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          <isin value="US74446EAC03"/>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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          <maturityDt>2045-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <isin value="US20775DVQ23"/>
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          <maturityDt>2048-07-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Mississippi Home Corp.</name>
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          <isin value="US60535QRN24"/>
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        <name>Blythe Township Solid Waste Authority</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Michigan Strategic Fund</name>
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        <name>Public Finance Authority</name>
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        <name>Kentucky Higher Education Student Loan Corp.</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>California County Tobacco Securitization Agency</name>
        <lei>N/A</lei>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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      <invstOrSec>
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          <isin value="US72177MUC99"/>
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        <name>St Louis County Industrial Development Authority</name>
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          <maturityDt>2045-12-01</maturityDt>
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        <name>Pulaski County Public Facilities Board</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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          <isin value="US13048TG233"/>
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        <curCd>USD</curCd>
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          <maturityDt>2046-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency</name>
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          <isin value="US13016NET72"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BMJ07"/>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York Transportation Development Corp.</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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          <maturityDt>2045-06-01</maturityDt>
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        <name>Idaho Health Facilities Authority</name>
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          <maturityDt>2038-03-01</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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        <name>Red River Health Facilities Development Corp.</name>
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        <name>Public Finance Authority</name>
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          <maturityDt>2047-07-01</maturityDt>
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        <name>Spartanburg Regional Health Services District</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>City of Chicago IL</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Indiana Finance Authority</name>
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        <name>Denver Convention Center Hotel Authority</name>
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        <name>Chicago Board of Education Dedicated Capital Improvement Tax</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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      <invstOrSec>
        <name>Northeast Ohio Medical University</name>
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        <name>California Statewide Communities Development Authority</name>
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      <invstOrSec>
        <name>Austin Convention Enterprises, Inc.</name>
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          <isin value="US052409EA36"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Mississippi Development Bank</name>
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          <isin value="US60534XKC91"/>
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        <balance>2165000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US04108VBU70"/>
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        <balance>180000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Toll Road Investors Partnership II LP</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
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      <invstOrSec>
        <name>Maryland Economic Development Corp.</name>
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          <isin value="US57422KBL89"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Creekside Community Development District</name>
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          <isin value="US225508AA81"/>
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        <balance>1400000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-05-01</maturityDt>
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          <annualizedRt>5.20000000</annualizedRt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BCR33"/>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Midtown Miami Community Development District</name>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <cusip>57584XJ36</cusip>
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        <balance>985000.00000000</balance>
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        <name>California School Finance Authority</name>
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        <balance>545000.00000000</balance>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>California School Finance Authority</name>
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      <invstOrSec>
        <name>Collier County Industrial Development Authority</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542YAN67"/>
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          <maturityDt>2058-07-01</maturityDt>
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        <name>Utah Charter School Finance Authority</name>
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          <maturityDt>2056-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Woodbury MN</name>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Syracuse Industrial Development Agency</name>
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          <maturityDt>2029-01-01</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Montana Facility Finance Authority</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Catoosa Industrial Authority</name>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US63610FBM77"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>City of Long Beach CA Marina System Revenue</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Akron Bath Copley Joint Township Hospital District</name>
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          <isin value="US009730PP10"/>
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        <curCd>USD</curCd>
        <valUSD>410375.93000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Johns County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>St Johns County Industrial Development Authority</title>
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          <isin value="US79041LAN82"/>
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        <curCd>USD</curCd>
        <valUSD>308661.83000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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          <isin value="US167593LQ31"/>
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        <curCd>USD</curCd>
        <valUSD>336070.89000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
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          <isin value="US126292AH43"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Camden County Improvement Authority (The)</name>
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          <isin value="US13281PAC14"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Great Pond Improvement District</name>
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          <isin value="US39119YAD31"/>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116DQ67"/>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Escondido Union High School District</name>
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        <name>Iowa Finance Authority</name>
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        <name>California Housing Finance Agency</name>
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        <name>Utah Charter School Finance Authority</name>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97712DL534"/>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65821DYS43"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
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          <isin value="US88034NUA08"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-09-01</maturityDt>
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          <annualizedRt>3.24399955</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US04052BFV18"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
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          <isin value="US613603B328"/>
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          <maturityDt>2044-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <isin value="US19645UGE82"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
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        <name>State of Hawaii Harbor System Revenue</name>
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          <isin value="US41981THE64"/>
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          <maturityDt>2034-07-01</maturityDt>
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      <invstOrSec>
        <name>Kansas City Land Clearance Redevelopment Authority</name>
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          <isin value="US48504MAD39"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Finance Authority of Maine</name>
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          <isin value="US56042CAU99"/>
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        <name>North Carolina Turnpike Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BGR96"/>
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        <name>Oceanside Unified School District CA</name>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Iowa Student Loan Liquidity Corp.</name>
        <lei>549300FO1LWVSZKGJK70</lei>
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          <isin value="US462590MS69"/>
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        <curCd>USD</curCd>
        <valUSD>269958.64000000</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>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
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          <isin value="US92428CMW19"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-15</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US74529JQD09"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>644176.34000000</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>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Syracuse Industrial Development Agency</name>
        <lei>N/A</lei>
        <title>Syracuse Industrial Development Agency</title>
        <cusip>87172NBB3</cusip>
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          <isin value="US87172NBB38"/>
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        <balance>17535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13287560.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Glynn-Brunswick Memorial Hospital Authority</name>
        <lei>N/A</lei>
        <title>Glynn-Brunswick Memorial Hospital Authority</title>
        <cusip>380037GZ8</cusip>
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          <isin value="US380037GZ89"/>
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        <balance>415000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>395938.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QXU11"/>
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        <curCd>USD</curCd>
        <valUSD>400437.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>St Louis County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>St Louis County Industrial Development Authority</title>
        <cusip>79130GHG9</cusip>
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          <isin value="US79130GHG91"/>
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        <balance>695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>662461.07000000</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>2030-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>George L Smith II Congress Center Authority</name>
        <lei>N/A</lei>
        <title>George L Smith II Congress Center Authority</title>
        <cusip>37255MAD7</cusip>
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          <isin value="US37255MAD74"/>
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        <balance>2175000.00000000</balance>
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        <valUSD>1911900.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>3.62500000</annualizedRt>
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      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
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          <isin value="US69650MAY57"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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          <maturityDt>2039-11-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>George L Smith II Congress Center Authority</name>
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        <name>Utah Housing Corp.</name>
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        <name>Delaware State Economic Development Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Chicago Board of Education Dedicated Capital Improvement Tax</name>
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        <name>Franklin County Industrial Development Authority PA</name>
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        <name>Territory of Guam</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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          <isin value="US88034NTX20"/>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
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          <isin value="US928103AJ98"/>
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        <name>Philadelphia Authority for Industrial Development</name>
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          <isin value="US717908AF47"/>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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          <maturityDt>2034-01-01</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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        <name>Lancaster County Hospital Authority PA</name>
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          <isin value="US514045V676"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>School District of Philadelphia (The)</name>
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        <name>San Francisco City &amp; County Redevelopment Agency Successor Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Hampshire Business Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-10-20</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wiregrass Community Development District</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Utah Charter School Finance Authority</name>
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        <name>Missouri Housing Development Commission</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>Oklahoma Development Finance Authority</name>
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          <isin value="US546399PR11"/>
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          <isin value="US717883XR86"/>
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      <invstOrSec>
        <name>Chester County Health and Education Facilities Authority</name>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461367D73"/>
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          <maturityDt>2038-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina Medical Care Commission</name>
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          <isin value="US65821DXR78"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2045-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>13059TFH7</cusip>
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          <isin value="US13059TFH77"/>
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        <curCd>USD</curCd>
        <valUSD>740750.85000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2048-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74444KBU7</cusip>
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          <isin value="US74444KBU79"/>
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          <maturityDt>2039-07-01</maturityDt>
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        <name>Upper Illinois River Valley Development Authority</name>
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          <isin value="US91588TBS33"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Industrial Development Authority of the City of Phoenix Arizona (The)</name>
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          <isin value="US71885FEA12"/>
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        <curCd>USD</curCd>
        <valUSD>700474.81000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Montana Facility Finance Authority</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>Public Finance Authority</name>
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        <name>City of Baltimore MD</name>
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        <name>Utah Charter School Finance Authority</name>
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        <name>Wisconsin Center District</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>California Public Finance Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>State of Illinois</name>
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        <name>State of Illinois</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Arborwood Community Development District</name>
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        <name>Halifax Hospital Medical Center</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Rhode Island Student Loan Authority</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>Great Pond Improvement District</name>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <name>Seminole County Industrial Development Authority</name>
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        <name>Camden County Improvement Authority (The)</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Affordable Housing Tax-Exempt Bond Pass-Thru Trust</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <invCountry>PR</invCountry>

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        <name>Utah Housing Corp.</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Missouri Development Finance Board</name>
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        <name>Hastings Campus Housing Finance Authority</name>
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        <name>Upper Illinois River Valley Development Authority</name>
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        <name>Sumter County Industrial Development Authority</name>
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        <name>Atlantic County Improvement Authority (The)</name>
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        <name>Seminole County Industrial Development Authority</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
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        <name>Harris County-Houston Sports Authority</name>
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        <name>Muscle Shoals Sheffield &amp; Tuscumbia Solid Waste Disposal Authority</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Northern Illinois University</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>West Point Industrial Development Authority</name>
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      <invstOrSec>
        <name>Prichard Water Works &amp; Sewer Board</name>
        <lei>N/A</lei>
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          <isin value="US741530JB63"/>
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        <curCd>USD</curCd>
        <valUSD>794356.02000000</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>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QUY69"/>
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        <curCd>USD</curCd>
        <valUSD>165762.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TSASC, Inc. NY</name>
        <lei>N/A</lei>
        <title>TSASC, Inc.</title>
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          <isin value="US898526FF00"/>
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        <balance>3020000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3073465.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Naturewalk Community Development District</name>
        <lei>N/A</lei>
        <title>Naturewalk Community Development District</title>
        <cusip>63902TAB9</cusip>
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          <isin value="US63902TAB98"/>
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        <curCd>USD</curCd>
        <valUSD>504000.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2016-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.30000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yamhill County Hospital Authority</name>
        <lei>N/A</lei>
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          <isin value="US98464UAW62"/>
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        <balance>2625000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission</title>
        <cusip>939783TH9</cusip>
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          <isin value="US939783TH93"/>
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        <balance>2460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2148766.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brazos Higher Education Authority, Inc.</name>
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          <isin value="US10623ACF84"/>
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        <balance>95000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>94474.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
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          <annualizedRt>3.41400000</annualizedRt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority</title>
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          <isin value="US70870EBV02"/>
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        <balance>1555000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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        <name>Wisconsin Center District</name>
        <lei>N/A</lei>
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        <balance>725000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>Illinois Finance Authority</name>
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        <balance>435000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Industrial Development Authority of the City of Phoenix Arizona (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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        <name>New York Transportation Development Corp.</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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      <invstOrSec>
        <name>Northeast Ohio Medical University</name>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
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          <maturityDt>2031-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Collegiate Charter School of Lowell</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Hawaii Harbor System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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        <name>Village of Romeoville IL</name>
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          <maturityDt>2041-10-01</maturityDt>
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        <name>California School Finance Authority</name>
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        <name>Ohio Air Quality Development Authority</name>
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        <name>California Public Finance Authority</name>
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        <name>Memphis-Shelby County Industrial Development Board</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
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        <name>Hastings Campus Housing Finance Authority</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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          <isin value="US45506EAC75"/>
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          <maturityDt>2055-07-01</maturityDt>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
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          <isin value="US38122ND823"/>
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          <maturityDt>2050-06-01</maturityDt>
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          <annualizedRt>3.85000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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          <isin value="US882667AH14"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-06-30</maturityDt>
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          <annualizedRt>6.75000000</annualizedRt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542RCY53"/>
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          <maturityDt>2030-04-01</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13080SAR58"/>
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          <maturityDt>2023-11-01</maturityDt>
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        <name>California Municipal Finance Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>City of Lenexa KS</name>
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        <name>Oceanside Unified School District CA</name>
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        <name>Maryland Stadium Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <maturityDt>2039-12-01</maturityDt>
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        <name>Iowa Tobacco Settlement Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Wiregrass Community Development District</name>
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        <name>Maryland Economic Development Corp.</name>
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        <name>Stadium Trace Village Improvement District (The)</name>
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        <name>Ohio Housing Finance Agency</name>
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        <name>Wisconsin Center District</name>
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        <name>RiverSouth Authority</name>
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        <name>West Virginia Hospital Finance Authority</name>
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        <name>Maryland Economic Development Corp.</name>
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        <name>Brazos Higher Education Authority, Inc.</name>
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        <name>West Contra Costa Unified School District</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Public Finance Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>Industrial Development Authority of the City of Phoenix Arizona (The)</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Port Beaumont Navigation District</name>
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        <name>Louisiana Public Facilities Authority</name>
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      <invstOrSec>
        <name>School District of Philadelphia (The)</name>
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      <invstOrSec>
        <name>Cumberland County Municipal Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US650116DR41"/>
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        <curCd>USD</curCd>
        <valUSD>57948.19000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Glendale Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US378287AZ94"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northern Illinois University</name>
        <lei>N/A</lei>
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          <isin value="US665245YS96"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-04-01</maturityDt>
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        <name>Public Finance Authority</name>
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          <isin value="US74442PZT55"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Detroit MI</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Hickory Chase Community Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-12-01</maturityDt>
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        <name>Georgia Housing &amp; Finance Authority</name>
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        <name>Village of Romeoville IL</name>
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        <name>St Louis County Industrial Development Authority</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Charles City County Economic Development Authority</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Collier County Industrial Development Authority</name>
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      <invstOrSec>
        <name>Mount San Antonio Community College District</name>
        <lei>N/A</lei>
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          <maturityDt>2043-08-01</maturityDt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116DT07"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
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          <isin value="US70870JFN37"/>
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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>2053-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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          <isin value="US57584XPY12"/>
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        <curCd>USD</curCd>
        <valUSD>2892203.00000000</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>2043-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QZL93"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2020-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
        <lei>549300DW2GVUIGE04396</lei>
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          <isin value="US605360SD96"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas State Technical College</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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        <name>Kalispel Tribe of Indians</name>
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        <name>City of Wichita KS</name>
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          <maturityDt>2033-05-15</maturityDt>
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        <name>Syracuse Industrial Development Agency</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Wisconsin Center District</name>
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        <name>County of Franklin OH</name>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Tallahassee FL</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US246387RR77"/>
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      <invstOrSec>
        <name>Syracuse Industrial Development Agency</name>
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          <isin value="US87172NAV01"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Topeka KS</name>
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          <isin value="US890585BU59"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Capital Trust Agency, Inc.</name>
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          <isin value="US14054CEQ87"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-01</maturityDt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542QBP72"/>
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      <invstOrSec>
        <name>Arkansas Development Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-09-01</maturityDt>
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        <name>City of Santa Fe NM</name>
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        <name>Franklin County Industrial Development Authority PA</name>
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        <name>Oklahoma Housing Finance Agency</name>
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        <name>Florida Development Finance Corp.</name>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Steel Point Infrastructure Improvement District</name>
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        <name>Erie City Water Authority</name>
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        <name>Cumberland County Municipal Authority</name>
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        <name>Territory of Guam</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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        <name>Collier County Industrial Development Authority</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Port of Beaumont Industrial Development Authority</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>District of Columbia</name>
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        <name>Glendale Industrial Development Authority</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Detroit MI</name>
        <lei>549300BQRJP7MKKHOY28</lei>
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        <curCd>USD</curCd>
        <valUSD>1911883.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US13059TAR05"/>
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        <curCd>USD</curCd>
        <valUSD>432554.97000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>13057GAA7</cusip>
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          <isin value="US13057GAA76"/>
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        <balance>1670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1620965.63000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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          <isin value="US97712JHB26"/>
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        <balance>465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>451531.88000000</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>2043-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>Arkansas Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Arkansas Development Finance Authority</title>
        <cusip>04109FBG2</cusip>
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          <isin value="US04109FBG28"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>546746.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>63607WAF1</cusip>
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          <isin value="US63607WAF14"/>
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        <balance>34320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1708610.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.67400000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442EKP4</cusip>
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          <isin value="US74442EKP42"/>
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        <balance>705000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>688262.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Central Texas Turnpike System</name>
        <lei>N/A</lei>
        <title>Central Texas Turnpike System</title>
        <cusip>88283KAM0</cusip>
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          <isin value="US88283KAM09"/>
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        <balance>4605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2517926.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Palm Beach County Health Facilities Authority</title>
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          <isin value="US69651ACE29"/>
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        <curCd>USD</curCd>
        <valUSD>1203760.21000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>7206886.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-03-15</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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      <invstOrSec>
        <name>Chester County Health and Education Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Kalispel Tribe of Indians</name>
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          <maturityDt>2038-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>City of Wichita KS</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Capital Trust Agency, Inc.</name>
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        <invCountry>US</invCountry>
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        <name>Illinois Finance Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
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        <name>Northeastern Pennsylvania Hospital and Education Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-01</maturityDt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
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        <curCd>USD</curCd>
        <valUSD>471093.14000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of New Rochelle NY</name>
        <lei>N/A</lei>
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          <isin value="US648535AS16"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</maturityDt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526Q2P68"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Conroe Local Government Corp.</name>
        <lei>N/A</lei>
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          <isin value="US208419AC59"/>
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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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Industrial Development Authority of the City of St Louis Missouri (The)</name>
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          <isin value="US85236BAB80"/>
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        <balance>2110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1687179.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Capital Region Community Development District</name>
        <lei>N/A</lei>
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        <cusip>14044NBM9</cusip>
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          <isin value="US14044NBM92"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402189.12000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>City of Deephaven MN</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>04052BHC1</cusip>
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          <isin value="US04052BHC19"/>
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        <balance>1565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1572200.57000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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          <isin value="US452017AT35"/>
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        <curCd>USD</curCd>
        <valUSD>592858.48000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Chicago IL</name>
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        <curCd>USD</curCd>
        <valUSD>803733.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QVB57"/>
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        <curCd>USD</curCd>
        <valUSD>376225.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Cumberland County Municipal Authority</name>
        <lei>N/A</lei>
        <title>Cumberland County Municipal Authority</title>
        <cusip>230614SL4</cusip>
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          <isin value="US230614SL48"/>
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        <valUSD>190171.29000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Center District</name>
        <lei>N/A</lei>
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        <cusip>976595GG7</cusip>
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          <isin value="US976595GG73"/>
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        <balance>1580000.00000000</balance>
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        <valUSD>945862.26000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>4.37500000</annualizedRt>
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        <name>Territory of Guam</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Educational Financing Authority</name>
        <lei>5493007K5OP7V6CL0Y88</lei>
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        <balance>10430000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2036-06-01</maturityDt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
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          <maturityDt>2033-07-01</maturityDt>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
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          <maturityDt>2048-09-01</maturityDt>
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        <name>Yamhill County Hospital Authority</name>
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          <maturityDt>2051-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chicago Board of Education</name>
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          <maturityDt>2029-12-01</maturityDt>
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        <name>Port of Seattle WA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-01</maturityDt>
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        <name>State of Illinois</name>
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          <maturityDt>2047-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Florida Development Finance Corp.</name>
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          <maturityDt>2049-12-15</maturityDt>
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        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <maturityDt>2035-01-01</maturityDt>
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        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
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        <name>Illinois Finance Authority</name>
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        <name>Alaska Industrial Development &amp; Export Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Cobb County Kennestone Hospital Authority</name>
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        <name>Palm Beach County Health Facilities Authority</name>
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      <invstOrSec>
        <name>Texas Transportation Commission State Highway 249 System</name>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>FHLMC Multifamily ML Certificates</name>
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        <name>Public Finance Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Chicago Board of Education</name>
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        <name>Indiana Finance Authority</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>Iowa Student Loan Liquidity Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Kentucky State University</name>
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        <name>Public Finance Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>Public Finance Authority</name>
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          <isin value="US744396GZ99"/>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Cobb County Kennestone Hospital Authority</name>
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          <maturityDt>2034-04-01</maturityDt>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Public Finance Authority</name>
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        <name>Hastings Campus Housing Finance Authority</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Houston Higher Education Finance Corp.</name>
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      <invstOrSec>
        <name>Wiregrass Community Development District</name>
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      <invstOrSec>
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          <maturityDt>2048-08-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Doylestown Hospital Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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          <isin value="US546399NM42"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2051-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Washington State Housing Finance Commission</name>
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          <isin value="US939783TS58"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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          <isin value="US49952MEE21"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Municipal Finance Agency</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Reno NV</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-06-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>City of Baltimore MD</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Hampshire Business Finance Authority</name>
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          <maturityDt>2051-06-01</maturityDt>
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        <name>New Memphis Arena Public Building Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>West Shore Area Authority</name>
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        <name>Clackamas County Hospital Facility Authority</name>
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          <maturityDt>2041-05-15</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isin value="US19645RYY16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Vermont Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US924157AA83"/>
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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>2036-04-01</maturityDt>
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          <annualizedRt>4.62499920</annualizedRt>
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        <name>Wisconsin Center District</name>
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          <isin value="US976595FK94"/>
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        <curCd>USD</curCd>
        <valUSD>514365.49000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Iowa Finance Authority</name>
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          <isin value="US462467VD08"/>
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        <curCd>USD</curCd>
        <valUSD>525578.00000000</valUSD>
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          <maturityDt>2047-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Iowa Higher Education Loan Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-10-01</maturityDt>
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        <name>Capital Trust Agency, Inc.</name>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Topeka KS</name>
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          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>6.25000000</annualizedRt>
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        <name>New Hampshire Business Finance Authority</name>
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          <maturityDt>2045-07-01</maturityDt>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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          <maturityDt>2048-06-01</maturityDt>
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        <name>East Hempfield Township Industrial Development Authority</name>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp.</title>
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        <name>Greater Asheville Regional Airport Authority</name>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Harris County-Houston Sports Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Temple TX</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Cape Girardeau County Industrial Development Authority</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Cape Girardeau County Industrial Development Authority</name>
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        <name>City of Baltimore MD</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US928104NA26"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US64542UEZ30"/>
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        <curCd>USD</curCd>
        <valUSD>556444.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13081CAB46"/>
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        <curCd>USD</curCd>
        <valUSD>885075.66000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
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          <isin value="US19648FSV75"/>
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        <valUSD>1972838.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US64613CCL00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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        <cusip>04052BKJ2</cusip>
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          <isin value="US04052BKJ25"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>La Paz County Industrial Development Authority</name>
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        <title>La Paz County Industrial Development Authority</title>
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          <isin value="US50376FAR82"/>
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        <curCd>USD</curCd>
        <valUSD>803356.64000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Massachusetts Development Finance Agency</name>
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        <cusip>57584Y2W8</cusip>
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          <isin value="US57584Y2W89"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>469834.24000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>452029AD3</cusip>
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          <isin value="US452029AD39"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1804126.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12500000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <cusip>6459182F9</cusip>
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          <isin value="US6459182F94"/>
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        <valUSD>531303.69000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>City of Chicago IL</name>
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        <valUSD>13237681.47000000</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>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>64577BHV9</cusip>
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        <balance>1510000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Puerto Rico</name>
        <lei>N/A</lei>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority</title>
        <cusip>04052BHD9</cusip>
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          <isin value="US04052BHD91"/>
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          <annualizedRt>5.75000000</annualizedRt>
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        <name>North Carolina Turnpike Authority</name>
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        <name>Chester County Health and Education Facilities Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2051-12-01</maturityDt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2047-02-15</maturityDt>
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        <name>Beverly Hills Unified School District CA</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
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      <invstOrSec>
        <name>Franklin County Industrial Development Authority PA</name>
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          <maturityDt>2043-12-01</maturityDt>
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      <invstOrSec>
        <name>Maxatawny Township Municipal Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US13048DCN66"/>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
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          <isin value="US67756DRU27"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Harris County-Houston Sports Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-15</maturityDt>
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      <invstOrSec>
        <name>Huntsville-Redstone Village Special Care Facilities Financing Authority</name>
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          <isin value="US447297AL67"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Red River Health Facilities Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-15</maturityDt>
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          <annualizedRt>7.75000000</annualizedRt>
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        <name>Tulsa Airports Improvement Trust</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Maryland Stadium Authority</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>City of Baltimore MD</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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      <invstOrSec>
        <name>California School Finance Authority</name>
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      <invstOrSec>
        <name>Georgia Ports Authority</name>
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          <maturityDt>2052-07-01</maturityDt>
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        <name>Maricopa County Industrial Development Authority</name>
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          <maturityDt>2054-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64577XFA90"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>County of Howard MD</name>
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          <maturityDt>2036-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Trinity Area School District</name>
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          <maturityDt>2041-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
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          <isin value="US13080SEV25"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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          <isin value="US34061WAY03"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>West Shore Area Authority</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Utah Housing Corp.</name>
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        <name>Chicago Board of Education</name>
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        <name>Tennergy Corp.</name>
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        <name>Harris County-Houston Sports Authority</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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        <name>Lakewood Ranch Stewardship District</name>
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        <name>Bexley Community Development District</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <name>Chicago Board of Education</name>
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        <name>California School Finance Authority</name>
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          <maturityDt>2024-07-01</maturityDt>
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        <name>Arkansas Development Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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      <invstOrSec>
        <name>Franklin County Industrial Development Authority PA</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Tampa FL</name>
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        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>TSASC, Inc. NY</name>
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        <name>Public Finance Authority</name>
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        <name>Port Beaumont Navigation District</name>
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        <name>Norman Regional Hospital Authority</name>
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        <name>Huntsville-Redstone Village Special Care Facilities Financing Authority</name>
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        <name>Wisconsin Center District</name>
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        <name>Gulf Coast Industrial Development Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2052-08-15</maturityDt>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
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          <isin value="US12008ETZ96"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2062-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Yamhill County Hospital Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>North Carolina Turnpike Authority</name>
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          <maturityDt>2047-07-01</maturityDt>
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        <name>Florida Development Finance Corp.</name>
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          <maturityDt>2036-06-15</maturityDt>
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        <name>Missouri Housing Development Commission</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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          <maturityDt>2042-12-01</maturityDt>
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        <name>New York Liberty Development Corp.</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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      <invstOrSec>
        <name>Utah Housing Corp.</name>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>Denver Health &amp; Hospital Authority</name>
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      <invstOrSec>
        <name>Ector County Hospital District</name>
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          <maturityDt>2034-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Mississippi Hospital Equipment &amp; Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
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        <name>City of Hutchinson KS</name>
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          <maturityDt>2036-12-01</maturityDt>
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        <name>California Pollution Control Financing Authority</name>
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          <annualizedRt>7.50000000</annualizedRt>
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        <name>Massachusetts Housing Finance Agency</name>
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        <name>Concord Station Community Development District</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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        <name>Maryland Stadium Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Glendale Industrial Development Authority</name>
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        <name>Chicago Board of Education Dedicated Capital Improvement Tax</name>
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        <name>Public Finance Authority</name>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <name>Camden County Improvement Authority (The)</name>
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        <name>Puerto Rico Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <name>Miami-Dade County Industrial Development Authority</name>
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        <name>Toledo Hospital (The)</name>
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        <name>Halifax Hospital Medical Center</name>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Securitization Authority of Northern California</name>
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          <isin value="US888794CA04"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>City of Middleburg Heights OH</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maxatawny Township Municipal Authority</name>
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          <maturityDt>2040-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>6.05000000</annualizedRt>
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      <invstOrSec>
        <name>Birmingham Airport Authority</name>
        <lei>N/A</lei>
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        <name>District of Columbia Tobacco Settlement Financing Corp.</name>
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        <name>Orange County Health Facilities Authority</name>
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        <name>Kentucky Economic Development Finance Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>Pennsylvania Higher Education Assistance Agency</name>
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        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <maturityDt>2053-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arkansas Development Finance Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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        <name>Berks County Industrial Development Authority</name>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <name>Dardenne Town Square Transportation Development District</name>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
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          <maturityDt>2035-05-01</maturityDt>
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      <invstOrSec>
        <name>Austin Convention Enterprises, Inc.</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Buckeye Tobacco Settlement Financing Authority</name>
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          <isin value="US118217CV83"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Hutchinson KS</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>San Francisco City &amp; County Redevelopment Agency Successor Agency</name>
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        <name>Public Finance Authority</name>
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        <name>Colorado Health Facilities Authority</name>
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      <invstOrSec>
        <name>City of Overland Park KS Sales Tax Revenue</name>
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        <name>Austin Convention Enterprises, Inc.</name>
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        <name>California School Finance Authority</name>
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        <invCountry>PR</invCountry>

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      <invstOrSec>
        <name>Texas Transportation Commission State Highway 249 System</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-12-15</maturityDt>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>La Paz County Industrial Development Authority</name>
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        <name>Rio Hondo Community College District CA</name>
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        <name>District of Columbia</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204FKF17"/>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>2.25000000</annualizedRt>
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        <name>Public Finance Authority</name>
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        <title>Public Finance Authority</title>
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          <isin value="US74445QDX51"/>
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          <maturityDt>2056-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Mississippi Development Bank</name>
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          <annualizedRt>4.55000000</annualizedRt>
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        <name>Port Beaumont Navigation District</name>
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          <maturityDt>2050-01-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California County Tobacco Securitization Agency</name>
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        <name>Public Finance Authority</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Hammond Multi-School Building Corp.</name>
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      <invstOrSec>
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          <maturityDt>2030-12-01</maturityDt>
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        <name>James City County Economic Development Authority</name>
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        <name>FHLMC Multifamily ML Certificates</name>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74446CAD20"/>
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        <name>Commonwealth of Puerto Rico</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northeastern Pennsylvania Hospital and Education Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arlington Higher Education Finance Corp.</name>
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          <isin value="US041806PT18"/>
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          <maturityDt>2048-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Center District</name>
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          <isin value="US976595GM42"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-12-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Yamhill County Hospital Authority</name>
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        <name>Public Finance Authority</name>
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          <isin value="US74444VBV18"/>
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      <invstOrSec>
        <name>Port of Seattle Industrial Development Corp.</name>
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          <isin value="US735385AC02"/>
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        <name>Illinois Housing Development Authority</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>California School Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>District of Columbia</name>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>Guam Government Waterworks Authority</name>
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        <name>Utah Charter School Finance Authority</name>
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      <invstOrSec>
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        <name>Indiana Finance Authority</name>
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        <name>Grand Rapids Economic Development Corp.</name>
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          <isin value="US386247AZ39"/>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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          <couponKind>None</couponKind>
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        <name>Franklin County Industrial Development Authority PA</name>
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        <name>Georgia Ports Authority</name>
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        <name>Indiana Finance Authority</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Chicago Board of Education Dedicated Capital Improvement Tax</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wyandotte County-Kansas City Unified Government</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
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          <maturityDt>2049-11-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <isin value="US19645RRG82"/>
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        <fairValLevel>2</fairValLevel>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>California School Finance Authority</name>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Prichard Water Works &amp; Sewer Board</name>
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        <name>Toll Road Investors Partnership II LP</name>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <isin value="US97710B6T40"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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          <isin value="US155498DV76"/>
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          <maturityDt>2045-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Toll Road Investors Partnership II LP</name>
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          <isin value="US88948ABB26"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-02-15</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Town of Tisbury MA</name>
        <lei>N/A</lei>
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          <isin value="US888240FZ69"/>
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        <valUSD>4731651.11000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US49126KKE00"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>County of Cuyahoga OH</name>
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          <isin value="US2322655R50"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-15</maturityDt>
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      <invstOrSec>
        <name>Wayne County Airport Authority</name>
        <lei>N/A</lei>
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          <isin value="US944514QV37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Industrial Development Authority of the City of Phoenix Arizona (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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        <name>La Paz County Industrial Development Authority</name>
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        <name>California School Finance Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Capital Region Community Development District</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Toll Road Investors Partnership II LP</name>
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        <name>New York State Dormitory Authority</name>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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      <invstOrSec>
        <name>East Hempfield Township Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74443DDZ15"/>
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        <curCd>USD</curCd>
        <valUSD>659995.76000000</valUSD>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US70869PNJ20"/>
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        <curCd>USD</curCd>
        <valUSD>892229.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association</title>
        <cusip>45129GDE2</cusip>
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          <isin value="US45129GDE26"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1151243.61000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>St Johns County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>St Johns County Industrial Development Authority</title>
        <cusip>79041LAM0</cusip>
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          <isin value="US79041LAM00"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>448875.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>13057GAB5</cusip>
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          <isin value="US13057GAB59"/>
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        <balance>4770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4291036.19000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Pompano Beach FL</name>
        <lei>N/A</lei>
        <title>City of Pompano Beach</title>
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          <isin value="US732203BH60"/>
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        <balance>3925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2960140.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
        <lei>549300FH6KOXGCHQYG81</lei>
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          <isin value="US65821DYU98"/>
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        <valUSD>1211098.10000000</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>2036-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Alabama Special Care Facilities Financing Authority-Birmingham AL</name>
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          <isin value="US091081DQ99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-15</maturityDt>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority</title>
        <cusip>70870EBS7</cusip>
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          <maturityDt>2038-01-01</maturityDt>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Franklin County Industrial Development Authority PA</name>
        <lei>N/A</lei>
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        <name>Washington Health Care Facilities Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-08-15</maturityDt>
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        <name>Kentucky State University</name>
        <lei>N/A</lei>
        <title>Kentucky State University</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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          <maturityDt>2037-11-01</maturityDt>
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        <name>Estancia at Wiregrass Community Development District</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Capital Trust Agency, Inc.</name>
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          <isin value="US14054CAL37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QXN77"/>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
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          <isin value="US64542UFY55"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <isin value="US20775DVR06"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-15</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>Minnesota Office of Higher Education</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-01</maturityDt>
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        <name>Illinois Finance Authority</name>
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          <maturityDt>2041-02-15</maturityDt>
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        <name>St Louis County Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-08-15</maturityDt>
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        <name>Harris County-Houston Sports Authority</name>
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          <maturityDt>2046-11-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>Chicago Board of Education Dedicated Capital Improvement Tax</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>California Statewide Communities Development Authority</name>
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          <maturityDt>2057-08-15</maturityDt>
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        <name>Palomar Health</name>
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          <maturityDt>2042-11-01</maturityDt>
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        <name>Build NYC Resource Corp.</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
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        <title>Florida Higher Educational Facilities Financial Authority</title>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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        <name>Clackamas County Hospital Facility Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Austin Convention Enterprises, Inc.</name>
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        <name>California Community Housing Agency</name>
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        <name>FHLMC Multifamily ML Certificates</name>
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        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
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          <maturityDt>2038-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arborwood Community Development District</name>
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          <maturityDt>2028-05-01</maturityDt>
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        <name>Guam Government Waterworks Authority</name>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Virginia College Building Authority</name>
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        <name>Wisconsin Center District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-15</maturityDt>
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        <name>County of Berkeley SC</name>
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          <maturityDt>2030-11-01</maturityDt>
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        <name>Village Community Development District No. 15</name>
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          <maturityDt>2043-05-01</maturityDt>
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        <name>California Statewide Communities Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arizona Industrial Development Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Yamhill County Hospital Authority</name>
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          <maturityDt>2031-12-15</maturityDt>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Alabama Special Care Facilities Financing Authority-Birmingham AL</name>
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        <name>Newark Higher Education Finance Corp.</name>
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        <name>County of Osceola FL Transportation Revenue</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>East Hempfield Township Industrial Development Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Peninsula Town Center Community Development Authority</name>
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          <maturityDt>2047-11-01</maturityDt>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Miami Beach Health Facilities Authority</name>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Franklin County Industrial Development Authority PA</name>
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        <name>Chicago Board of Education</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>St Johns County Industrial Development Authority</name>
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          <isin value="US45506DQZ14"/>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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          <isin value="US5462825J98"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QSW32"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Regional Transportation District</name>
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          <isin value="US759151BU68"/>
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        <balance>470000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>467624.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sarasota County Health Facilities Authority</name>
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        <title>Sarasota County Health Facilities Authority</title>
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          <isin value="US80329UBC27"/>
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        <curCd>USD</curCd>
        <valUSD>1556535.38000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Matching Fund Special Purpose Securitization Corp.</name>
        <lei>N/A</lei>
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        <cusip>57665NAB1</cusip>
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          <isin value="US57665NAB10"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>VI</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526QXB30"/>
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        <balance>4720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1758200.00000000</valUSD>
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        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2018-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
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          <isin value="US126292BC47"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2057-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Jacksonville FL</name>
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          <isin value="US46936RAD44"/>
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        <balance>2345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2062107.41000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bellalago Educational Facilities Benefit District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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          <isin value="US74526Q2H43"/>
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        <balance>475000.00000000</balance>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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          <maturityDt>2052-03-01</maturityDt>
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        <name>New Mexico Mortgage Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <invCountry>US</invCountry>
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        <name>Philadelphia Authority for Industrial Development</name>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp.</title>
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        <name>North Carolina Medical Care Commission</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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          <isin value="US45471FAH47"/>
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      <invstOrSec>
        <name>Toll Road Investors Partnership II LP</name>
        <lei>N/A</lei>
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          <isin value="US88948ABC09"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-15</maturityDt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <isin value="US19645RWD96"/>
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        <balance>395000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-15</maturityDt>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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          <isin value="US87638TGV98"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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        <name>Public Finance Authority</name>
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          <maturityDt>2038-09-01</maturityDt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <cusip>19645UDQ4</cusip>
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          <isin value="US19645UDQ40"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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          <maturityDt>2051-01-01</maturityDt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Atlantic County Improvement Authority (The)</name>
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        <name>Central Plains Energy Project</name>
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        <name>Steel Point Infrastructure Improvement District</name>
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        <name>City of Tampa FL</name>
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        <name>City of Baltimore MD</name>
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        <name>Northern Illinois University</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
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          <maturityDt>2052-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>La Paz County Industrial Development Authority</name>
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        <name>Midtown Miami Community Development District</name>
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        <name>California School Finance Authority</name>
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        <name>Illinois Housing Development Authority</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>Michigan Finance Authority</name>
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        <name>FHLMC Multifamily ML Certificates</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
        <cusip>45506ECB7</cusip>
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          <isin value="US45506ECB74"/>
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        <curCd>USD</curCd>
        <valUSD>690288.34000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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          <annualizedRt>3.21000000</annualizedRt>
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      <invstOrSec>
        <name>City of Wheeling WV Waterworks &amp; Sewerage System Revenue</name>
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          <isin value="US963270GR88"/>
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        <curCd>USD</curCd>
        <valUSD>636140.31000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Municipal Finance Authority</name>
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          <isin value="US13048VJE92"/>
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        <curCd>USD</curCd>
        <valUSD>6079429.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
        <cusip>64577BHU1</cusip>
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          <isin value="US64577BHU17"/>
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        <balance>3485000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3434187.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission</title>
        <cusip>65821DYT2</cusip>
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          <isin value="US65821DYT26"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182873.18000000</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>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
        <title>Montgomery County Higher Education and Health Authority</title>
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          <isin value="US613603G863"/>
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        <curCd>USD</curCd>
        <valUSD>2199614.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
        <cusip>645918Z89</cusip>
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          <isin value="US645918Z891"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>326501.34000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74443UBC6</cusip>
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          <isin value="US74443UBC62"/>
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        <balance>10880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9395398.98000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Downriver Utility Wastewater Authority</name>
        <lei>N/A</lei>
        <title>Downriver Utility Wastewater Authority</title>
        <cusip>26111PAT2</cusip>
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          <isin value="US26111PAT21"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>700662.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <cusip>592029AC6</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Jefferson AL Sewer Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Indiana Finance Authority</name>
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          <isin value="US45506DRA53"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Community Choice Financing Authority</name>
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          <isin value="US13013JCM62"/>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Butler OH</name>
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        <name>District of Columbia</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Syracuse Industrial Development Agency</name>
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        <name>Illinois Finance Authority</name>
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        <balance>1195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1194987.57000000</valUSD>
        <pctVal>0.027535604367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
        <lei>549300BJRX2FHSSZP042</lei>
        <title>Colorado Educational &amp; Cultural Facilities Authority</title>
        <cusip>19645R7C9</cusip>
        <identifiers>
          <isin value="US19645R7C96"/>
        </identifiers>
        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>368443.70000000</valUSD>
        <pctVal>0.008489895802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</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>George L Smith II Congress Center Authority</name>
        <lei>N/A</lei>
        <title>George L Smith II Congress Center Authority</title>
        <cusip>37255MAF2</cusip>
        <identifiers>
          <isin value="US37255MAF23"/>
        </identifiers>
        <balance>6200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5201479.46000000</valUSD>
        <pctVal>0.119855540034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</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>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514L3Q8</cusip>
        <identifiers>
          <isin value="US74514L3Q89"/>
        </identifiers>
        <balance>431512.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414351.85000000</valUSD>
        <pctVal>0.009547738317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</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>Chester County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Chester County Industrial Development Authority</title>
        <cusip>165588DQ4</cusip>
        <identifiers>
          <isin value="US165588DQ40"/>
        </identifiers>
        <balance>2040000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1982606.84000000</valUSD>
        <pctVal>0.045684389472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glynn-Brunswick Memorial Hospital Authority</name>
        <lei>N/A</lei>
        <title>Glynn-Brunswick Memorial Hospital Authority</title>
        <cusip>380037HA2</cusip>
        <identifiers>
          <isin value="US380037HA20"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266615.25000000</valUSD>
        <pctVal>0.006143504942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp.</title>
        <cusip>64542QBE2</cusip>
        <identifiers>
          <isin value="US64542QBE26"/>
        </identifiers>
        <balance>2550000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2436160.61000000</valUSD>
        <pctVal>0.056135441419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204FGC3</cusip>
        <identifiers>
          <isin value="US45204FGC32"/>
        </identifiers>
        <balance>3570000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2960900.52000000</valUSD>
        <pctVal>0.068226806150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Chicago IL</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>City of Chicago</title>
        <cusip>167486D71</cusip>
        <identifiers>
          <isin value="US167486D712"/>
        </identifiers>
        <balance>2925000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3155762.61000000</valUSD>
        <pctVal>0.072716932701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allentown Neighborhood Improvement Zone Development Authority</name>
        <lei>N/A</lei>
        <title>Allentown Neighborhood Improvement Zone Development Authority</title>
        <cusip>018444BF5</cusip>
        <identifiers>
          <isin value="US018444BF57"/>
        </identifiers>
        <balance>6700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6742365.44000000</valUSD>
        <pctVal>0.155361538410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</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>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Commonwealth of Puerto Rico</title>
        <cusip>74514L3J4</cusip>
        <identifiers>
          <isin value="US74514L3J47"/>
        </identifiers>
        <balance>5443355.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5932030.02000000</valUSD>
        <pctVal>0.136689314456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority</title>
        <cusip>13058TRB8</cusip>
        <identifiers>
          <isin value="US13058TRB88"/>
        </identifiers>
        <balance>1610000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1532364.67000000</valUSD>
        <pctVal>0.035309645354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City of Santa Fe NM</name>
        <lei>N/A</lei>
        <title>City of Santa Fe</title>
        <cusip>802170AM2</cusip>
        <identifiers>
          <isin value="US802170AM23"/>
        </identifiers>
        <balance>355000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335698.37000000</valUSD>
        <pctVal>0.007735358705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brazos Higher Education Authority, Inc.</name>
        <lei>N/A</lei>
        <title>Brazos Higher Education Authority, Inc.</title>
        <cusip>10623ABU6</cusip>
        <identifiers>
          <isin value="US10623ABU60"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49723.33000000</valUSD>
        <pctVal>0.001145754129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.35000000</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>Kentucky Economic Development Finance Authority</name>
        <lei>N/A</lei>
        <title>Kentucky Economic Development Finance Authority</title>
        <cusip>49126KLA7</cusip>
        <identifiers>
          <isin value="US49126KLA78"/>
        </identifiers>
        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1296881.75000000</valUSD>
        <pctVal>0.029883509817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="All applicable monthly total returns are reported excluding any sales loads or redemption fees for Item B.5." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>MFS Series Trust III</ncom:nameOfApplicant>
      <ncom:signature>Kasey Phillips</ncom:signature>
      <ncom:signerName>Kasey Phillips</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
