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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND 5% 11/15/2034</title>
        <cusip>594698RC8</cusip>
        <identifiers>
          <isin value="US594698RC89"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>471239.27000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</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>KENTWOOD MICH ECONOMIC DEV</name>
        <lei>N/A</lei>
        <title>KENTWOOD MI ECO 4% 11/15/2045</title>
        <cusip>491740EZ5</cusip>
        <identifiers>
          <isin value="US491740EZ50"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>424420.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
        <lei>N/A</lei>
        <title>GERALD R FORD I 5% 1/1/2038 @</title>
        <cusip>373695AU9</cusip>
        <identifiers>
          <isin value="US373695AU96"/>
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        <balance>1170000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1261390.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</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>
      <invstOrSec>
        <name>SAGINAW MI HOSP FIN AUTH HOSP</name>
        <lei>N/A</lei>
        <title>SAGINAW HOSP 4% 7/1/2039</title>
        <cusip>786744JE3</cusip>
        <identifiers>
          <isin value="US786744JE34"/>
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        <balance>1430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1441588.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 4% 6/1/2035</title>
        <cusip>59447TK93</cusip>
        <identifiers>
          <isin value="US59447TK937"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2037142.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID WTR 5% 1/1/33</title>
        <cusip>386316NA7</cusip>
        <identifiers>
          <isin value="US386316NA70"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>550253.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</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>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN 3.75% MT</title>
        <cusip>594654GD1</cusip>
        <identifiers>
          <isin value="US594654GD18"/>
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        <balance>1185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1187278.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
        <lei>N/A</lei>
        <title>GERALD R FORD I 5% 1/1/2046 @</title>
        <cusip>373695AY1</cusip>
        <identifiers>
          <isin value="US373695AY19"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2046644.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2040</title>
        <cusip>084482EB0</cusip>
        <identifiers>
          <isin value="US084482EB04"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>347851.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DETROIT MI</name>
        <lei>N/A</lei>
        <title>DETROIT MI 5% 4/1/2037</title>
        <cusip>2510934Y3</cusip>
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          <isin value="US2510934Y39"/>
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        <balance>1875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1990096.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT(MI-WL 12/17/87) 3% 6/1/52</title>
        <cusip>594654NX9</cusip>
        <identifiers>
          <isin value="US594654NX98"/>
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        <balance>1900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1871660.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.50% 12/1/2050</title>
        <cusip>944514S66</cusip>
        <identifiers>
          <isin value="US944514S669"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2172409.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
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          <annualizedRt>0.05500000</annualizedRt>
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      <invstOrSec>
        <name>DETROIT MI SEW DISP REV</name>
        <lei>N/A</lei>
        <title>DETROIT MI SWR/AGC/FGIC 5.5% 7/1/29</title>
        <cusip>2512373S0</cusip>
        <identifiers>
          <isin value="US2512373S07"/>
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        <valUSD>21019.51000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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      <invstOrSec>
        <name>GRANDVILLE MICH PUB SCHS DIST</name>
        <lei>N/A</lei>
        <title>GRANDVILLE MICH 4% 5/1/2039</title>
        <cusip>386892RP0</cusip>
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          <isin value="US386892RP06"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1013935.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MI FIN AUTH LTD 4% 2/1/2032</title>
        <cusip>594479HN0</cusip>
        <identifiers>
          <isin value="US594479HN00"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>282584.54000000</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>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>GRAND TRAVERSE CNTY MI HOSP</name>
        <lei>N/A</lei>
        <title>GRAND TRAV HOSP 3% 7/1/2051</title>
        <cusip>386523JJ4</cusip>
        <identifiers>
          <isin value="US386523JJ43"/>
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        <balance>2440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1729328.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2040</title>
        <cusip>084482DD7</cusip>
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          <isin value="US084482DD78"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>391115.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU(BEAUMONT-SPECTR) 4% 4/15/42</title>
        <cusip>59447T3V3</cusip>
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          <isin value="US59447T3V38"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>1985530.40000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 3% 12/1/2049</title>
        <cusip>59447TXJ7</cusip>
        <identifiers>
          <isin value="US59447TXJ77"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1431515.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID WTR 5% 1/1/32</title>
        <cusip>386316MZ3</cusip>
        <identifiers>
          <isin value="US386316MZ31"/>
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        <balance>320000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320147.42000000</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>2032-01-01</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>DOWNRIVER UTIL WASTEWATER AUTHMICH SWR SYS REV</name>
        <lei>N/A</lei>
        <title>DOWNRIVER UTIL 5% 4/1/2034</title>
        <cusip>26111PAP0</cusip>
        <identifiers>
          <isin value="US26111PAP09"/>
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        <balance>520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>545171.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</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>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 12/1/2030</title>
        <cusip>59447TQJ5</cusip>
        <identifiers>
          <isin value="US59447TQJ50"/>
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        <balance>710000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>742376.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>BIRMINGHAM CIY SCHOOL DISTRICT/MI</name>
        <lei>N/A</lei>
        <title>BIRMINGHAM CIY 5% 5/1/2033</title>
        <cusip>091212JB7</cusip>
        <identifiers>
          <isin value="US091212JB76"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>401331.14000000</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>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 1/1/34</title>
        <cusip>59447TNJ8</cusip>
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          <isin value="US59447TNJ87"/>
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        <balance>2135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2138255.02000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MI FIN AUTH LTD 5.25% 11/1/2035</title>
        <cusip>594479JG3</cusip>
        <identifiers>
          <isin value="US594479JG31"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1500625.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN ST BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>MI ST BLDG AUTH 23-I V1</title>
        <cusip>594615HB5</cusip>
        <identifiers>
          <isin value="US594615HB58"/>
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        <balance>10300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10300000.00000000</valUSD>
        <pctVal>2.126517015281</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03420000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAGINAW MI HOSP FIN AUTH HOSP</name>
        <lei>N/A</lei>
        <title>SAGINAW HOSP 4% 7/1/2036</title>
        <cusip>786744JB9</cusip>
        <identifiers>
          <isin value="US786744JB94"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>786029.48000000</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>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>LANSING MICH BRD WTR and LT UTIL SYS REV</name>
        <lei>N/A</lei>
        <title>LANSING MI WTR 5% 7/1/2054</title>
        <cusip>516391FM6</cusip>
        <identifiers>
          <isin value="US516391FM68"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2087665.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CRESTWOOD MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>CREST MI 226363 5% 5/1/2045</title>
        <cusip>226363HR3</cusip>
        <identifiers>
          <isin value="US226363HR38"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>422467.68000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
        <lei>N/A</lei>
        <title>GREAT LAKES WTR 5% 7/1/2030</title>
        <cusip>39081JHM3</cusip>
        <identifiers>
          <isin value="US39081JHM36"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
        <lei>N/A</lei>
        <title>GREAT LAKES WTR 5% 7/1/2036</title>
        <cusip>39081JHH4</cusip>
        <identifiers>
          <isin value="US39081JHH41"/>
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        <balance>1500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>KALAMAZOO MI HFA HOSP FAC REV</name>
        <lei>N/A</lei>
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        <cusip>483233QR6</cusip>
        <identifiers>
          <isin value="US483233QR65"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30245.16000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-15</maturityDt>
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      <invstOrSec>
        <name>MICHIGAN ST UNIV REVS</name>
        <lei>N/A</lei>
        <title>MI ST UNIV 5.25% 8/15/54</title>
        <cusip>594712ZH7</cusip>
        <identifiers>
          <isin value="US594712ZH78"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3186282.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN HSG DEV RENTAL HSG</name>
        <lei>N/A</lei>
        <title>MI ST HDA RENTL 3.8% 10/1/2038</title>
        <cusip>59465M4K8</cusip>
        <identifiers>
          <isin value="US59465M4K86"/>
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        <balance>3965000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3933984.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03800000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LANSING MICH BRD WTR and LT UTIL SYS REV</name>
        <lei>N/A</lei>
        <title>LANSING MI WTR 2% MT</title>
        <cusip>516391DV8</cusip>
        <identifiers>
          <isin value="US516391DV85"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1983124.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BYRON CENTER MICH PUB SCHS</name>
        <lei>N/A</lei>
        <title>BYRON CENTER MI 5.25% 5/1/2053</title>
        <cusip>124511QZ2</cusip>
        <identifiers>
          <isin value="US124511QZ27"/>
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        <balance>3570000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3769597.63000000</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>2053-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
        <lei>N/A</lei>
        <title>GERALD R FORD I 5% 1/1/2030 @</title>
        <cusip>373695AL9</cusip>
        <identifiers>
          <isin value="US373695AL97"/>
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        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>459093.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENT MI HOSP FIN AUTH</name>
        <lei>N/A</lei>
        <title>KENT MI HOSP (MARY FREE BED HOSP REHAB CTR) 4% 4/1/41</title>
        <cusip>490580FN2</cusip>
        <identifiers>
          <isin value="US490580FN25"/>
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        <balance>2805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2741923.12000000</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>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KAREGNONDI WTR AUTH MICH</name>
        <lei>N/A</lei>
        <title>KAREGNONDI WTR 5% 11/1/2039</title>
        <cusip>48563UCR0</cusip>
        <identifiers>
          <isin value="US48563UCR05"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2522636.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</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>
      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2042 @</title>
        <cusip>944514Y69</cusip>
        <identifiers>
          <isin value="US944514Y691"/>
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        <balance>625000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>660964.38000000</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>2042-12-01</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>
      <invstOrSec>
        <name>PORTAGE MI PUB SCHS</name>
        <lei>N/A</lei>
        <title>PORTAGE MI PUB 4% 11/1/2042</title>
        <cusip>735779NY2</cusip>
        <identifiers>
          <isin value="US735779NY21"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>991588.80000000</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>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</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>
      <invstOrSec>
        <name>LANSING MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>LANSING MICH SC 5% 5/1/2031</title>
        <cusip>516444UL8</cusip>
        <identifiers>
          <isin value="US516444UL83"/>
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        <balance>605000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>675869.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</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>
      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 5.75% 6/1/2054</title>
        <cusip>594654US2</cusip>
        <identifiers>
          <isin value="US594654US21"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1782695.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.50% 12/1/2043 @</title>
        <cusip>944514U55</cusip>
        <identifiers>
          <isin value="US944514U558"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>690509.88000000</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>2043-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN ST BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>MI ST BLDG AUTH 24-I V7</title>
        <cusip>594615LS3</cusip>
        <identifiers>
          <isin value="US594615LS38"/>
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        <balance>1175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1175000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03420000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRAND VALLEY MI ST UNIV REV</name>
        <lei>N/A</lei>
        <title>GRAND VLY MI UN 5% 12/1/2035</title>
        <cusip>386545MP9</cusip>
        <identifiers>
          <isin value="US386545MP93"/>
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        <balance>1225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1286869.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 10/1/2044</title>
        <cusip>59447T8A4</cusip>
        <identifiers>
          <isin value="US59447T8A46"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3242726.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>NO MICH UN REVS 4% 6/1/2041</title>
        <cusip>665398NQ2</cusip>
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          <isin value="US665398NQ21"/>
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        <balance>1385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1378720.55000000</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>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PENNFIELD MICH SCHS DIST</name>
        <lei>N/A</lei>
        <title>PENNFIELD MI SC 3% 5/1/2051</title>
        <cusip>708186KR1</cusip>
        <identifiers>
          <isin value="US708186KR19"/>
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        <balance>1160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>849952.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PORTAGE MICH</name>
        <lei>N/A</lei>
        <title>PORTAGE MICH 2% 7/1/2036</title>
        <cusip>735764HU9</cusip>
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          <isin value="US735764HU95"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>646034.01000000</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>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>NO MICH UN REVS 5% 6/1/2035</title>
        <cusip>665398NJ8</cusip>
        <identifiers>
          <isin value="US665398NJ87"/>
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        <balance>375000.00000000</balance>
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        <valUSD>408719.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MI FIN AUTH LTD 5% 11/1/2032</title>
        <cusip>594479JD0</cusip>
        <identifiers>
          <isin value="US594479JD00"/>
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        <balance>1110000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>NORTHERN MI UNIV REVS</name>
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      <invstOrSec>
        <name>DETROIT MI</name>
        <lei>N/A</lei>
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          <isin value="US2510934J61"/>
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          <annualizedRt>0.05500000</annualizedRt>
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        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
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        <title>GERALD R FORD I 5% 1/1/2033 @</title>
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          <isin value="US373695AP02"/>
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        <name>WAYNE ST UNIV MI UNIV REVS</name>
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          <isin value="US946303M353"/>
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          <maturityDt>2055-11-15</maturityDt>
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          <annualizedRt>0.05250000</annualizedRt>
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        <name>MARQUETTE MI LT and PWR ELEC UTIL</name>
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        <title>MARQUETTE LTPWR 5% 7/1/29</title>
        <cusip>571498CR3</cusip>
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          <isin value="US571498CR30"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-07-01</maturityDt>
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      <invstOrSec>
        <name>WARREN MI CSD</name>
        <lei>N/A</lei>
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        <cusip>935341S73</cusip>
        <identifiers>
          <isin value="US935341S734"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2039</title>
        <cusip>084482DC9</cusip>
        <identifiers>
          <isin value="US084482DC95"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>BRIGHTON MI AREA SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>BRIGHTON MI SD 3% 5/1/2036</title>
        <cusip>109367VP4</cusip>
        <identifiers>
          <isin value="US109367VP44"/>
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        <balance>1260000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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        <title>MI STRAT FND 5% 12/31/2026 @</title>
        <cusip>594698QA3</cusip>
        <identifiers>
          <isin value="US594698QA33"/>
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        <balance>490000.00000000</balance>
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        <valUSD>496874.41000000</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>2026-12-31</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
        <lei>N/A</lei>
        <title>GERALD R FORD I 5% 1/1/2041 @</title>
        <cusip>373695AX3</cusip>
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          <isin value="US373695AX36"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
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      <invstOrSec>
        <name>NORTHERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>NO MICH UN REVS 5% 6/1/2032</title>
        <cusip>665398NF6</cusip>
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          <isin value="US665398NF65"/>
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        <name>NORTHERN MI UNIV REVS</name>
        <lei>N/A</lei>
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          <isin value="US665398NP48"/>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <name>BIRMINGHAM CIY SCHOOL DISTRICT/MI</name>
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        <name>GRAND RAPIDS MI SAN SWR SYS</name>
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          <isin value="US386289LY69"/>
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        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
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        <cusip>39081JJP4</cusip>
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          <isin value="US39081JJP49"/>
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        <name>MICHIGAN HSG DEV RENTAL HSG</name>
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      <invstOrSec>
        <name>WAYNE ST UNIV MI UNIV REVS</name>
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      <invstOrSec>
        <name>LANSING MICH SCH DIST</name>
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        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
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        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
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        <name>DETROIT MI</name>
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        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
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      <invstOrSec>
        <name>PORTAGE MI PUB SCHS</name>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
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        <name>YPSILANTI MICH SCH DIST</name>
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        <name>GENESEE CNTY MI</name>
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        <name>MICHIGAN TECHNOLOGICAL UNIV</name>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH RENTHSG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST HS 2.125% 10/1/2036</title>
        <cusip>59465PAV0</cusip>
        <identifiers>
          <isin value="US59465PAV04"/>
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        <balance>1775000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1471274.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02125000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WOODHAVEN BROWNSTOWN MI SD</name>
        <lei>N/A</lei>
        <title>WOODHAVEN BROWN 3% 11/1/2046</title>
        <cusip>97942NGK6</cusip>
        <identifiers>
          <isin value="US97942NGK63"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>770052.10000000</valUSD>
        <pctVal>0.158983387699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</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>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND 5% 12/31/2043 @</title>
        <cusip>594698QT2</cusip>
        <identifiers>
          <isin value="US594698QT24"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5014219.50000000</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>2043-12-31</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>MICHIGAN ST HSG DEV AUTH RENTHSG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST HS 2.45% 10/1/2046</title>
        <cusip>59465PAX6</cusip>
        <identifiers>
          <isin value="US59465PAX69"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1373903.60000000</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>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02450000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREAT LAKES SEWER AUTH MICH</name>
        <lei>N/A</lei>
        <title>GT LAKES WTR MI 5% 7/1/2027</title>
        <cusip>39081HAD4</cusip>
        <identifiers>
          <isin value="US39081HAD44"/>
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        <balance>15000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>15174.84000000</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>2027-07-01</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>CHARLES STEWART MOTT CMNTY COLLEGE DIST MI</name>
        <lei>N/A</lei>
        <title>CHARLES STEWART 2.125% 5/1/2034</title>
        <cusip>15987EHR8</cusip>
        <identifiers>
          <isin value="US15987EHR80"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>709015.31000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02125000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WESTRN MI UNIV 5% 11/15/2031</title>
        <cusip>958638XP8</cusip>
        <identifiers>
          <isin value="US958638XP86"/>
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        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>166758.36000000</valUSD>
        <pctVal>0.034428591260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 3.50% 12/1/2050</title>
        <cusip>594654JK2</cusip>
        <identifiers>
          <isin value="US594654JK24"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1696660.69000000</valUSD>
        <pctVal>0.350289109363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 4% 6/1/2049</title>
        <cusip>59447TL76</cusip>
        <identifiers>
          <isin value="US59447TL760"/>
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        <balance>7250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6245206.55000000</valUSD>
        <pctVal>1.289372620633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COUNTY OF GENESEE MI WATER SUPPLY SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>COUNTY OF GENES 5% 11/1/2038</title>
        <cusip>371646AP5</cusip>
        <identifiers>
          <isin value="US371646AP55"/>
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        <balance>800000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>901432.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</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>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2046 @</title>
        <cusip>944514F29</cusip>
        <identifiers>
          <isin value="US944514F294"/>
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        <balance>1280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1297514.62000000</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>0.05000000</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>LINCOLN MI CONS SCH DIST</name>
        <lei>N/A</lei>
        <title>LINCOLN MI CSD 5% 5/1/2032</title>
        <cusip>533883MZ4</cusip>
        <identifiers>
          <isin value="US533883MZ49"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005515.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND 5% 6/30/2029 @</title>
        <cusip>594698QF2</cusip>
        <identifiers>
          <isin value="US594698QF20"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36509.60000000</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>2029-06-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND 4.25% 12/31/2038@</title>
        <cusip>594698QS4</cusip>
        <identifiers>
          <isin value="US594698QS41"/>
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        <balance>5840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5845557.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND 5% 12/31/2032 @</title>
        <cusip>594698QN5</cusip>
        <identifiers>
          <isin value="US594698QN53"/>
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        <balance>1875000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1945732.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
        <lei>N/A</lei>
        <title>GREAT LAKES WTR 5.25% 7/1/2045</title>
        <cusip>39081JKM9</cusip>
        <identifiers>
          <isin value="US39081JKM98"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4351062.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</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>
      <invstOrSec>
        <name>DETROIT MI</name>
        <lei>N/A</lei>
        <title>DETROIT MI 5.50% 4/1/2038</title>
        <cusip>2510934L1</cusip>
        <identifiers>
          <isin value="US2510934L18"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>522221.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</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>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-30</maturityDt>
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      </invstOrSec>
      <invstOrSec>
        <name>DETROIT MI DOWNTOWN DEV AUTH TAX</name>
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          <isin value="US251135HU61"/>
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      <invstOrSec>
        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US084482DS48"/>
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          <maturityDt>2031-05-01</maturityDt>
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        <name>MACOMB INTERCEPTOR DRAIN DRAINAGE DISTRICT</name>
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          <isin value="US55539PCN69"/>
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      <invstOrSec>
        <name>CLARKSTON MI CMNTY SCHS</name>
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          <isin value="US182252ZP45"/>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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        <cusip>594698QP0</cusip>
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          <isin value="US594698QP02"/>
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        <name>WOODHAVEN BROWNSTOWN MI SD</name>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
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          <isin value="US59447TL356"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
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        <title>MI FIN AUTH LTD 5% 11/1/2037</title>
        <cusip>594479JJ7</cusip>
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          <isin value="US594479JJ79"/>
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      <invstOrSec>
        <name>LINCOLN MI CONS SCH DIST</name>
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          <isin value="US533883MY73"/>
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        <name>BERKLEY MICH SCH DIST</name>
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        <name>UTICA MI CMNTY SCHS</name>
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        <name>MICHIGAN ST BLDG AUTH REV</name>
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        <name>MIDLAND CNTY MICH WTR SUPPLY SYS LEE TWP</name>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <name>KALAMAZOO CNTY MICH</name>
        <lei>N/A</lei>
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        <valUSD>2007784.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 6/1/2040</title>
        <cusip>59447TG80</cusip>
        <identifiers>
          <isin value="US59447TG802"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3057142.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH RENTHSG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST HS 2.55% 10/1/2051</title>
        <cusip>59465PAY4</cusip>
        <identifiers>
          <isin value="US59465PAY43"/>
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        <balance>2095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1353107.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02550000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT(MI-WL 12/17/87) 5.5% 6/1/53</title>
        <cusip>594654SG1</cusip>
        <identifiers>
          <isin value="US594654SG11"/>
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        <balance>1790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1890602.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2038</title>
        <cusip>084482DB1</cusip>
        <identifiers>
          <isin value="US084482DB13"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>652422.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2033</title>
        <cusip>084482CW6</cusip>
        <identifiers>
          <isin value="US084482CW68"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>576914.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</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>
      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2031</title>
        <cusip>084482CU0</cusip>
        <identifiers>
          <isin value="US084482CU03"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>504854.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</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>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 4% 5/1/2033</title>
        <cusip>084482DU9</cusip>
        <identifiers>
          <isin value="US084482DU93"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225802.12000000</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>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</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>DETROIT MI</name>
        <lei>N/A</lei>
        <title>DETROIT MI 5.50% 4/1/2037</title>
        <cusip>2510934K3</cusip>
        <identifiers>
          <isin value="US2510934K35"/>
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        <balance>465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>497572.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>NO MICH UN REVS 4% 6/1/2039</title>
        <cusip>665398NN9</cusip>
        <identifiers>
          <isin value="US665398NN99"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>910797.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GUAM POWER AUTH.</name>
        <lei>N/A</lei>
        <title>GUAM POWER AUTH 5% 10/1/2044 Q</title>
        <cusip>400653KK6</cusip>
        <identifiers>
          <isin value="US400653KK63"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1023712.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LANSING MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>LANSING MICH SC 5% 5/1/2036</title>
        <cusip>516444UR5</cusip>
        <identifiers>
          <isin value="US516444UR53"/>
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        <balance>755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>861950.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
        <lei>N/A</lei>
        <title>GERALD R FORD I 5% 1/1/2029 @</title>
        <cusip>373695AK1</cusip>
        <identifiers>
          <isin value="US373695AK15"/>
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        <balance>525000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>557546.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH ACT 38 FACSSR REV</name>
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        <cusip>59447NAX4</cusip>
        <identifiers>
          <isin value="US59447NAX49"/>
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        <balance>600000.00000000</balance>
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          <annualizedRt>0.05250000</annualizedRt>
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      <invstOrSec>
        <name>GRAND RAPIDS MI SAN SWR SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID SWR 5% 1/1/2029</title>
        <cusip>386289NS7</cusip>
        <identifiers>
          <isin value="US386289NS73"/>
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        <balance>2810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3006845.28000000</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>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WAYNE ST UNIV MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WAYNE ST U MI 5% 11/15/2036</title>
        <cusip>946303J54</cusip>
        <identifiers>
          <isin value="US946303J540"/>
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        <balance>1200000.00000000</balance>
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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>2036-11-15</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MARQUETTE MI LT and PWR ELEC UTIL</name>
        <lei>N/A</lei>
        <title>MARQUETTE LTPWR 5% 7/1/31</title>
        <cusip>571498CT9</cusip>
        <identifiers>
          <isin value="US571498CT95"/>
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        <balance>780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>787465.77000000</valUSD>
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        <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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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BIRMINGHAM CIY SCHOOL DISTRICT/MI</name>
        <lei>N/A</lei>
        <title>BIRMINGHAM CIY 5% 5/1/2035</title>
        <cusip>091212JD3</cusip>
        <identifiers>
          <isin value="US091212JD33"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>510511.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
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        <cusip>74514L3J4</cusip>
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          <isin value="US74514L3J47"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYNE ST UNIV MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WAYNE ST U MI 4% 11/15/2039</title>
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          <isin value="US946303G322"/>
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      <invstOrSec>
        <name>WESTERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WESTRN MI UNIV 5% 11/15/2038</title>
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          <isin value="US958638XW38"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GREAT LAKES SEWER AUTH MICH</name>
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          <isin value="US39081HHL96"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 1/1/31</title>
        <cusip>59447TNF6</cusip>
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          <isin value="US59447TNF65"/>
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        <balance>1170000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GRAND VALLEY MI ST UNIV REV</name>
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          <isin value="US386545MR59"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FARMINGTON MICH PUB SCH DIST</name>
        <lei>N/A</lei>
        <title>FARMINGTON PUBI 4% 5/1/2040</title>
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        <identifiers>
          <isin value="US311261UU39"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>HOLLAND MI SCH DIST</name>
        <lei>N/A</lei>
        <title>HOLLAND MICH 4% 11/1/2040</title>
        <cusip>435236LN2</cusip>
        <identifiers>
          <isin value="US435236LN20"/>
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        <balance>1915000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1950806.67000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>BIRMINGHAM CIY SCHOOL DISTRICT/MI</name>
        <lei>N/A</lei>
        <title>BIRMINGHAM CIY 5% 5/1/2038</title>
        <cusip>091212JG6</cusip>
        <identifiers>
          <isin value="US091212JG63"/>
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        <balance>600000.00000000</balance>
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        <valUSD>666767.04000000</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>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
        <lei>N/A</lei>
        <title>GERALD R FORD I 5% 1/1/2049 @</title>
        <cusip>373695CE3</cusip>
        <identifiers>
          <isin value="US373695CE37"/>
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        <valUSD>3091231.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>KALAMAZOO CNTY MICH</name>
        <lei>N/A</lei>
        <title>KALAM MI 2% 5/1/2038</title>
        <cusip>483195ZS5</cusip>
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          <isin value="US483195ZS51"/>
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        <balance>1660000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-05-01</maturityDt>
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        <name>GRAND RAPIDS MI SAN SWR SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID SWR 5% 1/1/2028</title>
        <cusip>386289NR9</cusip>
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          <isin value="US386289NR90"/>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 4% 2/15/2044</title>
        <cusip>59447TVA8</cusip>
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          <isin value="US59447TVA86"/>
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        <name>MICHIGAN ST BLDG AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>594615LJ3</cusip>
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          <isin value="US594615LJ39"/>
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        <name>GROSSE POINTE MI PUB SCH SYS</name>
        <lei>N/A</lei>
        <title>GROSSE PT PSS 3% 5/1/2033</title>
        <cusip>399100LM6</cusip>
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          <isin value="US399100LM63"/>
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        <name>ORION CHARTER TWP MICH</name>
        <lei>N/A</lei>
        <title>ORION MI 2% 4/1/2034</title>
        <cusip>686269CB5</cusip>
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          <isin value="US686269CB56"/>
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          <maturityDt>2034-04-01</maturityDt>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2037</title>
        <cusip>944514VH8</cusip>
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          <isin value="US944514VH87"/>
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        <balance>545000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR and WST</name>
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        <cusip>40065FFC3</cusip>
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          <isin value="US40065FFC32"/>
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        <curCd>USD</curCd>
        <valUSD>1212147.65000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
        <lei>N/A</lei>
        <title>GERALD R FORD I 5% 1/1/2034 @</title>
        <cusip>373695AQ8</cusip>
        <identifiers>
          <isin value="US373695AQ84"/>
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        <curCd>USD</curCd>
        <valUSD>1101442.10000000</valUSD>
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        <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>
      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
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        <cusip>594698SQ6</cusip>
        <identifiers>
          <isin value="US594698SQ66"/>
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        <curCd>USD</curCd>
        <valUSD>1782623.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01450000</annualizedRt>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.50% 12/1/2039 @</title>
        <cusip>944514K56</cusip>
        <identifiers>
          <isin value="US944514K567"/>
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        <balance>635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>714679.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN ST</name>
        <lei>N/A</lei>
        <title>MI ST 4% 5/15/2040</title>
        <cusip>594612ER0</cusip>
        <identifiers>
          <isin value="US594612ER07"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>509869.25000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND 5% 12/31/2031 @</title>
        <cusip>594698QL9</cusip>
        <identifiers>
          <isin value="US594698QL97"/>
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        <balance>3210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3339996.33000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SAGINAW MI HOSP FIN AUTH HOSP</name>
        <lei>N/A</lei>
        <title>SAGINAW HOSP 4% 7/1/2040</title>
        <cusip>786744JF0</cusip>
        <identifiers>
          <isin value="US786744JF09"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>491922.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FERRIS ST UNIV MICH REV</name>
        <lei>N/A</lei>
        <title>FERRIS ST UNIV 5% 10/1/2044</title>
        <cusip>315361MW2</cusip>
        <identifiers>
          <isin value="US315361MW29"/>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1077215.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</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>NORTHERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>NO MICH UN REVS 5% 6/1/2033</title>
        <cusip>665398NG4</cusip>
        <identifiers>
          <isin value="US665398NG49"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400344.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.50% 12/1/2042 @</title>
        <cusip>944514K80</cusip>
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          <isin value="US944514K807"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>876079.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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      <invstOrSec>
        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
        <lei>N/A</lei>
        <title>GERALD R FORD I 5% 1/1/2037 @</title>
        <cusip>373695AT2</cusip>
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          <isin value="US373695AT24"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>NORTHERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>NO MICH UN REVS 4% 6/1/2046</title>
        <cusip>665398NR0</cusip>
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          <isin value="US665398NR04"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BARRY CNTY MICH</name>
        <lei>N/A</lei>
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        <cusip>068815QL6</cusip>
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          <isin value="US068815QL66"/>
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        <balance>260000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>DETROIT MI</name>
        <lei>N/A</lei>
        <title>DETROIT MI 6% 5/1/2043</title>
        <cusip>2510936E5</cusip>
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          <isin value="US2510936E56"/>
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        <balance>1500000.00000000</balance>
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          <maturityDt>2043-05-01</maturityDt>
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          <annualizedRt>0.06000000</annualizedRt>
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        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 11/15/2048</title>
        <cusip>59447TUH4</cusip>
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          <isin value="US59447TUH49"/>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.75% 12/1/2050 @</title>
        <cusip>944514U89</cusip>
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          <isin value="US944514U897"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-01</maturityDt>
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          <annualizedRt>0.05750000</annualizedRt>
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      <invstOrSec>
        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID WTR 5% 1/1/2028</title>
        <cusip>386316PY3</cusip>
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          <isin value="US386316PY39"/>
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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>2028-01-01</maturityDt>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.50% 12/1/2041 @</title>
        <cusip>944514U30</cusip>
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          <isin value="US944514U301"/>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <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>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2036</title>
        <cusip>084482CZ9</cusip>
        <identifiers>
          <isin value="US084482CZ99"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>622118.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-01</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>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2030 @</title>
        <cusip>944514P44</cusip>
        <identifiers>
          <isin value="US944514P442"/>
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        <balance>1270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1386777.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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% 7/1/2036</title>
        <cusip>74527EFS2</cusip>
        <identifiers>
          <isin value="US74527EFS28"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190233.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND MT 3.875% 6/1/2053 @</title>
        <cusip>594698TD4</cusip>
        <identifiers>
          <isin value="US594698TD45"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6864421.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03875000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRAND RAPIDS MI PUB SCHS</name>
        <lei>N/A</lei>
        <title>GRAND RAPIDS MI 5% 5/1/29</title>
        <cusip>386280QV6</cusip>
        <identifiers>
          <isin value="US386280QV66"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>494029.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARQUETTE MI LT and PWR ELEC UTIL</name>
        <lei>N/A</lei>
        <title>MARQUETTE LTPWR 5% 7/1/33</title>
        <cusip>571498CV4</cusip>
        <identifiers>
          <isin value="US571498CV42"/>
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        <balance>705000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>711155.71000000</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>2033-07-01</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LANSING MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>LANSING MICH SC 5% 5/1/2032</title>
        <cusip>516444UM6</cusip>
        <identifiers>
          <isin value="US516444UM66"/>
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        <balance>580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>657282.33000000</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>2032-05-01</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>MICHIGAN ST BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>MI BLDG 3% 10/15/2045</title>
        <cusip>594615HK5</cusip>
        <identifiers>
          <isin value="US594615HK57"/>
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        <balance>8670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6897312.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2030</title>
        <cusip>084482CT3</cusip>
        <identifiers>
          <isin value="US084482CT30"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>412990.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WARREN MI CSD</name>
        <lei>N/A</lei>
        <title>WARREN MI CSD 5% 5/1/2035</title>
        <cusip>935341G27</cusip>
        <identifiers>
          <isin value="US935341G275"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1255073.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.25% 12/1/2037 @</title>
        <cusip>944514Q35</cusip>
        <identifiers>
          <isin value="US944514Q358"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001880.09000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WARREN MICH</name>
        <lei>N/A</lei>
        <title>WARREN MICHIGAN 5% 6/1/2039</title>
        <cusip>935325DW7</cusip>
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          <isin value="US935325DW79"/>
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        <balance>1310000.00000000</balance>
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        <valUSD>1445316.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
        <lei>N/A</lei>
        <title>GREAT LAKES WTR 5.50% 7/1/2055</title>
        <cusip>39081JKP2</cusip>
        <identifiers>
          <isin value="US39081JKP20"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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      <invstOrSec>
        <name>WESTERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WESTRN MI UNIV 5% 11/15/2032</title>
        <cusip>958638XQ6</cusip>
        <identifiers>
          <isin value="US958638XQ69"/>
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        <balance>300000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2032-11-15</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <name>WARREN MI CSD</name>
        <lei>N/A</lei>
        <title>WARREN MI CSD 5% 5/1/2032</title>
        <cusip>935341J73</cusip>
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          <isin value="US935341J733"/>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>GRAND RAPIDS MI SAN SWR SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID SWR 5% 1/1/2030</title>
        <cusip>386289NT5</cusip>
        <identifiers>
          <isin value="US386289NT56"/>
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        <balance>3830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4190428.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2041</title>
        <cusip>084482DE5</cusip>
        <identifiers>
          <isin value="US084482DE51"/>
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        <balance>775000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>853674.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>WYANDOTTE MICH CITY SCH DIST</name>
        <lei>N/A</lei>
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        <cusip>982781JW7</cusip>
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          <isin value="US982781JW72"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334350.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST UNIV REVS</name>
        <lei>N/A</lei>
        <title>MI ST UNIV 5.25% 2/15/2050</title>
        <cusip>594712C66</cusip>
        <identifiers>
          <isin value="US594712C666"/>
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        <balance>2150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2315513.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 11/1/2036</title>
        <cusip>59447TSJ3</cusip>
        <identifiers>
          <isin value="US59447TSJ33"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1302913.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 11/1/2038</title>
        <cusip>59447TSL8</cusip>
        <identifiers>
          <isin value="US59447TSL88"/>
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        <balance>1595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1651590.76000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</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>
      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND 4% 5/15/2027</title>
        <cusip>594698RQ7</cusip>
        <identifiers>
          <isin value="US594698RQ75"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274516.72000000</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>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 3% 6/1/2051</title>
        <cusip>594654LR4</cusip>
        <identifiers>
          <isin value="US594654LR49"/>
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        <balance>1580000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1559822.29000000</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>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
        <lei>N/A</lei>
        <title>GREAT LAKES WTR 5.25% 7/1/2044</title>
        <cusip>39081JKL1</cusip>
        <identifiers>
          <isin value="US39081JKL16"/>
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        <balance>1365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1493301.26000000</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>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</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>
      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR and WST</name>
        <lei>N/A</lei>
        <title>GUAM GVT WTSW 5.50% 7/1/2043</title>
        <cusip>40065FFF6</cusip>
        <identifiers>
          <isin value="US40065FFF62"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>811477.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARQUETTE MI LT and PWR ELEC UTIL</name>
        <lei>N/A</lei>
        <title>MARQUETTE LTPWR 5% 7/1/30</title>
        <cusip>571498CS1</cusip>
        <identifiers>
          <isin value="US571498CS13"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>908926.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COUNTY OF GENESEE MI WATER SUPPLY SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>COUNTY OF GENESEE MI WATER SUPPLY SYSTEM REVENUE 5% 11/1/2037</title>
        <cusip>371646AN0</cusip>
        <identifiers>
          <isin value="US371646AN08"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1136410.90000000</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>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 4% 11/1/2055</title>
        <cusip>59447TP72</cusip>
        <identifiers>
          <isin value="US59447TP720"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2259957.75000000</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>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>GRAND RAPIDS MI SAN SWR SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID SWR 5% 1/1/2031</title>
        <cusip>386289NU2</cusip>
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          <isin value="US386289NU20"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1558276.44000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>GREAT LAKES SEWER AUTH MICH</name>
        <lei>N/A</lei>
        <title>GT LAKES SEW MI 5.25% 7/1/2044</title>
        <cusip>39081HHM7</cusip>
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          <isin value="US39081HHM79"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.25% 12/1/2037 @</title>
        <cusip>944514K31</cusip>
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          <isin value="US944514K310"/>
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        <valUSD>1113200.10000000</valUSD>
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          <annualizedRt>0.05250000</annualizedRt>
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        <name>DOWNRIVER UTIL WASTEWATER AUTHMICH SWR SYS REV</name>
        <lei>N/A</lei>
        <title>DOWNRIVER UTIL 5% 4/1/2035</title>
        <cusip>26111PAQ8</cusip>
        <identifiers>
          <isin value="US26111PAQ81"/>
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        <balance>500000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>GRAND RAPIDS MI SAN SWR SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID SWR 5% 1/1/2034</title>
        <cusip>386289LU4</cusip>
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          <isin value="US386289LU48"/>
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        <balance>550000.00000000</balance>
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        <valUSD>573555.73000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-01</maturityDt>
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      <invstOrSec>
        <name>PORTAGE MI PUB SCHS</name>
        <lei>N/A</lei>
        <title>PORTAGE MI PUB 5% 11/1/2032</title>
        <cusip>735779MS6</cusip>
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          <isin value="US735779MS61"/>
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        <balance>2500000.00000000</balance>
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        <valUSD>2515199.25000000</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>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>WYANDOTTE MICH CITY SCH DIST</name>
        <lei>N/A</lei>
        <title>WYANDOTTE MICH 5% 5/1/2041</title>
        <cusip>982781JX5</cusip>
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          <isin value="US982781JX55"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413400.08000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MI FIN AUTH LTD 5% 9/1/2038</title>
        <cusip>594479GE1</cusip>
        <identifiers>
          <isin value="US594479GE10"/>
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        <balance>1270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1348964.16000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>FLINT MI HOSP BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>FLINT MI BLDG 4% 7/1/2038</title>
        <cusip>339511EX1</cusip>
        <identifiers>
          <isin value="US339511EX19"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1742136.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN HSG DEV RENTAL HSG</name>
        <lei>N/A</lei>
        <title>MI ST HDA RENTL 3.35% 10/1/2049</title>
        <cusip>59465M6M2</cusip>
        <identifiers>
          <isin value="US59465M6M25"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2461556.70000000</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>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03350000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.50% 12/1/2041 @</title>
        <cusip>944514K72</cusip>
        <identifiers>
          <isin value="US944514K724"/>
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        <balance>1685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1863012.16000000</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>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>GRAND VALLEY MI ST UNIV REV</name>
        <lei>N/A</lei>
        <title>GRAND VLY MI UN 5% 12/1/2034</title>
        <cusip>386545MN4</cusip>
        <identifiers>
          <isin value="US386545MN46"/>
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        <balance>1075000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KENTWOOD MICH ECONOMIC DEV</name>
        <lei>N/A</lei>
        <title>KENTWOOD MI ECO 4% 11/15/2031 Q</title>
        <cusip>491740FA9</cusip>
        <identifiers>
          <isin value="US491740FA90"/>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>867856.62000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 4% 12/1/2048</title>
        <cusip>594654CM5</cusip>
        <identifiers>
          <isin value="US594654CM52"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>301002.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Municipal Cash Central Fund</title>
        <cusip>31635A204</cusip>
        <identifiers>
          <isin value="US31635A2042"/>
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        <balance>9727525.35300000</balance>
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        <curCd>USD</curCd>
        <valUSD>9729470.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WESTERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WESTRN MI UNIV/AGM 5.25% 11/15/54</title>
        <cusip>958638B64</cusip>
        <identifiers>
          <isin value="US958638B640"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1053119.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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        <title>MI STRAT FND 5% 12/31/2028 @</title>
        <cusip>594698QE5</cusip>
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          <isin value="US594698QE54"/>
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        <balance>440000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>DETROIT MI</name>
        <lei>N/A</lei>
        <title>DETROIT MI 5% 5/1/2039</title>
        <cusip>2510936V7</cusip>
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          <isin value="US2510936V71"/>
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        <balance>3700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3985957.83000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 5% 6/1/2053</title>
        <cusip>594654RG2</cusip>
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          <isin value="US594654RG20"/>
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        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MI FIN AUTH LTD 5% 11/1/2033</title>
        <cusip>594479JE8</cusip>
        <identifiers>
          <isin value="US594479JE82"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LANSING MICH</name>
        <lei>N/A</lei>
        <title>LANSING MICH 4% 6/1/2040</title>
        <cusip>516372TW9</cusip>
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          <isin value="US516372TW97"/>
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        <balance>4810000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>GROSSE POINTE PARK MICH</name>
        <lei>N/A</lei>
        <title>GROSS MI 2.375% 10/1/2039</title>
        <cusip>399136CF5</cusip>
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          <isin value="US399136CF53"/>
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        <balance>510000.00000000</balance>
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          <annualizedRt>0.02375000</annualizedRt>
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      <invstOrSec>
        <name>LANSING MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>LANSING MICH SC 5% 5/1/2038</title>
        <cusip>516444UT1</cusip>
        <identifiers>
          <isin value="US516444UT10"/>
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        <balance>1400000.00000000</balance>
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        <valUSD>1574272.14000000</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>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>FERRIS ST UNIV MICH REV</name>
        <lei>N/A</lei>
        <title>FERRIS ST UNIV 5% 10/1/2043</title>
        <cusip>315361MV4</cusip>
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          <isin value="US315361MV46"/>
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        <balance>1715000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2029</title>
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          <isin value="US944514S743"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 6% 6/1/2054</title>
        <cusip>594654WT8</cusip>
        <identifiers>
          <isin value="US594654WT85"/>
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        <valUSD>2490687.54000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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        <title>MI STRAT FND 5% 5/15/2044</title>
        <cusip>594698RS3</cusip>
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          <isin value="US594698RS32"/>
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        <curCd>USD</curCd>
        <valUSD>1454071.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2031 @</title>
        <cusip>944514ZY7</cusip>
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          <isin value="US944514ZY74"/>
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        <balance>2825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2959913.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SAGINAW CNTY MI</name>
        <lei>N/A</lei>
        <title>SAGANAW CNTY MI 3% 12/1/2040</title>
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          <isin value="US7867027J35"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>447588.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN HSG DEV RENTAL HSG</name>
        <lei>N/A</lei>
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        <cusip>59465M3J2</cusip>
        <identifiers>
          <isin value="US59465M3J23"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1918071.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH ACT 38 FACSSR REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN 5% 2/28/2038</title>
        <cusip>59447NAV8</cusip>
        <identifiers>
          <isin value="US59447NAV82"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1858351.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND 5% 12/31/2030 @</title>
        <cusip>594698QJ4</cusip>
        <identifiers>
          <isin value="US594698QJ42"/>
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        <balance>4080000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4252976.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MATTAWAN CONSOLIDATED SCHOOL DISTRICT/MI</name>
        <lei>N/A</lei>
        <title>MATTAWAN CONSOL 5% 5/1/2054</title>
        <cusip>577056MR2</cusip>
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          <isin value="US577056MR21"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>KENTWOOD MICH ECONOMIC DEV</name>
        <lei>N/A</lei>
        <title>KENTWOOD MI ECO 4% 11/15/2043 Q</title>
        <cusip>491740FB7</cusip>
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          <isin value="US491740FB73"/>
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        <curCd>USD</curCd>
        <valUSD>1981635.08000000</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>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>LANSE CREUSE MICH PUB SCH</name>
        <lei>N/A</lei>
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        <cusip>516228TM5</cusip>
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          <isin value="US516228TM53"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
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        <title>GREAT LAKES WTR 5% 7/1/2029</title>
        <cusip>39081JHY7</cusip>
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          <isin value="US39081JHY73"/>
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        <name>PORTAGE MICH</name>
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          <isin value="US735764HT23"/>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <cusip>594654TD7</cusip>
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        <name>MICHIGAN FIN AUTH RE</name>
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          <maturityDt>2038-10-15</maturityDt>
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        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
        <lei>N/A</lei>
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        <cusip>386316QA4</cusip>
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          <isin value="US386316QA44"/>
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          <maturityDt>2030-01-01</maturityDt>
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        <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>
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          <isin value="US74527EFN31"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRANDVILLE MICH PUB SCHS DIST</name>
        <lei>N/A</lei>
        <title>GRANDVILLE MICH 4% 5/1/2040</title>
        <cusip>386892RQ8</cusip>
        <identifiers>
          <isin value="US386892RQ88"/>
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        <balance>1300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1320445.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DETROIT MI SEW DISP REV</name>
        <lei>N/A</lei>
        <title>DETROIT MI SWR 5% NATL 7/1/2036</title>
        <cusip>2512377P2</cusip>
        <identifiers>
          <isin value="US2512377P22"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10019.51000000</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>2036-07-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOWNRIVER UTIL WASTEWATER AUTHMICH SWR SYS REV</name>
        <lei>N/A</lei>
        <title>DOWNRIVER UTIL 5% 4/1/2033</title>
        <cusip>26111PAN5</cusip>
        <identifiers>
          <isin value="US26111PAN50"/>
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        <balance>735000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>769824.96000000</valUSD>
        <pctVal>0.158936492837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MI FIN AUTH LTD 3% 9/1/2050</title>
        <cusip>594479GK7</cusip>
        <identifiers>
          <isin value="US594479GK79"/>
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        <balance>2320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1610386.01000000</valUSD>
        <pctVal>0.332477014702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KALAMAZOO MI HFA HOSP FAC REV</name>
        <lei>N/A</lei>
        <title>KALAMAZOO HFA H 5% 5/15/2030</title>
        <cusip>483233RF1</cusip>
        <identifiers>
          <isin value="US483233RF19"/>
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        <balance>4970000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5007752.12000000</valUSD>
        <pctVal>1.033890300144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 1/1/33</title>
        <cusip>59447TNH2</cusip>
        <identifiers>
          <isin value="US59447TNH22"/>
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        <balance>1915000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1918031.83000000</valUSD>
        <pctVal>0.395992943917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MI FIN AUTH LTD 4% 2/1/2042</title>
        <cusip>594479HP5</cusip>
        <identifiers>
          <isin value="US594479HP57"/>
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        <balance>1120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>971154.46000000</valUSD>
        <pctVal>0.200502571228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PR ST 0% 7/1/2033</title>
        <cusip>74514L3R6</cusip>
        <identifiers>
          <isin value="US74514L3R62"/>
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        <balance>1643730.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1189476.01000000</valUSD>
        <pctVal>0.245576793644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KALAMAZOO MI HFA HOSP FAC REV</name>
        <lei>N/A</lei>
        <title>KALAMAZOO HFA H 5% 5/15/2028 PRE</title>
        <cusip>483233QP0</cusip>
        <identifiers>
          <isin value="US483233QP00"/>
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        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5040.86000000</valUSD>
        <pctVal>0.001040725685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID WTR 5% 1/1/2029</title>
        <cusip>386316PZ0</cusip>
        <identifiers>
          <isin value="US386316PZ04"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2140103.40000000</valUSD>
        <pctVal>0.441841387821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</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>
      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2030 @</title>
        <cusip>944514S82</cusip>
        <identifiers>
          <isin value="US944514S826"/>
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        <balance>555000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>601541.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</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>
      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 4.25% 6/1/2049</title>
        <cusip>594654DQ5</cusip>
        <identifiers>
          <isin value="US594654DQ57"/>
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        <balance>810000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>815784.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
        <lei>N/A</lei>
        <title>GREAT LAKES WTR 5% 7/1/2029</title>
        <cusip>39081JHL5</cusip>
        <identifiers>
          <isin value="US39081JHL52"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1353635.00000000</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>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
        <lei>N/A</lei>
        <title>GREAT LAKES WTR 5.25% 7/1/2043</title>
        <cusip>39081JKK3</cusip>
        <identifiers>
          <isin value="US39081JKK33"/>
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        <balance>3270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3602773.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>NO MICH UN REVS 5% 6/1/2036</title>
        <cusip>665398NK5</cusip>
        <identifiers>
          <isin value="US665398NK50"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>432856.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</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>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 11/1/2035</title>
        <cusip>59447TSH7</cusip>
        <identifiers>
          <isin value="US59447TSH76"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1045526.80000000</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>2035-11-01</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>DETROIT MI</name>
        <lei>N/A</lei>
        <title>DETROIT MI 5% 5/1/2038</title>
        <cusip>2510936U9</cusip>
        <identifiers>
          <isin value="US2510936U98"/>
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        <balance>3520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3815227.68000000</valUSD>
        <pctVal>0.787684133853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
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          <isin value="US59447TXH12"/>
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      <invstOrSec>
        <name>FLINT MI HOSP BLDG AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>339511EY9</cusip>
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          <isin value="US339511EY91"/>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
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          <isin value="US59447TL687"/>
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      <invstOrSec>
        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
        <lei>N/A</lei>
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        <cusip>39081JHZ4</cusip>
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          <isin value="US39081JHZ49"/>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MI FIN AUTH LTD 4% 12/1/2036</title>
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          <isin value="US594479EB98"/>
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        <valUSD>700031.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH ACT 38 FACSSR REV</name>
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        <title>MICHIGAN FIN 5% 2/28/2039</title>
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          <isin value="US59447NAW65"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FERRIS ST UNIV MICH REV</name>
        <lei>N/A</lei>
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          <isin value="US315361MY84"/>
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        <balance>2000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KALAMAZOO CNTY MICH</name>
        <lei>N/A</lei>
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        <cusip>483195ZJ5</cusip>
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          <isin value="US483195ZJ52"/>
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        <balance>1690000.00000000</balance>
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        <valUSD>1702599.96000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.03000000</annualizedRt>
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        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID WTR 5% 1/1/2031</title>
        <cusip>386316QB2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <title>WAYNE CO MI AAR 5% 12/1/2038</title>
        <cusip>944514C22</cusip>
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          <isin value="US944514C226"/>
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        <name>MICHIGAN ST BLDG AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>594615HH2</cusip>
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          <isin value="US594615HH29"/>
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        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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        <cusip>594698SR4</cusip>
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          <isin value="US594698SR40"/>
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        <name>FERRIS ST UNIV MICH REV</name>
        <lei>N/A</lei>
        <title>FERRIS ST UNIV 5% 10/1/2045</title>
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        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2032</title>
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          <isin value="US084482CV85"/>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <cusip>594654C94</cusip>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2041 @</title>
        <cusip>944514Y51</cusip>
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          <isin value="US944514Y519"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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      <invstOrSec>
        <name>MARQUETTE MI LT and PWR ELEC UTIL</name>
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        <title>MARQUETTE LTPWR 5% 7/1/32</title>
        <cusip>571498CU6</cusip>
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          <isin value="US571498CU68"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1009274.90000000</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>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR and WST</name>
        <lei>N/A</lei>
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        <cusip>40065FFB5</cusip>
        <identifiers>
          <isin value="US40065FFB58"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1108781.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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        <title>MI STRAT FND 1.35% 8/1/2029</title>
        <cusip>594698SP8</cusip>
        <identifiers>
          <isin value="US594698SP83"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1826358.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01350000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MI FIN AUTH LTD 4% 2/1/2027</title>
        <cusip>594479HM2</cusip>
        <identifiers>
          <isin value="US594479HM27"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99833.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN ST BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>MI BLDG 3% 10/15/2051</title>
        <cusip>594615JZ0</cusip>
        <identifiers>
          <isin value="US594615JZ09"/>
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        <balance>1770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1299469.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
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        <title>GRAND RAPID WTR 5% 1/1/31</title>
        <cusip>386316MY6</cusip>
        <identifiers>
          <isin value="US386316MY65"/>
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        <curCd>USD</curCd>
        <valUSD>250115.18000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5.25% 12/1/2038 @</title>
        <cusip>944514K49</cusip>
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          <isin value="US944514K492"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>996342.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU(MCLAREN HLTHCRE) 4% 2/15/50</title>
        <cusip>59447TVE0</cusip>
        <identifiers>
          <isin value="US59447TVE09"/>
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        <balance>6530000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5714484.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WESTRN MI UNIV 5% 11/15/2040</title>
        <cusip>958638XY9</cusip>
        <identifiers>
          <isin value="US958638XY93"/>
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        <balance>635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>673492.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DETROIT MI</name>
        <lei>N/A</lei>
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        <cusip>2510934H0</cusip>
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          <isin value="US2510934H06"/>
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        <balance>1040000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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      <invstOrSec>
        <name>HOLLAND MI SCH DIST</name>
        <lei>N/A</lei>
        <title>HOLLAND MICH 4% 11/1/2039</title>
        <cusip>435236LM4</cusip>
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          <isin value="US435236LM47"/>
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        <balance>1855000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1902433.28000000</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>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WESTRN MI UNIV 5% 11/15/2036</title>
        <cusip>958638XU7</cusip>
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          <isin value="US958638XU71"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>433540.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GRAND RAPIDS MI</name>
        <lei>N/A</lei>
        <title>GRAND RPDS MICH 5% 4/1/2055</title>
        <cusip>386226P73</cusip>
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          <isin value="US386226P737"/>
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        <valUSD>2079921.40000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2055-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <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% 7/1/2030</title>
        <cusip>74527EFL7</cusip>
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          <isin value="US74527EFL74"/>
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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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        <name>BIRMINGHAM CIY SCHOOL DISTRICT/MI</name>
        <lei>N/A</lei>
        <title>BIRMINGHAM CIY 5% 5/1/2036</title>
        <cusip>091212JE1</cusip>
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          <isin value="US091212JE16"/>
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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>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WAYNE ST UNIV MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WAYNE ST U MI 5% 11/15/2035</title>
        <cusip>946303J47</cusip>
        <identifiers>
          <isin value="US946303J474"/>
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        <balance>1000000.00000000</balance>
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        <valUSD>1154065.00000000</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>2035-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
        <lei>N/A</lei>
        <title>GERALD R FORD I 5% 1/1/2032 @</title>
        <cusip>373695AN5</cusip>
        <identifiers>
          <isin value="US373695AN53"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>807357.25000000</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>2032-01-01</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>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BIRMINGHAM CIY SCHOOL DISTRICT/MI</name>
        <lei>N/A</lei>
        <title>BIRMINGHAM CIY 5% 5/1/2037</title>
        <cusip>091212JF8</cusip>
        <identifiers>
          <isin value="US091212JF80"/>
        </identifiers>
        <balance>280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>313091.13000000</valUSD>
        <pctVal>0.064640156823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</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>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2037 @</title>
        <cusip>944514E53</cusip>
        <identifiers>
          <isin value="US944514E537"/>
        </identifiers>
        <balance>1520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1616296.10000000</valUSD>
        <pctVal>0.333697199842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</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>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PR ST 5.625% 7/1/2029</title>
        <cusip>74514L3H8</cusip>
        <identifiers>
          <isin value="US74514L3H80"/>
        </identifiers>
        <balance>595000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>630445.16000000</valUSD>
        <pctVal>0.130160423295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05625000</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>2026-01-30</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>
