225788067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>UNIV KS HOSP AUTH-B</name>
        <lei>N/A</lei>
        <title>UNIV OF KANSAS KS HOSP AUTH HL UNIMED 03/55 ADJUSTABLE VAR</title>
        <cusip>914367KD8</cusip>
        <identifiers>
          <isin value="US914367KD85"/>
        </identifiers>
        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53275.100000</valUSD>
        <pctVal>0.2508580006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</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>UNIV OF NC CHAPEL-A</name>
        <lei>N/A</lei>
        <title>UNIV OF NORTH CAROLINA NC AT C UNCHGR 12/27 FIXED 5</title>
        <cusip>914713U91</cusip>
        <identifiers>
          <isin value="US914713U917"/>
        </identifiers>
        <balance>500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>517905.500000</valUSD>
        <pctVal>2.4386765714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>VA ST HSG DEV AUTH SER E</name>
        <lei>549300LW3QBOVLQBP895</lei>
        <title>VIRGINIA ST HSG DEV AUTH VASHSG 10/29 FIXED 3</title>
        <cusip>92812WRW6</cusip>
        <identifiers>
          <isin value="US92812WRW63"/>
        </identifiers>
        <balance>185000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>185006.900000</valUSD>
        <pctVal>0.8711473282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.0000000000</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>VA SMALL BFA NATIONAL SNR CAMPUSES</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FIN VASDEV 01/34 FIXED 5</title>
        <cusip>928104MU9</cusip>
        <identifiers>
          <isin value="US928104MU98"/>
        </identifiers>
        <balance>35000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>36627.230000</valUSD>
        <pctVal>0.1724676947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>VA ST SMALL BUS AUTH ELIZABETH RVR AMT</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FIN VASDEV 07/32 FIXED 4</title>
        <cusip>928104NM6</cusip>
        <identifiers>
          <isin value="US928104NM63"/>
        </identifiers>
        <balance>75000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>75892.910000</valUSD>
        <pctVal>0.3573591351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>VA BUS REV SNR LIEN 95 EXPRESS PROJ AMT</name>
        <lei>N/A</lei>
        <title>VIRGINIA ST SMALL BUSINESS FIN VASDEV 07/32 FIXED 5</title>
        <cusip>928104PB8</cusip>
        <identifiers>
          <isin value="US928104PB80"/>
        </identifiers>
        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53664.660000</valUSD>
        <pctVal>0.2526923330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>WV ST HOSP FIN AUTH UNIV HLTH SYS SR A</name>
        <lei>N/A</lei>
        <title>WEST VIRGINIA ST HOSP FIN AUTH WVSMED 06/28 FIXED 5</title>
        <cusip>956622L93</cusip>
        <identifiers>
          <isin value="US956622L934"/>
        </identifiers>
        <balance>30000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30030.850000</valUSD>
        <pctVal>0.1414071299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>WEST VIRGINIA ST HOSP SER B</name>
        <lei>N/A</lei>
        <title>WEST VIRGINIA ST HOSP FIN AUTH WVSMED 06/55 ADJUSTABLE VAR</title>
        <cusip>956622Z23</cusip>
        <identifiers>
          <isin value="US956622Z231"/>
        </identifiers>
        <balance>205000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>222586.250000</valUSD>
        <pctVal>1.0480982978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</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>WHITING IN ENVR BP PROD N AMER INC A AMT PUT</name>
        <lei>N/A</lei>
        <title>WHITING IN ENVRNMNTL FACS REVE WHGFAC 12/44 ADJUSTABLE VAR</title>
        <cusip>96634RAU6</cusip>
        <identifiers>
          <isin value="US96634RAU68"/>
        </identifiers>
        <balance>260000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>260054.260000</valUSD>
        <pctVal>1.2245249976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.0000000000</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>WI HLTH EDUCTNL FACS</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HLTH   EDUCTNL FA WISMED 06/32 FIXED 5</title>
        <cusip>97712JRU9</cusip>
        <identifiers>
          <isin value="US97712JRU96"/>
        </identifiers>
        <balance>50000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>53211.230000</valUSD>
        <pctVal>0.2505572540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>WI ST H&amp;E ASCENSION HLTH CRED GRP SER A</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HLTH   EDUCTNL FA WISMED 11/28 FIXED 5</title>
        <cusip>97712DQH2</cusip>
        <identifiers>
          <isin value="US97712DQH25"/>
        </identifiers>
        <balance>90000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>90310.700000</valUSD>
        <pctVal>0.4252485989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>WISCONSIN ST-A-REF</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HLTH   EDUCTNL FA WISMED 11/31 FIXED 5</title>
        <cusip>97712DQL3</cusip>
        <identifiers>
          <isin value="US97712DQL37"/>
        </identifiers>
        <balance>100000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>100346.060000</valUSD>
        <pctVal>0.4725023881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</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>WISCONSIN ST-A-REF</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>WISCONSIN ST HLTH   EDUCTNL FA WISMED 11/32 FIXED 4</title>
        <cusip>97712DQM1</cusip>
        <identifiers>
          <isin value="US97712DQM10"/>
        </identifiers>
        <balance>15000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15025.710000</valUSD>
        <pctVal>0.0707519942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</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>WISE CO VA IDA ELEC &amp; PWR CO PROJ SER A</name>
        <lei>N/A</lei>
        <title>WISE CNTY VA INDL DEV AUTH SOL WISUTL 11/40 ADJUSTABLE VAR</title>
        <cusip>977228AF2</cusip>
        <identifiers>
          <isin value="US977228AF24"/>
        </identifiers>
        <balance>95000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>95722.090000</valUSD>
        <pctVal>0.4507293671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.8000000000</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>YORK CO ECO DEV AUTH PCR SER A</name>
        <lei>N/A</lei>
        <title>YORK CNTY VA ECON DEV AUTH POL YORPCR 05/33 ADJUSTABLE VAR</title>
        <cusip>98659AAC9</cusip>
        <identifiers>
          <isin value="US98659AAC99"/>
        </identifiers>
        <balance>25000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>25198.760000</valUSD>
        <pctVal>0.1186541283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.6500000000</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="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-02</ncom:dateSigned>
      <ncom:nameOfApplicant>T. Rowe Price Exchange-Traded Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
