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      <invstOrSec>
        <name>ST PAUL MINN INDPT SCH DIST NO625</name>
        <lei>N/A</lei>
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          <isin value="US79289AAS24"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
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        <title>MAPLE GROVE MN 5% 9/1/2025</title>
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          <isin value="US56516TAS42"/>
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      <invstOrSec>
        <name>SOUTHERN MN MUN PWR AGY PWR</name>
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        <title>SO MN PWR 5% 1/1/2034</title>
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          <isin value="US843375B960"/>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 10/1/2028</title>
        <cusip>60416JEC0</cusip>
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          <isin value="US60416JEC09"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2031</title>
        <cusip>151452CF4</cusip>
        <identifiers>
          <isin value="US151452CF47"/>
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        <balance>210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>228418.47000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
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          <isin value="US512462XY32"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2510125.80000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>DELUTH MN CLINIC</name>
        <lei>N/A</lei>
        <title>DULUTH EDA HLTH 5% 6/15/2029</title>
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          <isin value="US26444CJV54"/>
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        <balance>1035000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1111642.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>MAPLE GRV HLTH MN 5% 5/1/27</title>
        <cusip>56516TBL8</cusip>
        <identifiers>
          <isin value="US56516TBL89"/>
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        <curCd>USD</curCd>
        <valUSD>1426665.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>SHAKOPEE MINN HEALTH CARE FACS REV</name>
        <lei>N/A</lei>
        <title>SHAKOPEE MN HLT 5% 9/1/2025</title>
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          <isin value="US819175BD14"/>
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        <valUSD>1346338.14000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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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>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 3/1/2030</title>
        <cusip>60416JDL1</cusip>
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          <isin value="US60416JDL17"/>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 3% 1/1/2051</title>
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          <isin value="US60416TBJ60"/>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
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        <cusip>60416JCR9</cusip>
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          <isin value="US60416JCR95"/>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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          <isin value="US603790WE29"/>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 10/1/2025</title>
        <cusip>60416JDZ0</cusip>
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          <isin value="US60416JDZ03"/>
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      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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          <isin value="US603827M868"/>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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          <isin value="US60416S4B35"/>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/35</title>
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          <isin value="US665444KX29"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06250000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>WHITE BEAR LAKE MINN REV</name>
        <lei>N/A</lei>
        <title>WHITE BEAR LK 5% 6/1/2031</title>
        <cusip>96345PAN6</cusip>
        <identifiers>
          <isin value="US96345PAN69"/>
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        <valUSD>728370.37000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>
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        <cusip>60416JED8</cusip>
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          <isin value="US60416JED81"/>
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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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          <isin value="US60416JJA97"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-10-01</maturityDt>
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          <annualizedRt>0.04125000</annualizedRt>
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      <invstOrSec>
        <name>OSSEO MN INDPT SCH DIST # 279</name>
        <lei>N/A</lei>
        <title>OSSEO MN ISD 2% 2/1/2038</title>
        <cusip>688443X96</cusip>
        <identifiers>
          <isin value="US688443X968"/>
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        <balance>3205000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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      <invstOrSec>
        <name>WRIGHT CNTY MN</name>
        <lei>N/A</lei>
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          <isin value="US982271SA74"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03150000</annualizedRt>
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      <invstOrSec>
        <name>DULUTH MN INDPT SCH DIST #709</name>
        <lei>N/A</lei>
        <title>DULUTH ISD#709 0% 2/1/2033</title>
        <cusip>264471LN1</cusip>
        <identifiers>
          <isin value="US264471LN10"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>568549.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>PUERTO RICO HSG FIN AUTH</name>
        <lei>N/A</lei>
        <title>PR HFA 5% 12/1/2027</title>
        <cusip>74526LFE8</cusip>
        <identifiers>
          <isin value="US74526LFE83"/>
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        <balance>1225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1282106.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
        <lei>N/A</lei>
        <title>MN MAC PORT REV 5% 1/1/2047 @</title>
        <cusip>603827L46</cusip>
        <identifiers>
          <isin value="US603827L464"/>
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        <balance>1600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1573014.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ELK RIVER MN INDP SCH DIST 728</name>
        <lei>N/A</lei>
        <title>ELK RIVER SD MN 3% 2/1/2033</title>
        <cusip>287425L67</cusip>
        <identifiers>
          <isin value="US287425L676"/>
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        <balance>2925000.00000000</balance>
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        <valUSD>2824913.81000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
        <title>LAKEVILLE MN SD 2% 2/1/2039</title>
        <cusip>512462YT3</cusip>
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          <isin value="US512462YT38"/>
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        <balance>4180000.00000000</balance>
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          <maturityDt>2039-02-01</maturityDt>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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          <isin value="US603827L381"/>
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          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</annualizedRt>
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        <name>ANOKA-HENNEPIN MN ISD 11 COP</name>
        <lei>N/A</lei>
        <title>ANOKA-HENNEPIN 5% 2/1/2028</title>
        <cusip>036312AN6</cusip>
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          <isin value="US036312AN67"/>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 6% 1/1/2053</title>
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          <isin value="US60416TYA05"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.06000000</annualizedRt>
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        <name>RAMSEY MINN</name>
        <lei>N/A</lei>
        <title>RAMSEY MINN 5% 12/15/2032</title>
        <cusip>751813VU7</cusip>
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          <isin value="US751813VU79"/>
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        <balance>775000.00000000</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>2032-12-15</maturityDt>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 3/1/2035</title>
        <cusip>60416JDR8</cusip>
        <identifiers>
          <isin value="US60416JDR86"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127257.64000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MN ST 4% 9/1/2039</title>
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          <isin value="US60412AWU32"/>
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        <balance>2645000.00000000</balance>
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        <valUSD>2625990.12000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-09-01</maturityDt>
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        <name>SOUTHERN MN MUN PWR AGY PWR</name>
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          <isin value="US843375QN96"/>
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        <curCd>USD</curCd>
        <valUSD>3260000.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ST PAUL MINN INDPT SCH DIST NO625 CTFS PARTN</name>
        <lei>N/A</lei>
        <title>ST PA MN 792897 5% 2/1/2029</title>
        <cusip>792897RW2</cusip>
        <identifiers>
          <isin value="US792897RW27"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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 5% 2/1/2039</title>
        <cusip>245667TU4</cusip>
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          <isin value="US245667TU40"/>
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        <balance>1010000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MN ST 2% 8/1/2034</title>
        <cusip>60412AUH4</cusip>
        <identifiers>
          <isin value="US60412AUH49"/>
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        <balance>1335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1112146.31000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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>1692448.45000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>METRO CNCL MN MINN-ST PAUL</name>
        <lei>N/A</lei>
        <title>METRO CNCL MN 2% 3/1/2033</title>
        <cusip>591852S58</cusip>
        <identifiers>
          <isin value="US591852S586"/>
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        <balance>4250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3680211.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>907573.80000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BURNSVILLE MN</name>
        <lei>N/A</lei>
        <title>BURNS MN 122458 5% 12/20/2030</title>
        <cusip>1224584K5</cusip>
        <identifiers>
          <isin value="US1224584K52"/>
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        <balance>2545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2828888.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DILWORTH MN</name>
        <lei>N/A</lei>
        <title>DILWORTH MN 3.50% 2/1/2034</title>
        <cusip>254280YH7</cusip>
        <identifiers>
          <isin value="US254280YH72"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>453271.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2036</title>
        <cusip>151452CL1</cusip>
        <identifiers>
          <isin value="US151452CL15"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>358361.53000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV</name>
        <lei>N/A</lei>
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        <cusip>792909FE8</cusip>
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          <isin value="US792909FE86"/>
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        <balance>140000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03125000</annualizedRt>
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        <name>ANOKA-HENNEPIN MN ISD 11 COP</name>
        <lei>N/A</lei>
        <title>ANOKA-HENNEPIN 5% 2/1/2027</title>
        <cusip>036312AM8</cusip>
        <identifiers>
          <isin value="US036312AM84"/>
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        <balance>1285000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CHASKA MINN ELEC REV</name>
        <lei>N/A</lei>
        <title>CHASKA MN ELEC 5% 10/1/2029</title>
        <cusip>161670FA7</cusip>
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          <isin value="US161670FA77"/>
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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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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>RAMSEY MINN</name>
        <lei>N/A</lei>
        <title>RAMSEY MINN 5% 12/15/2030</title>
        <cusip>751813VS2</cusip>
        <identifiers>
          <isin value="US751813VS24"/>
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        <balance>665000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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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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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <cusip>603827Q74</cusip>
        <identifiers>
          <isin value="US603827Q745"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>3073773.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAITE PARK MN</name>
        <lei>N/A</lei>
        <title>WAITE PARK MN 5% 12/15/2031</title>
        <cusip>930727N81</cusip>
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          <isin value="US930727N813"/>
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        <balance>935000.00000000</balance>
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        <valUSD>1044729.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>MAPLE GRV HLTH MN 5% 9/1/32</title>
        <cusip>56516TBA2</cusip>
        <identifiers>
          <isin value="US56516TBA25"/>
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        <balance>1000000.00000000</balance>
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      <invstOrSec>
        <name>COON RAPIDS MINN MULTIFAMILY REV</name>
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          <isin value="US216592GA73"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02700000</annualizedRt>
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      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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          <isin value="US603827WW24"/>
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        <valUSD>2438555.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>ROCHESTER MN HEALTH CARE FACS</name>
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          <isin value="US771902HJ56"/>
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        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
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          <annualizedRt>0.04000000</annualizedRt>
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        <name>ANOKA-HENNEPIN MN ISD 11 COP</name>
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          <isin value="US036312AU01"/>
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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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        <cusip>60416JDV9</cusip>
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          <isin value="US60416JDV98"/>
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        <valUSD>607599.51000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WAITE PARK MN</name>
        <lei>N/A</lei>
        <title>WAITE PARK MN 5% 12/15/2029</title>
        <cusip>930727N65</cusip>
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          <isin value="US930727N656"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1199853.82000000</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>2029-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>MINNESOTA ST HIGHER ED FACS AU</name>
        <lei>N/A</lei>
        <title>MN ST HEFA 5% 3/1/2031</title>
        <cusip>60416H3H5</cusip>
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          <isin value="US60416H3H58"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>FERGUS FALLS MN</name>
        <lei>N/A</lei>
        <title>FERGUS FALLS MI 5% 2/1/2038</title>
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        <identifiers>
          <isin value="US314766FZ45"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DILWORTH MN</name>
        <lei>N/A</lei>
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          <isin value="US254280YR54"/>
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        <name>SOUTHERN MN MUN PWR AGY PWR</name>
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        <name>PUERTO RICO COMWLTH</name>
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        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
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        <name>MINNEAPOLIS MINN</name>
        <lei>N/A</lei>
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          <isin value="US60375BHH24"/>
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        <name>WACONIA MINN ISD NO 110</name>
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          <isin value="US930047QT51"/>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <name>MOORHEAD MN EDL FACS REV</name>
        <lei>N/A</lei>
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          <isin value="US61615DBG43"/>
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          <maturityDt>2025-12-01</maturityDt>
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          <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>
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          <isin value="US60416JHL70"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>FERGUS FALLS MN</name>
        <lei>N/A</lei>
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          <isin value="US314766FY79"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>APPLE VY MINN SR HSG REV</name>
        <lei>N/A</lei>
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          <isin value="US03800RBK14"/>
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        <valUSD>493759.05000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV</name>
        <lei>N/A</lei>
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        <cusip>792909FC2</cusip>
        <identifiers>
          <isin value="US792909FC21"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-15</maturityDt>
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      <invstOrSec>
        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>MAPLE GRV HLTH MN 5% 9/1/31</title>
        <cusip>56516TAZ8</cusip>
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          <isin value="US56516TAZ84"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ROCHESTER MN IND SCH DST NO535</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN SD 3% 2/1/2035</title>
        <cusip>771614TD6</cusip>
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          <isin value="US771614TD65"/>
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        <curCd>USD</curCd>
        <valUSD>1365501.16000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NASHWAUK KEEWATIN MINN INDPT SCH DIST NO 319</name>
        <lei>N/A</lei>
        <title>NASHWAUK KEEWAT 4% 2/1/2035</title>
        <cusip>631500CT0</cusip>
        <identifiers>
          <isin value="US631500CT02"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203506.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARVER and SIBLEY CNTYS MINN INDPT SCH DIST NO 108 CENTRAL PUBSCHS</name>
        <lei>N/A</lei>
        <title>CARVE MN 146873 2.25% 2/1/2045</title>
        <cusip>146873BV5</cusip>
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          <isin value="US146873BV56"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1044679.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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      <invstOrSec>
        <name>FRIDLEY MN INDPT SCH DIST NO14</name>
        <lei>N/A</lei>
        <title>FRIDLEY MN SD14 3% 2/1/2035</title>
        <cusip>358388RB4</cusip>
        <identifiers>
          <isin value="US358388RB44"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>MAPLE GRV HLTH MN 5% 5/1/28</title>
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          <isin value="US56516TBM62"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 5% 2/1/2040</title>
        <cusip>603790UH7</cusip>
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          <isin value="US603790UH77"/>
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          <maturityDt>2040-02-01</maturityDt>
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      <invstOrSec>
        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2029</title>
        <cusip>930256AD4</cusip>
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          <isin value="US930256AD46"/>
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        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
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        <cusip>60412AWW9</cusip>
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          <isin value="US60412AWW97"/>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <name>DELUTH MN CLINIC</name>
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          <isin value="US26444CJS26"/>
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        <name>MOORHEAD MINN PUB UTIL REV</name>
        <lei>N/A</lei>
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        <cusip>616183JS9</cusip>
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          <isin value="US616183JS92"/>
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        <invCountry>US</invCountry>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>NORTHERN MUN PWR AGY 5% 1/1/2031</title>
        <cusip>665444KT1</cusip>
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          <isin value="US665444KT17"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>SAINT PAUL MINN PORT AUTH DISTENERGY REV</name>
        <lei>N/A</lei>
        <title>SAINT PAUL MINN 3% 10/1/2026</title>
        <cusip>79308GAH0</cusip>
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          <isin value="US79308GAH02"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99218.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV</name>
        <lei>N/A</lei>
        <title>ST PAUL MN HLTH 5% 7/1/29</title>
        <cusip>792905DD0</cusip>
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          <isin value="US792905DD00"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5000000.00000000</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>
          <annualizedRt>0.05000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ST CLOUD MN INDPT SCH DIST 742</name>
        <lei>N/A</lei>
        <title>ST CLOUD MN SD 0% 2/1/2027</title>
        <cusip>789177ST0</cusip>
        <identifiers>
          <isin value="US789177ST02"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>285842.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>ITASCA CNTY MINN</name>
        <lei>N/A</lei>
        <title>ITASC MN 465452 2% 2/1/2035</title>
        <cusip>465452LQ1</cusip>
        <identifiers>
          <isin value="US465452LQ13"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>482962.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DELUTH MN CLINIC</name>
        <lei>N/A</lei>
        <title>DULUTH EDA HLTH 4% 6/15/2039</title>
        <cusip>26444CKF8</cusip>
        <identifiers>
          <isin value="US26444CKF85"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>242712.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <cusip>60416TDY1</cusip>
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          <isin value="US60416TDY10"/>
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        <curCd>USD</curCd>
        <valUSD>2385445.61000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02300000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OSSEO MN INDPT SCH DIST # 279</name>
        <lei>N/A</lei>
        <title>OSSEO MN ISD(MN) 1.75% 2/1/35</title>
        <cusip>688443X62</cusip>
        <identifiers>
          <isin value="US688443X620"/>
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        <balance>1790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1410046.55000000</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>0.01750000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NASHWAUK KEEWATIN MINN INDPT SCH DIST NO 319</name>
        <lei>N/A</lei>
        <title>NASHWAUK KEEWAT 4% 2/1/2036</title>
        <cusip>631500CU7</cusip>
        <identifiers>
          <isin value="US631500CU74"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1007384.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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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>
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          <isin value="US60416T5P93"/>
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        <balance>945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1012908.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.06000000</annualizedRt>
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      <invstOrSec>
        <name>SHAKOPEE MINN SR HSG REV</name>
        <lei>N/A</lei>
        <title>SHAKOPEE MINN 11/01/58 MT</title>
        <cusip>81919TAA4</cusip>
        <identifiers>
          <isin value="US81919TAA43"/>
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        <balance>2900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2892990.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2058-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05850000</annualizedRt>
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      <invstOrSec>
        <name>DELUTH MN CLINIC</name>
        <lei>N/A</lei>
        <title>DULUTH EDA HLTH 4.25% 2/15/2048</title>
        <cusip>26444CHB1</cusip>
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          <isin value="US26444CHB19"/>
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        <balance>2030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1783462.79000000</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>2048-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</annualizedRt>
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        <name>METRO CNCL MN MINN-ST PAUL</name>
        <lei>N/A</lei>
        <title>METRO CNCL MN 2.125% 3/1/2036</title>
        <cusip>591852S82</cusip>
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          <isin value="US591852S826"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>807320.70000000</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>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02125000</annualizedRt>
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        <name>MINNESOTA ST HIGHER ED FACS AU</name>
        <lei>N/A</lei>
        <title>MN ST HEFA 3% 3/1/34</title>
        <cusip>60416H6F6</cusip>
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          <isin value="US60416H6F65"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>403562.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <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>2458670.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-07-01</maturityDt>
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          <annualizedRt>0.03000000</annualizedRt>
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      <invstOrSec>
        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>MAPLE GRV HLTH MN 4% 9/1/35</title>
        <cusip>56516TAY1</cusip>
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          <isin value="US56516TAY10"/>
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        <issuerCat>MUN</issuerCat>
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          <annualizedRt>0.04000000</annualizedRt>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2031</title>
        <cusip>60416JCT5</cusip>
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          <isin value="US60416JCT51"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>MINNEAPOLIS and ST PAUL MN HSG and HSP</name>
        <lei>N/A</lei>
        <title>MINN-ST HSG HSP 5% 8/15/2041</title>
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          <isin value="US603695KC05"/>
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        <valUSD>4189588.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-15</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>953850.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2029</title>
        <cusip>665444KC8</cusip>
        <identifiers>
          <isin value="US665444KC81"/>
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        <balance>920000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>929688.80000000</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>2029-01-01</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>
      <invstOrSec>
        <name>ST CLOUD MINN HEALTH CARE RV</name>
        <lei>N/A</lei>
        <title>ST CLOUD_MN HLT 5% 5/1/2043</title>
        <cusip>78916VER7</cusip>
        <identifiers>
          <isin value="US78916VER78"/>
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        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>609887.76000000</valUSD>
        <pctVal>0.117098304081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BURNSVILLE MN</name>
        <lei>N/A</lei>
        <title>BURNS MN 122458 5% 12/20/2031</title>
        <cusip>1224584L3</cusip>
        <identifiers>
          <isin value="US1224584L36"/>
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        <balance>2670000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3003804.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-20</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>MOORHEAD MINN PUB UTIL REV</name>
        <lei>N/A</lei>
        <title>MOORH MN 616183 2.75% 11/1/2036</title>
        <cusip>616183JV2</cusip>
        <identifiers>
          <isin value="US616183JV22"/>
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        <balance>815000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>676371.68000000</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>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02750000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MN ST 4% 9/1/2032</title>
        <cusip>60412AXH1</cusip>
        <identifiers>
          <isin value="US60412AXH12"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2088279.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-09-01</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 AU</name>
        <lei>N/A</lei>
        <title>MN ST HEFA 5% 5/1/2046</title>
        <cusip>60416H2R4</cusip>
        <identifiers>
          <isin value="US60416H2R40"/>
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        <balance>3610000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2431048.01000000</valUSD>
        <pctVal>0.466760636597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOORHEAD MINN ISD NO 152</name>
        <lei>N/A</lei>
        <title>MOORHEAD MN ISD 2.5% 2/1/2037</title>
        <cusip>616157TC7</cusip>
        <identifiers>
          <isin value="US616157TC74"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2054126.50000000</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>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02500000</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>EDINA MINN</name>
        <lei>549300V5XW2LPH6R4I43</lei>
        <title>EDINA MN 4% 2/1/2054</title>
        <cusip>280606HX5</cusip>
        <identifiers>
          <isin value="US280606HX59"/>
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        <balance>980000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>857609.47000000</valUSD>
        <pctVal>0.164660813164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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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% MT</title>
        <cusip>60416JJB7</cusip>
        <identifiers>
          <isin value="US60416JJB70"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3087575.40000000</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>2053-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>DELUTH MN CLINIC</name>
        <lei>N/A</lei>
        <title>DULUTH EDA HLTH 4% 6/15/2032</title>
        <cusip>26444CJE3</cusip>
        <identifiers>
          <isin value="US26444CJE30"/>
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        <balance>535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>552422.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSITY MN</name>
        <lei>N/A</lei>
        <title>UNIV MINNESOTA 5% 11/1/2033</title>
        <cusip>914460UL2</cusip>
        <identifiers>
          <isin value="US914460UL22"/>
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        <balance>1015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1104409.12000000</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>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHAKOPEE MINN HEALTH CARE FACS REV</name>
        <lei>N/A</lei>
        <title>SHAKOPEE MN HLT 5% 9/1/34</title>
        <cusip>819175BJ8</cusip>
        <identifiers>
          <isin value="US819175BJ83"/>
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        <balance>1065000.00000000</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>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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 5% 10/1/2049</title>
        <cusip>60416JHZ6</cusip>
        <identifiers>
          <isin value="US60416JHZ66"/>
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        <balance>2200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2206770.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ROSEVILLE MINN INDPT SCH DISTNO 623 CTFS PARTN</name>
        <lei>N/A</lei>
        <title>ROSEVILLE MINN 5% 4/1/2028</title>
        <cusip>778103AG6</cusip>
        <identifiers>
          <isin value="US778103AG66"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1138808.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MN ST 4% 8/1/2043</title>
        <cusip>60412AQ89</cusip>
        <identifiers>
          <isin value="US60412AQ893"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2811300.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCHESTER MN HEALTH CARE FACS</name>
        <lei>N/A</lei>
        <title>ROCHSTR MN HLTH 4.375% 11/15/53</title>
        <cusip>771902HQ9</cusip>
        <identifiers>
          <isin value="US771902HQ99"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>929005.50000000</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>2053-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04375000</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>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 6.25% 1/1/2054</title>
        <cusip>60416T6X1</cusip>
        <identifiers>
          <isin value="US60416T6X19"/>
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        <balance>5805000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WHITE BEAR LK MN INDPT SD 624</name>
        <lei>N/A</lei>
        <title>WHITE BEAR LAKE 3% 2/1/2031</title>
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        <identifiers>
          <isin value="US963439A879"/>
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        <curCd>USD</curCd>
        <valUSD>1852243.24000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST MUN PWR AGY ELEC</name>
        <lei>N/A</lei>
        <title>MN MUN PWR 5% 10/1/2030</title>
        <cusip>60412PDU1</cusip>
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          <isin value="US60412PDU12"/>
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        <curCd>USD</curCd>
        <valUSD>1003651.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ST PAUL MN</name>
        <lei>N/A</lei>
        <title>ST PAUL MINN 2% 5/1/2033</title>
        <cusip>792882EB4</cusip>
        <identifiers>
          <isin value="US792882EB40"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252014.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</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>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2033</title>
        <cusip>930256AH5</cusip>
        <identifiers>
          <isin value="US930256AH59"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>422652.50000000</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>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <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>657716.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WRIGHT CNTY MN</name>
        <lei>N/A</lei>
        <title>WRIGHT CNTY MN 3.35% 12/1/2036</title>
        <cusip>982271SD1</cusip>
        <identifiers>
          <isin value="US982271SD14"/>
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        <balance>2440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2307264.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03350000</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>WHITE BEAR LK MN INDPT SD 624</name>
        <lei>N/A</lei>
        <title>WHITE BEAR LAKE 2.25% 2/1/2037</title>
        <cusip>963439B60</cusip>
        <identifiers>
          <isin value="US963439B604"/>
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        <balance>5770000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4600546.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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 2.625% 1/1/2040</title>
        <cusip>60416S4C1</cusip>
        <identifiers>
          <isin value="US60416S4C18"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>638061.66000000</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>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02625000</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 MUN PWR AGY ELEC</name>
        <lei>N/A</lei>
        <title>MN MUN PWR 5% 10/1/2033</title>
        <cusip>60412PFS4</cusip>
        <identifiers>
          <isin value="US60412PFS48"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>410432.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>DELUTH MN CLINIC</name>
        <lei>N/A</lei>
        <title>DULUTH EDA HLTH 4% 6/15/2038</title>
        <cusip>26444CKE1</cusip>
        <identifiers>
          <isin value="US26444CKE11"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>394554.64000000</valUSD>
        <pctVal>0.075754396532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-15</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 MUN GAS AGY COMMODITY SUPPLY REV</name>
        <lei>N/A</lei>
        <title>MINNESOTA MUN G 4% 12/1/2052 MT</title>
        <cusip>60406UAM9</cusip>
        <identifiers>
          <isin value="US60406UAM99"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7073215.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Variable</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>NORTHFIELD MINN</name>
        <lei>N/A</lei>
        <title>NORTH 666178/9 2% 2/1/2029</title>
        <cusip>666179EB8</cusip>
        <identifiers>
          <isin value="US666179EB89"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>196624.36000000</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
        <lei>N/A</lei>
        <title>MINNEAPOLS MN 4% 11/15/2036</title>
        <cusip>60374VER0</cusip>
        <identifiers>
          <isin value="US60374VER06"/>
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        <balance>5410000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5307869.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</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>
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      <invstOrSec>
        <name>MOUNDS VIEW MN INDPT SCH D 621</name>
        <lei>N/A</lei>
        <title>MOUNDS VIEW ISD 3.55% 2/1/2038</title>
        <cusip>620637Z27</cusip>
        <identifiers>
          <isin value="US620637Z276"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1872999.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03550000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>EASTERN CARVER COUNTY SCHOOLS INDEPENDENT SCHOOL DISTRICT NO 112</name>
        <lei>N/A</lei>
        <title>EASTERN CARVER 3.25% 2/1/2037</title>
        <cusip>27631EAL3</cusip>
        <identifiers>
          <isin value="US27631EAL39"/>
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        <balance>2740000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2532982.04000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03250000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WRIGHT CNTY MN</name>
        <lei>N/A</lei>
        <title>WRIGHT CNTY MN 3.1% 12/1/2032</title>
        <cusip>982271RZ3</cusip>
        <identifiers>
          <isin value="US982271RZ35"/>
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        <balance>1790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1740471.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03100000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2030</title>
        <cusip>665444LY9</cusip>
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          <isin value="US665444LY92"/>
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        <balance>1650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1779270.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DELANO MINN</name>
        <lei>N/A</lei>
        <title>DELAN MN 4% 2/1/2040</title>
        <cusip>245667TV2</cusip>
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          <isin value="US245667TV23"/>
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        <balance>1060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1034680.73000000</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>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 5% 2/1/2033</title>
        <cusip>603790MR4</cusip>
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          <isin value="US603790MR42"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1043769.80000000</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>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MN ST 5% 8/1/2040</title>
        <cusip>60412AH22</cusip>
        <identifiers>
          <isin value="US60412AH223"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1076507.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>METRO CNCL MN MINN-ST PAUL</name>
        <lei>N/A</lei>
        <title>METRO CNCL MN 4% 3/1/2043</title>
        <cusip>5918525K0</cusip>
        <identifiers>
          <isin value="US5918525K08"/>
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        <balance>4210000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4044230.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MN ST 3% 10/1/2029</title>
        <cusip>60412AKD4</cusip>
        <identifiers>
          <isin value="US60412AKD45"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4969085.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</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>
        <name>RED ROCK CENT MINN INDPT SCH DIST NO 2884</name>
        <lei>N/A</lei>
        <title>RED R MN 75700R 2.375% 2/1/2045</title>
        <cusip>75700RBJ3</cusip>
        <identifiers>
          <isin value="US75700RBJ32"/>
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        <balance>1310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>853802.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02375000</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>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2031</title>
        <cusip>665444LZ6</cusip>
        <identifiers>
          <isin value="US665444LZ67"/>
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        <balance>2175000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2371211.54000000</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>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DULUTH MINN ECONOMIC DEV AUTHREV</name>
        <lei>N/A</lei>
        <title>DULUTH MINN ECO 4% 7/1/2041</title>
        <cusip>26444VAH3</cusip>
        <identifiers>
          <isin value="US26444VAH33"/>
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        <balance>930000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>747175.95000000</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>2041-07-01</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>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>PR AFICA HOSP 5% 7/1/2027</title>
        <cusip>74527EFH6</cusip>
        <identifiers>
          <isin value="US74527EFH62"/>
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        <balance>940000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>965055.89000000</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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          <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 HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 3% 7/1/2052</title>
        <cusip>60416TLS5</cusip>
        <identifiers>
          <isin value="US60416TLS59"/>
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        <balance>955000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>939450.50000000</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>2052-07-01</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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      <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>195100.06000000</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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          <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>ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV</name>
        <lei>N/A</lei>
        <title>FAIRVIEW HEALTH SVCS-SER A 5% 11/15/2031</title>
        <cusip>792909FD0</cusip>
        <identifiers>
          <isin value="US792909FD04"/>
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        <balance>845000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>869027.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ST CLOUD MN INDPT SCH DIST 742</name>
        <lei>N/A</lei>
        <title>ST CLOUD MN SD 0% 2/1/2046</title>
        <cusip>789177TN2</cusip>
        <identifiers>
          <isin value="US789177TN23"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595891.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DELUTH MN CLINIC</name>
        <lei>N/A</lei>
        <title>DULUTH EDA HLTH 4% 6/15/2035</title>
        <cusip>26444CJH6</cusip>
        <identifiers>
          <isin value="US26444CJH60"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>557051.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</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>GUAM POWER AUTH.</name>
        <lei>N/A</lei>
        <title>GUAM POWER AUTH 5% 10/1/2044 Q</title>
        <cusip>400653KK6</cusip>
        <identifiers>
          <isin value="US400653KK63"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1006833.70000000</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>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WEST ST PAUL MN INDEPT SCH DIS</name>
        <lei>N/A</lei>
        <title>WEST ST PAUL MN 3.6% 2/1/2037</title>
        <cusip>955686TE0</cusip>
        <identifiers>
          <isin value="US955686TE09"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1956147.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03600000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2033</title>
        <cusip>665444LJ2</cusip>
        <identifiers>
          <isin value="US665444LJ26"/>
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        <balance>360000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>388612.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA AGRIC and EC DEV BRD</name>
        <lei>N/A</lei>
        <title>MN AG and EC DEV 5% 1/1/2041</title>
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          <isin value="US6049202Y39"/>
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        <balance>2300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2367746.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RICHFIELD MN ISD #280</name>
        <lei>N/A</lei>
        <title>RICHFIELD MN IS 3.5% 2/1/43</title>
        <cusip>763342UD2</cusip>
        <identifiers>
          <isin value="US763342UD27"/>
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        <balance>490000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>420627.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <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 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>704202.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAITE PARK MN</name>
        <lei>N/A</lei>
        <title>WAITE PARK MN 5% 12/15/2034</title>
        <cusip>930727P30</cusip>
        <identifiers>
          <isin value="US930727P305"/>
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        <balance>700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>786273.46000000</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>2034-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
        <lei>N/A</lei>
        <title>MN MAC PORT REV 5% 1/1/2029@</title>
        <cusip>603827ZN9</cusip>
        <identifiers>
          <isin value="US603827ZN97"/>
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        <balance>225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>229472.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH WASHINGTON CO IDS 833 MN</name>
        <lei>N/A</lei>
        <title>SOUTH WASH MN 3% 2/1/2033</title>
        <cusip>840610TY5</cusip>
        <identifiers>
          <isin value="US840610TY59"/>
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        <balance>295000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>281718.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2034</title>
        <cusip>151452CJ6</cusip>
        <identifiers>
          <isin value="US151452CJ68"/>
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        <balance>305000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>333182.03000000</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>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ST CLOUD MINN HEALTH CARE RV</name>
        <lei>N/A</lei>
        <title>ST CLOUD_MN HLT 5% 5/1/2054</title>
        <cusip>78916VEU0</cusip>
        <identifiers>
          <isin value="US78916VEU08"/>
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        <balance>5500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5434487.30000000</valUSD>
        <pctVal>1.043420262082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-05-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DELUTH MN CLINIC</name>
        <lei>N/A</lei>
        <title>DULUTH EDA HLTH 5% 6/15/2028</title>
        <cusip>26444CJU7</cusip>
        <identifiers>
          <isin value="US26444CJU71"/>
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        <balance>935000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>989674.41000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</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>
      <invstOrSec>
        <name>SAINT PAUL MINN PORT AUTH DISTENERGY REV</name>
        <lei>N/A</lei>
        <title>SAINT PAUL MINN 4% 10/1/2041</title>
        <cusip>79308GAM9</cusip>
        <identifiers>
          <isin value="US79308GAM96"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>444939.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 3/1/2033</title>
        <cusip>60416JDP2</cusip>
        <identifiers>
          <isin value="US60416JDP21"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>402476.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2032</title>
        <cusip>151452CG2</cusip>
        <identifiers>
          <isin value="US151452CG20"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>300233.95000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MN ST 5% 8/1/2037</title>
        <cusip>60412AM67</cusip>
        <identifiers>
          <isin value="US60412AM678"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6680973.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WHITE BEAR LAKE MINN REV</name>
        <lei>N/A</lei>
        <title>WHITE BEAR LK 5% 6/1/2028</title>
        <cusip>96345PAK2</cusip>
        <identifiers>
          <isin value="US96345PAK21"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1039467.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>MINNESOTA ST MUN PWR AGY ELEC</name>
        <lei>N/A</lei>
        <title>MN MUN PWR 3% 10/1/2034</title>
        <cusip>60412PFT2</cusip>
        <identifiers>
          <isin value="US60412PFT21"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>231040.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-01</maturityDt>
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          <annualizedRt>0.03000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PR ST 5.75% 7/1/2031</title>
        <cusip>74514L3J4</cusip>
        <identifiers>
          <isin value="US74514L3J47"/>
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        <balance>1420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1531647.50000000</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>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05750000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
        <lei>N/A</lei>
        <title>MINNEAPOLS MN 5% 11/15/27</title>
        <cusip>60374VDL4</cusip>
        <identifiers>
          <isin value="US60374VDL45"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>854665.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RAMSEY MINN</name>
        <lei>N/A</lei>
        <title>RAMSEY MINN 5% 12/15/2033</title>
        <cusip>751813VV5</cusip>
        <identifiers>
          <isin value="US751813VV52"/>
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        <balance>565000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>634741.28000000</valUSD>
        <pctVal>0.121870173978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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% 3/1/2034</title>
        <cusip>60416JDQ0</cusip>
        <identifiers>
          <isin value="US60416JDQ04"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>153480.32000000</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>2034-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.625% 2/1/2033</title>
        <cusip>771588VD9</cusip>
        <identifiers>
          <isin value="US771588VD97"/>
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        <balance>1205000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>999771.03000000</valUSD>
        <pctVal>0.191955798690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROSEVILLE MINN INDPT SCH DISTNO 623 CTFS PARTN</name>
        <lei>N/A</lei>
        <title>ROSEVILLE MINN 5% 4/1/2027</title>
        <cusip>778103AF8</cusip>
        <identifiers>
          <isin value="US778103AF83"/>
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        <balance>850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>870002.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 4% 2/1/2036</title>
        <cusip>603790RE8</cusip>
        <identifiers>
          <isin value="US603790RE83"/>
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        <balance>1745000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1755767.17000000</valUSD>
        <pctVal>0.337106876793</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>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV</name>
        <lei>N/A</lei>
        <title>ST PAUL MN HLTH 5% 7/1/30</title>
        <cusip>792905DE8</cusip>
        <identifiers>
          <isin value="US792905DE82"/>
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        <balance>5015000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5015000.00000000</valUSD>
        <pctVal>0.962878800792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA 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>
        <identifiers>
          <isin value="US60416JDM99"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>261516.08000000</valUSD>
        <pctVal>0.050211024825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>939668.28000000</valUSD>
        <pctVal>0.180416085062</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>0.02000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>875141.20000000</valUSD>
        <pctVal>0.168026901132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BURNSVILLE MN</name>
        <lei>N/A</lei>
        <title>BURNS MN 122458 2.85% 12/20/2031</title>
        <cusip>122458W57</cusip>
        <identifiers>
          <isin value="US122458W574"/>
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        <balance>935000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>876227.21000000</valUSD>
        <pctVal>0.168235414792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02850000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 5% 2/1/2041</title>
        <cusip>603790UJ3</cusip>
        <identifiers>
          <isin value="US603790UJ34"/>
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        <balance>1660000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1725901.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WRIGHT CNTY MINN CTFS PARTN</name>
        <lei>N/A</lei>
        <title>WRIGHT CNTY MIN 5% 12/1/2031</title>
        <cusip>982276AM9</cusip>
        <identifiers>
          <isin value="US982276AM91"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1089578.90000000</valUSD>
        <pctVal>0.209198888255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 4% 2/1/2034</title>
        <cusip>603790LX2</cusip>
        <identifiers>
          <isin value="US603790LX29"/>
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        <balance>2595000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2623885.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOORHEAD MINN PUB UTIL REV</name>
        <lei>N/A</lei>
        <title>MOORH MN 616183 2.75% 11/1/2035</title>
        <cusip>616183JU4</cusip>
        <identifiers>
          <isin value="US616183JU49"/>
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        <balance>795000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>678072.43000000</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>0.02750000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WHITE BEAR LAKE MINN REV</name>
        <lei>N/A</lei>
        <title>WHITE BEAR LK 5% 6/1/2030</title>
        <cusip>96345PAM8</cusip>
        <identifiers>
          <isin value="US96345PAM86"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>650664.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 3.50% 7/1/2050</title>
        <cusip>60416S6S4</cusip>
        <identifiers>
          <isin value="US60416S6S42"/>
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        <balance>2565000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2557266.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</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>MINNESOTA ST</name>
        <lei>N/A</lei>
        <title>MN ST 2.25% 8/1/2029</title>
        <cusip>60412AGT4</cusip>
        <identifiers>
          <isin value="US60412AGT43"/>
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        <balance>420000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400746.19000000</valUSD>
        <pctVal>0.076943172651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</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>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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        <curCd>USD</curCd>
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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>
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          <isin value="US804362MT59"/>
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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>MINNEAPOLIS and ST PAUL MN HSG and HSP</name>
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          <isin value="US603695KA49"/>
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        <fairValLevel>2</fairValLevel>
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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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        <curCd>USD</curCd>
        <valUSD>507162.47000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</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>DELUTH MN CLINIC</name>
        <lei>N/A</lei>
        <title>DULUTH EDA HLTH 4% 6/15/2037</title>
        <cusip>26444CKD3</cusip>
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          <isin value="US26444CKD38"/>
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        <balance>1140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1139202.68000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</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 3.50% 7/1/2046</title>
        <cusip>60416SPM6</cusip>
        <identifiers>
          <isin value="US60416SPM60"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1197911.04000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN</name>
        <lei>N/A</lei>
        <title>MN ST HSG FIN 3.15% 6/1/2049</title>
        <cusip>60416QHN7</cusip>
        <identifiers>
          <isin value="US60416QHN79"/>
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        <balance>674183.62200000</balance>
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        <curCd>USD</curCd>
        <valUSD>600720.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03150000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2039</title>
        <cusip>151452CP2</cusip>
        <identifiers>
          <isin value="US151452CP29"/>
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        <balance>385000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>403965.18000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AU</name>
        <lei>N/A</lei>
        <title>MN ST HEFA 5% 10/1/2031</title>
        <cusip>60416H4P6</cusip>
        <identifiers>
          <isin value="US60416H4P65"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>608698.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA AGRIC and EC DEV BRD</name>
        <lei>N/A</lei>
        <title>MN AG and EC DEV 4% 1/1/2049</title>
        <cusip>6049203D8</cusip>
        <identifiers>
          <isin value="US6049203D82"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2548284.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2038</title>
        <cusip>151452CN7</cusip>
        <identifiers>
          <isin value="US151452CN70"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>390876.07000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>PR AFICA HOSP 4% 7/1/2036</title>
        <cusip>74527EFS2</cusip>
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          <isin value="US74527EFS28"/>
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        <balance>105000.00000000</balance>
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        <valUSD>98442.54000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>MAPLE GRV HLTH 5% 9/1/28</title>
        <cusip>56516TAV7</cusip>
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          <isin value="US56516TAV70"/>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>0.05000000</annualizedRt>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 3% 1/1/2052</title>
        <cusip>60416TFM5</cusip>
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          <isin value="US60416TFM53"/>
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        <valUSD>1319237.77000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2031</title>
        <cusip>665444LG8</cusip>
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          <isin value="US665444LG86"/>
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        <fairValLevel>2</fairValLevel>
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        <name>METRO CNCL MN MINN-ST PAUL</name>
        <lei>N/A</lei>
        <title>METRO CNCL MN 2.125% 3/1/2037</title>
        <cusip>591852S90</cusip>
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          <isin value="US591852S909"/>
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          <maturityDt>2037-03-01</maturityDt>
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          <annualizedRt>0.02125000</annualizedRt>
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        <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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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02460000</annualizedRt>
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      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 5% 2/1/2041</title>
        <cusip>603790TN6</cusip>
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          <isin value="US603790TN64"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <isin value="US96345PAH91"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <cusip>60416JBT6</cusip>
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          <isin value="US60416JBT60"/>
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        <valUSD>431987.28000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
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        <cusip>74527EFX1</cusip>
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          <isin value="US74527EFX13"/>
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        <valUSD>73150.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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        <name>OSSEO MN INDPT SCH DIST # 279</name>
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          <isin value="US688443X471"/>
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        <valUSD>3049773.20000000</valUSD>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OSSEO MN INDPT SCH DIST # 279</name>
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          <isin value="US688443X547"/>
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        <name>SHAKOPEE MINN HEALTH CARE FACS REV</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <name>VIRGINIA MN</name>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
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          <isin value="US665444KD64"/>
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        <name>WARREN / ALVARADO / OSLO MINNINDPT SCH DIST NP 2176</name>
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          <isin value="US934664CH48"/>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <cusip>60416JDG2</cusip>
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          <isin value="US60416JDG22"/>
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        <name>SOUTHERN MN MUN PWR AGY PWR</name>
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          <isin value="US843375C794"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN</name>
        <lei>N/A</lei>
        <title>MN ST HSG FIN 2.47% 1/1/2050</title>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02470000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>HENNEPIN CNTY MINN</name>
        <lei>N/A</lei>
        <title>HENNEPIN CO MN 5% 12/1/2044</title>
        <cusip>425507QF0</cusip>
        <identifiers>
          <isin value="US425507QF02"/>
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        <curCd>USD</curCd>
        <valUSD>3155900.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>
        <identifiers>
          <isin value="US245667TW06"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1051960.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AU</name>
        <lei>N/A</lei>
        <title>MN ST HEFA 3% 3/1/2033</title>
        <cusip>60416H6E9</cusip>
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          <isin value="US60416H6E90"/>
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        <balance>1510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1434361.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</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>ITASCA CNTY MINN</name>
        <lei>N/A</lei>
        <title>ITASC MN 465452 2% 2/1/2032</title>
        <cusip>465452LM0</cusip>
        <identifiers>
          <isin value="US465452LM09"/>
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        <balance>1475000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1291136.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <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>WAITE PARK MN</name>
        <lei>N/A</lei>
        <title>WAITE PARK MN 5% 12/15/2033</title>
        <cusip>930727P22</cusip>
        <identifiers>
          <isin value="US930727P222"/>
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        <balance>1275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1444150.94000000</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>2033-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 5% 2/1/2042</title>
        <cusip>603790TP1</cusip>
        <identifiers>
          <isin value="US603790TP13"/>
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        <balance>1235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1276970.24000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
        <lei>N/A</lei>
        <title>MN MAC PORT REV 5% 1/1/2034@</title>
        <cusip>603827ZT6</cusip>
        <identifiers>
          <isin value="US603827ZT67"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>227418.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
        <lei>N/A</lei>
        <title>MN MAC PORT REV 5% 1/1/2028@</title>
        <cusip>603827ZM1</cusip>
        <identifiers>
          <isin value="US603827ZM15"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>438831.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 3/1/2037</title>
        <cusip>60416JDT4</cusip>
        <identifiers>
          <isin value="US60416JDT43"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100759.77000000</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>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2037</title>
        <cusip>151452CM9</cusip>
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          <isin value="US151452CM97"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>297684.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>CHASKA MINN ELEC REV</name>
        <lei>N/A</lei>
        <title>CHASKA MN ELEC 5% 10/1/2026</title>
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        <identifiers>
          <isin value="US161670EX89"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1005520.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MOUNDS VIEW MINN MULTIFAMILY HSG REV</name>
        <lei>N/A</lei>
        <title>MOUNDS VIEW MIN 3.375% MT</title>
        <cusip>620646AC3</cusip>
        <identifiers>
          <isin value="US620646AC35"/>
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        <balance>3250000.00000000</balance>
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        <valUSD>3255092.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03375000</annualizedRt>
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      <invstOrSec>
        <name>CENTER CITY MN HEALTH CARE FAC</name>
        <lei>N/A</lei>
        <title>CENTER CITY HLT 5% 11/1/2035</title>
        <cusip>151452CK3</cusip>
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          <isin value="US151452CK32"/>
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        <balance>320000.00000000</balance>
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        <valUSD>345786.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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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>
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          <isin value="US665444KE48"/>
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        <balance>350000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2045</title>
        <cusip>930256AK8</cusip>
        <identifiers>
          <isin value="US930256AK88"/>
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        <balance>1900000.00000000</balance>
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        <valUSD>1903890.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ANOKA-HENNEPIN MN ISD 11 COP</name>
        <lei>N/A</lei>
        <title>ANOKA-HENNEPIN 5% 2/1/2029</title>
        <cusip>036312AP1</cusip>
        <identifiers>
          <isin value="US036312AP16"/>
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        <balance>1415000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ST CLOUD MN INDPT SCH DIST 742</name>
        <lei>N/A</lei>
        <title>ST CLOUD MN SD 0% 2/1/2030</title>
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          <isin value="US789177SW31"/>
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        <curCd>USD</curCd>
        <valUSD>541693.78000000</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>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYZATA MINN SR HSG REV</name>
        <lei>N/A</lei>
        <title>WAYZATA MINN R 5% 8/1/2049</title>
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        <identifiers>
          <isin value="US946829BQ02"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>476229.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DELUTH MN CLINIC</name>
        <lei>N/A</lei>
        <title>DULUTH EDA HLTH 5% 6/15/2031</title>
        <cusip>26444CJX1</cusip>
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          <isin value="US26444CJX11"/>
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        <balance>1220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1335666.13000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <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>
        <cusip>603792VE9</cusip>
        <identifiers>
          <isin value="US603792VE93"/>
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        <balance>2040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1701314.30000000</valUSD>
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        <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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EDINA MINN</name>
        <lei>549300V5XW2LPH6R4I43</lei>
        <title>EDINA MN 4% 2/1/2053</title>
        <cusip>280606HW7</cusip>
        <identifiers>
          <isin value="US280606HW76"/>
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        <balance>945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>828745.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-02-01</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>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2032</title>
        <cusip>930256AG7</cusip>
        <identifiers>
          <isin value="US930256AG76"/>
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        <balance>365000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>399678.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>207902.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.75% 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>961510.42000000</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>0.01750000</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>MINNEAPOLIS MINN HEALTH CARE S</name>
        <lei>N/A</lei>
        <title>MN FAIRVIEW HLTH 18C L=BA V1</title>
        <cusip>60374VEJ8</cusip>
        <identifiers>
          <isin value="US60374VEJ89"/>
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        <balance>11800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11800000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DILWORTH MN</name>
        <lei>N/A</lei>
        <title>DILWORTH MN 4% 2/1/2038</title>
        <cusip>254280YM6</cusip>
        <identifiers>
          <isin value="US254280YM67"/>
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        <balance>1030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031186.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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      <invstOrSec>
        <name>WEST ST PAUL MN INDEPT SCH DIS</name>
        <lei>N/A</lei>
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        <cusip>955686TF7</cusip>
        <identifiers>
          <isin value="US955686TF73"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1917010.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03650000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN</name>
        <lei>N/A</lei>
        <title>MN ST HSG FIN 2.35% 6/1/2050</title>
        <cusip>60416QHW7</cusip>
        <identifiers>
          <isin value="US60416QHW78"/>
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        <balance>580075.92300000</balance>
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        <curCd>USD</curCd>
        <valUSD>452117.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02350000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 5% 2/1/2033</title>
        <cusip>603790NM4</cusip>
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          <isin value="US603790NM46"/>
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        <balance>3190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3328014.39000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2031</title>
        <cusip>930256AF9</cusip>
        <identifiers>
          <isin value="US930256AF93"/>
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        <balance>395000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>430406.10000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2030</title>
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          <isin value="US665444LF04"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1135929.69000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>ROSEVILLE MN ISD NO 623</name>
        <lei>N/A</lei>
        <title>ROSEVLLE MN ISD 5% 2/1/2029</title>
        <cusip>778102U50</cusip>
        <identifiers>
          <isin value="US778102U504"/>
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        <balance>5180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5367088.13000000</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>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OSSEO MN INDPT SCH DIST # 279</name>
        <lei>N/A</lei>
        <title>OSSEO MN ISD 1.875% 2/1/2037</title>
        <cusip>688443X88</cusip>
        <identifiers>
          <isin value="US688443X885"/>
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        <balance>3205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2406923.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01875000</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>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>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NORTHERN MUN PWR AGY MN ELEC</name>
        <lei>N/A</lei>
        <title>N MUNI PWR 5% 1/1/2028</title>
        <cusip>665444KB0</cusip>
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          <isin value="US665444KB09"/>
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        <curCd>USD</curCd>
        <valUSD>505166.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MOUNDS VIEW MN INDPT SCH D 621</name>
        <lei>N/A</lei>
        <title>MOUNDS VIEW ISD 3.45% 2/1/2037</title>
        <cusip>620637Y93</cusip>
        <identifiers>
          <isin value="US620637Y931"/>
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        <curCd>USD</curCd>
        <valUSD>1898873.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03450000</annualizedRt>
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      <invstOrSec>
        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
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        <cusip>512462YR7</cusip>
        <identifiers>
          <isin value="US512462YR71"/>
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        <curCd>USD</curCd>
        <valUSD>1145155.47000000</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>2037-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>MAPLE GRV HLTH MN 5% 5/1/29</title>
        <cusip>56516TBN4</cusip>
        <identifiers>
          <isin value="US56516TBN46"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1016561.50000000</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>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAPLE GROVE MN HEALTH CARE SYS REV</name>
        <lei>N/A</lei>
        <title>MAPLE GRV HLTH MN 5% 9/1/30</title>
        <cusip>56516TAX3</cusip>
        <identifiers>
          <isin value="US56516TAX37"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1502082.45000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST 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% 10/1/2045</title>
        <cusip>60416JBJ8</cusip>
        <identifiers>
          <isin value="US60416JBJ88"/>
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        <balance>3650000.00000000</balance>
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        <valUSD>3377515.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST MUN PWR AGY ELEC</name>
        <lei>N/A</lei>
        <title>MN MUN PWR 5% 10/1/2036</title>
        <cusip>60412PFV7</cusip>
        <identifiers>
          <isin value="US60412PFV76"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1022360.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 4.25% 7/1/2049</title>
        <cusip>60416SP46</cusip>
        <identifiers>
          <isin value="US60416SP468"/>
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        <balance>1715000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1731461.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04250000</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>MINNEAPOLIS MET AIRPORT COMMIS</name>
        <lei>N/A</lei>
        <title>MN MAC PORT REV 5% 1/1/2031@</title>
        <cusip>603827ZQ2</cusip>
        <identifiers>
          <isin value="US603827ZQ29"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203294.02000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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>933675.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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      <invstOrSec>
        <name>HOPKINS MINN IND SCH DST 270</name>
        <lei>N/A</lei>
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          <isin value="US439881NB55"/>
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        <balance>3000000.00000000</balance>
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        <valUSD>2854070.70000000</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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        <name>APPLE VY MINN SR HSG REV</name>
        <lei>N/A</lei>
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          <isin value="US03800RBJ41"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <cusip>603827ZL3</cusip>
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          <isin value="US603827ZL32"/>
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          <annualizedRt>0.05000000</annualizedRt>
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        <name>WHITE BEAR LK MN INDPT SD 624</name>
        <lei>N/A</lei>
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        <cusip>963439E91</cusip>
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          <isin value="US963439E913"/>
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        <balance>4795000.00000000</balance>
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          <couponKind>Fixed</couponKind>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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          <isin value="US603827ZP46"/>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 10/1/2026</title>
        <cusip>60416JEA4</cusip>
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          <isin value="US60416JEA43"/>
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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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      <invstOrSec>
        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
        <lei>N/A</lei>
        <title>MINNEAPOLS MN 4% 11/15/2040</title>
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          <isin value="US60374VEV18"/>
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        <valUSD>8220976.04000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02125000</annualizedRt>
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      <invstOrSec>
        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.50% 2/1/2032</title>
        <cusip>771588VC1</cusip>
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          <isin value="US771588VC15"/>
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        <curCd>USD</curCd>
        <valUSD>837586.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01500000</annualizedRt>
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      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
        <lei>N/A</lei>
        <title>MN MAC PORT REV 5% 1/1/2036@</title>
        <cusip>603827ZV1</cusip>
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          <isin value="US603827ZV14"/>
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        <balance>220000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>221610.11000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS 4% 8/1/2036</title>
        <cusip>60416S7G9</cusip>
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          <isin value="US60416S7G94"/>
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        <curCd>USD</curCd>
        <valUSD>2006698.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>PR AFICA HOSP 5% 7/1/2032</title>
        <cusip>74527EFN3</cusip>
        <identifiers>
          <isin value="US74527EFN31"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>399623.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAPLE GROVE MN</name>
        <lei>N/A</lei>
        <title>MAPLE GRV MN 1.625% 2/1/2034</title>
        <cusip>56516PVT7</cusip>
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          <isin value="US56516PVT73"/>
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        <balance>790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>634483.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01625000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ROCHESTER MN HEALTH CARE FACS</name>
        <lei>N/A</lei>
        <title>MN MAYO CLINIC 25C Q=BA V1</title>
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          <other otherDesc="Internal" value="LEB812000"/>
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        <balance>11150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11150000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-11-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.03200000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAINT PAUL MINN PORT AUTH DISTENERGY REV</name>
        <lei>N/A</lei>
        <title>SAINT PAUL MINN 3% 10/1/2034</title>
        <cusip>79308GAL1</cusip>
        <identifiers>
          <isin value="US79308GAL14"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>312477.78000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</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>
        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS (MN ST) 5% 8/1/32</title>
        <cusip>60416SJR2</cusip>
        <identifiers>
          <isin value="US60416SJR22"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1001425.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>MINNEAPOLIS and ST PAUL MN HSG and HSP</name>
        <lei>N/A</lei>
        <title>MINN-ST HSG HSP 5% 8/15/2040</title>
        <cusip>603695KB2</cusip>
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          <isin value="US603695KB22"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2222439.24000000</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>
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        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
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        <title>MINNESOTA ST HI 4% 10/1/2046</title>
        <cusip>60416JDA5</cusip>
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          <isin value="US60416JDA51"/>
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          <maturityDt>2046-10-01</maturityDt>
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      <invstOrSec>
        <name>WRIGHT CNTY MN</name>
        <lei>N/A</lei>
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          <isin value="US982271SB57"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>0.03250000</annualizedRt>
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      <invstOrSec>
        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2028</title>
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          <isin value="US930256AC62"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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        <name>MINNEAPOLIS SPECIAL SCHOOL DISTRICT NO 1</name>
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          <isin value="US603790WM45"/>
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        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>DILWORTH MN</name>
        <lei>N/A</lei>
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          <isin value="US254280YK02"/>
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        <valUSD>473192.27000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV</name>
        <lei>N/A</lei>
        <title>ST PAUL MN HLTH 5% 11/15/2028</title>
        <cusip>792909FA6</cusip>
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          <isin value="US792909FA64"/>
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        <valUSD>475322.83000000</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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
        <lei>N/A</lei>
        <title>MINNEAPOLS MN 4% 11/15/2038</title>
        <cusip>60374VET6</cusip>
        <identifiers>
          <isin value="US60374VET61"/>
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        <balance>1785000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1683514.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-11-15</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>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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>374340.90000000</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>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
        <lei>N/A</lei>
        <title>MINNEAPOLS MN 5% 11/15/32</title>
        <cusip>60374VDR1</cusip>
        <identifiers>
          <isin value="US60374VDR15"/>
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        <balance>2200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2208777.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
        <lei>N/A</lei>
        <title>MN MAC PORT REV 5% 1/1/2032@</title>
        <cusip>603827ZR0</cusip>
        <identifiers>
          <isin value="US603827ZR02"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202759.62000000</valUSD>
        <pctVal>0.038929798555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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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>NORTH ST PAUL MAPLEWOOD MINN INDPT SCH DIST NO 622</name>
        <lei>N/A</lei>
        <title>NORTH ST PAL MN 3% 2/1/2042</title>
        <cusip>662152GC5</cusip>
        <identifiers>
          <isin value="US662152GC52"/>
        </identifiers>
        <balance>3090000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2433418.88000000</valUSD>
        <pctVal>0.467215843070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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% 3/1/2036</title>
        <cusip>60416JDS6</cusip>
        <identifiers>
          <isin value="US60416JDS69"/>
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        <balance>125000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>126742.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
        <title>LAKEVILLE MN SD 2% 2/1/2038</title>
        <cusip>512462YS5</cusip>
        <identifiers>
          <isin value="US512462YS54"/>
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        <balance>3075000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2242902.54000000</valUSD>
        <pctVal>0.430636751347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROCHESTER MN</name>
        <lei>N/A</lei>
        <title>ROCHESTER MN 1.625% 2/1/2034</title>
        <cusip>771588VE7</cusip>
        <identifiers>
          <isin value="US771588VE70"/>
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        <balance>1255000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1010380.55000000</valUSD>
        <pctVal>0.193992823993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.01625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNEAPOLIS MINN HEALTH CARE S</name>
        <lei>N/A</lei>
        <title>MINNEAPOLS MN 4% 11/15/2039</title>
        <cusip>60374VEU3</cusip>
        <identifiers>
          <isin value="US60374VEU35"/>
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        <balance>1265000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1184514.38000000</valUSD>
        <pctVal>0.227426477713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2026</title>
        <cusip>60416JCN8</cusip>
        <identifiers>
          <isin value="US60416JCN81"/>
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        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>190137.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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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% 12/1/2027</title>
        <cusip>60416JCP3</cusip>
        <identifiers>
          <isin value="US60416JCP30"/>
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        <balance>195000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>193975.47000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LAKEVILL MN INDPT SCH DIST 194</name>
        <lei>N/A</lei>
        <title>LAKEVILLE MN SD 2% 2/1/2040</title>
        <cusip>512462YU0</cusip>
        <identifiers>
          <isin value="US512462YU01"/>
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        <balance>4285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2916965.76000000</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>2040-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2028</title>
        <cusip>60416JCQ1</cusip>
        <identifiers>
          <isin value="US60416JCQ13"/>
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        <balance>480000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>475282.70000000</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>2028-12-01</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>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>
        <identifiers>
          <isin value="US60416MBZ59"/>
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        <balance>3600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3741097.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 4% 12/1/2025</title>
        <cusip>60416JCM0</cusip>
        <identifiers>
          <isin value="US60416JCM09"/>
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        <balance>180000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>179898.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04000000</annualizedRt>
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          <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>947969.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03750000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ST CLOUD MINN HEALTH CARE RV</name>
        <lei>N/A</lei>
        <title>ST CLOUD_MN HLT 5% 5/1/2044</title>
        <cusip>78916VES5</cusip>
        <identifiers>
          <isin value="US78916VES51"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1011538.70000000</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>2044-05-01</maturityDt>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>ST PAUL MN HSG and REDEV AUTH HEALTH CARE FAC REV</name>
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        <name>MOORHEAD MN</name>
        <lei>N/A</lei>
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        <cusip>616142SW6</cusip>
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          <isin value="US616142SW61"/>
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          <couponKind>Fixed</couponKind>
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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="US60416JDB35"/>
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          <couponKind>Fixed</couponKind>
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        <name>MINNESOTA ST HSG FIN AGY</name>
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        <cusip>60416SJQ4</cusip>
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        <name>DULUTH MINN INDPT SCH DIST NO 709 CTFS PARTN</name>
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        <title>DULUTH MN ISD 3% 3/1/2032</title>
        <cusip>264474JW8</cusip>
        <identifiers>
          <isin value="US264474JW85"/>
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        <name>WAITE PARK MN</name>
        <lei>N/A</lei>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
        <title>MINNESOTA ST HS (MN ST) 5% 8/1/33</title>
        <cusip>60416SJS0</cusip>
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        <valUSD>1001157.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
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        <name>SHAKOPEE MINN HEALTH CARE FACS REV</name>
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        <title>SHAKOPEE MN HLT 5% 9/1/2028</title>
        <cusip>819175BG4</cusip>
        <identifiers>
          <isin value="US819175BG45"/>
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        <balance>1000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
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          <maturityDt>2028-09-01</maturityDt>
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        <name>DILWORTH MN</name>
        <lei>N/A</lei>
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        <name>EDEN PRAIRIE MN INDPT SCH DIST</name>
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          <isin value="US279533XS72"/>
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        <name>CENTER CITY MN HEALTH CARE FAC</name>
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          <isin value="US151452CH03"/>
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        <name>MINNESOTA ST HSG FIN AGY</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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        <title>MN MAC PORT REV 5% 1/1/30</title>
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        <name>NORTHERN MUN PWR AGY MN ELEC</name>
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        <name>MINNEAPOLIS MET AIRPORT COMMIS</name>
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          <isin value="US603827ZU31"/>
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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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          <isin value="US60416S6H86"/>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WADENA MINN REV</name>
        <lei>N/A</lei>
        <title>WADENA MINN REV 5% 12/1/2030</title>
        <cusip>930256AE2</cusip>
        <identifiers>
          <isin value="US930256AE29"/>
        </identifiers>
        <balance>380000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>410797.67000000</valUSD>
        <pctVal>0.078873054408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <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>1344234.50000000</valUSD>
        <pctVal>0.258092702561</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>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% 10/1/2034</title>
        <cusip>60416JBD1</cusip>
        <identifiers>
          <isin value="US60416JBD19"/>
        </identifiers>
        <balance>1155000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1172177.04000000</valUSD>
        <pctVal>0.225057711384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>PR AFICA HOSP 5% 7/1/2030</title>
        <cusip>74527EFL7</cusip>
        <identifiers>
          <isin value="US74527EFL74"/>
        </identifiers>
        <balance>565000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>593857.43000000</valUSD>
        <pctVal>0.114020484554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H</name>
        <lei>N/A</lei>
        <title>MINNESOTA ST HI 3% 3/1/2043</title>
        <cusip>60416JDW7</cusip>
        <identifiers>
          <isin value="US60416JDW71"/>
        </identifiers>
        <balance>430000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>336618.19000000</valUSD>
        <pctVal>0.064630611986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03000000</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 SPECIAL SCHOOL DISTRICT NO 1</name>
        <lei>N/A</lei>
        <title>MINNEAPOLIS SPE 5% 2/1/2032</title>
        <cusip>603790NL6</cusip>
        <identifiers>
          <isin value="US603790NL62"/>
        </identifiers>
        <balance>895000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>939992.63000000</valUSD>
        <pctVal>0.180478360185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINNESOTA 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(ST KATES UNIV) 5% 10/1/35</title>
        <cusip>60416JBE9</cusip>
        <identifiers>
          <isin value="US60416JBE91"/>
        </identifiers>
        <balance>190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192208.35000000</valUSD>
        <pctVal>0.036903957238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ST PAUL MINN WTR REV</name>
        <lei>N/A</lei>
        <title>ST PAUL MN SWR 2% 12/1/2041</title>
        <cusip>793071UX7</cusip>
        <identifiers>
          <isin value="US793071UX76"/>
        </identifiers>
        <balance>1220000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>765938.69000000</valUSD>
        <pctVal>0.147060045325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO COMWLTH</name>
        <lei>N/A</lei>
        <title>PR ST 5.625% 7/1/2029</title>
        <cusip>74514L3H8</cusip>
        <identifiers>
          <isin value="US74514L3H80"/>
        </identifiers>
        <balance>595000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>627611.12000000</valUSD>
        <pctVal>0.120501184963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05625000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Laura M. Del Prato</ncom:nameOfApplicant>
      <ncom:signature>Laura M. Del Prato</ncom:signature>
      <ncom:signerName>Laura M. Del Prato</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
