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      <invstOrSec>
        <name>METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV</name>
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          <isin value="US592248EC83"/>
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        <name>CONNECTICUT ST HEALTH and EDL FACS AUTH REV</name>
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        <cusip>20774YB55</cusip>
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      <invstOrSec>
        <name>WISCONSIN ST HEALTH and EDL FACS AUTH REV</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <cusip>97712DVN3</cusip>
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          <isin value="US97712DVN38"/>
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      <invstOrSec>
        <name>DUTCHESS CNTY NY LOC DEV CORP REV</name>
        <lei>N/A</lei>
        <title>DUTCHESS NY LDC (HEALTH QUEST SYSTEMS) 5% 7/1/25</title>
        <cusip>267045FR8</cusip>
        <identifiers>
          <isin value="US267045FR89"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
        <lei>N/A</lei>
        <title>MA DFA 5% 7/1/2025</title>
        <cusip>57584X3M1</cusip>
        <identifiers>
          <isin value="US57584X3M17"/>
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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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ST LOUIS MO ARPT REV</name>
        <lei>N/A</lei>
        <title>ST LOUIS MO AIR/AGM 5% 7/1/25</title>
        <cusip>791638D71</cusip>
        <identifiers>
          <isin value="US791638D712"/>
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        <curCd>USD</curCd>
        <valUSD>443371.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ATLANTA GA ARPT REV</name>
        <lei>N/A</lei>
        <title>ATLANTA GA ARPT 0% 7/1/2025</title>
        <cusip>04780MUJ6</cusip>
        <identifiers>
          <isin value="US04780MUJ60"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>149861.25000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DISTRICT COLUMBIA REV</name>
        <lei>N/A</lei>
        <title>DC WA REV 5% 10/1/2025</title>
        <cusip>25483VUA0</cusip>
        <identifiers>
          <isin value="US25483VUA06"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88540.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>BROWARD CO FL ARPT</name>
        <lei>N/A</lei>
        <title>BROW CO FL ARPT 5% 10/1/2025 @</title>
        <cusip>114894XE3</cusip>
        <identifiers>
          <isin value="US114894XE39"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>594185.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SOUTHCENTRAL PA GEN AUTH REV</name>
        <lei>N/A</lei>
        <title>SOUTHCENTRAL PA 5% 6/1/2025</title>
        <cusip>84129NLL1</cusip>
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          <isin value="US84129NLL19"/>
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        <curCd>USD</curCd>
        <valUSD>356454.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>717883US9</cusip>
        <identifiers>
          <isin value="US717883US96"/>
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        <balance>50000.00000000</balance>
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        <valUSD>59154.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>OHIO ST HIGHER EDL FAC COMMN</name>
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          <isin value="US67756DKQ87"/>
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        <name>KENTUCKY ST PTY and BLDGS COMMN</name>
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          <isin value="US49151FSM31"/>
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        <name>WISCONSIN ST</name>
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        <name>ILLINOIS ST</name>
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          <isin value="US452152SS15"/>
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        <name>CHICAGO IL TRAN AUTH CAP GRNT RCPTS REV</name>
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        <title>CHICAGO IL TRNST 5% 6/1/25</title>
        <cusip>167723GX7</cusip>
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          <isin value="US167723GX73"/>
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        <balance>250000.00000000</balance>
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        <name>CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE</name>
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          <isin value="US20775DDL38"/>
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        <balance>50000.00000000</balance>
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        <valUSD>58667.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>PORT SEATTLE WA REV</name>
        <lei>N/A</lei>
        <title>PORT SEATTLE 5% 5/1/2025 @</title>
        <cusip>735389ZM3</cusip>
        <identifiers>
          <isin value="US735389ZM31"/>
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        <balance>465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>548448.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASSACHUSETTS ED LN AUTH ED LN</name>
        <lei>N/A</lei>
        <title>MA ED LN AUTH 5% 7/1/2025@</title>
        <cusip>57563RPC7</cusip>
        <identifiers>
          <isin value="US57563RPC78"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292905.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PORT PORTLAND OR ARPT REV</name>
        <lei>N/A</lei>
        <title>PORTLND OR ARPT 5% 7/1/2025 @</title>
        <cusip>735240L35</cusip>
        <identifiers>
          <isin value="US735240L354"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>497158.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KNOX CNY TN HL E HSC FCS BD RV</name>
        <lei>N/A</lei>
        <title>KNOX CY TN H RV 5% 9/1/2025</title>
        <cusip>49952MCQ7</cusip>
        <identifiers>
          <isin value="US49952MCQ78"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17437.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV</name>
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        <title>RAILSPLITTER IL 5% 6/1/25</title>
        <cusip>75076PAX3</cusip>
        <identifiers>
          <isin value="US75076PAX33"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>430762.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH RV</name>
        <lei>N/A</lei>
        <title>ILLINOIS FIN AT 5% 5/15/2025</title>
        <cusip>45204ELR7</cusip>
        <identifiers>
          <isin value="US45204ELR70"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293735.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHICAGO IL OHARE INTL ARPT REV</name>
        <lei>N/A</lei>
        <title>CHIC IL OHARE SER D 5% 1/1/25@</title>
        <cusip>167593D90</cusip>
        <identifiers>
          <isin value="US167593D905"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>117022.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TUCSON AZ WTR REV</name>
        <lei>N/A</lei>
        <title>TUCSON AZ WTR 5% 7/1/2025</title>
        <cusip>898797ED3</cusip>
        <identifiers>
          <isin value="US898797ED39"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>300165.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>ST LOUIS MO ARPT REV</name>
        <lei>N/A</lei>
        <title>ST LOUIS MO AIR 5% 7/1/2025</title>
        <cusip>791638L23</cusip>
        <identifiers>
          <isin value="US791638L236"/>
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        <balance>290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>346657.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>HAMILTON CNTY OH HOSP FACS REV</name>
        <lei>N/A</lei>
        <title>HAMILTON HOSP OH 5% 8/15/25</title>
        <cusip>407272T60</cusip>
        <identifiers>
          <isin value="US407272T605"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164801.00000000</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>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MILAN MICH AREA SCHS</name>
        <lei>N/A</lei>
        <title>MILAN MI SCHS 5% 5/1/2025Q</title>
        <cusip>598801KA5</cusip>
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          <isin value="US598801KA59"/>
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        <balance>355000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>419705.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW JERSEY ECONOM DEV AUTH REV</name>
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        <cusip>64577BKJ2</cusip>
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          <isin value="US64577BKJ25"/>
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        <balance>250000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSN TR FD AUT</name>
        <lei>N/A</lei>
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        <cusip>646136W80</cusip>
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          <isin value="US646136W805"/>
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        <balance>50000.00000000</balance>
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        <valUSD>57872.50000000</valUSD>
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        <name>CHATANOOGA TN HEALTH ED and HSG FAC BRD REV</name>
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        <cusip>162410DW1</cusip>
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          <isin value="US162410DW19"/>
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        <name>GLENDALE AZ</name>
        <lei>N/A</lei>
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          <isin value="US37828GAF37"/>
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      <invstOrSec>
        <name>VERMONT ST STUD ASSIT CORP</name>
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        <cusip>92428CLU6</cusip>
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          <isin value="US92428CLU61"/>
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      <invstOrSec>
        <name>NEW JERSEY EDA ST LEASE REV</name>
        <lei>N/A</lei>
        <title>NJ EDA ST LEASE 5% 6/15/2025</title>
        <cusip>64578EJB4</cusip>
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          <isin value="US64578EJB48"/>
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        <valUSD>231490.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
        <lei>N/A</lei>
        <title>MASS DEVEL FIN 5% 7/1/2025</title>
        <cusip>57584YRN1</cusip>
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        <name>NEW JERSEY ST TRANSN TR FD AUT</name>
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          <isin value="US6461362A89"/>
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      <invstOrSec>
        <name>GLENDALE AZ TRANSN EXCISE TAX REV</name>
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          <isin value="US378325BG82"/>
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      <invstOrSec>
        <name>DOYLESTOWN PA HOSP AUTH HOSP</name>
        <lei>N/A</lei>
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        <cusip>261333ES3</cusip>
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          <isin value="US261333ES34"/>
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      <invstOrSec>
        <name>CLARK CNTY NV SCHOOL DIST</name>
        <lei>N/A</lei>
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        <cusip>181059WV4</cusip>
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          <isin value="US181059WV47"/>
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        <name>CONNECTICUT ST</name>
        <lei>N/A</lei>
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        <cusip>20772JF31</cusip>
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          <isin value="US20772JF315"/>
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      <invstOrSec>
        <name>MAINE HEALTH and HIGHER EDL FACS AUTH REV</name>
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        <title>ME ST HEALTH 4% 7/1/2025</title>
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          <isin value="US56042RLR11"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CLACKAMAS CNTY OR HSP FAC AUTH</name>
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        <cusip>179027XJ1</cusip>
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          <isin value="US179027XJ11"/>
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      <invstOrSec>
        <name>OK DEV FIN AUTH HEALTH SYS REV</name>
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        <title>OK DEV FIN AUTH 5% 8/15/2025</title>
        <cusip>67884XBZ9</cusip>
        <identifiers>
          <isin value="US67884XBZ96"/>
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        <balance>25000.00000000</balance>
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      <invstOrSec>
        <name>BUTLER CO PA HOSP</name>
        <lei>N/A</lei>
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          <isin value="US123592DJ34"/>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH RV</name>
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          <isin value="US45204E6P86"/>
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      <invstOrSec>
        <name>COMMONWEALTH FING AUTH PA REV</name>
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          <isin value="US20281PLH37"/>
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        <name>ILLINOIS ST</name>
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          <isin value="US452152Q468"/>
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        <name>CONNECTICUT ST HEALTH and EDL FACS AUTH REV</name>
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        <name>NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY</name>
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          <isin value="US646066WZ95"/>
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      <invstOrSec>
        <name>CENTRE CNTY PA HOSP AUTH REV</name>
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          <isin value="US156273GQ12"/>
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      <invstOrSec>
        <name>CHAMPAIGN CNTY ILL CMNTY UNIT SCH DIST NO 004</name>
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        <name>NIAGARA NY FRONTIER TRANSN</name>
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      <invstOrSec>
        <name>PALM BEACH CNTY FL SCH BRD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY</name>
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          <isin value="US646066K411"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <cusip>57584YSU4</cusip>
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          <isin value="US57584YSU46"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59272.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP</name>
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        <cusip>64461XEM3</cusip>
        <identifiers>
          <isin value="US64461XEM39"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240132.00000000</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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>TOBACCO SETTLEMENT FIN CORP NJ</name>
        <lei>N/A</lei>
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        <cusip>888808HA3</cusip>
        <identifiers>
          <isin value="US888808HA37"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23303.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PENNSYLVANIA ST HIGHER EDL REV</name>
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        <title>PA HEFA 5% 5/1/2025</title>
        <cusip>70917SXG3</cusip>
        <identifiers>
          <isin value="US70917SXG38"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235218.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MONROE CNTY PA HOSP AUTH REV</name>
        <lei>N/A</lei>
        <title>MONROE PA (POCONO MED CTR) 5% 7/1/25</title>
        <cusip>610773FY4</cusip>
        <identifiers>
          <isin value="US610773FY48"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58438.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>POWAY CA UNIFIED SCH DIST</name>
        <lei>N/A</lei>
        <title>POWAY CA USD 0% 8/1/2025</title>
        <cusip>738850QH2</cusip>
        <identifiers>
          <isin value="US738850QH25"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>82305.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
        <lei>N/A</lei>
        <title>MA DFA S-2 5% MT</title>
        <cusip>57584X7C9</cusip>
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          <isin value="US57584X7C98"/>
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        <balance>10000.00000000</balance>
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        <valUSD>11806.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>ATLANTA GA ARPT REV</name>
        <lei>N/A</lei>
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        <cusip>04780MVF3</cusip>
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          <isin value="US04780MVF30"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59301.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>PENNSYLVANIA ST HIGHER EDL REV</name>
        <lei>N/A</lei>
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        <cusip>70917SSU8</cusip>
        <identifiers>
          <isin value="US70917SSU86"/>
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        <balance>200000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
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        <name>ILLINOIS FIN AUTH RV</name>
        <lei>N/A</lei>
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        <cusip>45204EQZ4</cusip>
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          <isin value="US45204EQZ42"/>
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        <name>WILL CO IL CMNTY USD#365 U VY</name>
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        <cusip>969078SQ8</cusip>
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          <isin value="US969078SQ86"/>
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        <name>SEMINOLE CNTY FL SCH BRD CTFS</name>
        <lei>N/A</lei>
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          <isin value="US816692MR56"/>
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        <name>KNOX CNY TN HL E HSC FCS BD RV</name>
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          <isin value="US49952MDY93"/>
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        <name>MAINE HEALTH and HIGHER EDL FACS AUTH REV</name>
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          <isin value="US56042RFS67"/>
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        <balance>465000.00000000</balance>
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        <valUSD>523376.10000000</valUSD>
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        <invCountry>US</invCountry>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS ST SALES TAX REV</name>
        <lei>N/A</lei>
        <title>IL SALES TAX 5% 6/15/2025</title>
        <cusip>452227LT6</cusip>
        <identifiers>
          <isin value="US452227LT61"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>113050.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREATER ORLANDO AVIATION AUTH</name>
        <lei>N/A</lei>
        <title>GT ORLANDO FL ARPT 5% 10/1/25@</title>
        <cusip>392274V60</cusip>
        <identifiers>
          <isin value="US392274V604"/>
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        <balance>300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>357057.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DUBOIS PA HOSP AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>DUBOIS PA HSP 5% 7/15/2025</title>
        <cusip>263804AX4</cusip>
        <identifiers>
          <isin value="US263804AX45"/>
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        <balance>110000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>129626.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY HEALTH CARE</name>
        <lei>N/A</lei>
        <title>NJ HLTH CARE 5% 7/1/2025</title>
        <cusip>645790BN5</cusip>
        <identifiers>
          <isin value="US645790BN57"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>465228.00000000</valUSD>
        <pctVal>1.718703880092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CONNECTICUT ST HEALTH and EDL FACS AUTH REV</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>CT ST HLTH and REV 5% 07/01/25</title>
        <cusip>20774Y4D6</cusip>
        <identifiers>
          <isin value="US20774Y4D65"/>
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        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>324074.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PHOENIX AZ CVC IMP CRP APR REV</name>
        <lei>N/A</lei>
        <title>PHX CVC APT REV 5% 7/1/2025</title>
        <cusip>71883MLL6</cusip>
        <identifiers>
          <isin value="US71883MLL62"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>300165.00000000</valUSD>
        <pctVal>1.108907353314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOUSTON TX ARPT SYS REV</name>
        <lei>N/A</lei>
        <title>HOUSTON TX ARPT 5% 7/1/2025 @</title>
        <cusip>442349CA2</cusip>
        <identifiers>
          <isin value="US442349CA26"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>237206.00000000</valUSD>
        <pctVal>0.876316284877</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ST LOUIS MO ARPT REV</name>
        <lei>N/A</lei>
        <title>ST LOUIS MO AIR 5% 7/1/25@</title>
        <cusip>791638F53</cusip>
        <identifiers>
          <isin value="US791638F535"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>294917.50000000</valUSD>
        <pctVal>1.089521377812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SALT LAKE CITY UT ARPT REV</name>
        <lei>N/A</lei>
        <title>SLT LAKE U 5% 7/1/2025 @</title>
        <cusip>795576FJ1</cusip>
        <identifiers>
          <isin value="US795576FJ11"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35390.10000000</valUSD>
        <pctVal>0.130742565337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEHIGH CNTY PA GEN PURP AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>LEHIGH PA HSP 5% 7/1/2025</title>
        <cusip>52480GDH4</cusip>
        <identifiers>
          <isin value="US52480GDH48"/>
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        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>426344.40000000</valUSD>
        <pctVal>1.575055186995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MASSACHUSETTS ST PORT AUTH REV</name>
        <lei>N/A</lei>
        <title>MA PORT 5% 7/1/2025@</title>
        <cusip>575896SA4</cusip>
        <identifiers>
          <isin value="US575896SA48"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>592145.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW ORLEANS LA AVIATION BOARD</name>
        <lei>N/A</lei>
        <title>N ORLEANS AVIAT 5% 1/1/2025@</title>
        <cusip>64763HGU3</cusip>
        <identifiers>
          <isin value="US64763HGU32"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115976.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS FIN AUTH RV</name>
        <lei>N/A</lei>
        <title>ILLINOIS FIN AT 5% 7/15/2025</title>
        <cusip>45204EZM3</cusip>
        <identifiers>
          <isin value="US45204EZM38"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>238604.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENDALL KNE and WILL CO IL USD 308</name>
        <lei>N/A</lei>
        <title>KENDALL K and W IL/AGM 0% 02/01/2025</title>
        <cusip>488764SY8</cusip>
        <identifiers>
          <isin value="US488764SY86"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>167985.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONONDAGA N Y CIVIC DEV CORP</name>
        <lei>N/A</lei>
        <title>ONONDAGA NY CDC (LE MOYNE COLLEGE) 5% 7/1/25</title>
        <cusip>682832CP3</cusip>
        <identifiers>
          <isin value="US682832CP32"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116933.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WASHINGTON DC MET AREA TRAN AU</name>
        <lei>N/A</lei>
        <title>DC MET TRAN 5% 7/1/2025</title>
        <cusip>938782FE4</cusip>
        <identifiers>
          <isin value="US938782FE46"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>299575.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTH MIAMI FL HLTH FCS HSP RV</name>
        <lei>N/A</lei>
        <title>SOUTH MIAMI FL 5% 8/15/25</title>
        <cusip>838810DN6</cusip>
        <identifiers>
          <isin value="US838810DN60"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>238984.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DALLAS CNTY TX</name>
        <lei>N/A</lei>
        <title>DALLAS CNTY TX 5% 8/15/25</title>
        <cusip>234650MZ9</cusip>
        <identifiers>
          <isin value="US234650MZ94"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AKRON BATH COPLEY HSP DIST OH</name>
        <lei>N/A</lei>
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        <cusip>009730NM0</cusip>
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          <isin value="US009730NM07"/>
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        <curCd>USD</curCd>
        <valUSD>178483.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TAMPA FL HOSP REV</name>
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        <cusip>875161BX8</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WISCONSIN ST HEALTH and EDL FACS AUTH REV</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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        <cusip>97712DYB6</cusip>
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          <isin value="US97712DYB62"/>
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      <invstOrSec>
        <name>MAINE HLTH and HI ED FACS AU REV</name>
        <lei>N/A</lei>
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        <cusip>560427VT0</cusip>
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          <isin value="US560427VT00"/>
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        <balance>265000.00000000</balance>
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        <valUSD>290914.35000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FIDELITY REVERE STREET TRUST</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Municipal Cash Central Fund</title>
        <cusip>31635A204</cusip>
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          <isin value="US31635A2042"/>
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        <curCd>USD</curCd>
        <valUSD>207000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONTGOMERY ALA MED CLINIC BRD HEALTH CARE FAC REV</name>
        <lei>N/A</lei>
        <title>MONTGMRY AL MED 5% 3/1/2025</title>
        <cusip>613058CS3</cusip>
        <identifiers>
          <isin value="US613058CS31"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>112423.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNSYLVANIA ST CTFS PARTN</name>
        <lei>N/A</lei>
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        <cusip>709144NJ4</cusip>
        <identifiers>
          <isin value="US709144NJ49"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>235934.00000000</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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PHOENIX AZ CVC IMP CRP APR REV</name>
        <lei>N/A</lei>
        <title>PHX CVC APT REV 5% 7/1/2025 @</title>
        <cusip>71883MKR4</cusip>
        <identifiers>
          <isin value="US71883MKR42"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>296507.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MASSACHUSETTS ST DEV FIN AGY REV</name>
        <lei>N/A</lei>
        <title>MA DFA(CAREGRP, MA) 5% 7/1/25</title>
        <cusip>57584XDQ1</cusip>
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          <isin value="US57584XDQ16"/>
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        <balance>150000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>OHIO ST HIGHER EDL FAC COMMN</name>
        <lei>N/A</lei>
        <title>OH HI ED COM 5% 5/1/2025</title>
        <cusip>67756DDG8</cusip>
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          <isin value="US67756DDG88"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>LANCASTER PORT AUTH OH GAS REV</name>
        <lei>N/A</lei>
        <title>LANCASTER PORT 5% 2/1/2025</title>
        <cusip>514401AZ1</cusip>
        <identifiers>
          <isin value="US514401AZ12"/>
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        <balance>200000.00000000</balance>
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        <name>GRUNDY and WILL CNTYS ILL CMNTY UNIT SCH DIST NO 001</name>
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          <isin value="US400208FG41"/>
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        <name>LAKELAND FL HOSP SYS REV</name>
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        <cusip>511665JY8</cusip>
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          <isin value="US511665JY86"/>
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        <name>INDIAN RVR CO FL SCH BRD CTFS PARTN</name>
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          <isin value="US45441RCM25"/>
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        <name>OHIO ST HIGHER EDL FAC COMMN</name>
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        <cusip>67756DNP7</cusip>
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          <isin value="US67756DNP77"/>
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        <balance>200000.00000000</balance>
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        <name>CALIFORNIA MUN FIN AUTH REV</name>
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          <isin value="US13048T3X94"/>
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        <name>CONNECTICUT ST</name>
        <lei>N/A</lei>
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          <isin value="US20772J2P68"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA ST FIN AUTH REV</name>
        <lei>N/A</lei>
        <title>IN FIN REV 5% 9/1/25</title>
        <cusip>45506DZY4</cusip>
        <identifiers>
          <isin value="US45506DZY48"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29786.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>SAN DIEGO ARPT 5% 7/1/2025@</title>
        <cusip>79739GFZ4</cusip>
        <identifiers>
          <isin value="US79739GFZ46"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>177904.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCKVILLE MD MAYOR and COUNCIL ECONOMIC DEV REV</name>
        <lei>N/A</lei>
        <title>ROCKVILLE MD MA 2.50% 11/1/2024</title>
        <cusip>774223CA7</cusip>
        <identifiers>
          <isin value="US774223CA72"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250067.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDIANA FIN AUTH HEALTH SYS REV</name>
        <lei>N/A</lei>
        <title>IN FIN HSR 2.25% 12/1/2058</title>
        <cusip>45470YEX5</cusip>
        <identifiers>
          <isin value="US45470YEX58"/>
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        <balance>55000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56974.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>NJ ST EDU AUT 5% 7/1/2025</title>
        <cusip>646066WR7</cusip>
        <identifiers>
          <isin value="US646066WR79"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17634.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MARYLAND ST HLTH and HI ED FACS</name>
        <lei>N/A</lei>
        <title>MD HEFA 5% 7/1/2025</title>
        <cusip>5742183T8</cusip>
        <identifiers>
          <isin value="US5742183T89"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178167.00000000</valUSD>
        <pctVal>0.658206974224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>METROPOLITAN WASH DC ARPTS ATH</name>
        <lei>N/A</lei>
        <title>MTRO WA DC ARPT 5% 10/1/25@</title>
        <cusip>592647HE4</cusip>
        <identifiers>
          <isin value="US592647HE44"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>349524.00000000</valUSD>
        <pctVal>1.291255588626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
        <lei>N/A</lei>
        <title>MASS DEVEL FIN 5% 4/1/25</title>
        <cusip>57584YCR8</cusip>
        <identifiers>
          <isin value="US57584YCR80"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>289060.00000000</valUSD>
        <pctVal>1.067881863472</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON TWP CA HEALTH CARE DIST REV</name>
        <lei>N/A</lei>
        <title>WA TWP CA HC 5% 7/1/25</title>
        <cusip>940204EN6</cusip>
        <identifiers>
          <isin value="US940204EN67"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>294195.00000000</valUSD>
        <pctVal>1.086852227303</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CONNECTICUT ST HEALTH and EDL FACS AUTH REV</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>CT ST HLTH and REV 5% 7/1/2025</title>
        <cusip>20774Y5U7</cusip>
        <identifiers>
          <isin value="US20774Y5U71"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231368.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP</name>
        <lei>549300CNCK7OT82W5653</lei>
        <title>NEW HAMPSHIRE A-1 5% 08/01/25</title>
        <cusip>64461XFD2</cusip>
        <identifiers>
          <isin value="US64461XFD21"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>59274.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WARREN MI CSD</name>
        <lei>N/A</lei>
        <title>WARREN MI CSD 4% 5/1/2025</title>
        <cusip>935341G92</cusip>
        <identifiers>
          <isin value="US935341G929"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>280060.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DELAWARE CNTY PA AUTH REV</name>
        <lei>N/A</lei>
        <title>DELAWARE CTY PA (CABRINI UNIVERSITY) 5% 7/1/25</title>
        <cusip>245913MD7</cusip>
        <identifiers>
          <isin value="US245913MD73"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>141541.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW JERSEY HEALTH CARE</name>
        <lei>N/A</lei>
        <title>NJ HLTH CARE 5% 7/1/2025</title>
        <cusip>64579F8A4</cusip>
        <identifiers>
          <isin value="US64579F8A48"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119420.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONONDAGA N Y CIVIC DEV CORP</name>
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        <title>ONONDAGA NY CDC 5% 1/1/2025</title>
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          <isin value="US682832ED83"/>
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        <curCd>USD</curCd>
        <valUSD>17334.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Laura M. Del Prato</ncom:nameOfApplicant>
      <ncom:signature>Laura M. Del Prato</ncom:signature>
      <ncom:signerName>Laura M. Del Prato</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
