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        <name>Montgomery County Industrial Development Authority</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Illinois Finance Authority</name>
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      <invstOrSec>
        <name>City of Hazard KY</name>
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      <invstOrSec>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-01</maturityDt>
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        <name>Clark County School District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-06-15</maturityDt>
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        <name>St Louis Municipal Finance Corp.</name>
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          <isin value="US79165TUC34"/>
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        <curCd>USD</curCd>
        <valUSD>4881442.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Jacksonville FL</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Arkansas Development Finance Authority</name>
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        <name>Community Independent School District/TX</name>
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        <name>JEA Electric System Revenue</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <name>Orange County Health Facilities Authority</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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      </invstOrSec>
      <invstOrSec>
        <name>North Sumter County Utility Dependent District</name>
        <lei>N/A</lei>
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          <isin value="US66272RCG56"/>
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        <curCd>USD</curCd>
        <valUSD>4105116.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
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        <title>New Jersey Economic Development Authority</title>
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          <isin value="US64578EKU00"/>
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        <curCd>USD</curCd>
        <valUSD>4640355.80000000</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>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>County of Miami-Dade FL Water &amp; Sewer System Revenue</name>
        <lei>N/A</lei>
        <title>County of Miami-Dade</title>
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          <isin value="US59334DMH43"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2787437.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp.</title>
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          <isin value="US34061QBU04"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5963475.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>Los Angeles Department of Water &amp; Power</title>
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          <isin value="US544495A879"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20216490.00000000</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>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
        <cusip>59447TL68</cusip>
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          <isin value="US59447TL687"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>844002.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sarasota County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Sarasota County Health Facilities Authority</title>
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          <isin value="US80329UBJ79"/>
          <other otherDesc="Inhouse Asset ID" value="875580"/>
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        <balance>1025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>965775.19000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sarasota County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Sarasota County Health Facilities Authority</title>
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          <isin value="US80329UBH14"/>
          <other otherDesc="Inhouse Asset ID" value="875579"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>584652.36000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utah Municipal Power Agency</name>
        <lei>549300ZRZ5YVJ6KNNV32</lei>
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          <isin value="US91756TAF84"/>
          <other otherDesc="Inhouse Asset ID" value="647827"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10349506.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Germantown TN</name>
        <lei>N/A</lei>
        <title>City of Germantown</title>
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          <isin value="US374090VX30"/>
          <other otherDesc="Inhouse Asset ID" value="674215"/>
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        <balance>2330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2158366.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>County of Franklin OH</name>
        <lei>549300VCBUC1RZE7KL42</lei>
        <title>County of Franklin, Series 2017</title>
        <cusip>353202FM1</cusip>
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          <isin value="US353202FM16"/>
          <other otherDesc="Inhouse Asset ID" value="657709"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9711713.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Transportation Commission State Highway 249 System</name>
        <lei>N/A</lei>
        <title>Texas Transportation Commission</title>
        <cusip>88283NAU6</cusip>
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          <isin value="US88283NAU63"/>
          <other otherDesc="Inhouse Asset ID" value="964212"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>935127.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Turnpike Authority</name>
        <lei>549300FCT1PN0GJGQ240</lei>
        <title>North Carolina Turnpike Authority</title>
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          <isin value="US65830RAR03"/>
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        <balance>15215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8228045.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-01-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2017 A</title>
        <cusip>452152U33</cusip>
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          <isin value="US452152U338"/>
          <other otherDesc="Inhouse Asset ID" value="1112265"/>
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        <balance>3150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2648144.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois, Series 2020 C</title>
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          <isin value="US4521527B18"/>
          <other otherDesc="Inhouse Asset ID" value="1120098"/>
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        <balance>3685000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3108357.57000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Virginia Water Development Authority</name>
        <lei>N/A</lei>
        <title>West Virginia Water Development Authority</title>
        <cusip>956725FC4</cusip>
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          <isin value="US956725FC40"/>
          <other otherDesc="Inhouse Asset ID" value="654546"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5212728.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Series 2011 B</title>
        <cusip>66285WHD1</cusip>
        <identifiers>
          <isin value="US66285WHD11"/>
          <other otherDesc="Inhouse Asset ID" value="492250"/>
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        <balance>7500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3460308.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>State of Illinois</name>
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          <maturityDt>2034-12-01</maturityDt>
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        <name>Tohopekaliga Water Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
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        <name>New York Transportation Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
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        <name>Chicago Park District</name>
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        <name>North Carolina Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Edmond Public Works Authority</name>
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        <name>Ohio State University (The)</name>
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        <name>Harris County Toll Road Authority (The)</name>
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        <name>Southwestern Illinois Development Authority</name>
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        <name>Gainesville &amp; Hall County Hospital Authority</name>
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        <name>Massachusetts Educational Financing Authority</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2051-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority, Series 2022 A</title>
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          <isin value="US650028YW79"/>
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        <curCd>USD</curCd>
        <valUSD>6068703.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northern Indiana Commuter Transportation District</name>
        <lei>N/A</lei>
        <title>Northern Indiana Commuter Transportation District</title>
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          <isin value="US66528PBC14"/>
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        <curCd>USD</curCd>
        <valUSD>6115333.20000000</valUSD>
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        <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>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Memphis-Shelby County Airport Authority</name>
        <lei>N/A</lei>
        <title>Memphis-Shelby County Airport Authority</title>
        <cusip>586111NC6</cusip>
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          <isin value="US586111NC62"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9551066.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442EHR4</cusip>
        <identifiers>
          <isin value="US74442EHR45"/>
          <other otherDesc="Inhouse Asset ID" value="1173942"/>
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        <balance>6000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4207604.40000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2061-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2021 A</title>
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          <isin value="US6461367X38"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1279771.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority</title>
        <cusip>646136XQ9</cusip>
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          <isin value="US646136XQ91"/>
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        <balance>4750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1748982.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Jose Unified School District</name>
        <lei>N/A</lei>
        <title>San Jose Unified School District</title>
        <cusip>798186K50</cusip>
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          <isin value="US798186K504"/>
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        <balance>10600000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9862511.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Park District</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615G56</cusip>
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          <isin value="US167615G560"/>
          <other otherDesc="Inhouse Asset ID" value="1112050"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1089574.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
        <title>American Municipal Power, Inc.</title>
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        <identifiers>
          <isin value="US02765UGK43"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2518575.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Tennessee Housing Development Agency</name>
        <lei>N/A</lei>
        <title>Tennessee Housing Development Agency</title>
        <cusip>880461QX9</cusip>
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          <isin value="US880461QX91"/>
          <other otherDesc="Inhouse Asset ID" value="673129"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>595215.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington Clackamas &amp; Yamhill Counties School District No. 88J</name>
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          <isin value="US937440FE00"/>
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        <balance>5900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2148896.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Park District</name>
        <lei>549300DNSTZGBZLIU409</lei>
        <title>Chicago Park District</title>
        <cusip>167615B77</cusip>
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          <isin value="US167615B777"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442EHQ6</cusip>
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          <isin value="US74442EHQ61"/>
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        <balance>10000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Montgomery County Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>613609F92</cusip>
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          <isin value="US613609F920"/>
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        <balance>9000000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2048-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tarrant County Health Facilities Development Corp.</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-09-01</maturityDt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2043-01-01</maturityDt>
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          <annualizedRt>6.50000160</annualizedRt>
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      <invstOrSec>
        <name>Lee County Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US52349EDW75"/>
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        <balance>6360000.00000000</balance>
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        <valUSD>6073770.11000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Public Power Generation Agency</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Puerto Rico Industrial Tourist Educational Medical and Environmental Control Facilities Financing Authority Revenue</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>San Antonio Water System</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Eagle River Water and Sanitation District</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
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        <name>Indiana Finance Authority</name>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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        <name>Chicago Park District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County TN Water &amp; Sewer Revenue</name>
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        <name>Illinois Finance Authority</name>
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        <name>City of Detroit MI Sewage Disposal System Revenue</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>EP Cimarron Ventanas PFC</name>
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        <name>Indiana University</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Northern Tobacco Securitization Corp.</name>
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          <isin value="US66585VBZ76"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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          <annualizedRt>0.50000000</annualizedRt>
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      <invstOrSec>
        <name>Brookhaven Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Memphis-Shelby County Airport Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>San Antonio Water System</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Health Care Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARC70 II TRUST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fayette County Hospital Authority</name>
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        <name>State of California</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Philadelphia Gas Works Co.</name>
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        <name>County of Miami-Dade FL Aviation Revenue</name>
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        <name>Public Finance Authority</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Morehead State University</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <name>Hammond Multi-School Building Corp.</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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      <invstOrSec>
        <name>City of Salt Lake City UT Airport Revenue</name>
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        <name>Rhode Island Housing and Mortgage Finance Corp.</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Johnson City Health &amp; Educational Facilities Board</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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        <name>San Antonio Public Facilities Corp.</name>
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        <name>Texas Transportation Commission State Highway 249 System</name>
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        <name>Maryland Economic Development Corp.</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Middleton Community Development District A</name>
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        <name>Mid-Bay Bridge Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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          <maturityDt>2041-05-15</maturityDt>
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        <fairValLevel>2</fairValLevel>
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        <name>Delaware County Regional Water Quality Control Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Oregon State Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Wyandotte County-Kansas City Unified Government Utility System Revenue</name>
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        <name>Glendale Municipal Property Corp.</name>
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        <name>Haven</name>
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        <name>Arizona State University</name>
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      <invstOrSec>
        <name>Kentucky Bond Development Corp.</name>
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        <name>Massachusetts School Building Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Chicago Transit Authority Sales Tax Receipts Fund</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>Chicago Park District</name>
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        <name>Palm Beach County Health Facilities Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Mississippi Home Corp.</name>
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        <name>Lancaster Industrial Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Northeast Ohio Regional Sewer District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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        <name>County of Miami-Dade FL Aviation Revenue</name>
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        <name>Northern Tobacco Securitization Corp.</name>
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        <name>City of Farmington NM</name>
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        <name>Michigan Finance Authority</name>
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      </invstOrSec>
      <invstOrSec>
        <name>North Harris County Regional Water Authority</name>
        <lei>N/A</lei>
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        <valUSD>9065929.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clark County School District</name>
        <lei>N/A</lei>
        <title>Clark County School District</title>
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          <isin value="US181059P671"/>
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        <curCd>USD</curCd>
        <valUSD>653582.79000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Eastern Municipal Power Agency</name>
        <lei>N/A</lei>
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        <cusip>658196PR5</cusip>
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          <isin value="US658196PR50"/>
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        <curCd>USD</curCd>
        <valUSD>39225446.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Edmond Public Works Authority</name>
        <lei>N/A</lei>
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        <cusip>28112NJA4</cusip>
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          <isin value="US28112NJA46"/>
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        <balance>4500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4653292.05000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Idaho Health Facilities Authority</name>
        <lei>549300X43KY1C2WW0J97</lei>
        <title>Idaho Health Facilities Authority</title>
        <cusip>451295ZW2</cusip>
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          <isin value="US451295ZW28"/>
          <other otherDesc="Inhouse Asset ID" value="919645"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3512695.90000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Municipal Bond Bank Authority</name>
        <lei>N/A</lei>
        <title>Alaska Municipal Bond Bank Authority</title>
        <cusip>01179RNE9</cusip>
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          <isin value="US01179RNE98"/>
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        <balance>12950000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13193030.06000000</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>2039-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Kentucky Bond Development Corp.</name>
        <lei>N/A</lei>
        <title>Kentucky Bond Development Corp.</title>
        <cusip>491211AU2</cusip>
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          <isin value="US491211AU26"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1959607.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Monroe FL Airport Revenue</name>
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          <isin value="US610466AV63"/>
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        <curCd>USD</curCd>
        <valUSD>964024.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Park District</name>
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        <title>Chicago Park District</title>
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          <isin value="US167615B934"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>850383.70000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Glendale Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US378287BA35"/>
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        <balance>10000000.00000000</balance>
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        <valUSD>8338347.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hopkins County School District Finance Corp.</name>
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        <title>Hopkins County School District Finance Corp.</title>
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          <isin value="US439767XV17"/>
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        <valUSD>1430711.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-02-01</maturityDt>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>North East Texas Regional Mobility Authority</name>
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          <isin value="US659231AM65"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Capital Projects Finance Authority</name>
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          <isin value="US140427BN43"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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        <name>Hillsborough County Aviation Authority</name>
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        <valUSD>4824927.00000000</valUSD>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
        <name>Washington Higher Education Facilities Authority</name>
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        <name>Montana Facility Finance Authority</name>
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      <invstOrSec>
        <name>Conroe Local Government Corp.</name>
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      <invstOrSec>
        <name>Escambia County Health Facilities Authority</name>
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        <name>Orange County Health Facilities Authority</name>
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        <name>West Virginia Water Development Authority</name>
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          <isin value="US956725FE06"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Thruway Authority</name>
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          <isin value="US650010BB63"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-01</maturityDt>
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        <name>Nassau County Industrial Development Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hidalgo County Regional Mobility Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Memphis TN Gas Revenue</name>
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        <name>Public Finance Authority</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <invCountry>PR</invCountry>
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        <name>M-S-R Energy Authority</name>
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        <name>Wyandotte County-Kansas City Unified Government Utility System Revenue</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Metropolitan Washington Airports Authority</name>
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        <name>Lehigh County General Purpose Authority</name>
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        <name>Iowa Tobacco Settlement Authority</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Michigan Strategic Fund</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>South Fork East Community Development District</name>
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        <name>Miami-Dade County Health Facilities Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Fort Pierce Utilities Authority</name>
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        <name>Kentucky Municipal Power Agency</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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      <invstOrSec>
        <name>Glynn-Brunswick Memorial Hospital Authority</name>
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        <name>City of New York NY</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Vermont Educational &amp; Health Buildings Financing Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago Midway International Airport</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-01-01</maturityDt>
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        <name>Illinois Finance Authority</name>
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        <name>South Blount County Utility District</name>
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        <name>New Haven Unified School District</name>
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        <name>Virginia Resources Authority</name>
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        <name>Washington State Convention Center Public Facilities District</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Central Plains Energy Project</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <name>Michigan State Building Authority</name>
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        <name>Maricopa County Pollution Control Corp.</name>
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        <name>JEA Electric System Revenue</name>
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        <name>Maine Turnpike Authority</name>
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        <name>Lakeside Place PFC</name>
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        <name>Mississippi Home Corp.</name>
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        <name>Kaufman County Fresh Water Supply District No. 1-D</name>
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        <name>South Carolina Jobs-Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>State of Illinois</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Mississippi Business Finance Corp.</name>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Goose Creek Consolidated Independent School District</name>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>Timber Creek Southwest Community Development District</name>
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        <name>Michigan Finance Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>City of Shreveport LA Water &amp; Sewer Revenue</name>
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        <name>Abilene Convention Center Hotel Development Corp.</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Texas Municipal Gas Acquisition &amp; Supply Corp. III</name>
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        <name>Align Affordable Housing Bond Fund LP</name>
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        <name>City of Chattanooga TN Electric Revenue</name>
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        <name>New Hampshire Health and Education Facilities Authority Act</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>Akron Bath Copley Joint Township Hospital District</name>
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      <invstOrSec>
        <name>Kentucky Rural Water Finance Corp.</name>
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          <isin value="US49140MAF68"/>
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        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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        <invCountry>PR</invCountry>
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        <name>Lewis County School District Finance Corp.</name>
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        <name>City of Lake Havasu City AZ Wastewater System Revenue</name>
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        <name>Franklin Liberty Federal Tax-Free Bond ETF</name>
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      <invstOrSec>
        <name>Rhode Island Student Loan Authority</name>
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      <invstOrSec>
        <name>Palm Beach County Educational Facilities Authority</name>
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      <invstOrSec>
        <name>Kansas City Industrial Development Authority</name>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>City of Corpus Christi TX Utility System Revenue</name>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Epperson North Community Development District</name>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Auth</name>
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        <name>City of Knoxville TN Wastewater System Revenue</name>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Escambia County Health Facilities Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Mississippi Development Bank</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>PEFA, Inc.</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>Berkeley County Public Service Sewer District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>St Johns County Industrial Development Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Galesburg IL</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Maricopa County Pollution Control Corp.</name>
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        <name>Metropolitan Pier &amp; Exposition Authority</name>
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        <name>Kentucky Municipal Power Agency</name>
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        <name>County of Carroll KY</name>
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        <invCountry>US</invCountry>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>University of Arizona (The)</name>
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        <name>Northern Tobacco Securitization Corp.</name>
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        <name>Pennsylvania Turnpike Commission</name>
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        <name>City of Seattle WA Municipal Light &amp; Power Revenue</name>
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        <name>Corona-Norco Unified School District</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Wyandotte County-Kansas City Unified Government Utility System Revenue</name>
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        <name>Iowa Finance Authority</name>
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      </invstOrSec>
      <invstOrSec>
        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>South Carolina Jobs-Economic Development Authority</title>
        <cusip>83703FLN0</cusip>
        <identifiers>
          <isin value="US83703FLN05"/>
          <other otherDesc="Inhouse Asset ID" value="943364"/>
        </identifiers>
        <balance>10000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9711110.00000000</valUSD>
        <pctVal>0.107611237269</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>5.00000000</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>Madison Suburban Utility District</name>
        <lei>N/A</lei>
        <title>Madison Suburban Utility District</title>
        <cusip>558272EB2</cusip>
        <identifiers>
          <isin value="US558272EB27"/>
          <other otherDesc="Inhouse Asset ID" value="1131122"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>690367.10000000</valUSD>
        <pctVal>0.007650130397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>3.00000000</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>County of Greenwood SC</name>
        <lei>N/A</lei>
        <title>County of Greenwood</title>
        <cusip>397090GP0</cusip>
        <identifiers>
          <isin value="US397090GP06"/>
          <other otherDesc="Inhouse Asset ID" value="675668"/>
        </identifiers>
        <balance>8465000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7735139.24000000</valUSD>
        <pctVal>0.085715011370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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="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>2022-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Federal Tax Free Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Jeffrey W. White </ncom:signature>
      <ncom:signerName>Jeffrey W. White </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
