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        <name>FRIDLEY MN INDPT SCH DIST NO14</name>
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          <isin value="US665444KE48"/>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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        <name>OLMSTED CNTY MN</name>
        <lei>N/A</lei>
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          <isin value="US681181VD24"/>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>MINNESOTA ST MUN PWR AGY ELEC</name>
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          <isin value="US60412PFS48"/>
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          <maturityDt>2033-10-01</maturityDt>
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        <name>MINNESOTA ST MUN PWR AGY ELEC</name>
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          <isin value="US60412PFV76"/>
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          <maturityDt>2036-10-01</maturityDt>
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        <name>MINNESOTA ST MUN PWR AGY ELEC</name>
        <lei>N/A</lei>
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        <cusip>60412PFT2</cusip>
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          <isin value="US60412PFT21"/>
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        <valUSD>237629.65000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MN ST 2.25% 8/1/2029</title>
        <cusip>60412AGT4</cusip>
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          <isin value="US60412AGT43"/>
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        <balance>420000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <cusip>603827WV4</cusip>
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          <isin value="US603827WV41"/>
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        <balance>4540000.00000000</balance>
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        <valUSD>4614347.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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          <isin value="US603827WW24"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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          <isin value="US603827WX07"/>
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        <name>MINNESOTA ST HIGHER ED FACS AU</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>RICHFIELD MN ISD #280</name>
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        <name>MOUNDS VIEW MN INDPT SCH D 621</name>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>WHITE BEAR LAKE MINN REV</name>
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        <name>ELK RIVER MN INDP SCH DIST 728</name>
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        <name>MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN</name>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>WRIGHT CNTY MINN CTFS PARTN</name>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VIRGINIA MN</name>
        <lei>N/A</lei>
        <title>VIRGINIA MN 706 3% 2/1/2038</title>
        <cusip>927889GB5</cusip>
        <identifiers>
          <isin value="US927889GB50"/>
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        <balance>2050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1839909.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</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>WAYZATA MINN SR HSG REV</name>
        <lei>N/A</lei>
        <title>WAYZATA MINN R 5% 8/1/2049</title>
        <cusip>946829BQ0</cusip>
        <identifiers>
          <isin value="US946829BQ02"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>486714.35000000</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>2049-08-01</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>WAYZATA MINN SR HSG REV</name>
        <lei>N/A</lei>
        <title>WAYZATA MINN R 5% 8/1/2054</title>
        <cusip>946829BR8</cusip>
        <identifiers>
          <isin value="US946829BR84"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>951853.60000000</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>2054-08-01</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>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2026</title>
        <cusip>60416JCN8</cusip>
        <identifiers>
          <isin value="US60416JCN81"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190219.96000000</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>2026-12-01</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>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2027</title>
        <cusip>60416JCP3</cusip>
        <identifiers>
          <isin value="US60416JCP30"/>
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        <balance>195000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194496.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</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>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2028</title>
        <cusip>60416JCQ1</cusip>
        <identifiers>
          <isin value="US60416JCQ13"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>477103.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</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>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2029</title>
        <cusip>60416JCR9</cusip>
        <identifiers>
          <isin value="US60416JCR95"/>
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        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>281792.81000000</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>2029-12-01</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>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2030</title>
        <cusip>60416JCS7</cusip>
        <identifiers>
          <isin value="US60416JCS78"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196204.54000000</valUSD>
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        <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>0.04000000</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>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2031</title>
        <cusip>60416JCT5</cusip>
        <identifiers>
          <isin value="US60416JCT51"/>
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        <balance>450000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>437631.71000000</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>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2032</title>
        <cusip>60416JCU2</cusip>
        <identifiers>
          <isin value="US60416JCU25"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>663723.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2033</title>
        <cusip>60416JCV0</cusip>
        <identifiers>
          <isin value="US60416JCV08"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>712187.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2034</title>
        <cusip>60416JCW8</cusip>
        <identifiers>
          <isin value="US60416JCW80"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>210940.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTHERN MN MUN PWR AGY PWR</name>
        <lei>N/A</lei>
        <title>SOUTHERN MN PR 5% 1/1/2034</title>
        <cusip>84338FAQ6</cusip>
        <identifiers>
          <isin value="US84338FAQ63"/>
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        <balance>1235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1324321.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622</name>
        <lei>N/A</lei>
        <title>NORTH ST PAL MN 3% 2/1/2042</title>
        <cusip>662152GC5</cusip>
        <identifiers>
          <isin value="US662152GC52"/>
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        <balance>3090000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2603594.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNEAPOLIS MINN</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US60375BHH24"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>336830.92000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN</name>
        <lei>N/A</lei>
        <title>MN ST HSG FIN 2.47% 1/1/2050</title>
        <cusip>60416QHT4</cusip>
        <identifiers>
          <isin value="US60416QHT40"/>
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        <balance>1272299.71920000</balance>
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        <curCd>USD</curCd>
        <valUSD>1021327.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02470000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNEAPOLIS MN MULTIFAMILY REV</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS MF 2.46% 1/1/2038</title>
        <cusip>603767PD0</cusip>
        <identifiers>
          <isin value="US603767PD02"/>
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        <balance>6731943.41000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5391286.98000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCHESTER MN IND SCH DST NO535</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN SD 3% 2/1/2035</title>
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          <isin value="US771614TD65"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUK RAPIDS MINN ISD NO 47</name>
        <lei>N/A</lei>
        <title>SAUK RAPIDS MIN 2.5% 2/1/2039</title>
        <cusip>804362MT5</cusip>
        <identifiers>
          <isin value="US804362MT59"/>
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        <balance>2925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2381833.06000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MOORHEAD MINN ISD NO 152</name>
        <lei>N/A</lei>
        <title>MOORHEAD MN ISD 2.5% 2/1/2037</title>
        <cusip>616157TC7</cusip>
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          <isin value="US616157TC74"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 3.50% 7/1/2050</title>
        <cusip>60416S4E7</cusip>
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          <isin value="US60416S4E73"/>
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        <balance>4420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4410858.11000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>JACKSON CNTY CENT MN ISD#2895</name>
        <lei>N/A</lei>
        <title>JCKSON MN ISD 2% 2/1/2032</title>
        <cusip>466723CH4</cusip>
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          <isin value="US466723CH40"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>631435.42000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 2.625% 1/1/2040</title>
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          <isin value="US60416S4C18"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02625000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 2.4% 1/1/2035</title>
        <cusip>60416S4B3</cusip>
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          <isin value="US60416S4B35"/>
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        <curCd>USD</curCd>
        <valUSD>1043080.05000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>0.02400000</annualizedRt>
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      <invstOrSec>
        <name>WATERTOWN MINN ISD NO 111</name>
        <lei>N/A</lei>
        <title>WATERTOWN MINN 0% 2/1/2029</title>
        <cusip>942078NY8</cusip>
        <identifiers>
          <isin value="US942078NY88"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>898136.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>WHITE BEAR LK MN INDPT SD 624</name>
        <lei>N/A</lei>
        <title>WHITE BEAR LAKE 2.25% 2/1/2037</title>
        <cusip>963439B60</cusip>
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          <isin value="US963439B604"/>
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        <valUSD>4755842.87000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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      <invstOrSec>
        <name>OWATONNA MN IND SCH DIST 761</name>
        <lei>N/A</lei>
        <title>OWATONNA MN ISD 2.25% 2/1/2043</title>
        <cusip>690564SA8</cusip>
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          <isin value="US690564SA87"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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        <name>OWATONNA MN IND SCH DIST 761</name>
        <lei>N/A</lei>
        <title>OWATONNA MN ISD 2% 2/1/2037</title>
        <cusip>690564RU5</cusip>
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          <isin value="US690564RU50"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
        <title>LAKEVILLE MN SD 2% 2/1/2034</title>
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          <isin value="US512462XY32"/>
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        <name>SOUTH WASHINGTON CO IDS 833 MN</name>
        <lei>N/A</lei>
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          <isin value="US840610TY59"/>
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        <name>MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN</name>
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          <isin value="US60416QHW78"/>
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        <name>METRO CNCL MN MINN-ST PAUL</name>
        <lei>N/A</lei>
        <title>METRO CNCL MN 2% 3/1/2033</title>
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          <isin value="US591852S586"/>
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        <name>METRO CNCL MN MINN-ST PAUL</name>
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        <title>METRO CNCL MN 2.125% 3/1/2036</title>
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          <isin value="US591852S826"/>
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        <name>METRO CNCL MN MINN-ST PAUL</name>
        <lei>N/A</lei>
        <title>METRO CNCL MN 2.125% 3/1/2037</title>
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          <isin value="US591852S909"/>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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          <isin value="US60416S6H86"/>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 2.50% 7/1/2040</title>
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          <isin value="US60416S6Q85"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
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        <cusip>60412AUH4</cusip>
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          <isin value="US60412AUH49"/>
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        <curCd>USD</curCd>
        <valUSD>1138996.50000000</valUSD>
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          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 4% 8/1/2036</title>
        <cusip>60416S7G9</cusip>
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          <isin value="US60416S7G94"/>
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        <valUSD>2022824.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
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          <annualizedRt>0.04000000</annualizedRt>
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        <name>MINNEAPOLIS MN SPL SCH DST COP #1 CTFS PARTN</name>
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        <title>MINN MN SSD COP 2% 4/1/2034</title>
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          <isin value="US603792VE93"/>
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        <valUSD>1741121.44000000</valUSD>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 3% 1/1/2051</title>
        <cusip>60416TBJ6</cusip>
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          <isin value="US60416TBJ60"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>732131.21000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-01</maturityDt>
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      <invstOrSec>
        <name>PUERTO RICO HSG FIN AUTH</name>
        <lei>N/A</lei>
        <title>PR HFA 5% 12/1/2027</title>
        <cusip>74526LFE8</cusip>
        <identifiers>
          <isin value="US74526LFE83"/>
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        <balance>2565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2661268.81000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ITASCA CNTY MINN</name>
        <lei>N/A</lei>
        <title>ITASC MN 465452 2% 2/1/2032</title>
        <cusip>465452LM0</cusip>
        <identifiers>
          <isin value="US465452LM09"/>
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        <balance>1475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1320438.29000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>ITASCA CNTY MINN</name>
        <lei>N/A</lei>
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        <cusip>465452LQ1</cusip>
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          <isin value="US465452LQ13"/>
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        <fairValLevel>2</fairValLevel>
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        <name>ANNANDALE MINN INDPT SCH DIST NO 876</name>
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          <isin value="US035735FY03"/>
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        <name>UNIVERSITY MN</name>
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          <isin value="US914460UL22"/>
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        <name>PLYMOUTH MINN</name>
        <lei>N/A</lei>
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          <isin value="US7297732S97"/>
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        <name>OSSEO MN INDPT SCH DIST # 279</name>
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        <title>OSSEO MN ISD 2% 2/1/2038</title>
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        <name>OSSEO MN INDPT SCH DIST # 279</name>
        <lei>N/A</lei>
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        <name>OSSEO MN INDPT SCH DIST # 279</name>
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        <name>OSSEO MN INDPT SCH DIST # 279</name>
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        <name>OSSEO MN INDPT SCH DIST # 279</name>
        <lei>N/A</lei>
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          <isin value="US688443X547"/>
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        <curCd>USD</curCd>
        <valUSD>2000400.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MURRAY CNTY MINN</name>
        <lei>N/A</lei>
        <title>MURRA MN 627015 2.375% 4/1/2041</title>
        <cusip>627015NF3</cusip>
        <identifiers>
          <isin value="US627015NF35"/>
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        <balance>675000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>490342.68000000</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>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02375000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 4% 2/1/2036</title>
        <cusip>603790RE8</cusip>
        <identifiers>
          <isin value="US603790RE83"/>
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        <balance>1745000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1772696.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 3% 1/1/2051</title>
        <cusip>60416TCR7</cusip>
        <identifiers>
          <isin value="US60416TCR77"/>
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        <balance>2660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2627243.70000000</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>2051-01-01</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>
      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 10/1/2046</title>
        <cusip>60416JDA5</cusip>
        <identifiers>
          <isin value="US60416JDA51"/>
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        <balance>2750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2495569.18000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 10/1/2050</title>
        <cusip>60416JDB3</cusip>
        <identifiers>
          <isin value="US60416JDB35"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>870971.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>ROSEVILLE MINN INDPT SCH DISTNO 623 CTFS PARTN</name>
        <lei>N/A</lei>
        <title>ROSEVILLE MINN 5% 4/1/2027</title>
        <cusip>778103AF8</cusip>
        <identifiers>
          <isin value="US778103AF83"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>862402.61000000</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>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROSEVILLE MINN INDPT SCH DISTNO 623 CTFS PARTN</name>
        <lei>N/A</lei>
        <title>ROSEVILLE MINN 5% 4/1/2028</title>
        <cusip>778103AG6</cusip>
        <identifiers>
          <isin value="US778103AG66"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1130801.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SAINT PAUL MINN PORT AUTH DISTENERGY REV</name>
        <lei>N/A</lei>
        <title>SAINT PAUL MINN 3% 10/1/2026</title>
        <cusip>79308GAH0</cusip>
        <identifiers>
          <isin value="US79308GAH02"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99789.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>SAINT PAUL MINN PORT AUTH DISTENERGY REV</name>
        <lei>N/A</lei>
        <title>SAINT PAUL MINN 3% 10/1/2034</title>
        <cusip>79308GAL1</cusip>
        <identifiers>
          <isin value="US79308GAL14"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>318849.42000000</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>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>SAINT PAUL MINN PORT AUTH DISTENERGY REV</name>
        <lei>N/A</lei>
        <title>SAINT PAUL MINN 4% 10/1/2041</title>
        <cusip>79308GAM9</cusip>
        <identifiers>
          <isin value="US79308GAM96"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>469032.25000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>RAMSEY CNTY MN</name>
        <lei>N/A</lei>
        <title>RAMSEY MN GO 2% 2/1/2040</title>
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          <isin value="US751622TV32"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <cusip>60416TDY1</cusip>
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        <valUSD>2520954.90000000</valUSD>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 2.45% 7/1/2046</title>
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          <isin value="US60416TDZ84"/>
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          <annualizedRt>0.02450000</annualizedRt>
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      <invstOrSec>
        <name>ST PAUL MN</name>
        <lei>N/A</lei>
        <title>ST PAUL MINN 2% 5/1/2033</title>
        <cusip>792882EB4</cusip>
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          <isin value="US792882EB40"/>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 3/1/2030</title>
        <cusip>60416JDL1</cusip>
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          <isin value="US60416JDL17"/>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 3/1/2031</title>
        <cusip>60416JDM9</cusip>
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          <isin value="US60416JDM99"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
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        <name>DULUTH MN INDPT SCH DIST #709</name>
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        <name>ST PAUL MINN WTR REV</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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          <isin value="US60416TLS59"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-01</maturityDt>
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      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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          <isin value="US603790UH77"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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        <cusip>603790UJ3</cusip>
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          <isin value="US603790UJ34"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 2.40% 7/1/2033 @</title>
        <cusip>60416TLH9</cusip>
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          <isin value="US60416TLH94"/>
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        <balance>830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>709929.21000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02400000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARVER and SIBLEY CNTYS MINN INDPT SCH DIST NO 108 CENTRAL PUBSCHS</name>
        <lei>N/A</lei>
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        <cusip>146873BV5</cusip>
        <identifiers>
          <isin value="US146873BV56"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1144927.39000000</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>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STEWARTVILLE MINN INDPT SCH DIST NO 534</name>
        <lei>N/A</lei>
        <title>STEWARTVILLE MI 2% 2/1/2032</title>
        <cusip>860554JT2</cusip>
        <identifiers>
          <isin value="US860554JT21"/>
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        <balance>785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>708109.72000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>RED ROCK CENT MINN INDPT SCH DIST NO 2884</name>
        <lei>N/A</lei>
        <title>RED R MN 75700R 2.375% 2/1/2045</title>
        <cusip>75700RBJ3</cusip>
        <identifiers>
          <isin value="US75700RBJ32"/>
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        <balance>1310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>888075.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02375000</annualizedRt>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 5% 2/1/2041</title>
        <cusip>603790TN6</cusip>
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          <isin value="US603790TN64"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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          <isin value="US603790TP13"/>
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        <name>MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV</name>
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          <isin value="US60406UAM99"/>
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        <name>PUERTO RICO COMWLTH</name>
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          <isin value="US74514L3H80"/>
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          <couponKind>Fixed</couponKind>
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        <name>PUERTO RICO COMWLTH</name>
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          <isin value="US74514L3J47"/>
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        <name>PUERTO RICO COMWLTH</name>
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        <name>NASHWAUK KEEWATIN MINN INDPT SCH DIST NO 319</name>
        <lei>N/A</lei>
        <title>NASHWAUK KEEWAT 4% 2/1/2035</title>
        <cusip>631500CT0</cusip>
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          <isin value="US631500CT02"/>
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        <balance>200000.00000000</balance>
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        <name>NASHWAUK KEEWATIN MINN INDPT SCH DIST NO 319</name>
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        <title>NASHWAUK KEEWAT 4% 2/1/2036</title>
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          <isin value="US631500CU74"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>ROCHESTER MN HEALTH CARE FACS</name>
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      <invstOrSec>
        <name>GUAM POWER AUTH.</name>
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        <name>DILWORTH MN</name>
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        <name>DILWORTH MN</name>
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        <name>DILWORTH MN</name>
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        <title>DILWORTH MN 3.50% 2/1/2034</title>
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          <isin value="US254280YH72"/>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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          <isin value="US603827L464"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-01-01</maturityDt>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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          <isin value="US603790WM45"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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        <name>RAMSEY MINN</name>
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        <name>RAMSEY MINN</name>
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        <name>MINNESOTA ST ARMORY BLDG COMMNLEASE REV</name>
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        <name>ST PAUL MINN INDPT SCH DIST NO625</name>
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        <name>AITKIN CNTY MINN</name>
        <lei>N/A</lei>
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        <name>DULUTH MINN INDPT SCH DIST NO 709 CTFS PARTN</name>
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        <title>DULUTH MN ISD 3% 3/1/2032</title>
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          <isin value="US264474JW85"/>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
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          <annualizedRt>0.05750000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>WARREN / ALVARADO / OSLO MINNINDPT SCH DIST NP 2176</name>
        <lei>N/A</lei>
        <title>WARRE MN 934664 3.75% 2/1/2042</title>
        <cusip>934664CG6</cusip>
        <identifiers>
          <isin value="US934664CG64"/>
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        <curCd>USD</curCd>
        <valUSD>1000276.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
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      <invstOrSec>
        <name>WARREN / ALVARADO / OSLO MINNINDPT SCH DIST NP 2176</name>
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        <title>WARRE MN 934664 3.75% 2/1/2043</title>
        <cusip>934664CH4</cusip>
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          <isin value="US934664CH48"/>
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        <curCd>USD</curCd>
        <valUSD>815970.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
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      <invstOrSec>
        <name>EDEN PRAIRIE MN INDPT SCH DIST</name>
        <lei>N/A</lei>
        <title>EDEN PRAIRE SCH 4% 2/1/2035</title>
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        <identifiers>
          <isin value="US279533XS72"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1077294.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ST PAUL MINN WTR REV</name>
        <lei>N/A</lei>
        <title>ST PA MN 793073 4% 12/1/2047</title>
        <cusip>793073JH1</cusip>
        <identifiers>
          <isin value="US793073JH12"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>940712.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS MN 5% MT</title>
        <cusip>60374VEX7</cusip>
        <identifiers>
          <isin value="US60374VEX73"/>
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        <balance>11625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12510386.74000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST OFFICE OF HIGHER ED REV</name>
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        <title>MN ST OFF HI ED 5% 11/1/2033 @</title>
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          <isin value="US60416MBZ59"/>
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        <curCd>USD</curCd>
        <valUSD>3800526.12000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>DELANO MINN</name>
        <lei>N/A</lei>
        <title>DELAN MN 5% 2/1/2039</title>
        <cusip>245667TU4</cusip>
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          <isin value="US245667TU40"/>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1071044.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>DELANO MINN</name>
        <lei>N/A</lei>
        <title>DELAN MN 4% 2/1/2040</title>
        <cusip>245667TV2</cusip>
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          <isin value="US245667TV23"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1067344.53000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>DELANO MINN</name>
        <lei>N/A</lei>
        <title>DELAN MN 4% 2/1/2041</title>
        <cusip>245667TW0</cusip>
        <identifiers>
          <isin value="US245667TW06"/>
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        <curCd>USD</curCd>
        <valUSD>1103235.54000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <title>MINNESOTA ST HI 5% 3/1/2045</title>
        <cusip>60416JHL7</cusip>
        <identifiers>
          <isin value="US60416JHL70"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 6% 7/1/2053</title>
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          <isin value="US60416T5P93"/>
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        <curCd>USD</curCd>
        <valUSD>916093.17000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
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      <invstOrSec>
        <name>LAKE ELMO MINN</name>
        <lei>N/A</lei>
        <title>LAKE MN 509624 2% 2/1/2036</title>
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        <identifiers>
          <isin value="US509624QK12"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.75% 2/1/2035</title>
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          <isin value="US771588VF46"/>
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        <valUSD>990054.05000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01750000</annualizedRt>
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      <invstOrSec>
        <name>LAKE ELMO MINN</name>
        <lei>N/A</lei>
        <title>LAKE MN 2% 2/1/2035</title>
        <cusip>509624QJ4</cusip>
        <identifiers>
          <isin value="US509624QJ49"/>
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        <balance>1185000.00000000</balance>
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          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2030</title>
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          <isin value="US665444LF04"/>
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        <balance>1050000.00000000</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>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2031</title>
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          <isin value="US665444LG86"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <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>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2032</title>
        <cusip>665444LH6</cusip>
        <identifiers>
          <isin value="US665444LH69"/>
        </identifiers>
        <balance>345000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>372309.96000000</valUSD>
        <pctVal>0.064679480257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2033</title>
        <cusip>665444LJ2</cusip>
        <identifiers>
          <isin value="US665444LJ26"/>
        </identifiers>
        <balance>360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>387086.18000000</valUSD>
        <pctVal>0.067246476396</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>MOORHEAD MN</name>
        <lei>N/A</lei>
        <title>MOORHEAD MN 2.125% 2/1/2040</title>
        <cusip>616142SW6</cusip>
        <identifiers>
          <isin value="US616142SW61"/>
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        <balance>365000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>260721.80000000</valUSD>
        <pctVal>0.045293847405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</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>NORTHFIELD MINN</name>
        <lei>N/A</lei>
        <title>NORTH 666178/9 2% 2/1/2029</title>
        <cusip>666179EB8</cusip>
        <identifiers>
          <isin value="US666179EB89"/>
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        <balance>155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>150439.25000000</valUSD>
        <pctVal>0.026135031414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</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>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.625% 2/1/2034</title>
        <cusip>771588VE7</cusip>
        <identifiers>
          <isin value="US771588VE70"/>
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        <balance>1255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1036955.80000000</valUSD>
        <pctVal>0.180144958233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01625000</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>MAPLE GROVE MN</name>
        <lei>N/A</lei>
        <title>MAPLE GRV MN 1.50% 2/1/2033</title>
        <cusip>56516PVS9</cusip>
        <identifiers>
          <isin value="US56516PVS90"/>
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        <balance>715000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>599493.97000000</valUSD>
        <pctVal>0.104146981180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01500000</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>MAPLE GROVE MN</name>
        <lei>N/A</lei>
        <title>MAPLE GRV MN 1.625% 2/1/2034</title>
        <cusip>56516PVT7</cusip>
        <identifiers>
          <isin value="US56516PVT73"/>
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        <balance>790000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>651273.79000000</valUSD>
        <pctVal>0.113142421015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01625000</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>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 6.25% 7/1/2054</title>
        <cusip>60416T6P8</cusip>
        <identifiers>
          <isin value="US60416T6P84"/>
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        <balance>1705000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1844897.47000000</valUSD>
        <pctVal>0.320504478280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06250000</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>MINNESOTA ST HIGHER ED FACS AU</name>
        <lei>N/A</lei>
        <title>MN ST HEFA 3% 3/1/34</title>
        <cusip>60416H6F6</cusip>
        <identifiers>
          <isin value="US60416H6F65"/>
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        <balance>430000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>410532.27000000</valUSD>
        <pctVal>0.071319644128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.50% 2/1/2032</title>
        <cusip>771588VC1</cusip>
        <identifiers>
          <isin value="US771588VC15"/>
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        <balance>990000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>856672.25000000</valUSD>
        <pctVal>0.148825231216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01500000</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>MINNESOTA AGRIC and EC DEV BRD</name>
        <lei>N/A</lei>
        <title>MN AG and EC DEV 5% 1/1/2041</title>
        <cusip>6049202Y3</cusip>
        <identifiers>
          <isin value="US6049202Y39"/>
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        <balance>2300000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2440800.02000000</valUSD>
        <pctVal>0.424027540672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</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>
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      <invstOrSec>
        <name>MINNESOTA AGRIC and EC DEV BRD</name>
        <lei>N/A</lei>
        <title>MN AG and EC DEV 4% 1/1/2049</title>
        <cusip>6049203D8</cusip>
        <identifiers>
          <isin value="US6049203D82"/>
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        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2633755.80000000</valUSD>
        <pctVal>0.457548748547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</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>BURNSVILLE MN</name>
        <lei>N/A</lei>
        <title>BURNS MN 122458 2.85% 12/20/2031</title>
        <cusip>122458W57</cusip>
        <identifiers>
          <isin value="US122458W574"/>
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        <balance>935000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>912563.18000000</valUSD>
        <pctVal>0.158534872891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02850000</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>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
        <title>LAKEVILLE MN SD 2% 2/1/2037</title>
        <cusip>512462YR7</cusip>
        <identifiers>
          <isin value="US512462YR71"/>
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        <balance>1515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1185816.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</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>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 6.25% 1/1/2054</title>
        <cusip>60416T6X1</cusip>
        <identifiers>
          <isin value="US60416T6X19"/>
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        <balance>5385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5829871.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06250000</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>COON RAPIDS MINN MULTIFAMILY REV</name>
        <lei>N/A</lei>
        <title>COON RAPIDS 2.70% 8/1/2035</title>
        <cusip>216592GA7</cusip>
        <identifiers>
          <isin value="US216592GA73"/>
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        <balance>2468081.28720000</balance>
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        <curCd>USD</curCd>
        <valUSD>2175332.79000000</valUSD>
        <pctVal>0.377909294300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02700000</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>ST PAUL MINN INDPT SCH DIST NO625 CTFS PARTN</name>
        <lei>N/A</lei>
        <title>ST PA MN 792897 5% 2/1/2029</title>
        <cusip>792897RW2</cusip>
        <identifiers>
          <isin value="US792897RW27"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>531993.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</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>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.625% 2/1/2033</title>
        <cusip>771588VD9</cusip>
        <identifiers>
          <isin value="US771588VD97"/>
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        <balance>1205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1023355.05000000</valUSD>
        <pctVal>0.177782170407</pctVal>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.05000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2031</title>
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          <isin value="US930256AF93"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>WADENA MINN REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>WADENA MINN REV</name>
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        <title>WADENA MINN REV 5% 12/1/2045</title>
        <cusip>930256AK8</cusip>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <cusip>60416JHZ6</cusip>
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          <isin value="US60416JHZ66"/>
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        <valUSD>2232258.60000000</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>2049-10-01</maturityDt>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <cusip>60416JJA9</cusip>
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          <isin value="US60416JJA97"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-10-01</maturityDt>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <identifiers>
          <isin value="US60416JJB70"/>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
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        <name>METRO CNCL MN MINN-ST PAUL</name>
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        <name>EDINA MINN</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>MINNESOTA ST</name>
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      </invstOrSec>
      <invstOrSec>
        <name>ST CLOUD MINN HEALTH CARE RV</name>
        <lei>N/A</lei>
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          <isin value="US78916VER78"/>
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      <invstOrSec>
        <name>ST CLOUD MINN HEALTH CARE RV</name>
        <lei>N/A</lei>
        <title>ST CLOUD_MN HLT 5% 5/1/2044</title>
        <cusip>78916VES5</cusip>
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          <isin value="US78916VES51"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ST CLOUD MINN HEALTH CARE RV</name>
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        <title>ST CLOUD_MN HLT 5% 5/1/2054</title>
        <cusip>78916VEU0</cusip>
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          <isin value="US78916VEU08"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNEAPOLIS MINN</name>
        <lei>N/A</lei>
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          <isin value="US60375BNL61"/>
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        <balance>4510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3812332.77000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>MINNEAPOLIS MINN</name>
        <lei>N/A</lei>
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          <isin value="US60375BNK88"/>
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        <curCd>USD</curCd>
        <valUSD>4185324.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MOUNDS VIEW MINN MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>MOUNDS VIEW MIN 3.375% MT</title>
        <cusip>620646AC3</cusip>
        <identifiers>
          <isin value="US620646AC35"/>
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        <balance>3250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3261423.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03375000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2031</title>
        <cusip>151452CF4</cusip>
        <identifiers>
          <isin value="US151452CF47"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>226152.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2032</title>
        <cusip>151452CG2</cusip>
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          <isin value="US151452CG20"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298229.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2033</title>
        <cusip>151452CH0</cusip>
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          <isin value="US151452CH03"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>343330.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2034</title>
        <cusip>151452CJ6</cusip>
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          <isin value="US151452CJ68"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>334346.92000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2035</title>
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          <isin value="US151452CK32"/>
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        <valUSD>348793.28000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2036</title>
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          <isin value="US151452CL15"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2037</title>
        <cusip>151452CM9</cusip>
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          <isin value="US151452CM97"/>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2038</title>
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          <isin value="US151452CN70"/>
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        <valUSD>395286.21000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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        <title>CENTER CITY HLT 5% 11/1/2039</title>
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          <isin value="US151452CP29"/>
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        <balance>385000.00000000</balance>
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        <valUSD>409215.81000000</valUSD>
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        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
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      <invstOrSec>
        <name>EASTERN CARVER COUNTY SCHOOLS INDEPENDENT SCHOOL DISTRICT NO 112</name>
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          <isin value="US27631EAL39"/>
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        <valUSD>2603165.77000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-01</maturityDt>
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          <annualizedRt>0.03250000</annualizedRt>
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        <name>MINNEAPOLIS and ST PAUL MN HSG and HSP</name>
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          <isin value="US603695KA49"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
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        <name>MINNEAPOLIS and ST PAUL MN HSG and HSP</name>
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          <isin value="US603695KB22"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MINNEAPOLIS and ST PAUL MN HSG and HSP</name>
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        <title>MINN-ST HSG HSP 5% 8/15/2041</title>
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          <isin value="US603695KC05"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASHINGTON CNTY MINN</name>
        <lei>N/A</lei>
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          <isin value="US937785VU45"/>
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        <curCd>USD</curCd>
        <valUSD>1388391.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WACONIA MINN ISD NO 110</name>
        <lei>N/A</lei>
        <title>WACONIA MN ISD 5% 2/1/2037</title>
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          <isin value="US930047QT51"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ROCHESTER MN HEALTH CARE FACS</name>
        <lei>N/A</lei>
        <title>ROCHSTR MN HLTH 4.375% 11/15/53</title>
        <cusip>771902HQ9</cusip>
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          <isin value="US771902HQ99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>950351.30000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04375000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAITE PARK MN</name>
        <lei>N/A</lei>
        <title>WAITE PARK MN 5% 12/15/2029</title>
        <cusip>930727N65</cusip>
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          <isin value="US930727N656"/>
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        <curCd>USD</curCd>
        <valUSD>1187845.89000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WAITE PARK MN</name>
        <lei>N/A</lei>
        <title>WAITE PARK MN 5% 12/15/2030</title>
        <cusip>930727N73</cusip>
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          <isin value="US930727N730"/>
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        <balance>680000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>744898.18000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>HOPKINS MINN IND SCH DST 270</name>
        <lei>N/A</lei>
        <title>HOPKINS MN 3% 2/1/2033</title>
        <cusip>439881NB5</cusip>
        <identifiers>
          <isin value="US439881NB55"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2909195.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>MOORHEAD MINN PUB UTIL REV</name>
        <lei>N/A</lei>
        <title>MOORH MN 616183 2.625% 11/1/2033</title>
        <cusip>616183JS9</cusip>
        <identifiers>
          <isin value="US616183JS92"/>
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        <balance>755000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>687401.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02625000</annualizedRt>
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        <name>MOORHEAD MINN PUB UTIL REV</name>
        <lei>N/A</lei>
        <title>MOORH MN 616183 2.75% 11/1/2036</title>
        <cusip>616183JV2</cusip>
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          <isin value="US616183JV22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02750000</annualizedRt>
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        <name>MOORHEAD MINN PUB UTIL REV</name>
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        <title>MOORH MN 616183 2.75% 11/1/2035</title>
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          <isin value="US616183JU49"/>
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          <annualizedRt>0.02750000</annualizedRt>
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        <name>APPLE VY MINN SR HSG REV</name>
        <lei>N/A</lei>
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        <cusip>03800RBJ4</cusip>
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          <isin value="US03800RBJ41"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
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        <name>APPLE VY MINN SR HSG REV</name>
        <lei>N/A</lei>
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          <isin value="US03800RBK14"/>
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        <name>ST CLOUD MN INDPT SCH DIST 742</name>
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          <isin value="US789177ST02"/>
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        <name>ST CLOUD MN INDPT SCH DIST 742</name>
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        <title>ST CLOUD MN SD 0% 2/1/2030</title>
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          <isin value="US789177SW31"/>
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      <invstOrSec>
        <name>WOODBURY MINN HSG and REDEV AUTHMULTIFAMILY HSG REV</name>
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        <title>WOODBURY MIN HS 3.2% MT</title>
        <cusip>97914AAE8</cusip>
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          <isin value="US97914AAE82"/>
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        <balance>2600000.00000000</balance>
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        <valUSD>2607385.56000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03200000</annualizedRt>
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      <invstOrSec>
        <name>ST LOUIS PARK MN</name>
        <lei>N/A</lei>
        <title>CITY OF ST LOUI 2.125% 2/1/2042</title>
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          <isin value="US791740Q890"/>
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        <valUSD>330525.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02125000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ST LOUIS PARK MN</name>
        <lei>N/A</lei>
        <title>CITY OF ST LOUI 2% 2/1/2041</title>
        <cusip>791740Q71</cusip>
        <identifiers>
          <isin value="US791740Q718"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ST LOUIS PARK MN</name>
        <lei>N/A</lei>
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          <isin value="US791740Q635"/>
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      </invstOrSec>
      <invstOrSec>
        <name>NOBLES CNTY MINN</name>
        <lei>N/A</lei>
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          <isin value="US655124JK25"/>
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        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02125000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ELK RIVER MINN</name>
        <lei>N/A</lei>
        <title>ELK R MN 287407 2% 8/1/2037</title>
        <cusip>2874076E5</cusip>
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          <isin value="US2874076E56"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>MURRAY CNTY MINN</name>
        <lei>N/A</lei>
        <title>MURRA MN 627015 2.25% 4/1/2039</title>
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          <isin value="US627015ND86"/>
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        <curCd>USD</curCd>
        <valUSD>492999.17000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MURRAY CNTY MINN</name>
        <lei>N/A</lei>
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        <cusip>627015NE6</cusip>
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          <isin value="US627015NE69"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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      <invstOrSec>
        <name>MURRAY CNTY MINN</name>
        <lei>N/A</lei>
        <title>MURRA MN 627015 2.25% 4/1/2038</title>
        <cusip>627015NC0</cusip>
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          <isin value="US627015NC04"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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      <invstOrSec>
        <name>MURRAY CNTY MINN</name>
        <lei>N/A</lei>
        <title>MURRA MN 627015 2.125% 4/1/2037</title>
        <cusip>627015NB2</cusip>
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          <isin value="US627015NB21"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.02125000</annualizedRt>
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      <invstOrSec>
        <name>MURRAY CNTY MINN</name>
        <lei>N/A</lei>
        <title>MURRA MN 627015 2% 4/1/2036</title>
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          <isin value="US627015NA48"/>
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        <valUSD>485550.07000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>MCGREGOR MINN INDPT SCH DIST NO 004</name>
        <lei>N/A</lei>
        <title>MCGREGOR MN IND 2% 2/1/2041</title>
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          <isin value="US580705JB80"/>
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        <balance>440000.00000000</balance>
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        <valUSD>304596.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>ELK RIVER MINN ELEC REV</name>
        <lei>N/A</lei>
        <title>ELK R MN 287423 2% 8/1/2036</title>
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          <isin value="US287423ER49"/>
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        <name>EDEN PRAIRIE MN INDPT SCH DIST</name>
        <lei>N/A</lei>
        <title>EDEN PRAIRE SCH 2% 2/1/2040</title>
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          <isin value="US279533XE86"/>
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        <name>EDEN PRAIRIE MN INDPT SCH DIST</name>
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          <isin value="US279533XD04"/>
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        <name>CENTRAL MINN MUN PWR AGY REV</name>
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        <name>CENTRAL MINN MUN PWR AGY REV</name>
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        <name>CENTRAL MINN MUN PWR AGY REV</name>
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        <name>BURNSVILLE MN</name>
        <lei>N/A</lei>
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          <isin value="US1224582Y74"/>
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        <name>CENTRAL MINN MUN PWR AGY REV</name>
        <lei>N/A</lei>
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          <isin value="US154136BD63"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GUAM GOVT BUSINESS PRIVILEGE TAX REV</name>
        <lei>N/A</lei>
        <title>GUAM GOVT BUS 5% 1/1/2028</title>
        <cusip>40065NCU9</cusip>
        <identifiers>
          <isin value="US40065NCU90"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1595380.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GUAM GOVT BUSINESS PRIVILEGE TAX REV</name>
        <lei>N/A</lei>
        <title>GUAM GOVT BUS 5% 1/1/2032</title>
        <cusip>40065NCY1</cusip>
        <identifiers>
          <isin value="US40065NCY13"/>
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        <curCd>USD</curCd>
        <valUSD>1372305.58000000</valUSD>
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        <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>
      <invstOrSec>
        <name>AITKIN CNTY MINN</name>
        <lei>N/A</lei>
        <title>AITKIN CNTY MN 3.20% 2/1/2038</title>
        <cusip>009572DL9</cusip>
        <identifiers>
          <isin value="US009572DL92"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>230111.78000000</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>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03200000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA HEALTH and EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5% 12/1/2027</title>
        <cusip>60410PAC6</cusip>
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          <isin value="US60410PAC68"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1034713.50000000</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>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA HEALTH and EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5% 12/1/2028</title>
        <cusip>60410PAD4</cusip>
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          <isin value="US60410PAD42"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1053217.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA HEALTH and EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5% 12/1/2029</title>
        <cusip>60410PAE2</cusip>
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          <isin value="US60410PAE25"/>
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        <curCd>USD</curCd>
        <valUSD>801582.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA HEALTH and EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5% 12/1/2030</title>
        <cusip>60410PAF9</cusip>
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          <isin value="US60410PAF99"/>
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        <balance>675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>730793.41000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA HEALTH and EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5% 12/1/2031</title>
        <cusip>60410PAG7</cusip>
        <identifiers>
          <isin value="US60410PAG72"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>684389.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CROSBY IRONTON MINN INDPT SCHDIST NO 182</name>
        <lei>N/A</lei>
        <title>CROSB MN 227317 2% 2/1/2035</title>
        <cusip>227317GC2</cusip>
        <identifiers>
          <isin value="US227317GC23"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>315138.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</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>CROSBY IRONTON MINN INDPT SCHDIST NO 182</name>
        <lei>N/A</lei>
        <title>CROSB MN 227317 2% 2/1/2036</title>
        <cusip>227317GD0</cusip>
        <identifiers>
          <isin value="US227317GD06"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>450256.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
        <title>LAKEVILLE MN SD 2% 2/1/2034</title>
        <cusip>512462YN6</cusip>
        <identifiers>
          <isin value="US512462YN67"/>
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        <balance>720000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>613517.04000000</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>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>WEST ST PAUL MN INDEPT SCH DIS</name>
        <lei>N/A</lei>
        <title>WEST ST PAUL MN 2% 2/1/2032</title>
        <cusip>955686TW0</cusip>
        <identifiers>
          <isin value="US955686TW07"/>
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        <balance>765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>687446.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>BIG LAKE MINN INDPT SCH DIST NO 727</name>
        <lei>N/A</lei>
        <title>BIG LAKE MN 727 2% 2/1/2034</title>
        <cusip>089275PU9</cusip>
        <identifiers>
          <isin value="US089275PU99"/>
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        <balance>640000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MOORHEAD MN</name>
        <lei>N/A</lei>
        <title>MOORHEAD MN 3.25% 9/1/2028</title>
        <cusip>616142WT8</cusip>
        <identifiers>
          <isin value="US616142WT86"/>
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        <balance>2125000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03250000</annualizedRt>
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        <name>MINNEAPOLIS MN REVENUE</name>
        <lei>N/A</lei>
        <title>MINN MN REV 5% 12/1/2028</title>
        <cusip>603786JT2</cusip>
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          <isin value="US603786JT25"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MINNEAPOLIS MN REVENUE</name>
        <lei>N/A</lei>
        <title>MINN MN REV 5% 12/1/2029</title>
        <cusip>603786JU9</cusip>
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          <isin value="US603786JU97"/>
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        <balance>300000.00000000</balance>
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        <valUSD>323772.84000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNEAPOLIS MN REVENUE</name>
        <lei>N/A</lei>
        <title>MINN MN REV 5% 12/1/2030</title>
        <cusip>603786JV7</cusip>
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          <isin value="US603786JV70"/>
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        <balance>310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>339718.86000000</valUSD>
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        <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>
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        <name>MINNEAPOLIS MN REVENUE</name>
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      <invstOrSec>
        <name>BECKER MINN</name>
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        <name>NORTH MANKATO MINN FOR ISSUESDTD PRIOR TO 08/01/07 SEE 660750</name>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5% 3/1/2045</title>
        <cusip>60410PBC5</cusip>
        <identifiers>
          <isin value="US60410PBC59"/>
        </identifiers>
        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>237304.35000000</valUSD>
        <pctVal>0.041225655152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-01</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>MINNESOTA HEALTH and EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5% 3/1/2046</title>
        <cusip>60410PBD3</cusip>
        <identifiers>
          <isin value="US60410PBD33"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>298705.59000000</valUSD>
        <pctVal>0.051892574432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</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>MINNESOTA HEALTH and EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5% 3/1/2051</title>
        <cusip>60410PBE1</cusip>
        <identifiers>
          <isin value="US60410PBE16"/>
        </identifiers>
        <balance>1150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1177909.81000000</valUSD>
        <pctVal>0.204632168049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-03-01</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>MINNESOTA HEALTH and EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5.25% 3/1/2056</title>
        <cusip>60410PBF8</cusip>
        <identifiers>
          <isin value="US60410PBF80"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1035834.70000000</valUSD>
        <pctVal>0.179950195339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA HEALTH and EDUCATION FACILITIES AUTHORITY</name>
        <lei>N/A</lei>
        <title>MINNESOTA HEALT 5.50% 3/1/2066</title>
        <cusip>60410PBG6</cusip>
        <identifiers>
          <isin value="US60410PBG63"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3156471.60000000</valUSD>
        <pctVal>0.548357456073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</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>MINNESOTA ST HSG FIN AGY</name>
        <lei>N/A</lei>
        <title>MN HFA 6% 7/1/56</title>
        <cusip>60416UZX6</cusip>
        <identifiers>
          <isin value="US60416UZX61"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11223101.00000000</valUSD>
        <pctVal>1.949731185166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</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>MINNESOTA MUNICIPAL GAS AGENCY</name>
        <lei>N/A</lei>
        <title>MINNESOTA MUNICIPAL GAS AGENCY 5% 9/1/2035</title>
        <cusip>60406XAJ0</cusip>
        <identifiers>
          <isin value="US60406XAJ00"/>
        </identifiers>
        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6181978.80000000</valUSD>
        <pctVal>1.073963145515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
