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      <invstOrSec>
        <name>PHOENIX AZ INDL DEV AUTH LEASE REVENUES AUTH</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHOENIX-MESA GATEWAY ARPT AUTH ARIZ SPL FAC REV</name>
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        <cusip>71910EAM1</cusip>
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          <isin value="US71910EAM12"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SALT VERDE FINL CORP GAS REV AZ</name>
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          <isin value="US79575EAQ17"/>
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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>SALT VERDE FINL CORP GAS REV AZ</name>
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          <isin value="US79575EAS72"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CHANDLER ARIZ EXCISE TAX REV</name>
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          <isin value="US158855DA15"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CENTRAL ARIZ WTR CONSV DIST WTR DELIVERY O and M REV</name>
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        <cusip>15240AAV7</cusip>
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          <isin value="US15240AAV70"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MESA AZ UTIL SYS REV</name>
        <lei>N/A</lei>
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        <cusip>590545XC8</cusip>
        <identifiers>
          <isin value="US590545XC84"/>
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        <valUSD>91456.15000000</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>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>TEMPE AZ EXCISE TAX REV</name>
        <lei>N/A</lei>
        <title>TEMPE AZ EX TAX 5% 7/1/28</title>
        <cusip>87971HKC7</cusip>
        <identifiers>
          <isin value="US87971HKC78"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>TEMPE AZ EXCISE TAX REV</name>
        <lei>N/A</lei>
        <title>TEMPE AZ EX TAX 5% 7/1/29</title>
        <cusip>87971HKD5</cusip>
        <identifiers>
          <isin value="US87971HKD51"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>504851.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>TEMPE AZ EXCISE TAX REV</name>
        <lei>N/A</lei>
        <title>TEMPE AZ EX TAX 5% 7/1/30</title>
        <cusip>87971HKE3</cusip>
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          <isin value="US87971HKE35"/>
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        <name>TEMPE AZ EXCISE TAX REV</name>
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        <cusip>87971HKG8</cusip>
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          <isin value="US87971HKG82"/>
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        <name>MCALLISTER ACADEMIC VLG AZ LLC</name>
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        <name>MCALLISTER ACADEMIC VLG AZ LLC</name>
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          <isin value="US579173CN39"/>
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        <name>GOODYEAR ARIZ</name>
        <lei>N/A</lei>
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          <isin value="US382505KK06"/>
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      <invstOrSec>
        <name>YAVAPAI CNTY AZ INDL DEV AUTH HOSP REV</name>
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        <cusip>985900EE5</cusip>
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          <isin value="US985900EE52"/>
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        <name>PHOENIX AZ CVC IMP COR WSTWTR</name>
        <lei>N/A</lei>
        <title>PHX CVC SWR 5% 7/1/33</title>
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          <isin value="US71883PKR72"/>
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      <invstOrSec>
        <name>SCOTTSDALE</name>
        <lei>N/A</lei>
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        <cusip>810454AQ1</cusip>
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          <isin value="US810454AQ11"/>
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        <balance>400000.00000000</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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      </invstOrSec>
      <invstOrSec>
        <name>MESA AZ UTIL SYS REV</name>
        <lei>N/A</lei>
        <title>MESA AZ UTIL 3.25% 7/1/2040</title>
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          <isin value="US590545YS28"/>
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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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MESA AZ UTIL SYS REV</name>
        <lei>N/A</lei>
        <title>MESA AZ UTIL 3.25% 7/1/2041</title>
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          <isin value="US590545YT01"/>
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        <curCd>USD</curCd>
        <valUSD>834743.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA ST TRANSN BRD</name>
        <lei>N/A</lei>
        <title>AZ ST GARVEE 5% 7/1/2031</title>
        <cusip>040647EQ8</cusip>
        <identifiers>
          <isin value="US040647EQ84"/>
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        <curCd>USD</curCd>
        <valUSD>399583.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</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>
      <invstOrSec>
        <name>PHOENIX AZ CVC IMP CRP APR REV</name>
        <lei>N/A</lei>
        <title>PHX CVC APT REV 5% 7/1/2033 @</title>
        <cusip>71883MKZ6</cusip>
        <identifiers>
          <isin value="US71883MKZ67"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25728.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PHOENIX AZ CVC IMP CRP APR REV</name>
        <lei>N/A</lei>
        <title>PHX CVC APT REV 5% 7/1/2035 @</title>
        <cusip>71883MLB8</cusip>
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          <isin value="US71883MLB80"/>
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        <balance>2425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2490034.14000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SCOTTSDALE AZ USD #48</name>
        <lei>N/A</lei>
        <title>MARICOPA USD 48 5% 7/1/2033</title>
        <cusip>567288UB9</cusip>
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          <isin value="US567288UB95"/>
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        <curCd>USD</curCd>
        <valUSD>3123550.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>PHOENIX AZ CVC IMP CRP APR REV</name>
        <lei>N/A</lei>
        <title>PHX CVC APT REV 5% 7/1/2031</title>
        <cusip>71883MMQ4</cusip>
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          <isin value="US71883MMQ41"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2071826.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TOLLESON AZ UHSD #214</name>
        <lei>N/A</lei>
        <title>MARICOPA AZ SD4 5% 7/1/2031</title>
        <cusip>567527SL1</cusip>
        <identifiers>
          <isin value="US567527SL15"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>363304.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>PHOENIX AZ INDL DEV AUTH STUDENT HSG REV</name>
        <lei>N/A</lei>
        <title>PHOENIX IDA STU 5% 07/01/42</title>
        <cusip>71885DDH2</cusip>
        <identifiers>
          <isin value="US71885DDH26"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1509614.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>GLENDALE ARIZ INDL DEV AUTH REV</name>
        <lei>N/A</lei>
        <title>GLENDL AZ IDA 4% 7/1/28</title>
        <cusip>378286JQ2</cusip>
        <identifiers>
          <isin value="US378286JQ22"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165740.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>GLENDALE ARIZ INDL DEV AUTH REV</name>
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        <cusip>378286JR0</cusip>
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          <isin value="US378286JR05"/>
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        <balance>435000.00000000</balance>
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        <valUSD>441145.98000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
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      <invstOrSec>
        <name>MARICOPA CNTY ARIZ SPL HEALTH CARE DIST</name>
        <lei>N/A</lei>
        <title>MARICOPA CN HLT 5% 7/1/2036</title>
        <cusip>56756TAS3</cusip>
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          <isin value="US56756TAS33"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1052977.90000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV</name>
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        <title>MARICOPA C 5% 9/1/2033</title>
        <cusip>56678PAL1</cusip>
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          <isin value="US56678PAL13"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV</name>
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          <isin value="US56678PAM95"/>
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          <maturityDt>2034-09-01</maturityDt>
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        <name>MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV</name>
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        <name>MARICOPA CNTY AZ SCH DIST #28 KYRENE ELEM</name>
        <lei>N/A</lei>
        <title>KYRENE AZ SD 28 5% 7/1/2037</title>
        <cusip>567137P99</cusip>
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          <isin value="US567137P992"/>
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      <invstOrSec>
        <name>ARIZONA ST UNIV REVS</name>
        <lei>N/A</lei>
        <title>AZ ST UNIV 5% 7/1/2040</title>
        <cusip>0406636M3</cusip>
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          <isin value="US0406636M37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MESA AZ UTIL SYS REV</name>
        <lei>N/A</lei>
        <title>MESA UTILITY SER A 5% 7/1/2043</title>
        <cusip>590545J42</cusip>
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          <isin value="US590545J420"/>
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        <balance>2015000.00000000</balance>
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        <name>ARIZONA INDL DEV AUTH HOSP REV</name>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH HOSP REV</name>
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          <isin value="US04052EAA64"/>
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      <invstOrSec>
        <name>PHOENIX UHSD #210</name>
        <lei>N/A</lei>
        <title>PHOENIX UHSD #2 5% 7/1/2032</title>
        <cusip>567505QP0</cusip>
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          <isin value="US567505QP01"/>
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      <invstOrSec>
        <name>PHOENIX UHSD #210</name>
        <lei>N/A</lei>
        <title>PHOENIX UHSD #2 5% 7/1/2034</title>
        <cusip>567505QR6</cusip>
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          <isin value="US567505QR66"/>
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        <valUSD>619840.44000000</valUSD>
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      </invstOrSec>
      <invstOrSec>
        <name>YAVAPAI CNTY AZ INDL DEV AUTH HOSP REV</name>
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        <title>YAVAPAI AZ IDA 4% 8/1/2043</title>
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          <isin value="US985900ET22"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SALT RIVER PROJ AZ AGRIC and PWR</name>
        <lei>N/A</lei>
        <title>SALT RIVER AZ 5% 1/1/2035</title>
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          <isin value="US79574CDV28"/>
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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>SALT RIVER PROJ AZ AGRIC and PWR</name>
        <lei>N/A</lei>
        <title>SALT RIVER AZ 5% 1/1/2037</title>
        <cusip>79574CDX8</cusip>
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          <isin value="US79574CDX83"/>
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        <balance>880000.00000000</balance>
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        <valUSD>954755.03000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>PHOENIX CIVIC IMPROVEMENT CORP</name>
        <lei>N/A</lei>
        <title>PHOENIX CIVIC I 5% 7/1/2029</title>
        <cusip>718846AQ1</cusip>
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          <isin value="US718846AQ13"/>
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        <balance>185000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>PHOENIX CIVIC IMPROVEMENT CORP</name>
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        <cusip>718846AW8</cusip>
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          <isin value="US718846AW80"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHOENIX AZ CVC IMP CRP APR REV</name>
        <lei>N/A</lei>
        <title>PHX CVC APT REV 4% 7/1/2037 @</title>
        <cusip>71883MPV0</cusip>
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          <isin value="US71883MPV09"/>
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          <couponKind>Fixed</couponKind>
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        <name>PHOENIX AZ CVC IMP CRP APR REV</name>
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          <isin value="US71883MPR96"/>
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          <maturityDt>2033-07-01</maturityDt>
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        <name>PHOENIX AZ INDL DEV AUTH STUDENT HSG REV</name>
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          <isin value="US71885DEA63"/>
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      <invstOrSec>
        <name>NORTHERN AZ UNIV REVS</name>
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        <name>UNIVERSITY AZ UNIV REVS</name>
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          <isin value="US040484XF98"/>
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        <name>ARIZONA ST UNIV REVS</name>
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        <name>ARIZONA ST UNIV REVS</name>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH HOSP REV</name>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>ARIZONA INDL DL 3% 2/1/2045</title>
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          <isin value="US04052EAX67"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>ARIZONA INDL DL 4% 2/1/2050</title>
        <cusip>04052EAY4</cusip>
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          <isin value="US04052EAY41"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ARIZONA INDL DA 4% 9/1/2035</title>
        <cusip>04052HBA8</cusip>
        <identifiers>
          <isin value="US04052HBA86"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ARIZONA INDL DA 4% 9/1/2036</title>
        <cusip>04052HBB6</cusip>
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          <isin value="US04052HBB69"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ARIZONA INDL DEV AUTH LEASE REV</name>
        <lei>N/A</lei>
        <title>ARIZONA INDL DA 4% 9/1/2046</title>
        <cusip>04052HBG5</cusip>
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          <isin value="US04052HBG56"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MARICOPA CNTY AZ IDA REV</name>
        <lei>N/A</lei>
        <title>MARICOPA IDA 4% 1/1/2045</title>
        <cusip>56682HDA4</cusip>
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          <isin value="US56682HDA41"/>
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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>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARICOPA CNTY AZ IDA REV</name>
        <lei>N/A</lei>
        <title>MARICOPA IDA(BANNER HLTH SYS) 3% 1/1/49</title>
        <cusip>56682HCZ0</cusip>
        <identifiers>
          <isin value="US56682HCZ01"/>
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        <curCd>USD</curCd>
        <valUSD>2270907.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARADISE VLY USD AZ #69</name>
        <lei>N/A</lei>
        <title>PARADISE VLY SD 3% 7/1/2034</title>
        <cusip>567373J71</cusip>
        <identifiers>
          <isin value="US567373J715"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266155.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>GLENDALE ARIZ INDL DEV AUTH SR LIVING FACS REV</name>
        <lei>N/A</lei>
        <title>GLENDALE AZ ID 5% 5/15/2056</title>
        <cusip>378287BA3</cusip>
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          <isin value="US378287BA35"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>873207.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>GLENDALE AZ UN HI SCH DST 205</name>
        <lei>N/A</lei>
        <title>GLENDALE AZ SD 4% 7/1/2038</title>
        <cusip>378334PD2</cusip>
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          <isin value="US378334PD21"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <name>GLENDALE AZ UN HI SCH DST 205</name>
        <lei>N/A</lei>
        <title>GLENDALE AZ SD 4% 7/1/2039</title>
        <cusip>378334PE0</cusip>
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          <isin value="US378334PE04"/>
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        <balance>1000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>MARICOPA C 4% 9/1/2051</title>
        <cusip>56678PBM8</cusip>
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          <isin value="US56678PBM86"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV</name>
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          <isin value="US56678PBL04"/>
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      <invstOrSec>
        <name>SCOTTSDALE AZ USD #48</name>
        <lei>N/A</lei>
        <title>SCOTTSDALE AZ U 4% 7/1/2034</title>
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          <isin value="US567288VS12"/>
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        <name>MARICOPA CNTY AZ CHANDLER UNIFIED SCHOOL DISTRICT#80</name>
        <lei>N/A</lei>
        <title>CHANDLER USD#80 3% 7/1/2038</title>
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          <isin value="US567389ZC89"/>
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      <invstOrSec>
        <name>MESA AZ UTIL SYS REV</name>
        <lei>N/A</lei>
        <title>MESA AZ UTIL 4% 7/1/2035</title>
        <cusip>590545T90</cusip>
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          <isin value="US590545T908"/>
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        <balance>1000000.00000000</balance>
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      <invstOrSec>
        <name>PIMA CNTY AZ INDL DEV AUTH REV</name>
        <lei>N/A</lei>
        <title>PIMA AZ IDA 4% 4/1/2037</title>
        <cusip>721901KR6</cusip>
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          <isin value="US721901KR65"/>
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        <balance>415000.00000000</balance>
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        <valUSD>423022.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>PIMA CNTY AZ INDL DEV AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>721901KW5</cusip>
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          <isin value="US721901KW50"/>
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        <curCd>USD</curCd>
        <valUSD>2659891.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>BULLHEAD CITY ARIZ EXCISE TAXES REV</name>
        <lei>N/A</lei>
        <title>BULLHEAD CITY 2.30% 7/1/2041</title>
        <cusip>12022MBA7</cusip>
        <identifiers>
          <isin value="US12022MBA71"/>
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        <curCd>USD</curCd>
        <valUSD>814715.60000000</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>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02300000</annualizedRt>
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      <invstOrSec>
        <name>BULLHEAD CITY ARIZ EXCISE TAXES REV</name>
        <lei>N/A</lei>
        <title>BULLHEAD CITY 2.55% 7/1/2046</title>
        <cusip>12022MBB5</cusip>
        <identifiers>
          <isin value="US12022MBB54"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2195152.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02550000</annualizedRt>
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      <invstOrSec>
        <name>TEMPE AZ INDL DEV AUTH REV</name>
        <lei>N/A</lei>
        <title>TEMPE IDA 4% 12/1/2046</title>
        <cusip>87972MBS0</cusip>
        <identifiers>
          <isin value="US87972MBS08"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>881536.40000000</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>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
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        <title>PR AFICA HOSP 5% 7/1/2027</title>
        <cusip>74527EFH6</cusip>
        <identifiers>
          <isin value="US74527EFH62"/>
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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>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>PR AFICA HOSP 5% 7/1/2032</title>
        <cusip>74527EFN3</cusip>
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          <isin value="US74527EFN31"/>
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        <valUSD>102959.19000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>PR AFICA HOSP 4% 7/1/2041</title>
        <cusip>74527EFX1</cusip>
        <identifiers>
          <isin value="US74527EFX13"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46683.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>PARADISE VLY USD AZ #69</name>
        <lei>N/A</lei>
        <title>PARADISE VLY SD 5% 7/1/2031</title>
        <cusip>567373P82</cusip>
        <identifiers>
          <isin value="US567373P829"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119845.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PR ST 5.625% 7/1/2029</title>
        <cusip>74514L3H8</cusip>
        <identifiers>
          <isin value="US74514L3H80"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160221.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05625000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PR ST 5.75% 7/1/2031</title>
        <cusip>74514L3J4</cusip>
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          <isin value="US74514L3J47"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>405373.02000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PR ST 0% 7/1/2033</title>
        <cusip>74514L3R6</cusip>
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          <isin value="US74514L3R62"/>
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        <balance>435874.00000000</balance>
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        <valUSD>322233.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>APACHE CNTY ARIZ UNI SCH DISTNO 8 WINDOW ROCK IMPACT AID REV</name>
        <lei>N/A</lei>
        <title>APACH AZ 03745T 5% 7/1/2035</title>
        <cusip>03745TBH2</cusip>
        <identifiers>
          <isin value="US03745TBH23"/>
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        <balance>500000.00000000</balance>
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        <valUSD>558636.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>APACHE CNTY ARIZ UNI SCH DISTNO 8 WINDOW ROCK IMPACT AID REV</name>
        <lei>N/A</lei>
        <title>APACH AZ 03745T 5% 7/1/2036</title>
        <cusip>03745TBJ8</cusip>
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          <isin value="US03745TBJ88"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHANDLER AZ INDL DEVE AUTH IDR</name>
        <lei>N/A</lei>
        <title>CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@</title>
        <cusip>158862CB6</cusip>
        <identifiers>
          <isin value="US158862CB65"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3063609.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALT RIVER PROJ AZ AGRIC and PWR</name>
        <lei>N/A</lei>
        <title>SALT RIVER AZ 5% 1/1/2047</title>
        <cusip>79574CFL2</cusip>
        <identifiers>
          <isin value="US79574CFL28"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312876.88000000</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>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PHOENIX AZ CVC IMP CRP APR REV</name>
        <lei>N/A</lei>
        <title>PHX CVC APT REV 5% 7/1/2030 @</title>
        <cusip>71883MQN7</cusip>
        <identifiers>
          <isin value="US71883MQN73"/>
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        <balance>2000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SALT RIVER PROJ AZ AGRIC and PWR</name>
        <lei>N/A</lei>
        <title>SALT RIVER AZ 5.25% 1/1/53</title>
        <cusip>79574CFR9</cusip>
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          <isin value="US79574CFR97"/>
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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>2053-01-01</maturityDt>
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          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PIMA CNTY AZ USD NO 1 TUCSON</name>
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          <isin value="US721799J623"/>
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        <name>PIMA CNTY AZ USD NO 1 TUCSON</name>
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          <isin value="US721799J706"/>
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      <invstOrSec>
        <name>GLENDALE AZ USD #40</name>
        <lei>N/A</lei>
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        <cusip>567201PS1</cusip>
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          <isin value="US567201PS14"/>
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      <invstOrSec>
        <name>STUDENT and ACADEMIC SVCS LLC ARIZ LEASE REV</name>
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          <isin value="US86386TBK43"/>
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      <invstOrSec>
        <name>YUMA AZ INDL DEV AUTH HOSP REV</name>
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          <isin value="US988514DA00"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SALT RIVER PROJ AZ AGRIC and PWR</name>
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        <title>SALT RIVER AZ 5% 1/1/2049</title>
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          <isin value="US79574CGJ62"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MARICOPA CNTY AZ SCH DIST #3 TEMPE ELEM</name>
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        <title>MARICOPA AZ SD3 5% 7/1/2039</title>
        <cusip>566880YF1</cusip>
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          <isin value="US566880YF18"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MARICOPA CNTY AZ SD NO 1 PH EL</name>
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          <isin value="US566865LR00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>GLENDALE AZ UN HI SCH DST 205</name>
        <lei>N/A</lei>
        <title>GLENDALE AZ SD 5% 7/1/2035</title>
        <cusip>378334QK5</cusip>
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          <isin value="US378334QK54"/>
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        <name>QUEEN CREEK AZ EXCISE TAX and ST SHARED REV</name>
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        <title>QUEEN CRK AZ 5% 8/1/2030</title>
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          <isin value="US74823YGT64"/>
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        <name>QUEEN CREEK AZ EXCISE TAX and ST SHARED REV</name>
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          <isin value="US74823YGU38"/>
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        <name>QUEEN CREEK AZ EXCISE TAX and ST SHARED REV</name>
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        <name>QUEEN CREEK AZ EXCISE TAX and ST SHARED REV</name>
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        <name>QUEEN CREEK AZ EXCISE TAX and ST SHARED REV</name>
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        <name>PARADISE VLY USD AZ #69</name>
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        <title>PARADISE VLY SD 5% 7/1/2036</title>
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          <isin value="US567373S898"/>
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        <name>GOODYEAR ARIZ WTR and SWR REV</name>
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          <isin value="US382900FX17"/>
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      <invstOrSec>
        <name>TOLLESON AZ UHSD #214</name>
        <lei>N/A</lei>
        <title>TOLLESON AZ UHS 5% 7/1/2041</title>
        <cusip>567527WV4</cusip>
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        <name>PINAL CNTY AZ UNI SCH DIST NO 20 MARICOPA</name>
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        <name>PINAL CNTY AZ UNI SCH DIST NO 20 MARICOPA</name>
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        <name>GLENDALE ARIZ SR EXCISE TAX REV</name>
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        <name>PHOENIX AZ INDL REV AUTH MFH</name>
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        <name>GUAM GOVT WTRWKS AUTH WTR and WST</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>GUAM GOVT BUSINESS PRIVILEGE TAX REV</name>
        <lei>N/A</lei>
        <title>GUAM GOVT BUS 5% 1/1/2032</title>
        <cusip>40065NCY1</cusip>
        <identifiers>
          <isin value="US40065NCY13"/>
        </identifiers>
        <balance>630000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>698842.49000000</valUSD>
        <pctVal>0.554738706831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>ARIZONA ST UNIV REVS</name>
        <lei>N/A</lei>
        <title>AZ ST UNIV 5% 7/1/2042</title>
        <cusip>040664NS9</cusip>
        <identifiers>
          <isin value="US040664NS97"/>
        </identifiers>
        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>422791.46000000</valUSD>
        <pctVal>0.335610371630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL 2.76% MT</title>
        <cusip>04062PDH1</cusip>
        <identifiers>
          <isin value="US04062PDH10"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000571.20000000</valUSD>
        <pctVal>0.794249893965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02760000</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>SALT RIVER PROJ AZ AGRIC and PWR</name>
        <lei>N/A</lei>
        <title>SALT RIVER AZ 5.25% 1/1/2055</title>
        <cusip>79574CHJ5</cusip>
        <identifiers>
          <isin value="US79574CHJ53"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3227991.60000000</valUSD>
        <pctVal>2.562368361212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</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>GLENDALE ARIZ INDL DEV AUTH REV</name>
        <lei>N/A</lei>
        <title>GLENDL AZ IDA 5% 5/15/2037</title>
        <cusip>378286LS5</cusip>
        <identifiers>
          <isin value="US378286LS59"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2294444.40000000</valUSD>
        <pctVal>1.821321882349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>QUEEN CREEK AZ COPS</name>
        <lei>N/A</lei>
        <title>TOWN OF QUEEN C 5% 10/1/2051</title>
        <cusip>74823NAQ2</cusip>
        <identifiers>
          <isin value="US74823NAQ25"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1048355.50000000</valUSD>
        <pctVal>0.832180902981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>WESTERN MARICOPA ED CTR DIST NO 402 MARICOPA CNTY ARIZ</name>
        <lei>N/A</lei>
        <title>WESTERN MARICOP 5% 7/1/2042</title>
        <cusip>95855RDV5</cusip>
        <identifiers>
          <isin value="US95855RDV50"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1125045.30000000</valUSD>
        <pctVal>0.893056996074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-30</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>
