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        <name>FRIDLEY MN INDPT SCH DIST NO14</name>
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        <name>MOORHEAD MN EDL FACS REV</name>
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          <isin value="US61615DBG43"/>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <name>MINNESOTA ST MUN PWR AGY ELEC</name>
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        <name>MINNESOTA ST</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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          <isin value="US792909FD04"/>
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        <name>ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV</name>
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          <isin value="US792909FA64"/>
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        <name>ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MINNESOTA ST HIGHER ED FACS AU</name>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
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        <name>MINNESOTA ST HIGHER ED FACS AU</name>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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        <name>ROSEVILLE MN ISD NO 623</name>
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          <isin value="US778102U504"/>
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        <name>WRIGHT CNTY MN</name>
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        <name>WEST ST PAUL MN INDEPT SCH DIS</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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          <isin value="US60416JBJ88"/>
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        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
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        <name>DELUTH MN CLINIC</name>
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        <name>DELUTH MN CLINIC</name>
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        <name>SHAKOPEE MINN SR HSG REV</name>
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        <name>ELK RIVER MN INDP SCH DIST 728</name>
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        <name>MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN</name>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
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        <name>WRIGHT CNTY MINN CTFS PARTN</name>
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        <name>VIRGINIA MN</name>
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        <name>WAYZATA MINN SR HSG REV</name>
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        <cusip>946829BQ0</cusip>
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          <isin value="US946829BQ02"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>495686.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYZATA MINN SR HSG REV</name>
        <lei>N/A</lei>
        <title>WAYZATA MINN R 5% 8/1/2054</title>
        <cusip>946829BR8</cusip>
        <identifiers>
          <isin value="US946829BR84"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>972225.10000000</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>2054-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2025</title>
        <cusip>60416JCM0</cusip>
        <identifiers>
          <isin value="US60416JCM09"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>179956.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2026</title>
        <cusip>60416JCN8</cusip>
        <identifiers>
          <isin value="US60416JCN81"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>189739.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2027</title>
        <cusip>60416JCP3</cusip>
        <identifiers>
          <isin value="US60416JCP30"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192668.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2028</title>
        <cusip>60416JCQ1</cusip>
        <identifiers>
          <isin value="US60416JCQ13"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>470632.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2029</title>
        <cusip>60416JCR9</cusip>
        <identifiers>
          <isin value="US60416JCR95"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276902.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2030</title>
        <cusip>60416JCS7</cusip>
        <identifiers>
          <isin value="US60416JCS78"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>192202.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2031</title>
        <cusip>60416JCT5</cusip>
        <identifiers>
          <isin value="US60416JCT51"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>427437.09000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2032</title>
        <cusip>60416JCU2</cusip>
        <identifiers>
          <isin value="US60416JCU25"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>646853.06000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2033</title>
        <cusip>60416JCV0</cusip>
        <identifiers>
          <isin value="US60416JCV08"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>693002.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2034</title>
        <cusip>60416JCW8</cusip>
        <identifiers>
          <isin value="US60416JCW80"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>204931.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>SOUTHERN MN MUN PWR AGY PWR</name>
        <lei>N/A</lei>
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        <cusip>84338FAQ6</cusip>
        <identifiers>
          <isin value="US84338FAQ63"/>
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        <balance>1230000.00000000</balance>
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        <valUSD>1324745.92000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622</name>
        <lei>N/A</lei>
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        <cusip>662152GC5</cusip>
        <identifiers>
          <isin value="US662152GC52"/>
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        <balance>3090000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
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      <invstOrSec>
        <name>MINNEAPOLIS MINN</name>
        <lei>N/A</lei>
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          <isin value="US60375BHH24"/>
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        <balance>395000.00000000</balance>
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        <valUSD>328391.51000000</valUSD>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN</name>
        <lei>N/A</lei>
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        <identifiers>
          <isin value="US60416QHT40"/>
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        <balance>1436967.82480000</balance>
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        <curCd>USD</curCd>
        <valUSD>1145096.52000000</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>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02470000</annualizedRt>
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      <invstOrSec>
        <name>MINNEAPOLIS MN MULTIFAMILY REV</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS MF 2.46% 1/1/2038</title>
        <cusip>603767PD0</cusip>
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          <isin value="US603767PD02"/>
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        <balance>6819535.80000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5340106.39000000</valUSD>
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        <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>0.02460000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCHESTER MN IND SCH DST NO535</name>
        <lei>N/A</lei>
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          <isin value="US771614TD65"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUK RAPIDS MINN ISD NO 47</name>
        <lei>N/A</lei>
        <title>SAUK RAPIDS MIN 2.5% 2/1/2039</title>
        <cusip>804362MT5</cusip>
        <identifiers>
          <isin value="US804362MT59"/>
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        <balance>2925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2242728.54000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MOORHEAD MINN ISD NO 152</name>
        <lei>N/A</lei>
        <title>MOORHEAD MN ISD 2.5% 2/1/2037</title>
        <cusip>616157TC7</cusip>
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          <isin value="US616157TC74"/>
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        <valUSD>2044088.00000000</valUSD>
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          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 3.50% 7/1/2050</title>
        <cusip>60416S4E7</cusip>
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          <isin value="US60416S4E73"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 2.625% 1/1/2040</title>
        <cusip>60416S4C1</cusip>
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          <isin value="US60416S4C18"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.02625000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 2.4% 1/1/2035</title>
        <cusip>60416S4B3</cusip>
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          <isin value="US60416S4B35"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.02400000</annualizedRt>
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      <invstOrSec>
        <name>WATERTOWN MINN ISD NO 111</name>
        <lei>N/A</lei>
        <title>WATERTOWN MINN 0% 2/1/2029</title>
        <cusip>942078NY8</cusip>
        <identifiers>
          <isin value="US942078NY88"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>WHITE BEAR LK MN INDPT SD 624</name>
        <lei>N/A</lei>
        <title>WHITE BEAR LAKE 3% 2/1/2031</title>
        <cusip>963439A87</cusip>
        <identifiers>
          <isin value="US963439A879"/>
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        <balance>1860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1820178.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
        <title>LAKEVILLE MN SD 2% 2/1/2034</title>
        <cusip>512462XY3</cusip>
        <identifiers>
          <isin value="US512462XY32"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2441758.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>SOUTH WASHINGTON CO IDS 833 MN</name>
        <lei>N/A</lei>
        <title>SOUTH WASH MN 3% 2/1/2033</title>
        <cusip>840610TY5</cusip>
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          <isin value="US840610TY59"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278757.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN</name>
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        <title>MN ST HSG FIN 2.35% 6/1/2050</title>
        <cusip>60416QHW7</cusip>
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          <isin value="US60416QHW78"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02350000</annualizedRt>
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        <name>METRO CNCL MN MINN-ST PAUL</name>
        <lei>N/A</lei>
        <title>METRO CNCL MN 2% 3/1/2033</title>
        <cusip>591852S58</cusip>
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          <isin value="US591852S586"/>
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          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>METRO CNCL MN MINN-ST PAUL</name>
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          <isin value="US591852S826"/>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <cusip>60416S6S4</cusip>
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          <isin value="US60416S6S42"/>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 1.95% 1/1/2030</title>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 4% 8/1/2036</title>
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          <isin value="US60416S7G94"/>
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        <name>MINNEAPOLIS MN SPL SCH DST COP #1 CTFS PARTN</name>
        <lei>N/A</lei>
        <title>MINN MN SSD COP 2% 4/1/2034</title>
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          <isin value="US603792VE93"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-04-01</maturityDt>
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        <name>ITASCA CNTY MINN</name>
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        <name>UNIVERSITY MN</name>
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        <name>OSSEO MN INDPT SCH DIST # 279</name>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>ROSEVILLE MINN INDPT SCH DISTNO 623 CTFS PARTN</name>
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        <name>ROSEVILLE MINN INDPT SCH DISTNO 623 CTFS PARTN</name>
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        <name>SAINT PAUL MINN PORT AUTH DISTENERGY REV</name>
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      </invstOrSec>
      <invstOrSec>
        <name>SAINT PAUL MINN PORT AUTH DISTENERGY REV</name>
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          <isin value="US79308GAL14"/>
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        <valUSD>302717.03000000</valUSD>
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      </invstOrSec>
      <invstOrSec>
        <name>SAINT PAUL MINN PORT AUTH DISTENERGY REV</name>
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          <isin value="US79308GAM96"/>
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        <valUSD>460496.45000000</valUSD>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
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        <valUSD>2393959.97000000</valUSD>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
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          <isin value="US60416TDZ84"/>
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        <valUSD>2263480.05000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 3% 7/1/2051</title>
        <cusip>60416TEB0</cusip>
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          <isin value="US60416TEB08"/>
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        <valUSD>2555076.68000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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      <invstOrSec>
        <name>ST PAUL MN</name>
        <lei>N/A</lei>
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          <isin value="US792882EB40"/>
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        <valUSD>246732.21000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
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        <cusip>60416JDG2</cusip>
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          <isin value="US60416JDG22"/>
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        <valUSD>100924.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
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        <cusip>60416JDL1</cusip>
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          <isin value="US60416JDL17"/>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 3/1/2031</title>
        <cusip>60416JDM9</cusip>
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          <isin value="US60416JDM99"/>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <name>CARVER and SIBLEY CNTYS MINN INDPT SCH DIST NO 108 CENTRAL PUBSCHS</name>
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      <invstOrSec>
        <name>RED ROCK CENT MINN INDPT SCH DIST NO 2884</name>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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          <isin value="US603790TN64"/>
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        <name>MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV</name>
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        <name>WHITE BEAR LK MN INDPT SD 624</name>
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        <name>NASHWAUK KEEWATIN MINN INDPT SCH DIST NO 319</name>
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        <name>NASHWAUK KEEWATIN MINN INDPT SCH DIST NO 319</name>
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        <name>GUAM POWER AUTH.</name>
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        <name>DELUTH MN CLINIC</name>
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        <name>DILWORTH MN</name>
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        <name>DILWORTH MN</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>LE SUEUR-HENDERSON MINN INDPT SCH DIST NO 2397</name>
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        <name>ALBANY MN INDPT SCH DST 745</name>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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          <isin value="US603790WP75"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RAMSEY MINN</name>
        <lei>N/A</lei>
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          <isin value="US751813VU79"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>RAMSEY MINN</name>
        <lei>N/A</lei>
        <title>RAMSEY MINN 5% 12/15/2033</title>
        <cusip>751813VV5</cusip>
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          <isin value="US751813VV52"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RAMSEY MINN</name>
        <lei>N/A</lei>
        <title>RAMSEY MINN 5% 12/15/2031</title>
        <cusip>751813VT0</cusip>
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          <isin value="US751813VT07"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>826028.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RAMSEY MINN</name>
        <lei>N/A</lei>
        <title>RAMSEY MINN 5% 12/15/2034</title>
        <cusip>751813VW3</cusip>
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          <isin value="US751813VW36"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>505157.47000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RAMSEY MINN</name>
        <lei>N/A</lei>
        <title>RAMSEY MINN 5% 12/15/2030</title>
        <cusip>751813VS2</cusip>
        <identifiers>
          <isin value="US751813VS24"/>
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        <balance>665000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>734188.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST ARMORY BLDG COMMNLEASE REV</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST AR 3% 6/1/2038</title>
        <cusip>604138AK3</cusip>
        <identifiers>
          <isin value="US604138AK34"/>
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        <balance>1925000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1717179.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ST PAUL MINN INDPT SCH DIST NO625</name>
        <lei>N/A</lei>
        <title>ST PAUL MINN IN 4% 2/1/2040</title>
        <cusip>79289AAS2</cusip>
        <identifiers>
          <isin value="US79289AAS24"/>
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        <balance>1575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1546540.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAWLEY MN INDPT SCH DIST NO150</name>
        <lei>N/A</lei>
        <title>HAWLEY MN ISD 5% 2/1/2039</title>
        <cusip>420416GM5</cusip>
        <identifiers>
          <isin value="US420416GM55"/>
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        <balance>620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>649558.75000000</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>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DULUTH MINN INDPT SCH DIST NO 709 CTFS PARTN</name>
        <lei>N/A</lei>
        <title>DULUTH MN ISD 3% 3/1/2032</title>
        <cusip>264474JW8</cusip>
        <identifiers>
          <isin value="US264474JW85"/>
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        <balance>540000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>539050.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 5.75% 7/1/2053</title>
        <cusip>60416TE38</cusip>
        <identifiers>
          <isin value="US60416TE387"/>
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        <balance>2745000.00000000</balance>
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        <valUSD>2908099.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WARREN / ALVARADO / OSLO MINNINDPT SCH DIST NP 2176</name>
        <lei>N/A</lei>
        <title>WARRE MN 934664 3.75% 2/1/2042</title>
        <cusip>934664CG6</cusip>
        <identifiers>
          <isin value="US934664CG64"/>
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        <balance>1030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>975048.26000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
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      <invstOrSec>
        <name>WARREN / ALVARADO / OSLO MINNINDPT SCH DIST NP 2176</name>
        <lei>N/A</lei>
        <title>WARRE MN 934664 3.75% 2/1/2043</title>
        <cusip>934664CH4</cusip>
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          <isin value="US934664CH48"/>
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        <valUSD>793758.44000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
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      <invstOrSec>
        <name>EDEN PRAIRIE MN INDPT SCH DIST</name>
        <lei>N/A</lei>
        <title>EDEN PRAIRE SCH 4% 2/1/2035</title>
        <cusip>279533XS7</cusip>
        <identifiers>
          <isin value="US279533XS72"/>
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        <balance>1050000.00000000</balance>
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        <valUSD>1079274.32000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>ST PAUL MINN WTR REV</name>
        <lei>N/A</lei>
        <title>ST PA MN 793073 4% 12/1/2047</title>
        <cusip>793073JH1</cusip>
        <identifiers>
          <isin value="US793073JH12"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>986298.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS MN 5% MT</title>
        <cusip>60374VEX7</cusip>
        <identifiers>
          <isin value="US60374VEX73"/>
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        <balance>11445000.00000000</balance>
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        <valUSD>12238727.92000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST OFFICE OF HIGHER ED REV</name>
        <lei>N/A</lei>
        <title>MN ST OFF HI ED 5% 11/1/2033 @</title>
        <cusip>60416MBZ5</cusip>
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          <isin value="US60416MBZ59"/>
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        <curCd>USD</curCd>
        <valUSD>3775843.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DELANO MINN</name>
        <lei>N/A</lei>
        <title>DELAN MN 5% 2/1/2039</title>
        <cusip>245667TU4</cusip>
        <identifiers>
          <isin value="US245667TU40"/>
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        <balance>1010000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DELANO MINN</name>
        <lei>N/A</lei>
        <title>DELAN MN 4% 2/1/2040</title>
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          <isin value="US245667TV23"/>
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        <curCd>USD</curCd>
        <valUSD>1045464.86000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DELANO MINN</name>
        <lei>N/A</lei>
        <title>DELAN MN 4% 2/1/2041</title>
        <cusip>245667TW0</cusip>
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          <isin value="US245667TW06"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1073160.99000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 5% 3/1/2045</title>
        <cusip>60416JHL7</cusip>
        <identifiers>
          <isin value="US60416JHL70"/>
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        <balance>5645000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5917589.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 6% 7/1/2053</title>
        <cusip>60416T5P9</cusip>
        <identifiers>
          <isin value="US60416T5P93"/>
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        <balance>965000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1035297.07000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAKE ELMO MINN</name>
        <lei>N/A</lei>
        <title>LAKE MN 509624 2% 2/1/2036</title>
        <cusip>509624QK1</cusip>
        <identifiers>
          <isin value="US509624QK12"/>
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        <balance>1205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>929590.38000000</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>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
        <lei>N/A</lei>
        <title>MN MAC PORT REV 5% 1/1/2035</title>
        <cusip>603827M86</cusip>
        <identifiers>
          <isin value="US603827M868"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>990518.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.75% 2/1/2035</title>
        <cusip>771588VF4</cusip>
        <identifiers>
          <isin value="US771588VF46"/>
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        <balance>1215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>945557.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01750000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LAKE ELMO MINN</name>
        <lei>N/A</lei>
        <title>LAKE MN 2% 2/1/2035</title>
        <cusip>509624QJ4</cusip>
        <identifiers>
          <isin value="US509624QJ49"/>
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        <balance>1185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>938634.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2030</title>
        <cusip>665444LF0</cusip>
        <identifiers>
          <isin value="US665444LF04"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1129503.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2031</title>
        <cusip>665444LG8</cusip>
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          <isin value="US665444LG86"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>543222.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2032</title>
        <cusip>665444LH6</cusip>
        <identifiers>
          <isin value="US665444LH69"/>
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        <balance>345000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>371571.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2033</title>
        <cusip>665444LJ2</cusip>
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          <isin value="US665444LJ26"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>386183.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOORHEAD MN</name>
        <lei>N/A</lei>
        <title>MOORHEAD MN 2.125% 2/1/2040</title>
        <cusip>616142SW6</cusip>
        <identifiers>
          <isin value="US616142SW61"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257402.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02125000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHFIELD MINN</name>
        <lei>N/A</lei>
        <title>NORTH 666178/9 2% 2/1/2029</title>
        <cusip>666179EB8</cusip>
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          <isin value="US666179EB89"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193792.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.625% 2/1/2034</title>
        <cusip>771588VE7</cusip>
        <identifiers>
          <isin value="US771588VE70"/>
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        <balance>1255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>989875.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01625000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAPLE GROVE MN</name>
        <lei>N/A</lei>
        <title>MAPLE GRV MN 1.50% 2/1/2033</title>
        <cusip>56516PVS9</cusip>
        <identifiers>
          <isin value="US56516PVS90"/>
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        <balance>715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>571545.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MAPLE GROVE MN</name>
        <lei>N/A</lei>
        <title>MAPLE GRV MN 1.625% 2/1/2034</title>
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          <isin value="US56516PVT73"/>
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        <balance>790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>621578.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AU</name>
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          <isin value="US60416H6F65"/>
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      <invstOrSec>
        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
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          <isin value="US771588VC15"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01500000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA AGRIC and EC DEV BRD</name>
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          <isin value="US6049202Y39"/>
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          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA AGRIC and EC DEV BRD</name>
        <lei>N/A</lei>
        <title>MN AG and EC DEV 4% 1/1/2049</title>
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          <isin value="US6049203D82"/>
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          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>BURNSVILLE MN</name>
        <lei>N/A</lei>
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          <isin value="US122458W574"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02850000</annualizedRt>
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      <invstOrSec>
        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
        <title>LAKEVILLE MN SD 2% 2/1/2037</title>
        <cusip>512462YR7</cusip>
        <identifiers>
          <isin value="US512462YR71"/>
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        <balance>1515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1137874.08000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <cusip>60416T6X1</cusip>
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          <isin value="US60416T6X19"/>
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        <curCd>USD</curCd>
        <valUSD>6378927.54000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06250000</annualizedRt>
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      <invstOrSec>
        <name>COON RAPIDS MINN MULTIFAMILY REV</name>
        <lei>N/A</lei>
        <title>COON RAPIDS 2.70% 8/1/2035</title>
        <cusip>216592GA7</cusip>
        <identifiers>
          <isin value="US216592GA73"/>
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        <balance>2515406.43800000</balance>
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        <curCd>USD</curCd>
        <valUSD>2122589.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02700000</annualizedRt>
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        <name>ST PAUL MINN INDPT SCH DIST NO625 CTFS PARTN</name>
        <lei>N/A</lei>
        <title>ST PA MN 792897 5% 2/1/2029</title>
        <cusip>792897RW2</cusip>
        <identifiers>
          <isin value="US792897RW27"/>
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        <curCd>USD</curCd>
        <valUSD>538167.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.625% 2/1/2033</title>
        <cusip>771588VD9</cusip>
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          <isin value="US771588VD97"/>
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        <curCd>USD</curCd>
        <valUSD>977466.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01625000</annualizedRt>
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        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2028</title>
        <cusip>930256AC6</cusip>
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          <isin value="US930256AC62"/>
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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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        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
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        <cusip>930256AD4</cusip>
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          <isin value="US930256AD46"/>
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        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2030</title>
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          <isin value="US930256AE29"/>
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        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2031</title>
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          <isin value="US930256AF93"/>
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        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2032</title>
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          <isin value="US930256AG76"/>
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      <invstOrSec>
        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2033</title>
        <cusip>930256AH5</cusip>
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          <isin value="US930256AH59"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>METRO CNCL MN MINN-ST PAUL</name>
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        <name>FERGUS FALLS MN</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>ST CLOUD MINN HEALTH CARE RV</name>
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        <name>ST CLOUD MINN HEALTH CARE RV</name>
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      <invstOrSec>
        <name>ST CLOUD MINN HEALTH CARE RV</name>
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        <name>ST CLOUD MINN HEALTH CARE RV</name>
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      <invstOrSec>
        <name>MOUNDS VIEW MINN MULTIFAMILY HSG REV</name>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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        <name>EASTERN CARVER COUNTY SCHOOLS INDEPENDENT SCHOOL DISTRICT NO 112</name>
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        <name>MINNEAPOLIS and ST PAUL MN HSG and HSP</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-15</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>MINNEAPOLIS and ST PAUL MN HSG and HSP</name>
        <lei>N/A</lei>
        <title>MINN-ST HSG HSP 5% 8/15/2041</title>
        <cusip>603695KC0</cusip>
        <identifiers>
          <isin value="US603695KC05"/>
        </identifiers>
        <balance>4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4347763.20000000</valUSD>
        <pctVal>0.836188506982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-15</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>WASHINGTON CNTY MINN</name>
        <lei>N/A</lei>
        <title>WASH CNTY MINN 2.375% 2/1/2036</title>
        <cusip>937785VU4</cusip>
        <identifiers>
          <isin value="US937785VU45"/>
        </identifiers>
        <balance>1590000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1303339.38000000</valUSD>
        <pctVal>0.250666229994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02375000</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>WACONIA MINN ISD NO 110</name>
        <lei>N/A</lei>
        <title>WACONIA MN ISD 5% 2/1/2037</title>
        <cusip>930047QT5</cusip>
        <identifiers>
          <isin value="US930047QT51"/>
        </identifiers>
        <balance>3050000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3282771.73000000</valUSD>
        <pctVal>0.631362810116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-30</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>
