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      <invstOrSec>
        <name>State of Colorado</name>
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      <invstOrSec>
        <name>State of Connecticut</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Conroe Independent School District</name>
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          <isin value="US2084185F67"/>
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          <maturityDt>2040-02-15</maturityDt>
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      <invstOrSec>
        <name>Conroe Independent School District</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
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          <isin value="US232769NG07"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Dallas Independent School District</name>
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          <isin value="US235308W419"/>
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        <curCd>USD</curCd>
        <valUSD>565537.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Danville Multi-School Building Corp</name>
        <lei>N/A</lei>
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          <isin value="US236572JN44"/>
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        <curCd>USD</curCd>
        <valUSD>369150.74000000</valUSD>
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          <maturityDt>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Dare NC</name>
        <lei>N/A</lei>
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          <isin value="US23720EFV74"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Dare NC</name>
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          <isin value="US23720EFW57"/>
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        <balance>205000.00000000</balance>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Del Mar College District</name>
        <lei>N/A</lei>
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        <name>City of Denton TX</name>
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          <isin value="US248867GY35"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>East Montgomery County Improvement District Sales Tax Revenue</name>
        <lei>N/A</lei>
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        <name>El Paso County School District No 49 Falcon</name>
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        <name>El Paso County School District No 49 Falcon</name>
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      <invstOrSec>
        <name>Energy Northwest</name>
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      <invstOrSec>
        <name>City of Everett WA</name>
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      <invstOrSec>
        <name>City of Garland TX Electric Utility System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US366133UN46"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-03-01</maturityDt>
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      <invstOrSec>
        <name>City of Grand Junction CO</name>
        <lei>N/A</lei>
        <title>GRAND JUNCTION CO REVENUE</title>
        <cusip>385789CQ3</cusip>
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          <isin value="US385789CQ34"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112178.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grand Rapids Public Schools</name>
        <lei>N/A</lei>
        <title>GRAND RAPIDS MI PUBLIC SCHS</title>
        <cusip>386280SV4</cusip>
        <identifiers>
          <isin value="US386280SV49"/>
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        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>383669.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Grant County Public Utility District No 2 Electric Revenue</name>
        <lei>N/A</lei>
        <title>GRANT CNTY WA PUBLIC UTILITY DIST #2 ELEC REVENUE</title>
        <cusip>387874YA2</cusip>
        <identifiers>
          <isin value="US387874YA20"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>463088.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Greater Texas Cultural Education Facilities Finance Corp</name>
        <lei>N/A</lei>
        <title>GREATER TEXAS CULTURAL EDU FACS FIN CORP LEASE REVENUE</title>
        <cusip>39237RAQ6</cusip>
        <identifiers>
          <isin value="US39237RAQ65"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201762.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Hamblen TN</name>
        <lei>N/A</lei>
        <title>HAMBLEN CNTY TN</title>
        <cusip>406540WP5</cusip>
        <identifiers>
          <isin value="US406540WP50"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>533986.85000000</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>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Haverford Township School District</name>
        <lei>N/A</lei>
        <title>HAVERFORD TWP PA SCH DIST</title>
        <cusip>419434TT2</cusip>
        <identifiers>
          <isin value="US419434TT20"/>
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        <balance>390000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>432329.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
        <lei>N/A</lei>
        <title>HOUSTON TX ARPT SYS REVENUE</title>
        <cusip>442349DC7</cusip>
        <identifiers>
          <isin value="US442349DC72"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>156342.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE</title>
        <cusip>45204FC45</cusip>
        <identifiers>
          <isin value="US45204FC455"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>288592.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>ILLINOIS ST FIN AUTH REVENUE</title>
        <cusip>45204FWC5</cusip>
        <identifiers>
          <isin value="US45204FWC57"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>336546.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IPS Multi-School Building Corp</name>
        <lei>549300BHLK1DUJUYPM91</lei>
        <title>IPS MULTI-SCH BLDG CORP IN</title>
        <cusip>46263RVY8</cusip>
        <identifiers>
          <isin value="US46263RVY88"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>323599.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Knoxville TN Electric System Revenue</name>
        <lei>N/A</lei>
        <title>KNOXVILLE TN ELEC REVENUE</title>
        <cusip>4997463X1</cusip>
        <identifiers>
          <isin value="US4997463X10"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>114432.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>La Vernia Independent School District/TX</name>
        <lei>N/A</lei>
        <title>LA VERNIA TX INDEP SCH DIST</title>
        <cusip>505246YV4</cusip>
        <identifiers>
          <isin value="US505246YV49"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164630.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lake County School District No 112 North Shore</name>
        <lei>N/A</lei>
        <title>LAKE CNTY IL SCH DIST #112 N SHORE</title>
        <cusip>509076CK9</cusip>
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          <isin value="US509076CK94"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lake County School District No 112 North Shore</name>
        <lei>N/A</lei>
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          <isin value="US509076DB86"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Laredo TX</name>
        <lei>N/A</lei>
        <title>LAREDO TX</title>
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          <isin value="US516824KX65"/>
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        <balance>175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168144.69000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
        <lei>549300QJFPW2NNBYR215</lei>
        <title>LOWER COLORADO RIVER TX AUTH REVENUE</title>
        <cusip>54811GN30</cusip>
        <identifiers>
          <isin value="US54811GN302"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>162980.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maricopa County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE</title>
        <cusip>56678PBB2</cusip>
        <identifiers>
          <isin value="US56678PBB22"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117008.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>MARYLAND ST</title>
        <cusip>574193WR5</cusip>
        <identifiers>
          <isin value="US574193WR53"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255085.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Monroe County Community 1996 School Building Corp</name>
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        <name>Michigan Finance Authority</name>
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        <name>Minnetonka Independent School District No 276</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Empire State Development Corp</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Ohio Water Development Authority Water Pollution Control Loan Fund</name>
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        <name>Oklahoma City Water Utilities Trust</name>
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        <name>Oklahoma Water Resources Board</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Oregon Health &amp; Science University</name>
        <lei>549300XTWOAGON8L2G98</lei>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Paris Independent School District/TX</name>
        <lei>N/A</lei>
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        <cusip>700008SW6</cusip>
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          <isin value="US700008SW66"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Park Creek Metropolitan District</name>
        <lei>N/A</lei>
        <title>PARK CREEK MET DIST CO LIMITED PROPERTY TAX SUPPORTED REVENU</title>
        <cusip>700385BX4</cusip>
        <identifiers>
          <isin value="US700385BX42"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326681.75000000</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>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
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        <cusip>70914P2F8</cusip>
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          <isin value="US70914P2F80"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>126733.82000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
        <lei>549300J8LLBYEYEXZJ24</lei>
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        <cusip>709221SA4</cusip>
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          <isin value="US709221SA49"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225219.96000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Pflugerville TX</name>
        <lei>N/A</lei>
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          <isin value="US717087Z377"/>
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        <balance>110000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Plano Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US727199C823"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196772.09000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US73358XQS44"/>
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        <balance>85000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95639.74000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Porter Township High School Building Corp</name>
        <lei>N/A</lei>
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        <cusip>736323GX8</cusip>
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          <isin value="US736323GX87"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>243091.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Town of Prosper TX</name>
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        <balance>180000.00000000</balance>
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        <valUSD>208645.51000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Prosper Independent School District</name>
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        <name>Prosper Independent School District</name>
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      <invstOrSec>
        <name>City of Riviera Beach FL</name>
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        <name>Rockwall Independent School District</name>
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        <name>St Cloud Independent School District No 742/MN</name>
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        <name>City of San Antonio TX Electric &amp; Gas Systems Revenue</name>
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        <invCountry>US</invCountry>
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        <name>San Antonio Water System</name>
        <lei>549300S7VENCVRZAA322</lei>
        <title>SAN ANTONIO TX WTR REVENUE</title>
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        <balance>135000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-15</maturityDt>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Somerset Area School District</name>
        <lei>N/A</lei>
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          <isin value="US834889SB47"/>
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        <curCd>USD</curCd>
        <valUSD>237543.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Somerset Area School District</name>
        <lei>N/A</lei>
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          <isin value="US834889SC20"/>
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        <curCd>USD</curCd>
        <valUSD>363902.92000000</valUSD>
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          <maturityDt>2043-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southeastern Pennsylvania Transportation Authority</name>
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        <curCd>USD</curCd>
        <valUSD>275667.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Speedway Multi-School Building Corp</name>
        <lei>N/A</lei>
        <title>SPEEDWAY IN MULTI-SCH BLDG CORP</title>
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          <isin value="US847731AF37"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>104707.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of Temple TX</name>
        <lei>N/A</lei>
        <title>TEMPLE TX</title>
        <cusip>880065AF4</cusip>
        <identifiers>
          <isin value="US880065AF42"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133142.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
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        <cusip>88283KBY3</cusip>
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          <isin value="US88283KBY38"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>191688.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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>Texas Water Development Board</name>
        <lei>N/A</lei>
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        <cusip>88285AFE3</cusip>
        <identifiers>
          <isin value="US88285AFE38"/>
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        <curCd>USD</curCd>
        <valUSD>123456.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>University of Arkansas</name>
        <lei>549300FFADBQ3NEI2D96</lei>
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          <isin value="US914073MG36"/>
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        <valUSD>256160.71000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Houston</name>
        <lei>N/A</lei>
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        <cusip>914302KA1</cusip>
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          <isin value="US914302KA11"/>
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        <curCd>USD</curCd>
        <valUSD>240002.62000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Maine System</name>
        <lei>254900T8BJAYXUKEVV62</lei>
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        <curCd>USD</curCd>
        <valUSD>210518.38000000</valUSD>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>Board of Regents of the University of Texas System</name>
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      <invstOrSec>
        <name>Virginia Port Authority</name>
        <lei>N/A</lei>
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          <isin value="US928077KN50"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Warren Consolidated Schools</name>
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        <name>Washington Metropolitan Area Transit Authority Dedicated Revenue</name>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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      <invstOrSec>
        <name>State of Washington</name>
        <lei>549300X3TODFMUKLQ364</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Waukee Community School District</name>
        <lei>N/A</lei>
        <title>WAUKEE IA CMNTY SCH DIST</title>
        <cusip>942833C85</cusip>
        <identifiers>
          <isin value="US942833C859"/>
        </identifiers>
        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>127057.09000000</valUSD>
        <pctVal>0.460226361511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wayne County Airport Authority</name>
        <lei>N/A</lei>
        <title>WAYNE CNTY MI ARPT AUTH REVENUE</title>
        <cusip>944514W53</cusip>
        <identifiers>
          <isin value="US944514W539"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>224917.66000000</valUSD>
        <pctVal>0.814697049187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of West Virginia</name>
        <lei>N/A</lei>
        <title>WEST VIRGINIA ST</title>
        <cusip>956553N72</cusip>
        <identifiers>
          <isin value="US956553N721"/>
        </identifiers>
        <balance>145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>158929.43000000</valUSD>
        <pctVal>0.575674394132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-23</ncom:dateSigned>
      <ncom:nameOfApplicant>E Trade Trust</ncom:nameOfApplicant>
      <ncom:signature>Francis Smith</ncom:signature>
      <ncom:signerName>Francis Smith</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
