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      <invstOrSec>
        <name>PORTAGE MI PUB SCHS</name>
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        <name>PORTAGE MI PUB SCHS</name>
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        <name>WARREN MI CSD</name>
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          <isin value="US935341G275"/>
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      <invstOrSec>
        <name>YPSILANTI MICH SCH DIST</name>
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        <name>MICHIGAN FIN AUTH RE</name>
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        <name>DETROIT MI SEW DISP REV</name>
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        <name>GRAND RAPIDS MI PUB SCHS</name>
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        <name>MACOMB INTERCEPTOR DRAIN DRAINAGE DISTRICT</name>
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        <name>MICHIGAN HSG DEV RENTAL HSG</name>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <title>WAYNE CO MI AAR 5% 12/1/2037</title>
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          <isin value="US944514VH87"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 12/1/2030</title>
        <cusip>59447TQJ5</cusip>
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          <isin value="US59447TQJ50"/>
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        <valUSD>734842.83000000</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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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 4% 12/1/2048</title>
        <cusip>594654CM5</cusip>
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          <isin value="US594654CM52"/>
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        <curCd>USD</curCd>
        <valUSD>300759.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>GREAT LAKES SEWER AUTH MICH</name>
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        <cusip>39081HAD4</cusip>
        <identifiers>
          <isin value="US39081HAD44"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15090.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>GRAND RAPIDS MI SAN SWR SYS</name>
        <lei>N/A</lei>
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        <cusip>386289LU4</cusip>
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          <isin value="US386289LU48"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>567832.98000000</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>GRAND RAPIDS MI SAN SWR SYS</name>
        <lei>N/A</lei>
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        <cusip>386289LY6</cusip>
        <identifiers>
          <isin value="US386289LY69"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>671536.79000000</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>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WARREN MI CSD</name>
        <lei>N/A</lei>
        <title>WARREN MI CSD 5% 5/1/2032</title>
        <cusip>935341J73</cusip>
        <identifiers>
          <isin value="US935341J733"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1145540.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN HSG DEV RENTAL HSG</name>
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          <isin value="US59465M4K86"/>
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        <balance>3965000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3845472.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03800000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 11/1/2035</title>
        <cusip>59447TSH7</cusip>
        <identifiers>
          <isin value="US59447TSH76"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1037258.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 11/1/2036</title>
        <cusip>59447TSJ3</cusip>
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          <isin value="US59447TSJ33"/>
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        <balance>1250000.00000000</balance>
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        <valUSD>1293222.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 5% 11/1/2038</title>
        <cusip>59447TSL8</cusip>
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          <isin value="US59447TSL88"/>
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        <balance>1595000.00000000</balance>
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        <valUSD>1642251.08000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>DOWNRIVER UTIL WASTEWATER AUTHMICH SWR SYS REV</name>
        <lei>N/A</lei>
        <title>DOWNRIVER UTIL 5% 4/1/2033</title>
        <cusip>26111PAN5</cusip>
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          <isin value="US26111PAN50"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>DOWNRIVER UTIL WASTEWATER AUTHMICH SWR SYS REV</name>
        <lei>N/A</lei>
        <title>DOWNRIVER UTIL 5% 4/1/2034</title>
        <cusip>26111PAP0</cusip>
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          <isin value="US26111PAP09"/>
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        <fairValLevel>2</fairValLevel>
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        <name>DOWNRIVER UTIL WASTEWATER AUTHMICH SWR SYS REV</name>
        <lei>N/A</lei>
        <title>DOWNRIVER UTIL 5% 4/1/2035</title>
        <cusip>26111PAQ8</cusip>
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          <isin value="US26111PAQ81"/>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 4.25% 6/1/2049</title>
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          <isin value="US594654DQ57"/>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2030 @</title>
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          <isin value="US944514ZX91"/>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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          <isin value="US944514ZY74"/>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN HSG DEV RENTAL HSG</name>
        <lei>N/A</lei>
        <title>MI ST HDA RENTL 3.35% 10/1/2049</title>
        <cusip>59465M6M2</cusip>
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          <isin value="US59465M6M25"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2351840.40000000</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>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03350000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN HSG DEV RENTAL HSG</name>
        <lei>N/A</lei>
        <title>MI ST HDA RENTL 3.6% 10/1/2060</title>
        <cusip>59465M6P5</cusip>
        <identifiers>
          <isin value="US59465M6P55"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1959635.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03600000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN 3.75% MT</title>
        <cusip>594654GD1</cusip>
        <identifiers>
          <isin value="US594654GD18"/>
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        <balance>1185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1186448.07000000</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>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>GROSSE POINTE PARK MICH</name>
        <lei>N/A</lei>
        <title>GROSS MI 2.375% 10/1/2039</title>
        <cusip>399136CF5</cusip>
        <identifiers>
          <isin value="US399136CF53"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>397192.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02375000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 4% 12/1/2049</title>
        <cusip>59447TXH1</cusip>
        <identifiers>
          <isin value="US59447TXH12"/>
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        <balance>8180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7043131.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
        <title>MICHIGAN FIN AU 3% 12/1/2049</title>
        <cusip>59447TXJ7</cusip>
        <identifiers>
          <isin value="US59447TXJ77"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1435524.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRANDVILLE MICH PUB SCHS DIST</name>
        <lei>N/A</lei>
        <title>GRANDVILLE MICH 4% 5/1/2039</title>
        <cusip>386892RP0</cusip>
        <identifiers>
          <isin value="US386892RP06"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1000783.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRANDVILLE MICH PUB SCHS DIST</name>
        <lei>N/A</lei>
        <title>GRANDVILLE MICH 4% 5/1/2040</title>
        <cusip>386892RQ8</cusip>
        <identifiers>
          <isin value="US386892RQ88"/>
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        <balance>1300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1303540.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAGINAW MI HOSP FIN AUTH HOSP</name>
        <lei>N/A</lei>
        <title>SAGINAW HOSP 4% 7/1/2036</title>
        <cusip>786744JB9</cusip>
        <identifiers>
          <isin value="US786744JB94"/>
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        <balance>770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>773874.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAGINAW MI HOSP FIN AUTH HOSP</name>
        <lei>N/A</lei>
        <title>SAGINAW HOSP 4% 7/1/2039</title>
        <cusip>786744JE3</cusip>
        <identifiers>
          <isin value="US786744JE34"/>
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        <balance>1430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1409006.31000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SAGINAW MI HOSP FIN AUTH HOSP</name>
        <lei>N/A</lei>
        <title>SAGINAW HOSP 4% 7/1/2040</title>
        <cusip>786744JF0</cusip>
        <identifiers>
          <isin value="US786744JF09"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>478375.39000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>FLINT MI HOSP BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>FLINT MI BLDG 4% 7/1/2038</title>
        <cusip>339511EX1</cusip>
        <identifiers>
          <isin value="US339511EX19"/>
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        <balance>1800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1692719.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>FLINT MI HOSP BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>FLINT MI BLDG 4% 7/1/2041</title>
        <cusip>339511EY9</cusip>
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          <isin value="US339511EY91"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
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      <invstOrSec>
        <name>FERNDALE MICH PUB SCHS</name>
        <lei>N/A</lei>
        <title>FERNDALE MI PUB 3% 5/1/2045</title>
        <cusip>315162EZ6</cusip>
        <identifiers>
          <isin value="US315162EZ68"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>796695.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>FARMINGTON MICH PUB SCH DIST</name>
        <lei>N/A</lei>
        <title>FARMINGTON PUBI 4% 5/1/2040</title>
        <cusip>311261UU3</cusip>
        <identifiers>
          <isin value="US311261UU39"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2966024.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
        <lei>N/A</lei>
        <title>MICHIGAN MT 3.50% 12/1/2050</title>
        <cusip>594654JK2</cusip>
        <identifiers>
          <isin value="US594654JK24"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1696666.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
        <lei>N/A</lei>
        <title>MI STRAT FND 4% 5/15/2027</title>
        <cusip>594698RQ7</cusip>
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          <isin value="US594698RQ75"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275074.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <name>WESTERN MI UNIV REVS</name>
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        <name>WESTERN MI UNIV REVS</name>
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        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
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        <name>MICHIGAN ST HSG DEV AUTH RENTHSG REV</name>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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          <isin value="US944514E537"/>
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        <name>GRAND TRAVERSE CNTY MI HOSP</name>
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        <name>KENTWOOD MICH ECONOMIC DEV</name>
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        <name>KENTWOOD MICH ECONOMIC DEV</name>
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      <invstOrSec>
        <name>KENTWOOD MICH ECONOMIC DEV</name>
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      <invstOrSec>
        <name>MICHIGAN TECHNOLOGICAL UNIV</name>
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          <isin value="US594746PY95"/>
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      <invstOrSec>
        <name>MICHIGAN ST BLDG AUTH REV</name>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
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        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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        <cusip>594698SQ6</cusip>
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        <name>MICHIGAN ST STRATEGIC FD LTD OBLIG REV</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>KALAMAZOO MI HFA HOSP FAC REV</name>
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          <isin value="US483233QP00"/>
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        <name>KALAMAZOO MI HFA HOSP FAC REV</name>
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          <isin value="US483233QR65"/>
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        <fairValLevel>2</fairValLevel>
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        <name>KALAMAZOO MI HFA HOSP FAC REV</name>
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          <isin value="US483233RF19"/>
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        <name>PORTAGE MI PUB SCHS</name>
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        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
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        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
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        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
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        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
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        <name>PENNFIELD MICH SCHS DIST</name>
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        <name>KALAMAZOO CNTY MICH</name>
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        <name>PUERTO RICO COMWLTH</name>
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        <name>GUAM POWER AUTH.</name>
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        <name>MICHIGAN FIN AUTH RE</name>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <name>HOLLAND MI SCH DIST</name>
        <lei>N/A</lei>
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        <name>HOLLAND MI SCH DIST</name>
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        <name>MICHIGAN ST BLDG AUTH REV</name>
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        <name>WAYNE ST UNIV MI UNIV REVS</name>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <name>MICHIGAN FIN AUTH LTD OBLIG REV</name>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <name>LANSING MICH BRD WTR and LT UTIL SYS REV</name>
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        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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        <name>GERALD R FORD INTL ARPT AUTH MICH REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>BIRMINGHAM CIY SCHOOL DISTRICT/MI</name>
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          <isin value="US091212JG63"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2030</title>
        <cusip>084482CT3</cusip>
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          <isin value="US084482CT30"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
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        <title>BERKLEY MI SCD 5% 5/1/2031</title>
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          <isin value="US084482CU03"/>
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        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
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          <isin value="US084482CV85"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
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        <cusip>084482CZ9</cusip>
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          <isin value="US084482CZ99"/>
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        <curCd>USD</curCd>
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        <debtSec>
          <maturityDt>2036-05-01</maturityDt>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
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        <title>BERKLEY MI SCD 5% 5/1/2037</title>
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          <isin value="US084482DA30"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2038</title>
        <cusip>084482DB1</cusip>
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          <isin value="US084482DB13"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2039</title>
        <cusip>084482DC9</cusip>
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          <isin value="US084482DC95"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2040</title>
        <cusip>084482DD7</cusip>
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          <isin value="US084482DD78"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>BERKLEY MI SCD 5% 5/1/2033</title>
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          <isin value="US084482CW68"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
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          <isin value="US084482DE51"/>
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      <invstOrSec>
        <name>UTICA MI CMNTY SCHS</name>
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          <isin value="US9176612L36"/>
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        <name>GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV</name>
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          <isin value="US39081JHH41"/>
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      <invstOrSec>
        <name>MICHIGAN ST UNIV REVS</name>
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          <isin value="US594712ZH78"/>
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        <name>DETROIT MI DOWNTOWN DEV AUTH TAX</name>
        <lei>N/A</lei>
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          <isin value="US251135HU61"/>
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        <name>MICHIGAN ST BLDG AUTH REV</name>
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        <cusip>594615MP8</cusip>
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          <isin value="US594615MP89"/>
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        <name>MICHIGAN ST BLDG AUTH REV</name>
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          <isin value="US594615LS38"/>
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      </invstOrSec>
      <invstOrSec>
        <name>DETROIT MI</name>
        <lei>N/A</lei>
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          <isin value="US2510936V71"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MATTAWAN CONSOLIDATED SCHOOL DISTRICT/MI</name>
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          <isin value="US577056MR21"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WAYNE ST UNIV MI UNIV REVS</name>
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          <isin value="US946303J474"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-15</maturityDt>
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      <invstOrSec>
        <name>WAYNE ST UNIV MI UNIV REVS</name>
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          <isin value="US946303J540"/>
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      <invstOrSec>
        <name>COUNTY OF GENESEE MI WATER SUPPLY SYSTEM REVENUE</name>
        <lei>N/A</lei>
        <title>COUNTY OF GENESEE MI WATER SUPPLY SYSTEM REVENUE 5% 11/1/2037</title>
        <cusip>371646AN0</cusip>
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          <isin value="US371646AN08"/>
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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>COUNTY OF GENESEE MI WATER SUPPLY SYSTEM REVENUE</name>
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        <cusip>371646AP5</cusip>
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          <isin value="US371646AP55"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>KAREGNONDI WTR AUTH MICH</name>
        <lei>N/A</lei>
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        <cusip>48563UCR0</cusip>
        <identifiers>
          <isin value="US48563UCR05"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MICHIGAN FIN AUTH RE</name>
        <lei>N/A</lei>
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        <cusip>59447T8A4</cusip>
        <identifiers>
          <isin value="US59447T8A46"/>
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        <balance>3000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FERRIS ST UNIV MICH REV</name>
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        <title>FERRIS ST UNIV 5% 10/1/2043</title>
        <cusip>315361MV4</cusip>
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          <isin value="US315361MV46"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FERRIS ST UNIV MICH REV</name>
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        <cusip>315361MW2</cusip>
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          <isin value="US315361MW29"/>
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        <name>FERRIS ST UNIV MICH REV</name>
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        <name>FERRIS ST UNIV MICH REV</name>
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      <invstOrSec>
        <name>LANSE CREUSE MICH PUB SCH</name>
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          <isin value="US516228TM53"/>
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        <name>BERKLEY MICH SCH DIST</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
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      <invstOrSec>
        <name>BERKLEY MICH SCH DIST</name>
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      <invstOrSec>
        <name>WOODHAVEN BROWNSTOWN MI SD</name>
        <lei>N/A</lei>
        <title>WOODHAVEN BROWN 3% 11/1/2046</title>
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          <isin value="US97942NGK63"/>
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        <balance>1000000.00000000</balance>
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        <name>WARREN MI CSD</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV</name>
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      <invstOrSec>
        <name>CRESTWOOD MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>CREST MI 226363 5% 5/1/2045</title>
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          <isin value="US226363HR38"/>
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          <maturityDt>2045-05-01</maturityDt>
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      <invstOrSec>
        <name>WYANDOTTE MICH CITY SCH DIST</name>
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          <isin value="US982781JW72"/>
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        <curCd>USD</curCd>
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          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>WYANDOTTE MICH CITY SCH DIST</name>
        <lei>N/A</lei>
        <title>WYANDOTTE MICH 5% 5/1/2041</title>
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          <isin value="US982781JX55"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-05-01</maturityDt>
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        <name>WARREN MICH</name>
        <lei>N/A</lei>
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          <isin value="US935325DW79"/>
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        <curCd>USD</curCd>
        <valUSD>1410955.02000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WOODHAVEN BROWNSTOWN MI SD</name>
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          <isin value="US97942NHQ25"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WESTERN MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WESTRN MI UNIV/AGM 5.25% 11/15/54</title>
        <cusip>958638B64</cusip>
        <identifiers>
          <isin value="US958638B640"/>
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        <curCd>USD</curCd>
        <valUSD>1033112.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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      <invstOrSec>
        <name>GRAND RAPIDS MI</name>
        <lei>N/A</lei>
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        <cusip>386226P73</cusip>
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          <isin value="US386226P737"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>LANSING MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>LANSING MICH SC 5% 5/1/2031</title>
        <cusip>516444UL8</cusip>
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          <isin value="US516444UL83"/>
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      <invstOrSec>
        <name>LANSING MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>LANSING MICH SC 5% 5/1/2032</title>
        <cusip>516444UM6</cusip>
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          <isin value="US516444UM66"/>
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      <invstOrSec>
        <name>MICHIGAN ST UNIV REVS</name>
        <lei>N/A</lei>
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          <isin value="US594712C666"/>
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        <name>LANSING MICH SCH DIST</name>
        <lei>N/A</lei>
        <title>LANSING MICH SC 5% 5/1/2036</title>
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          <isin value="US516444UR53"/>
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        <name>LANSING MICH SCH DIST</name>
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        <title>LANSING MICH SC 5% 5/1/2037</title>
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          <isin value="US516444US37"/>
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        <name>LANSING MICH SCH DIST</name>
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        <title>LANSING MICH SC 5% 5/1/2038</title>
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          <isin value="US516444UT10"/>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2029</title>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>MI BLDG 5.25% 10/15/50</title>
        <cusip>594615PE0</cusip>
        <identifiers>
          <isin value="US594615PE06"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2123353.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST BLDG AUTH REV</name>
        <lei>N/A</lei>
        <title>MI BLDG(MI ST) 5% 10/15/50</title>
        <cusip>594615PD2</cusip>
        <identifiers>
          <isin value="US594615PD23"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2081676.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLARKSTON MI CMNTY SCHS</name>
        <lei>N/A</lei>
        <title>CLARKSTON MI SD 5.25% 5/1/2050</title>
        <cusip>182252ZP4</cusip>
        <identifiers>
          <isin value="US182252ZP45"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2089629.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR and WST</name>
        <lei>N/A</lei>
        <title>GUAM GVT WTSW 5.25% 7/1/2039</title>
        <cusip>40065FFB5</cusip>
        <identifiers>
          <isin value="US40065FFB58"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1087549.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR and WST</name>
        <lei>N/A</lei>
        <title>GUAM GVT WTSW 5.25% 7/1/2040</title>
        <cusip>40065FFC3</cusip>
        <identifiers>
          <isin value="US40065FFC32"/>
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        <balance>1105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1191969.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GUAM GOVT WTRWKS AUTH WTR and WST</name>
        <lei>N/A</lei>
        <title>GUAM GVT WTSW 5.50% 7/1/2043</title>
        <cusip>40065FFF6</cusip>
        <identifiers>
          <isin value="US40065FFF62"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>807807.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KALAMAZOO CNTY MICH</name>
        <lei>N/A</lei>
        <title>KALAM MI 2% 5/1/2037</title>
        <cusip>483195ZR7</cusip>
        <identifiers>
          <isin value="US483195ZR78"/>
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        <balance>2495000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1935941.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-05-01</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>SAGINAW CNTY MI</name>
        <lei>N/A</lei>
        <title>SAGANAW CNTY MI 3% 12/1/2040</title>
        <cusip>7867027J3</cusip>
        <identifiers>
          <isin value="US7867027J35"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>428594.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</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>PORTAGE MICH</name>
        <lei>N/A</lei>
        <title>PORTAGE MICH 2% 7/1/2037</title>
        <cusip>735764HV7</cusip>
        <identifiers>
          <isin value="US735764HV78"/>
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        <balance>810000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>618059.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</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>PORTAGE MICH</name>
        <lei>N/A</lei>
        <title>PORTAGE MICH 2% 7/1/2036</title>
        <cusip>735764HU9</cusip>
        <identifiers>
          <isin value="US735764HU95"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>623673.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MIDLAND CNTY MICH WTR SUPPLY SYS LEE TWP</name>
        <lei>N/A</lei>
        <title>MIDLAND CNTY MI 3% 9/1/2048</title>
        <cusip>59748CAN6</cusip>
        <identifiers>
          <isin value="US59748CAN65"/>
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        <balance>695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>519908.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BARRY CNTY MICH</name>
        <lei>N/A</lei>
        <title>BARRY MI 068815 2% 3/1/2037</title>
        <cusip>068815QL6</cusip>
        <identifiers>
          <isin value="US068815QL66"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>197606.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>PORTAGE MICH</name>
        <lei>N/A</lei>
        <title>PORTAGE MICH 2% 7/1/2035</title>
        <cusip>735764HT2</cusip>
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          <isin value="US735764HT23"/>
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        <curCd>USD</curCd>
        <valUSD>630281.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>BRIGHTON MI AREA SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>BRIGHTON MI SD 3% 5/1/2036</title>
        <cusip>109367VP4</cusip>
        <identifiers>
          <isin value="US109367VP44"/>
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        <balance>1260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1131898.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>WAYNE ST UNIV MI UNIV REVS</name>
        <lei>N/A</lei>
        <title>WAYNE ST U MI 5.25% 11/15/2055</title>
        <cusip>946303M35</cusip>
        <identifiers>
          <isin value="US946303M353"/>
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        <balance>1000000.00000000</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>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ORION CHARTER TWP MICH</name>
        <lei>N/A</lei>
        <title>ORION MI 2% 4/1/2034</title>
        <cusip>686269CB5</cusip>
        <identifiers>
          <isin value="US686269CB56"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>667319.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHARLES STEWART MOTT CMNTY COLLEGE DIST MI</name>
        <lei>N/A</lei>
        <title>CHARLES STEWART 2.125% 5/1/2034</title>
        <cusip>15987EHR8</cusip>
        <identifiers>
          <isin value="US15987EHR80"/>
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        <balance>825000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>689261.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02125000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KENT MI HOSP FIN AUTH</name>
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      <invstOrSec>
        <name>GENESEE CNTY MI</name>
        <lei>N/A</lei>
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          <isin value="US371608XR60"/>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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          <isin value="US944514Y519"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
        <title>WAYNE CO MI AAR 5% 12/1/2042 @</title>
        <cusip>944514Y69</cusip>
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          <isin value="US944514Y691"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
        <lei>N/A</lei>
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        <cusip>944514Y77</cusip>
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          <isin value="US944514Y774"/>
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          <maturityDt>2043-12-01</maturityDt>
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        <name>WAYNE CNTY MICH ARPT AUTH REV</name>
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        <title>WAYNE CO MI AAR 5% 12/1/2044 @</title>
        <cusip>944514Y85</cusip>
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          <isin value="US944514Y857"/>
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          <maturityDt>2044-12-01</maturityDt>
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      <invstOrSec>
        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID WTR 5% 1/1/2028</title>
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          <isin value="US386316PY39"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
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      <invstOrSec>
        <name>GRAND RAPIDS MI SAN SWR SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID SWR 5% 1/1/2028</title>
        <cusip>386289NR9</cusip>
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          <isin value="US386289NR90"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
        <lei>N/A</lei>
        <title>GRAND RAPID WTR 5% 1/1/2029</title>
        <cusip>386316PZ0</cusip>
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          <isin value="US386316PZ04"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>GRAND RAPIDS MI SAN SWR SYS</name>
        <lei>N/A</lei>
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        <cusip>386289NS7</cusip>
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          <isin value="US386289NS73"/>
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        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
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        <name>GRAND RAPIDS MI SAN SWR SYS</name>
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        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
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        <name>GRAND RAPIDS MI SAN SWR SYS</name>
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        <name>GRAND RAPIDS MI WTR SUPPLY SYS</name>
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        <name>GRAND RAPIDS MI SAN SWR SYS</name>
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        <name>LANSING MICH BRD WTR and LT UTIL SYS REV</name>
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        <name>OKEMOS MICH SCHOOL DIST</name>
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        <curCd>USD</curCd>
        <valUSD>179536.46000000</valUSD>
        <pctVal>0.036489594317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OKEMOS MICH SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>OKEMOS MI SD 5% 5/1/2028</title>
        <cusip>678467PK1</cusip>
        <identifiers>
          <isin value="US678467PK16"/>
        </identifiers>
        <balance>380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>398342.14000000</valUSD>
        <pctVal>0.080960397058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OKEMOS MICH SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>OKEMOS MI SD 5% 5/1/2030</title>
        <cusip>678467PM7</cusip>
        <identifiers>
          <isin value="US678467PM71"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>162364.68000000</valUSD>
        <pctVal>0.032999543962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OKEMOS MICH SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>OKEMOS MI SD 5% 5/1/2031</title>
        <cusip>678467PN5</cusip>
        <identifiers>
          <isin value="US678467PN54"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>109712.86000000</valUSD>
        <pctVal>0.022298410878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OKEMOS MICH SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>OKEMOS MI SD 5% 5/1/2032</title>
        <cusip>678467PP0</cusip>
        <identifiers>
          <isin value="US678467PP03"/>
        </identifiers>
        <balance>160000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>177702.46000000</valUSD>
        <pctVal>0.036116845985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OKEMOS MICH SCHOOL DIST</name>
        <lei>N/A</lei>
        <title>OKEMOS MI SD 5% 5/1/2033</title>
        <cusip>678467PQ8</cusip>
        <identifiers>
          <isin value="US678467PQ85"/>
        </identifiers>
        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>140064.49000000</valUSD>
        <pctVal>0.028467178301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HOSP FIN AUTH RE</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>MICHIGAN ST HO 5% 5/15/2033</title>
        <cusip>59465HYB6</cusip>
        <identifiers>
          <isin value="US59465HYB67"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5512682.00000000</valUSD>
        <pctVal>1.120416041292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HOSP FIN AUTH RE</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>MICHIGAN ST HO 5% 5/15/2027</title>
        <cusip>59465HYD2</cusip>
        <identifiers>
          <isin value="US59465HYD24"/>
        </identifiers>
        <balance>1120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1148546.90000000</valUSD>
        <pctVal>0.233434537115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>MICHIGAN ST HOSP FIN AUTH RE</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>MICHIGAN ST HO 5% 5/15/2028</title>
        <cusip>59465HYE0</cusip>
        <identifiers>
          <isin value="US59465HYE07"/>
        </identifiers>
        <balance>785000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>819913.66000000</valUSD>
        <pctVal>0.166642011481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HOSP FIN AUTH RE</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>MICHIGAN ST HO 5% 5/15/2029</title>
        <cusip>59465HYF7</cusip>
        <identifiers>
          <isin value="US59465HYF71"/>
        </identifiers>
        <balance>1280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1359803.90000000</valUSD>
        <pctVal>0.276371120730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HOSP FIN AUTH RE</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>MICHIGAN ST HO 5% 5/15/2030</title>
        <cusip>59465HYG5</cusip>
        <identifiers>
          <isin value="US59465HYG54"/>
        </identifiers>
        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1831602.78000000</valUSD>
        <pctVal>0.372261112828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICHIGAN ST HOSP FIN AUTH RE</name>
        <lei>54930011MIBQ2P7ZNM19</lei>
        <title>MICHIGAN ST HO 5% 5/15/2031</title>
        <cusip>59465HYH3</cusip>
        <identifiers>
          <isin value="US59465HYH38"/>
        </identifiers>
        <balance>1780000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1940687.36000000</valUSD>
        <pctVal>0.394431829965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHWEST MICH REGL ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>NW MICH REGL 5% 1/1/2038 @</title>
        <cusip>667569AH0</cusip>
        <identifiers>
          <isin value="US667569AH00"/>
        </identifiers>
        <balance>1120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1214904.99000000</valUSD>
        <pctVal>0.246921378639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHWEST MICH REGL ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>NW MICH REGL 5% 1/1/2039 @</title>
        <cusip>667569AJ6</cusip>
        <identifiers>
          <isin value="US667569AJ65"/>
        </identifiers>
        <balance>1280000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1378885.89000000</valUSD>
        <pctVal>0.280249408594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHWEST MICH REGL ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>NW MICH REGL 5% 1/1/2040 @</title>
        <cusip>667569AK3</cusip>
        <identifiers>
          <isin value="US667569AK39"/>
        </identifiers>
        <balance>725000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>776099.45000000</valUSD>
        <pctVal>0.157737063994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTHWEST MICH REGL ARPT AUTH ARPT REV</name>
        <lei>N/A</lei>
        <title>NW MICH REGL 5.25% 1/1/2056 @</title>
        <cusip>667569AU1</cusip>
        <identifiers>
          <isin value="US667569AU11"/>
        </identifiers>
        <balance>1040000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1057834.86000000</valUSD>
        <pctVal>0.214997916836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </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>
